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DBS Bank China Launches Digital Yuan Merchant Collection Solution


Crypto-friendly bank DBS announced the launch of a digital yuan merchant collection solution for business clients.  The new payment solution will allow mainland Chinese businesses to receive payments in the central bank digital currency (CBDC). The DBS merchant collection platform allows...

Cryptocurrency in China: Central Bank Shake-Up Dims Hopes for Policy Reversal


Hopes that China’s anti-crypto stance could soon change have been crushed by the appointment of a known crypto-critic as the Communist Party’s top official at the People’s Bank of China (PBoC). According to a recent Wall Street Journal report, the Party’s new appointee to the Chinese central bank...

Today in Crypto: Bitget Launches Crypto Loans Product, Ethereum Community Proposes New Standard to Strengthen DeFi Protocols' Security, China Tightens Exports of Two Key Materials Used in Computer Chips


Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: Bitget Launches Crypto Loans Product, Ethereum Community Proposes New Standard to Strengthen DeFi...

Dappradar: Metaverse Projects Command 43.68% of the Web3 Investments in 2023


While metaverse and virtual world projects have nosedived, a recent report of Dappradar, a Web3 tracking site, has revealed that venture capital firms have invested $707 million in these projects since the start of 2023. This means that, even when the metaverse narrative was substituted by meme...

Ethiopia Joins Egypt in Seeking BRICS Membership


Ethiopia has joined Egypt and Algeria in applying to become a member of Brazil, Russia, India, China and South Africa (BRICS) economic bloc. According to the Ethiopian Foreign Affairs Ministry, joining the bloc would help the country guarantee its national interests. Safeguarding Ethiopian National...

Chinese Firms Using Digital Yuan to Pay Electricity Bills


Energy providers in China are adding digital yuan payment options, allowing companies and individuals to settle their bills in the nation’s central bank digital currency (CBDC). Per the news outlet Dizo, the city of Suzhou’s Xiangcheng District’s drainage and sanitation companies recently used...

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