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Crypto Cards Still an Option to Spend Digital Cash in Fiat Environment
8.10.2023
Rising regulatory pressures may have limited crypto cards on offer but they remain a viable way to pay with coins where only fiat is accepted. With them, you spend crypto and that’s without the need to exchange it beforehand as it often happens when you want to pay with cryptocurrency in...
Sony Suffers Two Hacks In Four Months, Thousands Of Employees' Info Exposed
5.10.2023
A week after an extortion group called Ransomed.vc claimed to have hacked into Sony’s systems and stolen 3.14GB of data, the company has admitted to a second security breach. This one occurred back in May and involved the personal data of nearly 6,791 current and former employees.Read more
Chia Network Lays Off Third of Its Staff as Loss of Banker Delayed Going Public
2.10.2023
Chia Network cut a third of its workforce today as the blockchain platform sought to reestablish a lost banking relationship, the company told CoinDesk, further delaying what Chia had hoped would be a rapid path to listing as a public company
Circle Rolls Out Open-Source Protocol to Help Build Tokenized Credit Markets
29.9.2023
Perimeter Protocol, an open-source smart contract codebase dedicated to credit facilitation, is the first development of Circle Research
Using Proof-of-Stake for a Decentralized Credit Bureau
28.9.2023
Xbox Has Made A Gamer Credit Card
11.9.2023
If the last time you were at the store you thought, “I wish it was more clear that I am a gamer while buying these groceries,” then Xbox has a solution for you: the official Xbox Mastercard. Announced in an Xbox news blog on September 11, the new Xbox Mastercard (issued by Barclays) will let...
Coinbase Launches Crypto Lending Service for Institutional Investors
8.9.2023
Digital asset exchange Coinbase will be offering cryptocurrency loans to institutions in the United States. With the new service, the leading U.S. crypto trading platform seeks to fill the market gap opened by the collapse of companies like Celsius, Genesis, and Blockfi. Crypto Exchange Coinbase...
Crypto Lenders Caused Crypto Contagion Last Year. How Is the Industry Rebuilding?
6.9.2023
After bankruptcies tore apart the crypto lending, the industry is attempting to rebuild in a sustainable and accountable manner
DeFi and Credit Risk
6.9.2023
As a potentially disruptive sector, DeFi must set aside some of its lofty ideals, for now, and focus on financial solutions with demonstrable global demand and adoption
Nexo Launches a Crypto-Powered Debit and Credit Mastercard for the European Economic Area (EEA)
1.9.2023
In partnership with Mastercard, Nexo launched the world's first "Dual Mode Crypto Card," offering debit and credit functionalities for European Economic Area (EEA) citizens on August 31.
The Nexo "Dual Mode Crypto" Card offers users the ability to optimize tax responsibilities by utilizing Credit...
Nexo Mastercard Adds Credit and Debit Toggle to Optimize Crypto Usage
1.9.2023
Nexo has introduced a new “Dual Mode” feature on its cryptocurrency Mastercard, allowing users to switch between debit and credit functions to optimize cryptocurrency spending. Nexo Unveils Dual Mode Card Capabilities to Streamline Crypto Payments Nexo‘s new feature enables...
Brazil Proposes Plan to Settle Bilateral Trade With Argentina in Chinese Yuan
26.8.2023
The government of Brazil has formally presented a proposal to Argentina to settle bilateral trade transactions in the Chinese yuan. The proposal, which would leverage resources in the Chinese credit swap line, aims to maintain trade between the countries and secure the payment of Brazilian...
Tokenization News Roundup: Resource Extraction, Social Media Monetization and Real World Connections
24.8.2023
Mastercard Launches CBDC Partner Program
22.8.2023
Mastercard, the credit behemoth, announced the launch of a new program to widen its understanding of central bank digital currency (CBDC) and its possible applications. The CBDC Partner Program will be integrated by Ripple, Consensys, Fluency, Idemia, Consult Hyperion, Giesecke+Devrient,...
China to extend its Social Credit System across the metaverse
22.8.2023
POLITICO recently shared a new report offering insights into China’s upcoming plans regarding the online sphere. The report suggests China plans to extend its renowned social credit system across the metaverse. The system will also be applicable to other virtual worlds, showcasing the growing...
Australia-Based Crypto Lender Sentenced for False Credit License Claims
21.8.2023
The Australian securities regulator recently revealed that the crypto lending platform Helio pleaded guilty to the allegation of falsely claiming to be a holder of the Australian Credit License (ACL). For admitting to committing the offense, Helio is said to have entered...
China Wants To Implement Social Credit System With Digital IDs In The Metaverse
21.8.2023
A new report suggests that China is pushing proposals aiming to transplant its traditional social credit system to the metaverse as it seeks to establish greater control.
According to Politico, the proposals were initially drafted by China Mobile, the state’s telecom provider termed the “Digital...
China proposes to bring its social credit system to the metaverse: Report
21.8.2023
Proposals to a United Nations group reportedly show China wants digital IDs and real-world punishments for actions that occur in the Metaverse
Crypto Lender Exactly Hit by $12M Bridge Exploit
18.8.2023
Exactly Protocol, a decentralized credit market on the Optimism (OP) blockchain, has been targeted by a bridge exploit worth as much as $12 million
Crypto Lender Helio Sentenced for Falsely Claiming to Hold an Australian Credit Licence
18.8.2023
Australia-based cryptocurrency lender, Helio Lending Pty Ltd, has been handed a non-conviction bond after falsely claiming to hold an Australian credit license.
The Australian Securities and Investments Commission (ASIC) revealed that Helio falsely claimed it held a credit license in an August...