How Asia is leading the way for digital currencies
Despite growing global interest, CBDCs are not all at the same stage of development. Amit Ghosh of R3 explains how countries in Asia are paving the way.
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NFT platform Mintable to auction collection of comics legend Stan Lee
Mintable — a Singapore-based, Mark Cuban-backed non-fungible token platform — today announced the launch of a limited-edition NFT collection featuring comic book legend Stan Lee. Fast facts The collection, which includes three paintings by artist Rob Prior and a selection of photographs and videos of Lee taken by his friend and later caretaker, will be…
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Hyper-realistic virtual influencer Rae mints NFTs
It’s not only real-world idols that look to earn a profit from issuing non-fungible tokens. Rae — a virtual influencer in Singapore rendered through computer-generated imagery and powered by artificial intelligence — is selling “her” first NFTs on Mintable. Fast facts Rae — whose creators’ identities remain mysterious — has dropped her first NFT series…
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Vitalik Buterin: Ethereum is more than DeFi. Is social media its next big use?
At EthCC in Paris, Ethereum’s boyish creator lays out a vision for the blockchain’s non-finance uses — like ridding social media of bots and fake news.
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NFT buzz continues as OpenSea raises US$100M
OpenSea, the world’s second-biggest non-fungible token marketplace by trading volume, has raised US$100 million in a series B funding round led by venture capital firm A16z, the company has announced. Fast facts The new funding raises the company’s value to US$1.5 billion, making it a unicorn — a start-up with a valuation of more than…
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Shipping network launches blockchain-based cargo app in China
Trade platform the Global Shipping Business Network has launched its first blockchain-based application in China to reduce paper usage and enhance efficiency and transparency in the shipping industry. Fast facts Named Cargo Release, the new blockchain-based app will connect the whole shipping supply chain, including shipping lines, consignees, their agents and terminals. The app promises…
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U.S. crypto miner Core Scientific to list via SPAC merger
U.S. cryptocurrency miner Core Scientific Holding is set to list on the Nasdaq exchange through a merger with a special-purpose acquisitions company, boosting the value of the combined business to around US$4.3 billion. Fast facts Core Scientific, one of the biggest crypto mining companies in the U.S., announced yesterday that it had entered into merger…
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Australian bourse warns of centralized exchange crypto custody risks
ASX, which operates Australia’s stock market, says the custody of cryptocurrency held on centralized exchanges presents a significant cybersecurity risk to investors, and recommends that regulatory action be taken to protect digital assets. It made the comments in a submission to the country’s Senate Select Committee on Australia as a Technology and Financial Center. Fast facts…
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Chinese insurer Ping An seeks digital yuan payments for new Covid-19 policy
China’s trial of e-CNY, the digital version of the national currency, the yuan, has extended to the insurance industry, with conglomerate Ping An encouraging medical staff in the southern city of Shenzhen to pay premiums for a Covid-19 insurance plan using the new currency. Fast facts One Ping An branch in Shenzhen is offering insurance…
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SEC Chair Gensler: stablecoins could be treated as securities
Hinting at a potential future crackdown on stablecoins, Gary Gensler — the chair of the U.S. Securities and Exchange Commission — told the American Bar Association this week that cryptocurrencies whose prices are based on traditional assets could be subject to securities law enforcement. Fast facts Gensler’s remarks followed those of U.S. Treasury Secretary Janet…