Cryptocurrency
Cryptocurrency
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UK Government abandons plan for "NFT for Britain"
UK PM Rishi Sunak had requested the Royal Mint to develop the NFT as a way to boost the UK's standing in the global crypto-asset technology and investment space
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G7 leaders call for stricter crypto regulations and global standards for digital assets
The G20 group of the world's 20 largest economies announced that the FSB, the IMF, and the BIS are all working to establish standards for digital assets
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Deloitte and Vatom partner to offer immersive experiences for businesses in the Metaverse
The global market size for immersive technology was worth $21.6 billion in 2021 and is projected to reach about $134.18 billion by 2030
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Xapo Bank and Circle Partner to Introduce USDC Payment Rails as SWIFT Alternative
Payment rails are the systems and technology used to aid the transfer of funds between parties in a financial transaction
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US Treasury Division Study Suggests Digital Currency Integration Could Destabilise Banks but Improve Household Welfare
The study argues that profit-maximising issuers in a competitive market might be better suited to outperform digital currencies
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Impact of CBDCs and Crypto on Islamic Banking and Finance: IMF Study
The Islamic financial system makes up less than 2 percent of the global finance industry but operates in 34 countries and is systemically significant in 15 of them
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Manta Network Enables Privacy-Preserving Transactions with Support for NFTs and SBTs
Mantra utilises zero-knowledge proofs (ZKPs) to guarantee the secure and private minting of NFTs and SBTs while maintaining the confidentiality of crypto assets
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Mastercard partners with Australian stablecoin platform Stables to launch digital wallet for stablecoins
The collaboration includes the development of a digital wallet that will come with a payment card that is backed by Mastercard
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Federal Reserve and Central Banks Take Action to Ensure Dollar Flow Amid Banking Crises
The board announced a strategy to strengthen liquidity conditions by utilising "swap lines," which involve two central banks exchanging currencies
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Swiss Authorities Push for Emergency Takeover of Credit Suisse by UBS to Avoid Reputation Damage
The emergency measures would enable the acquisition of Credit Suisse by UBS to take place without needing approval from shareholders
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Venezuela Restructures Crypto Department Amid Corruption Allegations
The government claims that this move is aimed at protecting the people from the harmful impact of economic sanctions and other potential threats