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Singapore & JPMorgan to Rollout Blockchain-powered Payments Platform


Singapore’s central bank says its prototype blockchain-powered cross-border payments network is now ready for commercial rollout. As previously reported, the Monetary Authority of Singapore (MAS) began “industry testing" for its new solution with JPMorgan and the state-operated Singaporean...

700,000 Expedia Hotels Can Now Be Paid With Cryptocurrencies via Travala


More than 700,000 Expedia Group hotels and accommodations are now available via crypto-friendly travel booking platform Travala. Bookings can be paid with more than 30 cryptocurrencies, including bitcoin. Despite covid-19, Travala saw a 170% increase in booking revenue from its 2 million properties...

Trouble in Defi Paradise: Compound-Issued DAI Surpasses DAI in Circulation


A number of cryptocurrency proponents have been discussing the stablecoin DAI this week, as the DAI allegedly held on the Compound platform is much larger than what is recorded in circulation. At press time, Compound statistics show there’s $523 million worth of DAI held in reserves, while...

Kyber Network Doubles in a Month as Platform Upgrade Nears


On a day when major cryptoassets like bitcoin (BTC) and ethereum (ETH) barely moved at all, the decentralized token swap protocol Kyber Network’s KNC token saw a massive rise in price for the fifth consecutive day as the launch of its Katalyst platform upgrade got closer. The token, ranked 37th...

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