Singapore Authorities Collaborate With Banks To Explore DeFi

On Tuesday, Singapore’s deputy prime minister, Heng Swee Keat, told newsmen that the country is launching “project guardian.” The project will involve the launch of DeFi use cases. It would also seek to tokenize financial assets. Under this initiative, Singapore’s monetary authority (MAS) will partner with leading financial institutions and virtual asset providers. There will … Read more

Stablecoin Remittances Are The Future Of Finance- MoneyGram CEO

With crypto adoption growing globally across all sectors, most top firms don’t want to be left out of the trend. Many of them are starting to include digital assets in their operations. MoneyGram International is the latest company to start offering crypto-related services. According to a Bloomberg report, the money transfer service firm is now … Read more

Despite Its Market Cap Dip, Tether’s USDT Launches On Polygon

USDT issuers, Tether, are launching their popular stablecoin on the Polygon network. Tether Expands Across The Crypto Space Tether keeps expanding across other networks amidst growing worries over the stablecoin market. Tether’s stablecoin (USDT) is now on the Polygon network. The launch will likely boost the value of the USDT stablecoin. USDT has shed more … Read more

Digital Assets Are A Better Asset Class Than Real Estate – JPMorgan

Analysts at the leading US investment bank, JPMorgan, have concluded that real estate is no longer a good alternative investment. Instead, digital assets and hedge funds are now the better alternatives. In the report sent to investors, JPMorgan’s lead strategist, Nikolaos Panigirtzouglou, further said that BTC’s current value is still 30% off its actual value. … Read more

CoinGecko And Etherscan Issue A Warning Regarding Ongoing Phishing Attacks

CoinGecko and Etherscan, well-known venues for crypto analytics, have simultaneously released alerts confronting the continuous phishing assaults targeting them. The companies started investigating the assault after several consumers reported unfamiliar MetaMask pop-ups by which they were requested to get their wallets linked to the website. Having the data provided on the behalf of the analytics … Read more

Central Bank Of Chile Says It Requires More Time To Explore CBDCs

Even at this time, Chile is contemplating whether to step ahead with a CBDC (central bank digital currency), notwithstanding the formerly revealed strategy regarding a proposal’s preparation in the earlier phase of this year. On 11th May, the central bank of Chile stated that it requires some extra time to be sure regarding the issuance … Read more

RCD Espanyol Is Likely To Begin Accepting Cryptocurrency Payments

A collaboration has been carried out with Crypto Snack on the behalf of RCD Espanyol to be turned into the earliest team from La Liga offering the fans the chance to use crypto to purchase tickets. The fans of the Catalonia-based proficient soccer team will be permitted to buy game tickets, beverages, food, and merchandise … Read more

I Am Still Receiving My Salary In Bitcoin – Francis Suarez

Vocal BTC advocate and Miami Mayor, Francis Suarez, has disclosed that he is still receiving his salary in the leading digital asset. But he clarified that he has other income sources with which he receives his payments in fiat. BTC Crash Isn’t Stopping Suarez From Receiving His Salary In Bitcoin The crypto market is still … Read more

The Equities Market Is The Cause Of BTC’s Poor Performance – Report

Even though BTC trading occurs round the clock, it usually makes its best bullish moves during weekends. Also, during weekends, it rarely makes any unusual moves during the US stock market operating hours on weekdays. BIG’s Observations About BTC Price Movement However, Bespoke Investment Group (BIG) data suggests BTC’s volatility is often different within the … Read more

Dubai Has Approved Calvin Cheng’s Proposal For A VASP License

Through his Web3 firm (FZE), Calvin Cheng will invest in projects that enable the integration of fashion, media, and entertainment into crypto. Dubai virtual asset regulatory authority (VARA) approved a provisional VASP license for Cheng’s FZE. VARA is the first regulator for digital assets globally. VARA is key to Dubai’s move towards accomplishing an economy … Read more