The MAS will collaborate with local banks during the pilot, allowing them to issue tokenized bank liabilities on blockchain technology, streamlining the clearing and settlement processes. Singapore is gearing up for a groundbreaking move into the era of Central Bank Digital Currencies (CBDCs), with plans to pilot the live issuance and use of wholesale CBDCs in 2024. As reported by CNBC, Ravi Menon, the Managing Director of the Monetary Authority of Singapore (MAS), announced the plans at...
Read More »Crypto Payment Firm Strike Enables Bitcoin Purchases for Users Worldwide
Strike initially rolled out the BTC purchase feature for customers in the United States, allowing only users in the country to buy the crypto asset at no cost. Crypto payment company Strike has expanded its global services, allowing users in 36 countries, including El Salvador, Australia, and some African nations, to purchase Bitcoin (BTC) directly on the platform using their debit cards. In a recent announcement, the firm revealed plans to extend these services to over 65 countries in the...
Read More »Bitcoin-Focused Project Taproot Wizards Raises $7.5M to Advance BTC Innovation
Taproot Wizards seeks to bring together developers to build different applications and solutions on top of the Bitcoin Base layer that will maximize the potential of the Taproot upgrade carried out in 2021 To strengthen the innovations in the world of Bitcoin, Taproot Wizards secured new funding to further develop the BTC ecosystem. The successful raise shows increasing momentum and interest in expanding Bitcoin’s capabilities beyond being only a store of value. HOLD ON TO YOUR WIZARD...
Read More »Coinbase Commerce Revolutionizes Onchain Payments with Product Updates
The platform includes a Coinbase Commerce button which allows merchants to easily accept payments for goods, services, and donations. In a groundbreaking move towards enhancing the user experience in onchain payments, Coinbase Commerce has unveiled a comprehensive set of product updates. This development, announced in a recent blog post, is set to address the challenges posed by cryptocurrency volatility, making onchain payments more accessible and seamless for thousands of global...
Read More »EigenLayer Launches Stage 2 Testnet for Validators and Restackers
As part of the Stage 2 testnet launch, operators can now register to the network and commence validation for the first App-Verified State (AVS) – EigenDA. EigenLayer, a leading blockchain protocol, has officially launched the Goerli testnet for EigenDA, signaling a significant advancement in its development journey toward the complete EigenLayer vision. The release of Stage 2 follows the successful introduction of restaking on the mainnet Ethereum in June, which saw a robust response from...
Read More »Flare and Bloxico Collaborate to Launch Blockchain Reputation Scores
The Flare Reputation Score, born out of the collaboration between Flare and Bloxico, stands as a testament to the commitment to transparency, trust, and community empowerment within the blockchain realm. Flare Network, the blockchain for data, has recently unveiled a groundbreaking partnership with Bloxico, a pioneering blockchain technology company to introduce a novel metric, the Flare Reputation Score. The Flare Reputation Score As highlighted in a press release shared with...
Read More »CoinShares Secures Buying Rights to Valkyrie’s Crypto ETFs
This acquisition will prepare CoinShares to position itself in the US markets ahead of the upcoming launch of spot Bitcoin ETFs. Europe-based crypto asset management firm CoinShares has obtained an exclusive option to acquire the ETF unit of Valkyrie Investments. This will help CoinShares strategically position itself in the US market amid expectations of the Securities and Exchange Commission approving a spot bitcoin ETF. The option, valid until March 31, offers CoinShares the...
Read More »Animoca Brands, AWS, and Polygon Labs Unite to Propel Web3 Development
The program’s primary objective is to support aspiring builders by guiding them through the entire life cycle of a Web3 startup. Animoca Brands Corporation Ltd announced earlier today that it has formed a strategic partnership with Amazon Web Services (AWS), and Polygon Labs to support Web3 builders worldwide via the launch of the MoonRealm Express Accelerator. We’re pleased to introduce MoonRealm Express Accelerator, a collaboration with Amazon Web Services (@awscloud and @awsstartups)...
Read More »Solana Fires Back at CertiK, Says Saga Phone Flaw Claims Are ‘Inaccurate’
Solana argues that an attacker would still need the permission of the phone owner to gain entry. Solana has responded to claims by blockchain security firm CertiK that there is a security threat to its Saga phone. In a Wednesday video post on X, CertiK alleged that the holders of the smartphone may be exposed to what is called a “bootloader vulnerability”. According to the firm, this loophole could allow bad actors to create some sort of backdoor access to the phone. In a bid to highlight...
Read More »Paxos to Issue New US Dollar-Backed Stablecoin in Singapore
The in-principle approval granted by the Monetary Authority of Singapore positions Paxos to offer digital payment token services, marking a significant step towards establishing a foothold in the Singaporean market. Blockchain infrastructure firm Paxos has announced plans to issue a US dollar-backed stablecoin for its customers in Singapore. The initiative comes after Paxos reportedly received preliminary approval from the Monetary Authority of Singapore (MAS), paving the way for the...
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