The experiment was built on Swift’s earlier successes in connecting Central Bank Digital Currencies (CBDCs) and digital assets with existing and emerging payment systems. The Society for Worldwide Interbank Financial Telecommunication (SWIFT), the global financial messaging network, has unveiled the results of a groundbreaking experiment hindering the widespread adoption of tokenized assets. According to an official announcement on August 31, the company has successfully demonstrated that...
Read More »Binance Phasing Out Support for BUSD Stablecoin by Q1 2024
Binance will delist BUSD as a loanable asset on September 6 and will suspend withdrawals of Binance-pegged BUSD tokens via BNB Chain, Avalanche, Polygon, and Tron on September 7. Renowned crypto exchange Binance has officially announced its decision to discontinue support for its native stablecoin, Binance USD (BUSD), by February 2024. Paxos’ Role in Binance’s Decision The decision to phase out BUSD support is closely tied to developments involving Paxos, the company responsible for...
Read More »Airline Group Lufthansa Launches Polygon-Based NFT Loyalty Program
The rewards program has the potential to bring blockchain technology to more users as Lufthansa Group has about 36 million members in its regular Miles and More loyalty program. Lufthansa Group, the parent company of airlines such as Lufthansa, Austrian Airlines, Swiss International Air Lines, Eurowings, Brussel Airlines and others, has announced the launch of a new NFT-based loyalty program. Eligible customers in the program will receive blockchain-based digital trading cards that they...
Read More »TinyTap Creates AI Features to Revolutionize Educational Game Creation
CoinspeakerTinyTap Creates AI Features to Revolutionize Educational Game Creation As TinyTap looks to the future, the company is gearing up for the second phase of its AI strategy. Set for a 2024 launch, the AI "Practice Anywhere" tools are poised to transform the way children reinforce their learning outside the classroom. TinyTap Creates AI Features to Revolutionize Educational Game Creation
Read More »Robinhood and Jump Trading Part Ways, Leaving Questions Unanswered
CoinspeakerRobinhood and Jump Trading Part Ways, Leaving Questions Unanswered The termination of this partnership occurred without any announcement, and despite efforts from various news outlets, attempts to gather information from sources have yielded limited results. Robinhood and Jump Trading Part Ways, Leaving Questions Unanswered
Read More »Binance Japan Unveils Domestic Expansion Strategy
CoinspeakerBinance Japan Unveils Domestic Expansion Strategy Meanwhile, Binance Japan will also be looking to leverage the country’s revised Payment Services Act. Under the Act, stablecoins backed by legal tender are recognized as an “electronic payment method”. Binance Japan Unveils Domestic Expansion Strategy
Read More »EOS Tokens Approved for Trading on Japanese Exchanges Starting September
CoinspeakerEOS Tokens Approved for Trading on Japanese Exchanges Starting September With a robust operational history and an efficient Ethereum Virtual Machine launched earlier this year in April, EOS has established itself as a trusted platform for developers in the crypto industry. EOS Tokens Approved for Trading on Japanese Exchanges Starting September
Read More »Circle Launches USDC in Chile, Set to Launch Stablecoin on Base Network Soon
CoinspeakerCircle Launches USDC in Chile, Set to Launch Stablecoin on Base Network Soon By integrating the USDC for users in Chile, Circle will be hoping to offer them the stability of the U.S. dollar while also creating diverse payment options for them. Circle Launches USDC in Chile, Set to Launch Stablecoin on Base Network Soon
Read More »Binance Removes P2P Support for Banco de Venezuela
CoinspeakerBinance Removes P2P Support for Banco de Venezuela Binance discontinues support for Venezuela's Banco de Venezuela to avoid sanctions violations, following similar actions with Russian banks. Binance Removes P2P Support for Banco de Venezuela
Read More »Argo Blockchain Reduces Debt to $75M despite Poor Market Conditions
CoinspeakerArgo Blockchain Reduces Debt to $75M despite Poor Market Conditions Despite fears of bankruptcy in late 2022, Argo's 2023 mid-year results show a positive shift. Argo Blockchain Reduces Debt to $75M despite Poor Market Conditions
Read More »