Tech News

Giant financial service provider Mastercard has introduced a tool to fight against crypto fraud and financial crimes

Users of Tornado Cash, the crypto mixer which has been in the news more often recently have drastically reduced. So far, Tornado Cash has experienced about a 52% drop in the number of customers who patronize the platform on a monthly basis. Data from Dune Analytics, a crypto analytic firm showed a drastic drop in […]

Three Republican Senate members have submitted the draft of a bill to the Senate to encourage investment managers to offer Bitcoin and other cryptocurrencies in 401(k) retirement plans. U.S. Senators Pat Toomey and Tim Scott, and U.S. Representatives Peter Meijer jointly established the Retirement Savings Modernization Act to expand American retirement savings. Specifically, the bill […]

The central banks across the world are gradually making their foray into exploring the adoption of the Central Bank Digital Currency (CBDC). While many countries are still mulling the idea of a CBDC, others have reached their pilot phase and beta testing phases. According to the International Monetary Fund (IMF), central banks’ CBDC research is […]

According to local media, Kazakhstan’s President Kassym-Jomart Tokayev says Kazahstan is ready to consider crypto conversion to fiat currency if there is considerable demand. The president also stressed that for the project to get complete legal recognition, it must have a dual feature of relevance and security. Currently, a pilot program to convert cryptocurrencies is […]

As several countries and regions continue to make concerted efforts into launching a Central Bank Digital Currency (CBDC), Christine Lagarde, President of the European Central Bank has promised that the Digital Euro – the region’s digital currency will not be commercialized. Christine made this assurance during a summit on US-European GeoEconomics held in Frankfurt. Citing […]

The central bank of Ghana known as the Bank of Ghana (BoG) is increasing efforts to release its Central Bank Digital Currency (CDBC). It is finally putting in finishing touches to its research with a focus on using the CBDC (E-Cedi) to foster financial inclusion in its economy.  This announcement was made by Kwame Oppong, […]

Renowned U.K.-based crypto market maker Wintermute experienced a $160 million breach last week in its DeFi operations. According to on-chain data, tens of millions of dollars’ worth of Dai, USDC, Tether, Wrapped ETH, and other assets were drained from the platform to a wallet address marked as a “Wintermute Exploiter.” While the company went on […]

XA Group, an all-inclusive technology-driven automotive solutions provider has floated Addenda – a blockchain-based solution for insurers according to local media reports. On the back of XA Group’s automotive repair and insurance solutions, Addenda will facilitate, centralize and manage communications during the reconciliation process. As a leader in automotive aftermarket services, XA Group also plans […]

With the intent of launching the Russian Central Bank Digital Currency (CBDC) or Digital Ruble in 2023, a senior lawmaker has revealed the country’s plans to use the CBDC for mutual settlement with China. Russia is taking this step in a bid to reduce the United States’ global financial hegemony with the dollar. The CBDC […]

Last month, the United States Office of Foreign Assets Control (OFAC) designated the popular cryptocurrency mixer Tornado Cash as an entity on the Specially Designated Nationals (SDN) sanction list. This decision prompted a backlash from campaigners for free speech and privacy rights. After that, GitHub, which is controlled by Microsoft, deleted its source code and […]

The world’s first Web3.0-focused browser, Opera Crypto Browser has entered into a partnership with Elrond to grant its users access to the Elrond ecosystem. According to Opera, the partnership will take a full course at the end of 2022. After that, Opera users will be allowed to send and receive Elrond’s native token, EGLD, via […]

Covalent, a Web3 data provider and Unified API Key creator backed by Binance has announced the commencement of its new Data Alchemist Boot-Camp program. The program is designed to bridge the gap between the current skill demand of the technology and Web3.0 industry, data analytics precisely, and the prospective applicants. The future is Web3.0 and […]

On Monday, the official media regulating agency of South Korea convened a meeting with Andy O’Connell, vice president of product policy and strategy for Meta Platforms, Inc., to examine methods to increase user protection on the metaverse. Working towards safety in Metaverse According to reports from the local press, Ahn Hyoung-hwan, the vice chairman of […]

Software as a service (SaaS) service provider BigCommerce (BIGC) has announced its strategic partnership with Bitcoin (BTC) payment platform BitPay and crypto payment gateway CoinPayments. The partnership is targeted toward easily securing and delivering crypto payment services to BigCommerce merchants in specific territories.  The open SaaS e-commerce platform released a tweet to inform the public […]

The Society for Worldwide Interbank Financial Technology (SWIFT), a global financial messaging system has set motion to integrate blockchain technology in partnership with Symbiont, Inc, a technology pioneer that is responsible for solving complex financial problems globally. Symbiont provides blockchain-enabled networks that link consumers and providers of data through ‘Symbiont Assembly’; the decentralized network’s foundation […]

The Blockchain Association has launched a new Political Action Committee (PAC) that will offer support to pro-crypto political parties and their candidates.  Notably, the support from the PAC is not limited to just a political party but will cut across both sides of the aisle. Kristin Smith, the Executive Director of the Washington DC-based trade […]

Fireblocks announced that its Annual Recurring Revenue (ARR) for 2022 has surpassed the $100 million mark.  As per the published announcement, Fireblocks achieved this feat barely four years after the firm was established and three years after the release of its first product. Thereby, placing it amongst a sub-sect of Software-as-a-service (SaaS) unicorns with the […]