Crypto exchanges diversify amid growing competition
As non-crypto players like Twitter and PayPal take up digital assets, Coinbase, Binance and others look for ways to expand offerings.
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Sri Lanka to study digital banking, blockchain and crypto mining regulation
Sri Lanka has formed a panel to recommend a regulatory framework covering the growth of digital banking, blockchain and cryptocurrency mining, the government has announced. Fast facts Developing an integrated system of digital banking, blockchain and cryptocurrency mining is crucial for Sri Lanka to keep up with its regional neighbors while expanding international trade, the…
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Shenzhen has the most e-CNY pilot program uses, Chinese state-owned media says
According to a Shenzhen state-owned newspaper, Shenzhen now has nearly 120,000 e-CNY pilot program application scenarios, ranking first in the country. Fast facts In October last year, Hong Kong’s neighboring city, Shenzhen, became the first e-CNY pilot city, which rolled out the first batch of 50,000 e-CNY red packets with a total value of 10…
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Is DeFi at war with traditional finance, and should TradFi be scared?
Decentralized finance may look like it’s consuming TradFi, writes Will Hamilton of TCM Capital. But here’s why one won’t survive without the other.
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China’s national blockchain network to expand to Turkey, Uzbekistan
China’s Blockchain-based Service Network (BSN) — a public-private nationwide infrastructure project to spur mass adoption of blockchain technology — is setting up more portals overseas, as it moves a step closer to more international exposure. Fast facts Red Date Technology, the company China tapped to manage its BSN, announced today that it is working to…
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NFTs and the music industry: Flatten the learning curve | Part 3
Singers and musicians are embracing non-fungible tokens, but will their non-crypto active fans buy it?
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Tether lashes out at report that claims it is not 100% backed
Tether is facing another round of scrutiny as the world’s number one stablecoin responds to a damning Bloomberg report published yesterday that claimed — among other things — that Tether is not fully backed as the company claims and is using its reserves to make crypto-backed loans. Fast facts In the article, reporter Zeke Faux…
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Crypto exchange Binance looks to Ireland for regional HQ
Binance — the largest cryptocurrency exchange in the world — is looking at setting up regional headquarters in Ireland, according to Reuters. Fast facts “Historically, we claim that we don’t have headquarters. We are actually just in the process of establishing a few headquarters in different parts of the world,” Binance CEO Changpeng Zhao told…
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How blockchain can unify healthcare and improve public health
Global healthcare data sharing suffers from lack of security, clear ownership, interoperability and accessibility. Can blockchain provide solutions?
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2021 is a banner year for NFTs. Here’s what you need to know
The NFT boom is transforming the art world, writes Laura Ballman and Michael Greenwald. Collectors would be wise to learn all they can about this new technology.