Tech News

American financial services giant Mastercard has announced it has entered into a functional partnership with top crypto platforms to bring additional ease to the process of purchasing Non-Fungible Tokens (NFTs).  As contained in a blog post shared by Raj Dhamodharan, an executive vice president at the company, the partnerships were inked with Immutable X, Candy […]

Australia’s software giant, Novatti Group has launched a new stablecoin that will maintain a 1:1 peg with the Australian Dollar. Dubbed the AUDC, the Novatti Group plans to use the new token to bolster its payment solutions, and offer its customers new access to send and receive money from anywhere in the world. AUDC will […]

Financial technology giant, Ant Group is expanding beyond the shores of China into Singapore as it has secured the approval from the Monetary Authority of Singapore (MAS) to float a digital bank in the country. Dubbed ANEXT, the digital bank received its license for operations on June 2nd and with this positive nod, it is […]

The collapse of the Terra Blockchain protocol as well as its associated LUNA and UST coins have attracted a series of investigations from several South Korean regulators. The latest of these efforts is from the Seoul Southern District Prosecutor’s Office’s joint financial and securities crime investigation team with reports that the staff of Terraform Labs […]

Three United States Republican Senators, Tom Cotton, Mike Braun, and Marco Rubio have introduced a bill that will prohibit the operations of the Central Bank Digital Currency (CBDC) of the People’s Republic of China dubbed Digital Yuan (e-CNY).  The Bill, dubbed “Defending Americans from Authoritarian Digital Currencies Act” was proposed to prevent the Chinese government […]

Tether has made a very bold and promising move into Latin America with the launch of MXN₮, a stablecoin pegged to the Mexican Pesos.  The company said the new coin is blockchain-backed and will maintain a 1:1 ratio with the Mexican Pesos. The stablecoin comes off as the next token to be launched by the […]

In furtherance of its push into the digital currency ecosystem, video game, and electronics retailer, GameStop Corp has announced it has launched a new crypto wallet as a web browser extension. As the company revealed, the new crypto wallet is suitable for gamers and anyone who may want to “store, send, receive and use cryptocurrencies […]

Andreessen Horowitz (a16z), a leading crypto venture capital firm, has produced an annual report on the industry’s current developments and state. The study reaffirmed the firm’s bullish views on Web3, predicting long-term growth for the industry. It remarked on Ethereum’s dominant position among layer-one blockchains. a16z crypto's 1st annual overview of industry trends. For creators, […]

Richard Nash, the Vice President of Paypal Holdings Inc has affirmed that the payments services giant is on track to float more products bordering on crypto and blockchain technology in the near future.  The revelation was made in an exclusive interview with Cointelegraph at the World Economic Forum (WEF) with Nash noting the likelihood of […]

With the increasing comments on the arrival of a bear market amid heavy price drops, DeFi Edge, a Twitter user, asked crypto experts what advice they have to offer for traders who are experiencing the bear market for the first time. Guy Swann put buying Bitcoin (BTC) at the top of his recommendation list to […]

Bahamas citizens and residents will now be able to spend their Sand Dollar, the country’s Central Bank Digital Currency (CBDC) through the facial recognition solutions from PopPay, a tech startup providing security services for the fintech space. The partnership was enabled by SunCash, one of the licensed issuers of the Sand Dollar, and will see […]

The Terra blockchain protocol might have ended its run following the unprecedented collapse of the LUNA coin and the de-pegging of the UST stablecoin last week. With millions of investors losing their holdings in the protocol overnight, many want a way forward, and Do Kwon, the prominent face of the project has come up with […]

The Luna Foundation Guard (LFG), the not-for-profit organization tasked with boosting the reserve base for Terra’s native stablecoin, the UST has unveiled plans to compensate UST holders with the remaining assets left in its reserve. The LFG broke its silence on Monday when it noted that its Bitcoin (BTC) which was pegged at 80,394 units […]

Blockchain-based fantasy game developer, Sorare has inked an exclusive partnership with Major League Baseball (MLB) to develop Non-Fungible Token (NFT) powered fantasy baseball games. The partnership which also involves MLB players will see players create their dream team from the players, enter tournaments and earn rewards based on how their teams perform in real life. […]

Latin America’s leading digital bank, Nubank has integrated support for Bitcoin (BTC) and Ethereum (ETH) trading on its application. The move was made possible in partnership with Paxos, a licensed crypto infrastructure service provider who will serve as both the custodian and the broker for the trading service. While the new provision will be kickstarted […]

Embattled blockchain protocol Terra Network has shared more details with respect to Proposal 1166 which was first unveiled by founder Do Kwon on Wednesday to help restore normalcy to the UST stablecoin peg that has continued to dwindle.  As contained in a Twitter thread, Terra said that “the prevailing peg pressure on $UST from its […]

Federation Internationale de Football Association (FIFA) has tapped Algorand as its official blockchain partner for the upcoming world cup competition coming up in Qatar. Specifically, Algorand has been named the FIFA World Cup Qatar 2022™ Regional Supporter in North America and Europe, and a FIFA Women’s World Cup Australia and New Zealand 2023™ Official Sponsor. […]

Blockchain startup, Kadena Eco has announced the launch of a $100 million grant program that is designed to empower developers building Web3.0 solutions on its platform. As a pioneer in the blockchain ecosystem, Kadena is using the grants to bring more beneficial solutions to the advancing digital world while also growing its ecosystem as required. […]