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Tag Archives: News

Hong Kong Launches Sandbox for Project Ensemble to Advance CBDC and Tokenization

Hong Kong has introduced a sandbox for Project Ensemble, a wholesale central bank digital currency (CBDC) project. This initiative brings the region closer to integrating tokenization within its traditional financial industry. Wholesale CBDCs are designed for use by financial institutions, unlike retail CBDCs, which are meant for the general public’s everyday transactions. Wholesale CBDCs focus on interbank settlements and large-value payments. The sandbox is launched by the Hong Kong...

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Crypto.com Expands Global Services Partners with Standard Chartered in Dubai

Crypto.com is expanding globally through Retail Services, debuting in the UAE. The collaboration with Standard Chartered provides security and regulatory compliance. Crypto.com, the leading Singapore-based cryptocurrency exchange, announced new global retail services that will enhance crypto transactions for millions of users in over 90 countries. Starting next month, the services will be functioned through Crypto.com’s regional center in Dubai, with backing from Standard Chartered and...

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Maker Rebrands to Sky, Replaces DAI With USDS Causing Worry Over Freeze Function

Household DeFi protocol Maker replaced its decentralized DAI stablecoin with centralized USDS as it rebranded to Sky. Users are not happy. DeFi lending protocol, Maker, came out of its rebranding efforts as Sky. With that, Maker’s stablecoin, DAI—the largest decentralized stablecoin in the crypto ecosystem—was replaced by the new USDS. Maker’s MKR governance token also saw an upgrade as the rebranding ushered in the SKY governance token. Sky’s team suggested the rebranding will help take this...

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CreditCoin Debuts EVM-Compatible Mainnet and CreditWallet App for Users

Creditcoin’s EVM compatibility facilitates smooth multi-chain interactions and lower costs. The CreditWallet app makes digital asset management easy by adding safety features. Creditcoin, the leading L1 blockchain platform, has launched its EVM-compatible mainnet, marking a huge step toward expanding global financial inclusion with advanced blockchain technology. Along with this upgrade, Creditcoin introduces CreditWallet, a mobile wallet device intended to increase user engagement in the...

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