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30 Banks Participating in Russia’s Central Bank Digital Currency Pilot


The number of banks participating in Russia’s central bank digital currency pilot has increased to 30. Seventeen banks have signed an agreement with the Bank of Russia to participate in the digital ruble program. They will join 13 other banks, about 600 citizens, and 30 trading and service...

Floki and TokenFi Staking Halted Following Hong Kong Regulatory Concerns


The Floki Inu cryptocurrency team has decided to halt its Floki and TokenFi staking programs in Hong Kong following a warning from the Securities and Futures Commission (SFC), which listed them as “suspicious investment products.” This response comes after the SFC warned users about...

Polygon Labs and Warner Music Group Accelerate Web3 Evolution in Music


In collaboration with Warner Music Group (WMG), Polygon Labs has unveiled the two grant recipients for the inaugural Web3 Music Accelerator program. The initiative, announced in June 2023, aims to foster innovation at the intersection of Web3 and the music industry. The Web3 Music Accelerator...

Avalanche Announces Eligibility Criteria for Meme Coin Purchasing Program


The Avalanche Foundation, a non-profit organization seeking to support the avalanche ecosystem, has announced the rules covering its already active meme coin purchasing program. The institution has defined the holder count, concentration, liquidity, liquidity providers, lifespan, and market...

Underground Chinese Crypto Market Thriving + More Crypto News


Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In today’s edition: Underground Crypto Market in China is Thriving Aptos’ On-Chain Data Capabilities Expand with Integration of Dune, Nansen, and More...

Metallicus Introduces New Metal Blockchain Banking Innovation Program


  From the start, Metallicus has operated with a vision that the future of crypto is secure and compliant. With a dynamic advisory board made up of diverse leaders from the blockchain, cryptocurrency, and traditional banking  worlds, they have steadily worked to advance their strategy to build...

Russia’s Nornickel Using ‘Digital Assets’ to Pay Employee Dividends


Source: Alex J/Adobe The Russian metal mining giant Nornickel (Nornickel Norilsk) says it will start paying its employees dividends with “digital financial assets.” The firm’s board of directors has approved a program that will see employees receive around $10.40 per share. And, according to...

Native ETH and Lido wstETH transfer program join Wormhole protocol


By introducing native ETH and wstETH transfer software onto the platform, Wormhole has altered the ETH and wstETH movement pattern across numerous EVM-oriented networks. This will facilitate the achievement of increased liquidity and cost-effectiveness. Built on top of Uniswap v3, this new feature...

Lendr Network connects with the Chainlink BUILD program


Lendr Network has announced plans to integrate with the Chainlink BUILD program to promote their real-world asset (RWA) tokenization protocol and accelerate the development of the ecosystem. This will be possible through the provision of enhanced accessibility to Chainlink’s well-established...

Abyss World links up with the Chainlink BUILD program


Abyss World has joined the Chainlink BUILD initiative. This will help to accelerate the process of growing the ecosystem and acceptance of Web3 gaming by increasing access to Chainlink’s high-quality Oracle solutions and technical backing. It will also promote additional crypto economic...

New York DFS “Needs to Do More” on BitLicense program: State Comptroller


Source: Pixabay Thomas DiNapoli, New York State Comptroller, highlighted that there is a potential deficiency in the state’s financial regulator’s supervision of virtual currency licenses. The Office released a report stressing that the Department of Financial Services (DFS) “needs to...

Visa Adopts Web3 Tech for Its New Loyalty Engagement Solution


Visa, a worldwide leader in credit payment technology, has announced that it will include Web3 elements in its customized loyalty program solution. The company partnered with Smartmedia Technologies, a Web3 loyalty rewards startup, to add innovative features to these programs that include virtual...

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