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SWIFT reveals its blueprint for a global CBDC network
SWIFT lays out its blueprint for a global central bank digital currency (CBDC) network following an 8-month trial with different technologies and currencies. Read more…
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China completes cross-border trial of its digital currency
The Bank for International Settlements says it has completed a CBDC trial focused on cross-border transactions between China, Hong Kong, Thailand and the UAE. Read more…
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Ethereum Merge leaves miners stuck with $10b of useless gear
Crypto miners rendered homeless by the Ethereum ‘Merge’ find themselves saddled with around $10 billion of equipment now looking for something to do. Read more…
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Financial inclusion has a big transparency problem
The majority of financial institutions say they’re keen on financial inclusion, but lack of transparency is preventing the unbanked from being included. Read more…
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Ethereum is now way more power-efficient after Merge upgrade
The Ethereum blockchain has undergone a major software upgrade called “Merge”, drastically reducing its energy usage by 99.95%. Read more…
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South Korea seeks to arrest Luna/Terra developer Do Kwon
A South Korean court has issued an arrest warrant for Do Kwon, the primary developer of failed cryptocurrencies Luna and TerraUSD. Read more…
Views
Is public opinion on digital cash really worth listening to?
Asking the public for their opinions about crypto and digital cash is like asking people in the days of bulletin boards what they want from social media. Read more…
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No, Bitcoin isn’t dead – it’s just boring now
Bitcoin has been called lots of things. Buzzy, beguiling, baffling, even bogus. But never boring. Until now. And that’s opening the door to its archrival ether. Read more…
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Grab/SingTel’s GXS launches Singapore’s first digital bank
GXS Bank, the digital bank joint venture of ride-hailing firm Grab and SingTel, launched Singapore’s first digital bank on Wednesday for the retail market. Read more…
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Hong Kong fintech firms plunge after stellar rise
Hong Kong-based fintech firms AMTD Digital, Magic Empire Global and Top Financial Group tumbled on Tuesday after a meteoric rally this month. Read more…
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Crypto exchanges in India getting clobbered by new crypto tax
India’s new cryptocurrency tax has dealt a heavy blow to the country’s crypto exchanges, sending trading volumes plunging by up to 90%. Read more…
Views
Crypto and blockchain investment questions require complex answers
People want simple answers when they ask about investing in decentralization, Web3, blockchain and crypto. But simple answers are dangerous. Read more…
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India in talks with 30 countries to adopt UPI, a few MoUs already signed
India says it has initiated talks with 30 countries to export its UPI, with three countries having already signed MoUs. Read more…
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The NFT party isn’t over, but it may be moving to a new venue
The NFT market was the star of 2021. Six months into 2022, it’s looking ugly. But true believers think NFTs have a future somewhere. Read more…
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Voyager Digital is the latest crypto lender to suspend transactions
Voyager Digital suspends withdrawals, trading and deposits to its platform, says it’s exploring alternatives to preserve the platform’s value. Read more…
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Volt Bank is the latest neobank to go under Down Under
Volt Bank, the first exclusively online bank to get an Australian banking licence, will return deposits and sell its mortgage book. Read more…
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Bitcoin miners are selling out while crypto is still worth something
Bitcoin miners are tapping into their crypto stashes as a plunge in prices, rising energy costs and more competition bite into profits. Read more…
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Singapore welcomes crypto but will come down hard on ‘bad behavior’
The Monetary Authority of Singapore (MAS) tells crypto players: you’re welcome here, but don’t try any funny business. Read more…
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Singapore opening up to crypto with first three licenses approved
The Monetary Authority of Singapore (MAS) has issued three in-principle approvals for digital payment token (DPT) licenses, which allow companies to offer crypto services Read more…
Views
Digital finance vision meets hard reality – now what?
The vision and the reality of digital finance are still very different. The paradigm shift is still coming but we need a realistic approach. Read more…