In a pioneering move to address age-old issues in the chess community, Algorand has teamed up with World Chess to introduce blockchain technology for enhancing the transparency and reliability of player ratings. This partnership, which commenced in June 2020, has brought about remarkable developments, resulting in approximately 200,000 daily blockchain transactions and amassing a cumulative transaction volume of over 211
Franklin Templeton, a globally recognized asset management firm, has taken a major step forward in the financial industry by launching Benji, a tokenized fund on the Base blockchain. This move marks Franklin Templeton as the first asset manager to introduce such an innovative platform. The firm’s objective with this initiative is to harness blockchain technology to enhance transparency and security
Bitcoin has emerged as a preferred payment method primarily due to its pseudonymous nature, which requires no personal or financial details. Coupled with its decentralized and cryptographic structure, Bitcoin supports secure and anonymous transactions, making it an ideal choice for individuals seeking privacy in their financial dealings. Bitcoin transactions effectively minimize the vulnerability of revealing personal information to potential cyber
Financial transactions for businesses looking to expand into Southeast Asia and South Asia have long been fraught with challenges and complexities, particularly with traditional card payment schemes. In dynamic and fast-paced markets where card penetration remains persistently low, businesses often face the dual hurdles of exorbitant fees and delayed settlement times. These obstacles make real-time payments a crucial element in
UBS Asset Management has marked a significant milestone in the digital finance landscape with the launch of its first tokenized money market fund on the Ethereum blockchain. Named the “UBS USD Money Market Investment Fund Token” (uMINT), the new fund reflects UBS’s strategic move toward addressing the rising demand for high-quality money market instruments and tokenized financial assets. This initiative
In today’s digital-driven world, the demand for real-time cross-border payments is rising faster than ever, emphasizing the need for seamless, secure, and efficient payment methods for both consumers and businesses. Adeline Kim, Visa’s country manager for Singapore and Brunei, highlights a critical necessity: payment systems must become interoperable to address the fragmentation caused by the rapid pace of innovation. As
The TON Foundation has taken a significant step towards decentralization with the launch of Society DAO, a five-step governance model aimed at empowering the community and fostering ecosystem growth. This initiative marks a strategic shift from a centralized foundation model to a decentralized governance structure, designed to eliminate single points of failure and distribute decision-making power more evenly within The
In a bid to cater to the growing demand for cloud services in the ASEAN region, the Thai Board of Investment (BOI) has approved two significant data center projects worth a combined $1.7 billion (60 billion baht). These projects, led by Quartz Computing, an affiliate of Alphabet Inc., and Digital Land Services, will play a vital role in supporting advancements
The cryptocurrency market has seen a surge in new token launches, but many of these tokens fail to maintain their value and utility over time. This article explores the essential elements needed to create crypto tokens that are both useful and fair, ensuring their long-term success and sustainability. Understanding the Current Landscape The Problem with New Token Launches Many new
Tron has recently made headlines with its impressive transaction volume dominance in the cryptocurrency market. Despite a bearish trend in the price of its native token, TRX, the network has managed to maintain a strong foothold, particularly through its involvement in the memecoin sector. This article delves into the factors contributing to Tron’s transaction dominance and examines whether this trend
The cryptocurrency payments landscape in North America is on the brink of a significant transformation as Transak, a prominent crypto payments company, gains new operational licenses in Delaware and Canada. The company has recently secured two money transmitter licenses, enhancing its ability to provide legal crypto payment and on-ramp services in these critical markets. This move follows its earlier achievement
Morph, a prominent platform in the blockchain sector, has made a significant stride in its mission to democratize blockchain usage by launching its mainnet on Ethereum. This strategic move marks a pivotal moment in Morph’s overarching goal of integrating blockchain technology into mainstream applications, aiming to reduce barriers to adoption and encourage broader use among everyday users. With this bold
