Decentralization is the final frontier for CBDCs
Decentralized CBDCs will most likely pique the interest of the masses much more than their centralized counterparts. Go to Source Powered by WPeMatico
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OCC Grants Crypto Firm Paxos ‘Conditional Approval’ for US Bank Charter
The digital currency and stablecoin issuer Paxos has been granted conditional approval for a bank charter under the Paxos National Trust in New York. The U.S. Office of the Comptroller of the Currency issued a preliminary conditional approval which means the regulating entity still has to authorize the firm’s future banking plans. Paxos Granted Preliminary … Read more
Tether gets Coinbase’s seal of approval, will list on pro offering
Coinbase seems to be signaling that the Nasdaq-listed crypto exchange is not concerned about the stablecoin’s regulatory issues. Go to Source Powered by WPeMatico
Ampleforth launches FORTH governance token as adoption grows
The FORTH governance token will give community members the ability to propose and vote on changes to the Ampleforth protocol. Go to Source Powered by WPeMatico
DMCC strikes deal to build blockchain-based precious metals refinery in Dubai
The precious metals refined on the site will be tokenized and traded on the DMCC Gold Exchange platform. Go to Source Powered by WPeMatico
Facebook-backed Diem Association reportedly to launch stablecoin pilot in 2021
An anonymous source has told reporters that the first Diem pilot will focus on transactions between individual consumers. Go to Source Powered by WPeMatico
China Calls Bitcoin and Stablecoins ‘Investment Alternatives’ for the First Time Since Crypto Crackdown
After the well-known crypto crackdown launched by the Chinese government four years ago, it seems there is now a change in the tone from the country’s central bank. At least that’s what has been suggested recently by the deputy governor of the People’s Bank of China (PBoC). Central Bank Clarifies Its Regulatory Framework on Cryptos … Read more
Kenyan Fintech Startup to Use Stablecoins to Transfer Universal Basic Income Payments to African Refugees
Kotani Pay, a Kenya based digital currency on and off-ramp service provider, has entered into an agreement wherein it will enable the transfer of universal basic income (UBI) payments to African refugees. Working in conjunction with the Refugee Integration Organisation (RIO) and Impact Market, the fintech start-up, which uses the Celo blockchain, will use its … Read more
Shift toward full decentralization pushes Maker (MKR) price above $4K
Maker price rallies to a new all-time high as the MakerDAO community makes preparations to become fully decentralized. Go to Source Powered by WPeMatico
Binance launches tradable stock tokens in Tesla
As distinct from traditional shares, a stock token can be fractionalized into smaller, more affordable units, meaning that more users can potentially benefit from capital returns on equities. Go to Source Powered by WPeMatico