India’s Digital Rupee Milestone with Mixed Reactions
India’s central bank digital currency (CBDC), the digital rupee, achieved a significant milestone on December 27, 2023, by surpassing one million transactions in a single day. However, this achievement comes with a caveat as retail banks’ own employees played a part in boosting these numbers. CoinDesk revealed that the Reserve Bank of India (RBI) Governor […]
Celsius Network’s Ethereum Unstaking: Creditor Repayment Plan
Celsius Network, the cryptocurrency lending platform now out of operation, has announced to its 243,000 social media followers that it will unstake its Ethereum holdings. This move is part of the asset preparation process to ensure timely distributions to creditors. In a recent post, the company stated, “The significant unstaking activity in the next few […]
South Korea’s Progressive Crypto Wallet Tax Policy
South Korea’s National Tax Service (NTS) has taken a pivotal step in cryptocurrency regulation with its latest announcement exempting non-custodial, decentralized wallets, including cold wallets, from overseas financial account reporting. This decision, declared on October 30, 2023, comes after the NTS’s June 2023 decision to include virtual assets in such reporting for holdings exceeding 500 […]
Puma: A Visionary in Web3 and the Metaverse in 2024
Puma has reaffirmed its commitment to Web3 in 2024, standing in stark contrast to other brands that distanced themselves from this technology during the recent crypto winter. Under the leadership of Ivan Dashkov, head of emerging technology, the company remains steadfast in its belief that Web3 is the internet of the future, despite modest results […]
Wirex and ZeroFox Lead Financial Security
Wirex, a frontrunner in the Web3 financial sector, has recently escalated its defense against Dark Web intrusions and the menace of money mule accounts. The company has astutely integrated ZeroFox’s state-of-the-art Dark Web Monitoring tool, establishing a robust security network. This integration signifies a harmonious blend of human expertise and artificial intelligence, meticulously scouring the […]
Nigeria Embraces Crypto: New Banking Rules Unveiled
Nigeria, Africa’s most populous nation, has taken a significant step in the world of digital finance. The Central Bank of Nigeria (CBN) recently announced a set of stringent rules for banks, marking a pivotal shift from its previous stance on cryptocurrencies. This move aligns Nigeria with global trends in blockchain technology and digital assets, reflecting […]
Revolutionizing Lending: Stablecoins & Blockchain
The lending market is undergoing a significant transformation, moving away from a traditional, bank-centric framework towards a more diverse and technologically advanced ecosystem. This shift, accelerated since the Global Financial Crisis (GFC), is reshaping the landscape of capital aggregation and distribution. However, the current market structure still encounters considerable friction. Integrating blockchain into the existing […]
Ping Exchange: New Trading Experience with CorePass ID
Positioned as the first Core Blockchain exchange, Ping Exchange brings an innovative approach to crypto trading, offering instant withdrawals and deposits for its native XCB and CTN currencies. CorePass ID: A Paradigm Shift in Authentication At the heart of Ping Exchange’s uniqueness is its integration of CorePass ID for user authentication. This advanced system, rooted […]
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