Kazakhstan pays for rail line to China using programmable CBDC
The second phase of the Kazakhstan central bank digital currency pilot focused on control of its many potential uses.
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WeWork to accept crypto payments and hold them on its balance sheet
The coworking firm is the latest to see crypto as a suitable asset for its corporate treasury. 1612 Total views 13 Total shares Coworking space giant WeWork is the latest company to announce plans to hold cryptocurrencies on its balance sheet.The SoftBank-owned commercial real estate firm announced its plans via a statement on Tuesday. WeWork’s crypto…
Crypto Biz: Crypto fever hits wealth managers
This week’s Crypto Biz explores the launch of new crypto ETFs, CleanSpark’s acquisition of new mining sites, another round of conflict between Bitfarms and Riot, and more.
El Salvador’s central bank accepts Qredo’s registration to provide crypto services
Registered Bitcoin service providers in El Salvador include Chivo, the firm behind the state-issued crypto wallets and kiosks, Paxos Trust Company, Paxful, and OpenNode. 99 Total views 19 Total shares Decentralized finance firm Qredo has received approval for registration as a Bitcoin (BTC) service provider in El Salvador.In a Wednesday announcement, Qredo said the Central…
Facebook’s Libra Backers Fear It Could Taint Their Image Among Regulators
Visa, Mastercard, PayPal and Stripe are unsure whether they wish to become paid-up participants in Facebook’s Libra digital currency.As Bloomberg reported on Oct. 2 citing “people familiar with the matter,” the four payment giants have reservations about the plans. Sources: Facebook “oversold” regulator supportThe companies formed part of the cohort which originally said they wished to…
Report: Samsung Planning New Blockchain Mainnet Featuring Samsung Coin
South Korean electronics giant Samsung may end up developing a public-private blockchain complete with its own cryptocurrency token, an anonymous source told crypto industry news outlet CoinDesk Korea on April 24.The project, part of an undertaking by the company’s dedicated blockchain division, would see a blockchain mainnet appear based on Ethereum (ETH), along with a…
Blockchain Firm Algorand Raises $60 Million in New Token Sale
Blockchain company Algorand has raised over $60 million in a token sale on financial services platform CoinList, technology-focused news outlet The Block reported on June 19.The Algorand Foundation — a firm that implements an open source public ledger and cryptocurrency payment system utilizing the Byzantine Agreement message-passing protocol — has reportedly raised $60 million in…
IMF leader on digital payments for skilled trades workers
The IMF's managing director lays out four pillars for the future of digital money as it relates to artisans. 1866 Total views 12 Total shares The continuing transition to digital finance is likely to affect sectors across the board. Artisans, or skilled craftsmen and women, are no exception. According to Kristalina Georgieva, managing director for…
Mt. Gox still has 90,000 Bitcoin, valued at roughly $6 billion
The infamous collapse of the Mt. Gox exchange occurred in 2014, and creditors have been waiting for reimbursement for over a decade.