U.K. Finance alongside 11 of its members completed the experimental phase of a tokenization and CBDC platform. The program identified improvements in economic value and enhanced functionality. Stablecoins Explained: 3 Things You Need to Know Philippines Taps Blockchain BlackRock CEO Predicts Tokenization Is the Future of Markets Tokenization on Public …
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Singapore Launches Investigation into Worldcoin Account Sales for Potential Regulatory Violations
by Wayne Jonesby Wayne JonesSingaporean authorities have launched an investigation into the sale of Worldcoin accounts and tokens, suspecting that such activities may breach the country’s Payment Services Act (PS Act) of 2019. The probe centers around seven individuals allegedly involved in the unauthorized sale of Worldcoin-related services, including third-party transactions of accounts and …
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Global Banking Network SWIFT Paves Way for Tokenized Asset Integration
by Martin Youngby Martin YoungOn Sept. 11, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) announced that it was “paving the way towards real-world solutions that will enable our members to access and transact with regulated digital assets and currencies.” The organization has a vision of enabling its members to transact with both traditional …
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This malware alters wallet addresses during transactions, leading to financial losses. It swaps the user’s copied wallet address with one controlled by attackers. As a result, funds are sent to the wrong destination without the user realizing it. Binance Highlights Risks of Clipper Malware in Crypto Transactions Since August 27, …
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Think stablecoins are just a vehicle for anonymous crypto trading? A new survey from Castle Island Ventures would suggest otherwise. In a report sponsored by Visa, the firm showed that crypto users in five developing countries – Nigeria, India, Indonesia, Turkey, and Brazil – are turning to stables largely as …
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Anatoly Aksakov, Chairman of the State Duma Financial Market Committee, announced that the Central Bank and the Ministry of Finance of the Russian Federation are working on bylaws to establish rules for cross-border payments in cryptocurrency. The government aims to finalize these regulations by the end of November. Russia Recognizes …
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Ripio announced a DeFi credit card in partnership with Visa, with which it introduced a prepaid debit card in 2022. Users will be allowed to use up to 30% of the amount locked in a Compound-based liquidity pool with several cryptocurrencies, including bitcoin and ether. Is DeFi Summer Making a …
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The number of addresses holding Tron’s native token TRX for the long term has skyrocketed over the past 12 months, according to data from the blockchain intelligence firm IntoTheBlock. A tweet from the market analytics platform revealed that the Tron network currently has nearly 90 million long-term holder addresses, representing …
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Stablecoins are increasingly used for everyday finances such as savings, currency conversion and cross-border payments in emerging markets, according to a Thursday report by digital asset investment firm Castle Island Ventures and hedge fund group Brevan Howard. Based on a survey of more than 2,500 cryptocurrency users in Brazil, Nigeria, …
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As Bitcoin breaks the $58,000 mark, altcoins are taking center stage in the ongoing bull run. Amid the recovery run, investors are grabbing undervalued projects with high potential, and OMG Network is poised for a substantial surge. Known for addressing payment processor inefficiencies, OMG has captured attention before, and with …