Month: May 2022

Top 30 Panama Bank is ‘Bitcoin friendly,’ welcomes crypto services

Top 30 Panama Bank is ‘Bitcoin friendly,’ welcomes crypto services

Panamanian bank Towerbank opens its doors to Bitcoin and crypto customers in a series of tweets and memes. Panama’s path to crypto adoption is stepping up a gear. Towerbank, a Panamanian financial institution with over 200 employees and 40 years of banking experience, has declared itself Bitcoin (BTC) friendly, paving the way for crypto accounts. In …

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Singapore to Look at Crypto Use Cases With DBS, JPMorgan and Marketnode

Singapore to Look at Crypto Use Cases With DBS, JPMorgan and Marketnode

In the first stage of the project, Singapore’s central bank explore DeFi applications in wholesale funding markets. The Monetary Authority of Singapore (MAS), the republic’s central bank, is starting a pilot program alongside financial heavyweights DBS Bank, JPMorgan (JPM) and Marketnode to explore use cases of digital assets in tokenization and decentralized finance (DeFi). The project will …

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Taiwan is Most Interested in NFTs, Says NFT Club Research

Taiwan is Most Interested in NFTs, Says NFT Club Research

Taiwan is where people are the most interested in non-fungible tokens (NFTs), according to research conducted by NFT Club. The research was conducted by using Google search data, through which NFT Club could identify countries with the most NFT-related searches. In total, Taiwan had 9,629 NFT searches per 1000,000 people, Australia was second with 8,198 …

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Old Fashion Research Launches 0 Million Latam and Emerging Markets Crypto Metaverse Fund

Old Fashion Research Launches $100 Million Latam and Emerging Markets Crypto Metaverse Fund

A VC company founded by former Binance employees, Old Fashion Research, has announced the launch of a new crypto fund in the midst of the current downturn the market is facing. The fund, which will have $100 million at its disposal, will focus resources on metaverse investments and in carrying crypto projects to emerging markets …

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Britain plans new safeguards for stablecoins that go bust in wake of Terra’s collapse

Britain plans new safeguards for stablecoins that go bust in wake of Terra’s collapse

KEY POINTS The U.K. government has proposed amending existing rules to manage the failure of stablecoin firms that may pose a “systemic” risk. It comes after the collapse of terraUSD, a so-called stablecoin that was meant to always be worth $1. Regulators are worried about the risks posed by stablecoins to the broader financial system. …

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The Merge: What’s At Stake For Ethereum In August

The Merge: What’s At Stake For Ethereum In August

Anticipation rises as the Ethereum Foundation prepares for the most important network upgrade in web3 history. The Merge will happen in August, says Buterin Earlier this month, Ethereum co-founder Vitalik Buterin confirmed that the long-awaited transition to Proof of Stake will go down in August, while speaking at ETH Shanghai. If successful, The Merge will make …

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Binance gets approval to operate in Italy, will open office in Milan

Binance gets approval to operate in Italy, will open office in Milan

The cryptocurrency exchange’s Italian branch will become its second European operation after obtaining a license in France. One of the world’s biggest cryptocurrency exchanges, Binance, strengthened its European presence by obtaining registration and regulatory approval in Italy. A Binance company had previously registered to operate in France at the beginning of May. On Friday, the exchange’s official …

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The luna cryptocurrency has been resurrected after its  billion collapse. It’s already crashing

The luna cryptocurrency has been resurrected after its $40 billion collapse. It’s already crashing

KEY POINTS Terra has launched a new version of its failed luna cryptocurrency, which plunged to $0 this month. At its height, the old luna — now known as “luna classic” — had a circulating supply of over $40 billion. The revived luna token is already trading on exchanges. But its price is crashing. A …

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Musk Says SpaceX will Follow Tesla’s Lead in Adding DOGE Payments

Musk Says SpaceX will Follow Tesla’s Lead in Adding DOGE Payments

Tesla CEO Elon Musk tweeted that in the near future his space venture company SpaceX plans to introduce payments with his favourite crypto asset, dogecoin (DOGE). He tweeted: “Tesla merch can be bought with Doge, soon SpaceX merch too” Musk has also previously mentioned that Tesla’s goods will be available for purchase with dogecoin. Historically, Musk’s tweets …

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