Drex Brazilian CBDC pilot will work on privacy, DeFi in phase 2
The Brazilian central bank has 13 participants for phase 2 so far, and it is willing to take on an unlimited number.
Related Posts
One Million UEFA Tickets to Be Distributed Via Blockchain in 2020
Soccer fans in Europe will join the ranks of early blockchain adopters thanks to a new initiative by the Union of European Football Associations (UEFA).According to a Feb. 17 announcement, UEFA will distribute over one million soccer match tickets via a blockchain-enabled mobile application. The organization claims that this new ticketing system will make “entry…
3AC cooks up a storm, Bitcoin miner surges 360%, Bruce Lee NFTs dive: Asia Express
Our weekly roundup of news from East Asia curates the industry’s most important developments. Three Arrows Capital (3AC), a once-bourgeoning Singaporean hedge fund worth an estimated $10 billion at its peak, was utterly obliterated by the bear market last year. However, the carnival it has created since the initial blowup still lives on, and its…
HK police arrest 4, including teen, in HK$11M crypto fraud
The authorities continue to urge the public to remain cautious and verify the legitimacy of financial transactions to avoid falling victim to such elaborate scams.
Korea’s Biggest Entertainment Company to Launch Its Own Cryptocurrency
Korean pop music giant SM Entertainment revealed plans to build its own cryptocurrency and blockchain in partnership with tech organization CTIA Labs.CT-AI Labs CEO Sang-Sik Joo announced the initiative at the developer conference of South Korean crypto exchange UpBit, local IT news outlet ITChosun reported on Sept. 4.Joo noted that they are currently discussing the…
Time to switch from LinkedIn to MetaMask? Not yet, but soon
The function of crypto wallets has changed significantly over the last few years. They initially secured token holdings or served as art galleries with nonfungible tokens (NFTs). Today, they’ve become like bank accounts for many, and soon, they will offer even more functionality by enabling digital curriculum vitae (CVs).In a May 2022 paper, Ethereum co-founder…
SEC loses a battle to win the war? Ripple dissociates from pumping XRP
When the United States Securities and Exchange Commission filed legal action against Ripple Labs and its top-two executives in December, alleging that its XRP coin was in fact a security and that the firm had raised over $1.38 billion through an unregistered securities offering in 2013, many wondered if XRP would even survive. Some exchanges delisted…
How NFTs can boost fan engagement in the sports industry
Nonfungible tokens (NFTs) have grown a lot in popularity since the release of CryptoKitties in 2017, with the sector expected to move over $800 billion in the next two years. Some of the most well-known use cases for NFTs are picture-for-proof projects such as the Bored Ape Yacht Club and play-to-earn gaming projects. NFTs have also…
Kenya’s golf stablecoin highlights need for Africa-wide regulations
A stablecoin that will be used to pay entrance fees for the golfing tournaments of a Kenyan 'entrepreneurs network’ has started testing under the local regulatory sandbox. 1335 Total views 7 Total shares YENTS, an unusual stablecoin developed by the Kenya’s Young Entrepreneurs Network (YEN), has entered into testing under the local regulatory sandbox.YEN, which…