Zimbabwe’s Zimbocash project got closer to its goal of providing a sound-money alternative to the hyperinflation of the local currency. A project developing a national decentralized currency network in Zimbabwe has received a big boost with the listing of its Zimbocash (ZASH) token on the Bithumb Global exchange. According to a May 22 report in […]
Continue ReadingA global think tank for central banking, OMFIF, has announced the launch of its Digital Money Institute, aimed at bridging the gap between digital currency and traditional banking. The Official Monetary and Financial Institutions Forum (OMFIF), an independent global think tank for central banking and economic policy, announced the launch of its Digital Monetary Institute […]
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Despite JPM’s boss being tough on crypto, the bank takes on two regulated exchanges as clients in what some are calling a “game-changer.” As the largest among the United States’ “Big Four” banks, JPMorgan Chase comes across as an unlikely ally to digital asset service providers seeking to break through the glass ceiling still separating […]
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Gibraltar could be the next crypto hotspot, so what do companies based there think about the territory’s sector-leading regulations? For hundreds of years, Gibraltar was a vital part of the British Empire. The tiny territory, known as “The Rock” due to a gigantic protrusion of limestone that dominates its skyline, was sliced off the bottom […]
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Lykke’s new contest looks to give money to developers to pursue new tech proposals that promise to aid the economic recovery in the wake of COVID-19. As announced on May 19, Swiss cryptocurrency exchange Lykke will be offering four prizes totalling 200,000 Swiss Francs ($205,800) as part of the Open Initiative. The initiative is looking […]
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Raiffeisen Bank International is extending collaboration with Polish-British fintech Billon for a new form of DLT-based national currency tokenization. While global jurisdictions are progressing with central bank digital currencies, private institutions also work on digitizing national currencies. Raiffeisen Bank International (RBI), a major Austrian bank, is working on a new form of national currency tokenization […]
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Top Chinese digital bank WeBank is partnering with OpenNodes to drive blockchain innovation among Singaporean universities. China’s top digital bank, WeBank, has partnered with OpenNodes, a distributed ledger technology (DLT) platform by Singapore’s Infocomm Media Development Authority. Through the new partnership, WeBank will provide the FISCO BCOS blockchain platform to Singaporean academics to innovate and […]
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Digital currency solutions that directly face consumers will not be taken seriously by central banks, according to a Visa executive. Consumer-facing digital currency solutions will not be taken seriously by central banks, according to a Visa executive. Visa head of crypto Cuy Sheffield tweeted on May 18 that he does not believe central banks are […]
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The COVID-19 crisis has pushed people to seek alternative technological solutions as blockchain and crypto become more popular. Crypto is a place where everything changes faster than in any other industry, and seeing as it was born in the age of the internet, this is quite fitting. Today, China is leading the global digital asset […]
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German bank WEG has partnered with Anquan Capital to explore DLT applications in the banking and financial services industries. Ten31, the FinTech arm of Germany’s WEG Bank, has partnered with Singaporean technology incubator, Anquan Capital. While the entities have yet to detail the specific projects they’ll work together on, a press release announced that the […]
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