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Canada central bank assesses innovations and challenges of DeFi
17.10.2023
The staff note suggested that although the DeFi ecosystem brings a ton of innovations in the financial sector the regulatory challenges and vulnerability limit its potential use in traditional finance
Ripple’s latest updates: What’s new and what it means for XRP holders
11.10.2023
In the recent few years, Ripple has become a notable service provider of seamless and world-class blockchain solutions. This crypto company has made a mark in the industry due to a variety of updates it has done recently. It is worth noting that these developments have captivated the attention...
Revolutionizing the Cryptocurrency World: DEX BANUS Emerges as a Leader in Decentralized Futures
21.9.2023
PRESS RELEASE. Puerto Banus Spain, September 20, 2023 – The cryptocurrency and blockchain landscape is undergoing constant evolution, marked by groundbreaking innovations. At the forefront of this movement stands DEX BANUS. DEX BANUS: Pioneering Decentralized Trading DEX BANUS distinguishes itself...
Study: Bitcoin Ordinal NFT Sales Nosedive as Broader Market Cools
19.8.2023
The buzz surrounding Bitcoin’s leap into the NFT world via Ordinals might be fleeting. A Dappradar study reveals that trading actions and sales figures for Bitcoin Ordinals have plummeted by a staggering 97% since their May 2023 zenith. This downturn mirrors a wider slowdown in the...
Kenyan Residents Asked to Participate in a ‘Public Survey on Virtual Assets’
18.8.2023
Kenya residents who wish to shape their country’s policy towards the crypto ecosystem can now do so by participating in a public survey on virtual assets and virtual assets service providers, the Financial Reporting Centre (FRC) has said. The FRC says the public’s feedback “will...
How BYDFi enhance the user experience from its regular innovations?
9.8.2023
BYDFi is a dynamic cryptocurrency exchange with advanced trading tools and features in the ever-evolving crypto landscape. BYDFi caters to many traders, media, project teams, copiers, and other communities. It has created an ideal crypto trading environment for both beginners and experienced...
USM Metaverse gears up for exciting August innovations
7.8.2023
USM, the largest metaverse constructed on the BNBChain, is excited to present a number of ground-breaking innovations in August. This represents a significant advancement in USM’s mission to transform the digital sphere and is set to unleash a new wave of imaginative potential and immersive...
IMF Working Paper Urges Tax System Overhaul to Tackle Crypto’s Tax Collection Challenges
7.7.2023
A research paper published by the International Monetary Fund (IMF) warns that tax collection is significantly more challenging with cryptocurrency assets, and current tax systems are not designed to handle them. The IMF’s working paper emphasizes that certain crypto assets may not persist...
VC Company A16z Expands to London to Take Advantage of Friendly Web3 Regulation
14.6.2023
A16z, a tech-focused venture capital company, has announced that it will open its first office in London to take advantage of the friendly regulatory environment in the U.K. Prime Minister Rishi Sunak stated he was thrilled about this expansion and that the U.K. would continue to embrace...
Bitcoin Life Insurance Startup Raises $19M in Seed Rounds Led by Sam Altman and Gradient Ventures
7.6.2023
Meanwhile, a life insurance company that uses bitcoin, has accumulated $19 million through two seed funding rounds. The first round was led by Openai CEO Sam Altman and former Stripe executive Lachy Groom, while Google’s Gradient Ventures took charge of the second round. Crypto Startup...
Kenyan Central Bank: CBDC Not a Priority ‘in the Short to Medium Term’
6.6.2023
The Kenyan central bank has said implementing a central bank digital currency (CBDC) may not be a priority for Kenya in the short to medium term. According to the central bank, Kenya’s “pain points in payments can potentially be solved by strengthening innovations around the existing payment...
El Salvador Eliminates All Taxes on Technology Innovations, AI, App Programming
5.5.2023
El Salvador’s president, Nayib Bukele, has enacted a law that eliminates all taxes on technology innovations, software and app programming, AI, computer, and communications hardware manufacturing. The law is expected to boost the country’s technology sector, generate more jobs for...
The technological advancements and innovations that make Sparklo a smarter choice than Cardano
29.4.2023
The race to provide the most advanced and innovative solutions is fierce in the crypto world. Sparklo (SPRK) and Cardano (ADA) are two projects that have captured the attention of many investors and traders. However, a closer examination reveals that Sparklo offers a unique combination...
Franklin Templeton Sees Web3 Driving Next Wave of Tech Innovations
27.3.2023
In a new report, the asset management giant outlines tech-driven megatrends that are shaping society, including decentralization
El Salvador President Bukele to Introduce Bill That Would Eliminate Taxes on Technology Innovations
24.3.2023
The bill will strip technology innovations such as software programming, coding, apps and Artificial Intelligence development from tax obligations on income, property, capital gains and import tariffs, Bukele said in the tweet
US Treasury and White House to Hold Regular Meetings on CBDCs and Payment Innovations
2.3.2023
On March 1, 2023, Nellie Liang, undersecretary for domestic finance at the U.S. Treasury, delivered a speech to the Atlantic Council in Washington concerning the subject of central bank digital currencies (CBDCs). Liang detailed during her speech that a CBDC is one of several options...
Innovations Help to Substantially Reduce the Gap Between Decentralized and Centralized Exchanges — Dexalot COO
2.3.2023
While centralized exchanges are thought to be safer and more efficient, proponents of decentralized platforms like Tim Shan insist that user experience on decentralized exchanges has improved. In addition, inherent benefits associated with decentralized exchanges such as the self-custody of assets...
Napster Expands Into Web3 Music Space With Acquisition of Mint Songs
15.2.2023
On Wednesday, Napster, the music streaming service originally launched in 1999, announced that the company has finalized a deal to acquire the Web3 music startup Mint Songs. Napster’s CEO, Jon Vlassopulos, insists that “we are in an unprecedented era of innovation in the digital music...
Ghanaian and Nigerian Central Bank Open Respective Regulatory Sandbox Application Processes
29.1.2023
The Ghanaian and Nigerian central banks have invited financial innovators that wish to be included in their respective regulatory sandboxes to submit applications. The Bank of Ghana said its sandbox will also support innovations that attempt to solve the financial exclusion challenge. Solving...
RegTech Africa Conference set to elevate national policy on financial inclusion, consumer protection, and cybersecurity
28.11.2022
Digital financial services hold great promise as a means to enable financial inclusion and thus help improve people’s lives. However, cybercrime has become a key concern in developing and emerging markets and threatens to hinder global advances in building a more inclusive digital society. Whilst...