Several mainstream companies have been looking at the prospects of cryptocurrencies and have been venturing into the industry. While the social media giant, Facebook’s Libra project has been a great example of the same, several other platforms have been making use of the existing currencies. PayPal is reportedly the latest company to delve into the […]
World
Nigerian SEC Categorizes Crypto Assets As Securities
Cryptocurrencies appear to have found substantial assistance and shelter in poor and economically oppressed countries, as opposed to developed countries. Venezuela, a country whose economy has collapsed, has made news in the crypto-verse, particularly in view of its wide crypto-acceptance rate. Nigeria appears to be following suit as the country’s regulator has revealed support for […]
End Of Libra? European Union Demands Severe Regulations On Stablecoins
Even though cryptocurrencies were rolled out to veer away from the shackles of centralized institutions, over the years several authorities from across the world have attempted to regulate the crypto industry. The members of the European Union seem to be the latest ones to be making news over the same. ‘Only ECB Is Allowed To […]
Mastercard Aids Development Of CBDCs With The Launch Of New Testing Platform
Central Bank Digital Currencies [CBDC] have undoubtedly caught the attention of several governments. While China has been making headway with regard to the development of CBDC, other countries have been following suit. In more recent updates, Mastercard rolled out a platform to facilitate the development of CBDCs. CBDCs To Get A Boost With Mastercard’s Testing […]
Ukraine, Venezuela Way Ahead Of US In Terms Of Crypto Adoption
The first cryptocurrency was dropped into the world in 2008. More than a decade later and thousands of cryptocurrencies have been launched so far, the industry has seen a significant increase in both value and popularity. From being associated with the dark web to being widely adopted across the globe, the crypto-verse has come a […]
Here’s How Blockchain-Based ICONLOOP is Helping in Secure COVID-19 Tracing
COVID-19 has affected all sorts of countries, communities as well as businesses in countless ways. Over the last few months, several initiatives have come up in aid and help deal with the global health crisis. One of the many industries that have been able to master new opportunities to help amid the pandemic is the […]
United States National Debt Hits a Record $26 Trillion Amid COVID-19
The United States national debt has reached extraordinary levels amid the intense days of the coronavirus outbreak. The national debt in the US has reached $26 trillion, a scale never witnessed before. Back in April, the United States national debt stood at $24 trillion, rising to $25 trillion the next month. Currently, the debt stands […]
Here’s How China is Planning to Break U.S dollar’s Monetary Hegemony with Digital Yuan
The development with regards to China’s digital Yuan hasn’t slowed down amidst global COVID-19 concern. It was revealed on April 24 last week that three of the largest American brands, McDonald’s, Starbucks, and Subway, would be among the 19 companies participating in the digital currency trial. Although a Starbucks spokesperson told media outlets that they […]
China Goes Full Steam Ahead with Digital Yuan Mobile Application
China has become one of the foremost leaders when it comes to the blockchain and cryptocurrency industry with other regions considering it a major competition. Ever since Chinese premier Xi Jinping claimed that blockchain technology was beneficial, the country has not looked back. The latest reports revealed that China’s central bank was planning to launch […]
Etisalat and Noor Bank launch eWallet International Remittance Services in UAE to 200 Countries
Etisalat and Noor Bank announced the launch of eWallet – an international remittance service that will allow financial transactions between UAE individuals and 200 countries worldwide. The joint venture assured eWallet customers would be able to send money to relatives abroad in real time, in partnership with MoneyGram International, without having to visit a branch […]