The United Arab Emirates’ central bank and the Saudi Arabian Monetary Authority have announced details on the interbank digital currency they are co-developing. The United Arab Emirates’ (UAE) central bank (UAECB) and the Saudi Arabian Monetary Authority (SAMA) have announced that the interbank digital currency they are co-developing will be called “Aber.” The news was […]
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South Korea’s central bank says it won’t be issuing a central bank digital currency in the near term, but will continue to conduct detailed research into the matter. South Korea’s central bank, the Bank of Korea (BOK), says it won’t be issuing a central bank digital currency (CBDC) in the near term, local English-language newspaper […]
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Sparkdex.HKD is reportedly the first HKD-backed stablecoin on the market, where “US Dollar stablecoins have dominated.” Hong Kong-based money transfer platform Bitspark has launched what is reportedly the first stablecoin pegged to the Hong Kong dollar (HKD), local tech and finance news outlet Fintech Hong Kong reports Jan. 29. Bitspark, which has positioned itself as […]
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11 Indian banks are involved in consultations to bolster blockchain-based supply chain financing for micro, small and medium sized businesses. Banks in India are collaborating on a new blockchain platform to remove financing hurdles for micro, small and medium size businesses (MSMEs), local daily news outlet Economic Times reported Jan. 28. A total of eleven […]
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Ledger Live new mobile app favors the company’s newer Nano X device, with more support for Nano S coming later on. French cryptocurrency hardware wallet manufacturer Ledger has released a dedicated mobile app for some of its products, the company confirmed in a blog post Jan. 28. Dubbed Ledger Live, the app previously available for […]
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As Venezuela enters the crucial part of a political crisis, we decided to trace the fate of the Petro — the national cryptocurrency that seemingly failed to save country’s economy. Venezuelan leader Nicolas Maduro was sworn in for a second term on Jan. 10, amid tremendous hyperinflation, long-lasting political and economic crisis, and strict sanctions […]
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Canadian cryptocurrency exchange QuadrigaCX, which has recently been wrapped up in legal battles with a major bank, is down for maintenance. Canadian cryptocurrency exchange QuadrigaCX is down for maintenance, according to an announcement on its webpage on Jan. 28. The exchange, which has been wrapped up in legal troubles with the Canadian Imperial Bank of […]
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A Swiss-based ‘smart card’ wallet firm, Tangem, will produce physical banknotes for the Marshallese digital currency. Tangem, a Switzerland-based ‘smart card’ wallet manufacturer will reportedly issue physical banknotes for the Sovereign (SOV), the state digital currency of the Marshall Islands, according to an announcement on Jan. 28. Per the announcement, physical representations of the digital […]
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The BitTorrent token sale concluded on the Binance Launchpad platform despite some technical difficulties. The BitTorrent token (BTT) sale on the Binance Launchpad platform concluded today Jan. 28, netting $7.1 million dollars with the sale of 50 billion tokens in under 15 minutes. Binance announced the conclusion of the sale in an official blog post. BitTorrent […]
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How blockchain is helping to decentralize the energy industry. The association between blockchains and energy is usually a negative one. “The Bitcoin blockchain is so wasteful of electricity,” or so the argument goes, “that it would push global warming to dangerous levels if it were ever used on a massive scale.” Research published in […]
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