Category: News
BRICS Nations Chart Course for Financial Sovereignty with Stablecoin and CBDC Initiatives
The BRICS nations – Brazil, Russia, India, China, and South Africa – are asserting their economic autonomy by exploring innovative digital currency solutions to reduce reliance on the US dollar in global trade. In a recent interview, Sergei Ryabkov, Russia’s Deputy Minister of Foreign Affairs, revealed that the bloc is considering the adoption of stablecoin transactions and the…
3 in 4 Canadian Institutions Owned Digital Assets in 2023
A recent survey conducted by KPMG suggests that institutional investors in Canada have re-embraced digital assets with renewed enthusiasm. The consulting giant’s bi-annual Institutional Adoption of Cryptoassets survey revealed a significant increase in cryptocurrency holdings among Canadian investment firms, reflecting a growing perception of cryptocurrencies as a viable alternative asset class. The survey findings paint…
Robert F. Kennedy Jr. Proposes Putting U.S. Budget on the Blockchain
In a bold and unprecedented proposal, independent presidential candidate Robert F. Kennedy Jr. has announced his intention to put the entire U.S. federal budget on the blockchain if elected. This move, he argues, would usher in a new era of transparency and accountability in government spending, empowering every American citizen to scrutinize how their tax…
Klumi Ventures Blazes Trail as First ADGM-Licensed Web3 VC Firm
Klumi Ventures has become the first Web3 venture capital firm to receive a license from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). As the sole Web3 VC and Fund Manager regulated by ADGM, Klumi Ventures stands at the forefront of the UAE’s rapidly evolving blockchain ecosystem, offering comprehensive support to…
Deutsche Bundesbank Joins Forces with MIT on Digital Euro Research
In a significant move towards exploring the potential of central bank digital currencies (CBDCs), the Deutsche Bundesbank, Germany’s central bank, has announced a collaboration with the renowned Massachusetts Institute of Technology (MIT) Digital Currency Initiative (DCI). The partnership aims to explore the intricacies of designing a digital euro, with a particular emphasis on addressing the…
Germany’s Largest Federal Bank to Offer Crypto Custody This Year
One of Germany’s largest banks, Landesbank Baden-Württemberg (LBBW), has announced plans to launch cryptocurrency custody services for institutional clients in the latter half of 2024. The move comes in response to growing demand from corporate customers seeking exposure to digital assets. LBBW will collaborate with Austrian crypto exchange Bitpanda to facilitate this offering. Bitpanda’s institutional-grade…
Demystifying Sapphire: An Interview with DECENOMY’s Urs Schwinger
In the ever-evolving world of cryptocurrencies, Sapphire stands out with its unique journey and focus on bridging the gap between the digital and real economies. In this exclusive interview, DECENOMY founder Urs Schwinger sheds light on Sapphire’s past, present, and exciting future. 1. Can you elaborate on Sapphire’s history and the problem it aims to…
Terraform Labs and Do Kwon Found Liable for Crypto Fraud by US Jury
A jury in the Southern District of New York has found Terraform Labs and its co-founder Do Kwon liable for defrauding investors in a civil lawsuit brought by the United States Securities and Exchange Commission (SEC). The verdict, announced on April 5, 2024, marks a significant moment in the ongoing saga surrounding the dramatic collapse…
Telegram Opens the Advertising Vault: Toncoin Takes Center Stage
Telegram, the widely used messaging app boasting over 500 million users, has unveiled a groundbreaking update – in-platform advertising powered by Toncoin (TON). This move marks a significant shift for Telegram, introducing a new revenue stream while empowering channel owners with monetization opportunities. With the new advertising feature, businesses can now promote their products and…
Decenomy Unveils Dynamic Rewards System for a More Balanced Blockchain
Decenomy, a project focused on revolutionizing transactions through blockchain technology, has announced a groundbreaking update currently undergoing beta testing: The Dynamic Rewards System. This innovative system aims to create a more transparent, equitable, and sustainable network by dynamically adjusting block rewards based on key network metrics. Fine-Tuning the Reward Structure The core feature of the…