The demand for computing power has surged dramatically with the advancements in artificial intelligence, prompting the need for novel and scalable sources of computational resources. Dedium Network, a blockchain startup focused on establishing a decentralized computing platform on the Cardano network, has forged a strategic partnership with leading Chinese technology company Huawei. This collaboration is expected to significantly enhance the
In a move that seeks to redefine its position in the blockchain industry, Shiba Inu (SHIB) has recently announced the launch of the Strategic Hub for Innovation in Blockchain (S.H.I.B.). This pioneering initiative, unveiled by Shiba Inu’s pseudonymous lead, Shytoshi Kusama, aims to transition the meme coin into a significant player in the blockchain sector. Much like Silicon Valley’s impact
The Monetary Authority of Singapore (MAS) is ambitiously expanding its Global Layer One (GL1) blockchain project, intending to establish a core blockchain infrastructure for various financial applications. Initially collaborating with five major banks—BNY Mellon, Citi, J.P. Morgan, MUFG, and Societe Generale-FORGE—MAS has now welcomed HSBC and Euroclear into the initiative, underscoring its commitment to transforming the financial sector with this
Plumery, a renowned digital banking experience platform, has announced a strategic partnership with Payment Components in a bold move to modernize financial institutions on a global scale. This collaboration is set to decouple digital experience and payment processes from outdated legacy banking systems, providing a route for more flexible and efficient operations without necessitating drastic changes to core infrastructures. By
The cryptocurrency market is gearing up for a significant event this November, with $2.6 billion worth of crypto tokens set to be unlocked from various major projects. This influx of tokens is expected to impact market dynamics, investor sentiment, and the overall liquidity of the crypto ecosystem. Token Unlock Calendar Arbitrum, Optimism, and Avalanche November will see substantial token releases
In October 2024, Solana achieved a remarkable milestone of over 120 million active addresses, signifying a 42% increase from the previous month. This rapid expansion highlights Solana’s significant competitive advantage in user activity and transaction efficiency over Ethereum. The surge is primarily driven by meme coin trading, with platforms like Pump.fun and Raydium playing pivotal roles by facilitating substantial volumes
On November 3, the X (formerly Twitter) account of renowned rapper Wiz Khalifa was hacked, causing a significant stir among his substantial following of 35.7 million users. The hack led to the promotion of a fraudulent meme coin, $WIZ, claiming Khalifa’s involvement in the launch. The hackers impersonated Khalifa and announced that he and his team had developed the token
A significant milestone in bridging blockchain technology with traditional payment systems has been achieved through a successful pilot program executed by Swift, UBS Asset Management, and Chainlink. The initiative demonstrates the potential to streamline inefficient processes within the subscription and redemption of mutual funds—a sector that has traditionally been beset by manual interventions, delayed settlements, and limited real-time transparency. These
NatWest has partnered with Mastercard to introduce a groundbreaking mobile virtual card payment solution called Approval2Buy with Mobile Virtual Cards, poised to transform the way businesses in the UK manage corporate transactions. This collaboration marks a significant milestone, as it is the first implementation of Mastercard’s mobile virtual card app in Europe, offering enhanced flexibility, control, and security for corporate
The recent announcement of OSL Group acquiring a controlling stake in CoinBest, a regulated cryptocurrency exchange in Japan, has garnered significant attention in the financial world. With this strategic move, the Hong Kong-listed financial services powerhouse has signaled its intent to make a considerable entry into the well-regulated and mature digital asset market of Japan. By acquiring 81.38% of CoinBest
Mastercard’s recent unveiling of Pay Local, a groundbreaking service designed to streamline card payments through local digital wallets, has created quite a buzz in the financial technology landscape. Launched strategically before the Singapore FinTech Festival, Pay Local is expected to facilitate transactions for residents and international travelers by allowing them to link their credit or debit cards to digital wallets
Keppel Ltd., through its private fund Keppel Data Centre Fund II (KDCF II), has made a significant move to bolster its presence in the Asian data center market by acquiring a data center development project in Tokyo, Japan. This facility, known as Keppel Data Centre Tokyo 2, marks Keppel’s first foray into developing such projects in Japan, and it stands
