Gemini, the US-based exchange of the Winklevoss Twins, has announced its plan to establish a center in Singapore as part of its future expansion into the Asian market. The move comes as the company seeks to capitalize on the growth potential of cryptocurrencies in the Asia-Pacific (APAC) region, where interest and adoption of digital assets continue to rise. Gemini announced
The world economy has been rapidly evolving over the past decade due to technological advancements. Companies and businesses understand that it is important to stay updated with digital trends in order to remain competitive and meet the changing demands of consumers. One of the latest trends taking the world by storm is Web3, a new generation of technology that is
The growth of cryptocurrency in the finance industry has been a blessing in recent years. The emergence of blockchain technology, in particular, has been a game-changer for various industries, including the exciting world of sports. This ground-breaking payment mechanism has the potential to change the sports business once it gains traction and widespread adoption by sports fans and players alike.
The crypto market has seen a lot of ups and downs throughout the years, but one thing has remained constant: the rise of the blockchain and cryptocurrency industry. Despite its volatility, the allure of this technology continues to attract investors towards it, especially venture capitalists. The year 2023 has seen a massive surge in crypto venture capital investments globally, especially
France may be the next country to embrace crypto-powered commerce as a French real estate firm has signed a partnership deal with mobile crypto payment provider, Lyzi. The deal involves allowing customers to pay with cryptocurrency at all of the company’s shopping malls, incentivizing customers to use crypto via loyalty points and “cashback”-type bonuses. Apsys enables cryptocurrency payments at shopping
Decentralized finance, or DeFi, has taken the blockchain and cryptocurrency world by storm in recent years. Unlike centralized finance, or CeFi, which relies on a centralized authority to regulate and validate financial transactions, DeFi operates on a decentralized network and does not require intermediaries to execute transactions. As a result, DeFi has emerged as a promising alternative to traditional financial
Bitcoin has been a topic of discussion for over a decade since its inception in 2009. It is a decentralized digital currency that provides individuals and businesses with an alternative option for financial transactions. Its underlying technology, called blockchain, offers a secure and transparent way of recording and verifying transactions. Yet, despite its many advantages over traditional fiat currencies, Bitcoin’s
As governments and central banks continue to explore and plan the implementation of Central Bank Digital Currencies (CBDCs), the importance of exploring their functionality and security is becoming increasingly crucial. Project Rosalind, directed by the BIS Innovation Hub London Centre, is an initiative designed to test how Application Programming Interfaces (APIs) can facilitate retail payments in CBDCs. The ultimate aim
Blockchain technology and cryptocurrencies have been gaining mainstream attention over the past few years, with many entrepreneurs and investors seeing them as the future of finance and technology. However, there are differing opinions about the potential of this technology. Billionaire celebrity investor Mark Cuban thinks that a majority of digital assets will fail, while others like Richard Stark claim that
In a major milestone for the adoption of blockchain technology in the financial sector, Bank of China’s investment arm BOCI has issued $28 million worth of digital structured notes using the Ethereum blockchain network. This makes the bank the first Chinese institution to issue this type of tokenized security in Hong Kong, indicating a significant shift towards blockchain technology. UBS
The US House Financial Services Committee Chair, Patrick T. McHenry, recently announced plans to hold a vote on a bill that would regulate digital assets by mid-July. The bill, named the Digital Asset Market Structure Discussion Draft, would classify cryptocurrencies as either a security or a commodity and regulate exchanges, among other measures. This move could potentially impact the entire
In a recent move, Hong Kong legislator Johnny Ng encouraged Coinbase and other global cryptocurrency exchanges to establish a foothold in the region. This comes at a time when the crypto industry has faced uncertainty and setbacks due to regulatory issues in other parts of the world. Background on Johnny Ng Ng’s background in technology and entrepreneurship has helped him
