Tech News

Blockchain payments startup Ripple Labs Inc and Singaporean payment giant FOMO Pay have entered a partnership. The crypto solutions provider announced the collaboration in a blog post. With the new agreement, FOMO Pay will leverage Ripple’s technology to improve its cross-border payments. Using Ripples On-demand Liquidity (ODL) service, FOMO pay can now facilitate payments in […]

A survey carried out by one of the Big 4 accounting firms, KPMG in conjunction with HSBC has revealed that non-fungible tokens (NFTs) and decentralized finance (DeFi) are more popular amongst Asian Pacific startups.  According to the report these communities are more in number when compared to other technological innovations like quantum computing and electric […]

The Qatari National Bank (QNB) is expanding Ripple’s remittance technology and capabilities into the Phillippines with the aid of the blockchain payment firm RippleNet. As announced by QNB, the new service offering will afford Phillippine nationals living in Qatar to send money home in a more efficient manner. QNB said it will be connecting with […]

Later this year, the University of Tokyo, popularly known as Todai, will reportedly launch a number of educational programs that will take place in the Metaverse. The Asahi Shimbun, a local news source, recently reported that students from high school to working individuals would be able to enroll in these courses. The goal of Todai’s project is […]

Generally, proposals that assist communities in reaching decisions based on consensus are known for being majorly beneficial. However, a recent approval by the decentralized music platform Audius to a malicious governance proposal led to the transfer of coins valued at $6.1 million, with the culprit walking away with $1 million. On Sunday, the community voted […]

Daniel Shin, the co-founder of Terraform Labs, had his home reportedly raided by South Korean prosecutors as part of a larger fraud investigation. As per a recent report by Bloomberg, there has been a series of raids conducted by the South Korean Joint Financial and Securities Investigation Team on crypto exchanges and offices. This reportedly included Terra […]

Taiwan is cracking down on the use of credit and debit cards for the use in buying digital currencies in a bid to protect consumers. According to a report by a local news platform, UDN, the Financial Supervisory Commission (FSC) sent a letter to the Association of Banks with instructions not to process transactions involving […]

Troubled crypto lender, Celsius Network’s 1.7 million registered users across the world, do not have legal rights to the funds they deposited into Earn and Borrow accounts, the company’s lawyers believe. First bankruptcy hearing for Celsius Network During the first bankruptcy hearing for Celsius Network scheduled this Monday, lawyers from the Kirkland law firm explained how retail investors with […]

Circle, the blockchain-based fintech startup in charge of the issuance of the USD Coin (USDC) stablecoin has published the first monthly report for the reserve backing the digital payment token. According to the report which is yet to be audited, the company has a cumulative reserve base of $55,703,500,691 as of June 30th this year. […]

Middle Eastern digital assets gateway, Fasset Technologies has partnered with American payments giant, Mastercard Inc to jointly build solutions that will help drive financial inclusion in Indonesia. According to the announcement detailing the partnership, the ultimate goal of this collaboration is to “create economic opportunities for the underserved segment.” With more than 90 million unbanked […]

The government of Shanghai in its “14th Five-Year Plan for Shanghai’s Digital Economy Development,” has identified blockchain technology as one of the key innovations that can help advance its projected digital transformation.  According to the notice issued by the office of the government of Shanghai, there is an active projection to increase the quota of […]

Unstoppable Domains, a blockchain-based domain name provider has announced its partnership with a crypto infrastructure service outfit to simplify how users buy digital currencies on the latter platform. As announced by the duo, buying digital currencies on Moonpay through Unstoppable Domains will now be as easy as sending an email. This is so that users […]

Brazilian fintech company, PicPay has launched new crypto and Web3.0 unit on its platform.  This move models other targeted entries by top outfits and will permit payments to be made with Bitcoin (BTC) and other cryptocurrencies. With this move, the firm gets to list token pairs featuring the Real which is Brazil’s currency on top crypto […]

British fintech company Revolut has launched a course to further enlighten its users on Bitcoin (BTC) and other cryptocurrencies. This innovative move was achieved in partnership with Polkadot. Taking the courses, users can earn up to $15 worth of Polkadot native token DOT. The mission of the fintech company is to “build a fair and […]

Brazilian digital payments company PicPay has announced the launch of a stablecoin to a fully-featured crypto exchange platform. With over 6.9 million registered users, the startup is diving deep into the crypto ocean and announced a series of Web3-focused services. According to the strategy shared with the Portuguese media platform NeoFeed, the company will start with the […]

The troubled crypto lending platform Celsius Network is reportedly using investor funds to conduct high-risk leveraged crypto trading activities. As per a new report by blockchain analytics company Arkham Intelligence, Celsius Network entrusted corporate money worth around $530 million to an asset director engaged in high-risk leveraged trading strategies. These highly risky trading strategies led to an apparent loss […]

Tesla CEO and the richest man on the planet, Elon Musk, has decided to back out on his deal to buy Twitter for $44 billion. In a recent filing made by Musk, he stated that Twitter has not complied with its contractual obligations.  Notably, according to the two entities’ merger agreement signed on April 26, Twitter […]

The Boring Company (TBC), a company owned by Elon Musk is on track to accept payments in Dogecoin (DOGE). As reported by CNN, the company added Dogecoin as one of its payment methods alongside options that include credit and debit cards. The new offering will now permit passengers to ride on the new Vegas Loop […]