The recent partnership between Web3 gaming platform Moxy and blockchain firm Skale Labs is poised to create a revolutionary gasless transaction ecosystem for gamers. Central to this collaboration is the migration of Moxy’s WMOXY token from the Ethereum blockchain to the SKALE Protocol, a layer-2 Ethereum blockchain known for its high-speed infrastructure. The primary goal is to eliminate gas fees
VanEck has recently announced its decision to shutter the Ethereum Strategy ETF (EFUT), a futures-based Ethereum exchange-traded fund, due to insufficient investor demand. The closure is scheduled to take place on September 16, with the liquidation and return of assets completing by September 23. According to the announcement, various factors contributed to this decision, including the product’s performance, liquidity, assets
The confluence of artificial intelligence (AI) and automated systems has opened new frontiers in various industries, including music. Yet, the case of Michael Smith, a man who exploited these technologies for fraudulent gain, has shocked the music world. Smith’s sophisticated scheme, which leveraged AI-generated music and bots to rake in $10 million in royalties, serves as a cautionary tale for
In an exciting development for Saudi Arabia’s financial landscape, Barq, a burgeoning FinTech startup, has announced a strategic partnership with Mastercard, a global titan in the financial services industry. This alliance promises to bring a wave of innovative solutions and security enhancements to the payment ecosystem in the Kingdom, marking a significant step toward the modernization of financial services. Driving
The implementation of Avaloq’s cutting-edge digital asset platform at Zürcher Kantonalbank (ZKB), one of Switzerland’s leading banking institutions, marks a significant step towards embracing digital innovation in the financial sector. In collaboration with Fireblocks, this development is not just a response to the increasing market demand for trading and securing digital assets; it also underscores the broader trend of traditional
The landscape of the financial services industry is being transformed by embedded payments, a trend that holds significant promise for advancing financial inclusion globally. This report delves into the current state of the industry, examining emerging trends, analyzing data, and offering forecasts on the future of embedded payments and their role in promoting financial inclusion. Current State of the Industry
The landscape of the video game and esports industries is undergoing a monumental shift. Driven by the rapid adoption of mobile payments, particularly SMS payments, this change is redefining how gamers and developers engage with content and handle transactions. As mobile payment technology continues to evolve, its influence permeates every aspect of the gaming world, from purchasing in-game items to
The financial landscape in Canada is ripe for transformation, especially within the B2B payments sector. Paystand, an innovative company specializing in blockchain-enabled B2B payments, is set to revolutionize this space with its zero-fee payment network. Expanding its platform to fully serve Canadian businesses, the implications are vast—from improved cash flows to reduced transaction fees. Expansion of Paystand’s Services in Canada
Mastercard, a global leader in financial services, has announced a strategic partnership with Barq, a notable Saudi Arabian fintech startup. This collaboration marks a significant milestone in the journey toward modernizing digital payments in the Kingdom of Saudi Arabia, employing Mastercard’s advanced Gateway technology. By leveraging such sophisticated technology, this initiative aims to provide faster and more secure payment solutions,
Visa has launched an ambitious initiative called Visa A2A aimed at transforming account-to-account (A2A) payments. Expected to debut in the UK by early 2025, Visa A2A promises to offer greater consumer control and security when handling recurring bills via bank transfers. By implementing innovations like tokenization, biometrics, and AI-driven fraud prevention, Visa seeks to modernize the outdated direct debit system
In a significant recent development, the Penpie protocol, a decentralized finance (DeFi) platform built atop Pendle, has suffered a severe attack leading to a loss of $27 million in client funds. This exploit has forced Penpie to suspend all deposits and withdrawals temporarily as a precautionary measure. The hacker was traced to a specific address, and Pendle representatives have tried
Siemens AG’s strategic move to issue a €300 million blockchain-based digital bond underscores its dedication to innovation and its partnership with key financial entities to revolutionize capital markets. This initiative not only showcases Siemens’ resolve to harness advanced technologies but also highlights the company’s role as a pioneer in the financial technology sector. Siemens’ Digital Transformation Strategy Commitment to Innovation
