Tether plans to launch dirham stablecoin with UAE partners
Tether teams up with UAE’s Phoenix Group PLC and Green Acorn Investments to launch a Dirham-backed stablecoin, enhancing international trade and remittances.
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Upbit Crypto Exchange Operator to Open Singapore-Based Crypto Exchange Next Month
Kakao-affiliate Dunamu, the operator of major South Korean crypto exchange Upbit, plans to open a Singapore-based exchange next month, local news outlet Yonhap News reports September 19.According to Yonhap, Dunamu already set up a branch in Singapore this February as part of its active push to expand across the Asian market. While the exact date…
Crypto is a ‘Poor Form of Money’ for Terrorists, Congressional Hearing Concludes
The U.S. Congress Subcommittee on Terrorism and Illicit Finance has discussed various methods of terrorism financing with cryptocurrency, according to an official press release on the U.S. House of Representatives Financial Services Committee September 7.In order to monitor threats and methods of terrorist financing, the hearing considered major means of transferring funds by terrorists, including…
New Research: Energy DLT Apps’ CAGR to Surge 67% Over the Next Decade
Energy blockchain applications are expected to see a 67% compound annual growth rate (CAGR) over the next ten years, according to new research.Annual market size to reach $7.7 billion in 2028Navigant Research, Colorado-based market research and consulting team, has released a report devoted to the development of blockchain applications in the energy industry on Oct.…
Oxfam Trials Aid Distribution With DAI, Future Use ‘Highly Likely’
Throughout May 2019, United Kingdom-based nonprofit organization Oxfam International executed a month-long trial that saw MakerDAO’s DAI stablecoin distributed as a means of exchange among citizens of Vanuatu. The Oxfam initiative, named UnBlocked Cash, was conducted in partnership with MakerDAO, ConsenSys and Australian tech startup Sempo. The Australian government also supported the program.Tsunamis, cyclones and…
Europe’s New ‘Seed-to-Shelf’ Cannabidiol Blockchain Tracking Tool
The Cannabinoid Association of the Netherlands has unveiled a blockchain-based CBD tracker for customers to trace a product’s journey from seed-to-sale. 855 Total views 15 Total shares Cannabidiol users concerned about the quality of their product in the EU can now trace the plant’s journey from when it was first planted in the fields to…
What the fork? Ethereum’s potential forked ETHW token is trading under $100
An Ethereum fork token that does not yet exist, dubbed ETHW, is trading under $100 across several crypto exchanges after debuting at $30. ETHW and ETHS begin trading ETHW is the native asset to the ETHPoW chain. ETHPoW, for now, is a possible new chain backed by proof-of-work (PoW) miners as the original chain switches to proof-of-stake…
SOL price trending toward yearly low as Solana TVL drops $870M in three days
Solana (SOL) tumbled on June 16 amid a broader retreat across the top cryptocurrencies, led by the Federal Reserve's 0.75% interest rate hike a day before.Solana price rebound fizzlesNotably, SOL/USD plunged nearly 17% to $30 a token, wiping almost all the gains from June 15. The SOL price volatility liquidated almost $10 million worth of…
US House financial committee tells SEC they don’t like custody proposal
The letter criticizes the proposed rule for its impact on the banking industry, particularly in ways that would be disadvantageous to the digital asset industry. 84 Total views 1 Total shares The chair of the United States House of Representatives Financial Services Committee and six subcommittee chairs have sent a letter to U.S. Securities and…