On Tuesday, the Central Bank of India declared that a retail digital rupee (e-R) experiment would begin on December 1. Moreover, it will include 4 banks in 4 locations, a month after reviewing the wholesale central bank digital currency (CBDC). RBI announces the launch of the first pilot for retail digital Rupee (e₹-R) on December 1. The e₹-R would be …
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While the loss of FTX has rocked the crypto industry to its core, conventional financial institutions like Banks are venturing into the realm of digital money. On Tuesday, a coalition of financial institutions, including Wells Fargo, HBSC, and Mastercard, announced the creation of the Regulated Liability Network (RLN), a proof-of-concept virtual money network. According to the consortium, the platform would …
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In a recent development, Binance has publicly confirmed that it would no longer pursue the FTX takeover. This follows the Binance team’s due diligence on the internal operations of the debt-ridden FTX exchange, as well as allegations of user money mishandling and purported investigations by US authorities. As a result of corporate due diligence, as well as the latest news …
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Binance Holding Ltd. CEO Changpeng Zhao shared his views on the situation of crypto in India on a panel at a Fintech Conference in Singapore on Thursday. He says, “India has high taxes, which is going to destroy the business.” Zhao is referring to the declaration of 30% capital gains tax on all cryptocurrency trading earnings in the Union Budget …
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Hong Kong is developing a softer approach toward cryptocurrencies and is actively attempting to authorize retail crypto trading. The city has embraced cryptocurrency to maintain its position as one of the world’s leading financial centers. Bloomberg reported that the city plans to start a licensing mechanism for any interested crypto companies in March. According to sources, the license authorizes these …
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UniLend Finance has released a new update on 15th October for its much-anticipated Version 2 of their DApp, following on their mission to “Make every Digital Asset Productive”. The announcement was greeted with enthusiasm by their community and everyone is waiting to see how V2 brings a never seen before experience for users in the DeFi space. UniLend is a …
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A consortium of seven Malaysian institutions has announced the inaugural cohort of Women In Blockchain Asia’s (WIBA) women-centric blockchain programming course. Happening now!#m1nted#wiba@poesyliang pic.twitter.com/WQmdvf3lkH — Women In Blockchain Asia (@WIBA_official) August 27, 2022 Among the participating universities are Universiti Sains Malaysia, Asia Pacific University, Universiti Malaysia Sabah, Universiti Malaysia Kelantan, Raffles College of Higher Education, and Universiti Teknologi Malaysia. WIBA …
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Share5 As the AVAX price has been trending upward for almost two months, it is showing signs of stalling. It follows the recent drop in Bitcoin’s price, which caused several altcoins to suffer. The price of AVAX is about to plummet Between June 19 and August 8, the price of AVAX increased by 126%. As a result of this significant …
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As the CEO of Tesla and the world’s richest man, Elon Musk is a well-known supporter of Dogecoin, but he recently claimed during a podcast interview that Dogecoin’s blockchain has a much higher transaction capacity than Bitcoin’s. SpaceX is going to put a literal Dogecoin on the literal moon — Elon Musk (@elonmusk) April 1, 2021 Other big businesses, including …
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A new piece of legislation that would establish the post of a blockchain adviser to the US government has blockchain aficionados excited. The CHIPS and Science Act, as it is known in Congress, passed by a vote of 243-147 on Thursday. All that remains is President Joe Biden’s signature, with analysts believing that the following step will be a formality. …
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