Day: September 28, 2023

Buenos Aires Introduces QuarkID: A Revolutionary Blockchain-Based Identification System

  Buenos Aires is stepping into the future with the introduction of a cutting-edge identity solution, QuarkID, leveraging Blockchain and ZK technology. This innovative system ensures that citizens can securely consolidate their credentials. The inhabitants of Buenos Aires are on the brink of reclaiming control over their personal information with this novel digital identification solution […]

El Salvador’s Economic Evolution Led By Tourism & Bitcoin

In its most recent report, the business division of the institution, Santander Corporate & Investment Banking, highlighted a 30% year-on-year increase in tourism to El Salvador, much of it driven by bitcoin. Grupo Santander mentioned that bitcoin (BTC) is playing a significant role in the economic transformation that El Salvador is undergoing, as the digital asset […]

Blockchain Cities: Shanghai Case

  The government of Shanghai has unveiled ambitious plans to implement blockchain technology in city management, aiming to virtualize governmental processes. These plans, announced in June, are part of a broader effort by China to embrace and integrate blockchain technology into its governmental infrastructures and systems. Development of Blockchain Infrastructure Shanghai is investigating advanced technologies […]

European Union Allocates Funds to Study Environmental Impact of Crypto

  In a move reflecting its commitment to environmental sustainability, the European Union has earmarked a budget of 800,000 euros to investigate the environmental impacts of cryptocurrencies. This initiative underscores the EU’s resolve to mitigate the perceived substantial environmental damage attributed to the operations of the cryptocurrency industry. Aiming for Sustainable Cryptocurrency Operations The study, […]

Gaming Companies Diving into the Web3 Space

  In a significant stride towards the integration of blockchain technology, tech behemoths like Microsoft, Sony, Nintendo, Tencent, and others have marked their presence in the Web3 space over the past two years. A detailed report from Coingecko delves into the various strategies and investments these tech giants are making in this emerging sector. Strategic […]

Project Mariana, The Bank of International Settlements & CBDCs

BIS and Central Banks Explore Cross-Border CBDCs with DeFi Technologies The Bank for International Settlements (BIS), in collaboration with the central banks of France, Singapore, and Switzerland, has unveiled the successful execution of a pioneering test for cross-border trading and settlement using wholesale central bank digital currencies (wCBDCs). This groundbreaking initiative, named Project Mariana, leveraged […]

Crypto.com, PayPal, & Paxos in Strategic Partnership for PYUSD Integration

Crypto.com, a prominent cryptocurrency exchange, is fortifying its relationship with PayPal and Paxos, aiming to enhance the global adoption of crypto, particularly focusing on the integration of PayPal USD (PYUSD). This collaboration is set to position Crypto.com as a preferred exchange for the stablecoin, PYUSD. Aiming for Global Crypto Adoption The partnership, announced on Thursday, […]

Curve Founder Settles Significant Debt, Fuelling Speculations of a $CRV Bull Run

Michael Egorov, the visionary behind the decentralized finance (DeFi) protocol Curve, has successfully cleared his debt on the Aave lending protocol, leaving a residual debt of $42.7 million scattered across four other DeFi platforms. This development has sparked discussions about the potential bullish trajectory for $CRV. Strategic Debt Settlement Egorov leveraged 68 million CRV, translating […]