Archived Posts

The World Economic Forum (WEF) has established a worldwide association devoted to contriving an infrastructure for the cross-border governance of cryptocurrencies, which includes stablecoins as well. The recently established Global Consortium for cryptocurrency governance will concentrate on the creation of inter-working, lucid and all-encompassing policy initiatives to monitor the cryptocurrency domain and promote public-private partnership   Read more...

Covantis, a blockchain endeavor supported by international agriculture business behemoths such as Cargill, has chosen key Ethereum centered startup ConsenSys as a technological associate. Under the collaboration, ConsenSys will develop an Ethereum based blockchain system to digitize the post-trade funding business and improve efficiency and save costs for the global agribusiness supply chain. Back in   Read more...

Celsius, platform for lending and borrowing crypto, stated that it would start providing compound interest on cryptos deposited in its wallet. The company has issued few more updates via a tweet AMA (Ask Me Anything) session with founder Alex Mashinsky. Compounding feature was introduced on the basis of a request made by Celsius community and   Read more...

The distributed ledger technology and cryptocurrency research team of MIT, also referred to as the Digital Currency Initiative, recently detailed that a central bank digital currency (CBDC) will ultimately utilize some of thetheories and technology presently being tested in the crypto domain. In a detailed report, MIT pointed out what can be learnt from existing   Read more...

Pornhub, one of the popular adult entertainment website, has started accepting stable coin Tether (USDT) after PayPal stopped servicing the adult website without any notice in late 2019. With the addition of Tether (USDT) – a US dollar pegged stable coin – as one of the payment options, users will be able to make real-time   Read more...

Venezuelan state-backed cryptocurrency Petro (PTR) distributed to residents of the country via airdrop is now offered at a considerable discount to the official price. The value of one PTR cryptocurrency, as per Venezuelan government, is $60. However, it is offered on LocalBitcoins at half the official price. As per a Reddit thread, Venezuelans are looking   Read more...

Square, which offers financial services and mobile payment solutions, believes that it has found a solution to convert fiat into cryptocurrency instantaneously which carrying out a transaction at PoS terminals. The US Patent Office issued a patent to Square for developing a technology that provides a solution to issues faced by merchants in transactions. “All   Read more...

The central banks of Hong Kong and Thailand have taken another step forward to use a jointly developed central bank digital currency (CBDC) for trans-border payments. In this regard, the Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) disclosed the result of an endeavor named Inthanon-LionRock, involving joint study of CBDC. The   Read more...

Telecom firm Vodafone is the latest to join a long list of firms which have departed from the Libra association. The representative said: “Vodafone Group has decided to withdraw from the Libra Association. We have said from the outset that Vodafone’s desire is to make a genuine contribution to extending financial inclusion. We remain fully   Read more...