Well-known global financial messaging service, SWIFT, is set to test a Central Bank of Digital Currency (CBDC) by interconnecting multiple CBDC networks to execute cross-border payments.
Category Archives: Blog
In the midst of the Terra disaster, Do Kwon, the company’s founder, is being investigated by South Korean authorities for possible tax evasion and has responded in a Twitter thread that his firm will cooperate with the probe and that Terraform Labs has no outstanding tax liabilities in Korea.
The Twitter account of non-fungible token (NFT) artist Mike Winkelmann, widely known as Beeple, was briefly hacked on May 22 and used to promote a couple of phishing scams to drain over $438,000 (roughly Rs. 3.4 crore) from victims.
Swiss luxury watchmaker Tag Heuer has decided to sell its high-end watches for payments in cryptocurrencies. Watches costing as high as $10,000 will be eligible for purchase via cryptocurrencies. Earlier this month, luxury fashion house Gucci started accepting crypto payments in the US
Bitcoin moved beyond the $30,000 (roughly Rs. 23.5 lakh) mark on Sunday, but the largest cryptocurrency is still behind by roughly 4 percent in order to put an end to the record-breaking bearish streak on a week-on-week scale.
OpenSea NFT marketplace has launched a similar website, but in a decentralised format. The platform will let buyers and sellers get into smart contracts, in order to make transactions safer, surer, and more transparent. OpenSea will not be controlling this new decentralised marketplace. The platform has called out to smart contract makers to optimise, simplify,…
India must establish rules on cryptocurrencies to resolve regulatory uncertainty, protect investors, and boost its crypto sector, says CoinSwitch CEO Ashish Singhal on Sunday.
Kristalina Georgieva, the managing director of the International Monetary Fund (IMF) has asked crypto investors to not abandon virtual assets after Terra’s recent downfall. While calling out global lawmakers to regulate cryptocurrencies, she asked investors to fund stablecoins backed by reserve assets. Georgieva has also emphasised on imparting knowledge around cryp…
GameStop’s self-custodial Ethereum wallet extension, which can be downloaded from the Chrome Web Store, will allow customers to store, send, receive, and use crypto and NFTs across decentralised apps without having to leave their web browsers.
French high end fashion brand Balenciaga has decided to make crypto payments live in its US-based flagship stores starting this June. The brand says it is unfazed by the market volatility that the crypto sector is often called out for. Balenciaga, on the other hand, is looking to expand its payment alternatives in order to…