USD1 Stablecoin Skyrockets to Become Seventh-Largest in Just Two Months In the fast-paced world of cryptocurrencies, a new player has emerged as a force to be reckoned with. USD1 stablecoin, a digital asset pegged to the US dollar, has made waves by swiftly climbing the ranks to become the seventh-largest stablecoin in the market, all […]
Bunq bank adds crypto investing to its app
Bunq Bank Revolutionizes the Game by Adding Crypto Investing to Its App In a world where digital banking is becoming increasingly popular, Bunq Bank has taken a bold step forward by integrating cryptocurrency investing into its app. This strategic move comes in response to the growing demand for a seamless banking experience that includes access […]
California updates digital assets bill with new crypto protections
California Strengthens Protections for Digital Assets with Updated Bill California, known for its progressive stance on technology and innovation, has taken a significant step forward in safeguarding digital assets with the recent update to its legislation. The revised bill not only bolsters protections for cryptocurrencies but also imposes restrictions on public officials to prevent conflicts […]
Tether's Ambitious AI Platform Launch in 2025
In an era increasingly defined by rapid technological advancement, the announcement from Tether regarding its plans for launching an AI platform in 2025 captures significant attention. This initiative underscores Tether’s strategic aspirations within the competitive landscape of tech companies integrating artificial intelligence into their operations. Tether is perhaps best known for its pioneering role in […]
### ASX Faces Rising Costs for Australia’s CHESS Upgrade
The Australian Securities Exchange (ASX) is currently grappling with a significant increase in costs associated with its Critical Clearing House (CHESS) upgrade, a long-awaited transition to a modernized platform that promises improved efficiency and security. What was initially projected to cost around A$250 million is now anticipated to balloon to A$320 million, raising concerns among […]
Digital Banks Fuel Profitability Growth in Brazil
Brazil’s banking landscape is undergoing a significant transformation, as digital banks drive impressive profitability growth in 2024. Recent data from the central bank’s Financial Stability Report highlights a remarkable rise in return on equity (ROE) across the sector, particularly among digital lenders. The report indicates that the overall ROE for Brazil’s banking sector climbed to […]
Brazil Opens Second Phase of Drex Digital Currency Pilot
The Central Bank of Brazil has initiated the second phase of its digital currency pilot program, known as Drex, opening up new opportunities for companies to engage with cutting-edge financial technology. Running from October 14 to November 29, this phase is strategically aimed at exploring complex use cases for a tokenized version of the Brazilian […]