Hong Kong Eyes Over 40 Firms for Stablecoin Licences As the world of cryptocurrency continues to expand and evolve, regulatory bodies are scrambling to keep up with the pace. Hong Kong, known for its robust financial sector, is now at the forefront of regulating stablecoins, with over 40 firms vying for licenses in this space. […]
Hackers steal $180M in Brazil’s biggest bank breach
The Rise of Cybercrime: Hackers Steal $180M in Brazil’s Biggest Bank Breach In a digital age where financial transactions are predominantly conducted online, the threat of cybercrime looms larger than ever. Recently, Brazil faced its biggest bank breach to date, with hackers making away with a staggering $180 million. The authorities are now in a […]
The Art Basel Vibe Shift
The Art Basel Vibe Shift Art Basel, one of the most prestigious art fairs in the world, has long been a barometer of the art market’s health and trends. This year, however, the event showcased a noticeable shift in its vibe. While sales were uneven, there was a palpable sense of optimism fueled by the […]
Crypto adoption grows among Koreans aged 20 to 50 with Bitcoin leading the way
Bitcoin Leads the Way as Crypto Adoption Grows Among Koreans Aged 20 to 50 Cryptocurrency, once considered a niche interest for tech-savvy individuals, is now making its way into the mainstream financial landscape in South Korea. With Bitcoin leading the charge, a growing number of Koreans aged 20 to 50 are turning to digital assets […]
Major South Korean banks plan won-based stablecoin
Major South Korean Banks Poised to Introduce Won-Based Stablecoin In a groundbreaking move set to revolutionize the financial landscape of South Korea, major banks in the country are gearing up to launch a won-based stablecoin by the year 2026. This joint initiative holds the potential to significantly transform the way payments are made, remittances are […]
Japan plans crypto reclassification and ETF access
Japan’s Strategic Move: Crypto Reclassification and ETF Access Japan, known for its technological advancements and progressive approach towards cryptocurrencies, is making headlines once again with its latest proposal by the Financial Services Agency (FSA). The new FSA proposal aims to reclassify cryptocurrencies to attract both retail and institutional investors by reducing capital gains taxes and […]
Advancing digital identity in Africa while safeguarding sovereignty
Advancing Digital Identity in Africa: Striking a Balance Between Innovation and Sovereignty In the digital age, the concept of identity has taken on new dimensions, particularly in Africa where technological advancements are rapidly reshaping traditional norms. As nations across the continent embrace digital transformation, the issue of digital identity has come to the forefront, presenting […]
Visa and Yellow Card launch new digital dollar system
Visa and Yellow Card Launch New Digital Dollar System Visa, a global payment technology company, has teamed up with Yellow Card to introduce a cutting-edge digital dollar system that aims to revolutionize cross-border payments, particularly in African markets. This innovative stablecoin infrastructure is set to tackle the longstanding issues of high fees and delays that […]
China pushes global use of digital yuan
China Pushes Global Use of Digital Yuan In a bold move to reshape the landscape of global finance, Beijing is actively promoting the adoption of the digital yuan on an international scale. With a clear strategic vision in mind, China aims to establish a multipolar currency model that would lessen the world’s reliance on traditional […]
JPMorgan moves deeper into crypto with new JPMD trademark
JPMorgan Pushing Further into Blockchain with JPMD Trademark and Kinexys Developments In a surprising turn of events, JPMorgan, despite CEO Jamie Dimon’s well-known skepticism towards cryptocurrencies, is making bold strides into the world of blockchain technology. The banking giant recently made headlines with the announcement of its new JPMD trademark and Kinexys developments, signaling a […]