Former executives of financial giants Millennium Management and Pimco, Benoit Bosc and Michael Bressler, have made a significant move into the cryptocurrency market by launching an innovative advisory firm named x2B. This groundbreaking venture is designed to bridge the gap between conventional finance and the rapidly expanding realm of digital finance. The firm’s inception coincides with a bullish surge in
In an increasingly interconnected world, the need for seamless and efficient money transfers across borders has become more critical than ever. Thunes and Papara have forged a bilateral partnership aimed at revolutionizing how cross-border money transfers to and from Türkiye are conducted. This collaboration is set to benefit Papara’s vast user base of 21 million, enabling them to send money
The cryptocurrency market has recently been rattled by significant volatility and major liquidations, affecting a broad swath of cryptocurrency traders. The past days have seen over $655 million liquidated from the market due to dramatic movements in key cryptocurrencies, with Bitcoin (BTC) leading the charge. This article delves into the details of these market upheavals, the causes behind them, and
UBS, a global asset manager and Swiss bank, has introduced a pioneering blockchain-based payment solution known as UBS Digital Cash, which aims to significantly improve the efficiency, transparency, and programmability of money movements for corporate and institutional clients. Tackling common issues in cross-border payments like delayed settlements and fragmented liquidity views, this innovation promises timely payment processing and better visibility
In a groundbreaking move set to redefine the landscape of digital payments, USI Money has partnered with Visa to implement Visa Direct, enhancing and expediting digital payment solutions for their customers worldwide. This strategic collaboration seeks to merge USI Money’s advanced technological capabilities with Visa Direct’s state-of-the-art platform, enabling real-time transfers to bank accounts and digital wallets across the globe.
The gig economy, characterized by short-term, flexible work arrangements, has seen significant growth in recent years. This shift has been driven by widespread dissatisfaction with traditional employment models and the desire for greater autonomy and flexibility. However, gig workers face several challenges, including inconsistent job security, delayed payments, and difficulties in handling international transactions. Cryptocurrencies are emerging as a potential
Bitcoin has seen a remarkable surge in value and political influence following the election of Donald Trump and the Republican Party’s recent successes. This year alone, Bitcoin has surged 84% to reach a value of $82,000, largely attributed to the new political dynamics. The New York Digital Investment Group (NYDIG) has highlighted the strategic investments and lobbying efforts by crypto
Cathie Wood, founder of Ark Invest, is known for her bold and often unconventional forecasts, and her latest predictions are no exception. As discussions around a potential Donald Trump presidency resurface, Wood has offered a positive outlook on its impact on both the US economy and the crypto market. She envisions that Trump’s return to office could foster significant gains,
In a pivotal move for the financial technology sector, Thunes, a renowned global money transfer network based in Singapore, has announced a strategic partnership with Papara, Türkiye’s top FinTech firm. This collaboration is set to revolutionize cross-border transfers to and from Türkiye by integrating Thunes’ extensive Direct Global Network with Papara’s services, offering users an innovative and efficient platform to
UltraverseNFT has launched a groundbreaking initiative that combines environmental sustainability with blockchain investing through its Sandalwood NFT project. This innovative venture offers investors the chance to own a real-world asset, a sandalwood tree, while utilizing the benefits of transparency and security provided by blockchain technology. The Sandalwood NFTs are minted on the UBIT Smart Chain and represent the entire lifecycle
Blockscout, a prominent open-source block explorer for Ethereum Virtual Machine (EVM)-based networks, recently launched the Merits Program, integrating a gamified approach to blockchain exploration. Making blockchain interactions more engaging and accessible, the initiative leverages utility tokens as rewards and encourages familiarization with skill-based APIs. Central to the program are NFT badges featuring Blockscout’s Capybara logo, which symbolize various on-chain achievements
M2i Global has officially launched Ethereum Reserve, a groundbreaking blockchain-focused entity dedicated to advancing Ethereum development and optimizing treasury management. This innovative initiative brings Ethereum Reserve into the core of M2i’s broader ecosystem, with a primary focus on acquiring Ethereum as a reserve asset. By leveraging Ethereum’s blockchain technology, M2i aims to merge traditional commodity management with modern blockchain technology
