As part of the digital shekel project, the Bank of Israel is studying technological alternatives and the opportunities and risks inherent in various technologies for applying a digital shekel system. „This involves both theoretical analysis and practical experiments that examine the various technologies,” according to the press release. The Bank of Israel is today publishing the outline and main insights from the first technological experiment conducted as part of the project. […]
The payments giant Visa has launched its first crypto cards in the Latin America region – and will debut its new products in Brazil and Argentina via a number of new partner firms. According to Expansión, Visa has “announced an alliance” with various fintech companies and IT startups in Brazil and Argentina that will let “users make transactions” with Visa cards – and receive crypto cashbacks every time they spend. In […]
Circle Internet Financial, a global internet finance firm and issuer of USD Coin (USDC), today announced that it is preparing to issue a fully-reserved, euro-pegged stablecoin from the United States called Euro Coin (EUROC). „Available June 30, Euro Coin is a regulated, euro-backed stablecoin issued under the same full-reserve model and built on the same pillars of trust, transparency, and security that have made USDC one of the world’s most trusted digital […]
Project „Sela”[1] will focus on Two-Tier Retail CBDC with Exposure-less Cyber Secure Intermediaries The BIS Innovation Hub, the Bank of Israel and the Hong Kong Monetary Authority will join forces to test the feasibility of a cyber secure two-tier retail CBDC. In the proposed model the intermediaries will have no financial exposure resulting from their customers’ on-boarding, holding or transferring CBDC, therefore reducing the risk and costs associated with financial intermediation. […]
A survey conducted by „Big Four” accounting firm Deloitte indicates that nearly 85% of executives from various U.S retail organizations expect digital currency payments to become “ubiquitous” among suppliers in their industry in the next five years. Nearly all the respondents agreed that the use of digital currencies for regular, everyday purchases will increase over the next few years. This trend is likely to grow as the technology continues to mature and merchants’ […]
Coinbase, one of the main ways people buy and sell crypto assets (with a self-proclaimed 98 million users) and a top barometer for the industry’s health, is cutting its workforce by 18%. On Monday, crypto lender Blockfi and the exchange Crypto.com both announced they are cutting their workforces in light of the down market and a rough outlook for the rest of 2022. BlockFi plans to lay off 20% of its workers and […]
Celsius is one of the largest centralized gateways to crypto. It raised $864m of venture capital and at one point custodied over $3 billion of funds for 1m+ customers. As of today, it appears insolvent, and it’s taking the whole crypto market with it. Crypto lender Celsius Network said on Sunday evening it would pause all withdrawals and transfers for customers as crypto assets continued to get battered. “Due to […]
an article written by RAJ DHAMODHARAN, Executive Vice President, Digital Asset & Blockchain Products & Partnerships We believe the process of buying an NFT needs to be easier and safer. When that happens, customers get the things they want with less stress and uncertainty. For NFT creators, these changes grow their potential customer base to millions more people all over the world. We’ve been innovating over the past year to make these […]
RE/MAX Romania, which is a part of the real estate world leader and the number 1 franchise in this segment globally, announces its entering into a partnership with Tradesilvania, a digital investment platform specialized in cryptocurrency trading, which is meant to offer customers the opportunity to make secure real estate transactions by means of digital assets. This partnership, unique in Romania, is a trend that also exists on other markets […]
While the world grappled with the downsides of the COVID-19 pandemic, the crypto space registered unprecedented booms, non-fungible tokens (NFTs) in particular registered a meteoric rise in their adoption in 2021. That said, available data points to NFTs continuing to contribute a small percentage of the crypto sector’s revenues. CryptoMonday.de has been analyzing trends within the crypto space. It projects that income from crypto and NFT marketplaces will surpass the $70B […]