Bank of Korea to Kick Off CBDC Payment Pilot with 100K Participants in April

The Bank of Korea (BOK) will begin a large-scale pilot of its central bank digital currency (CBDC) in April, allowing 100,000 participants to conduct real-world transactions using digital tokens. Notably, the three-month trial aims to evaluate the practical use of CBDCs in payments and their potential impact on the financial system. The pilot, named the…

March 18, 20250Comments

ByDaniel Nwokolo

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Thailand SEC Approves Tether’s USDT as an Official Cryptocurrency

Thailand’s Securities and Exchange Commission (SEC) has officially approved Tether’s USD₮ as a recognised cryptocurrency, marking a significant milestone for the country’s digital asset market. Notably, the approval allows USD₮ to be traded on regulated exchanges and used for payments, strengthening Thailand’s position as a regional hub for digital asset adoption. The SEC’s updated regulations,…

March 10, 20250Comments

ByDaniel Nwokolo

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Cronos Partners with Crypto.com to Enable Direct Crypto-to-Debit Card Transfers

Popular blockchain firm, Cronos, has launched a new service allowing users to withdraw funds directly to a prepaid card, streamlining the process of converting cryptocurrency to fiat. Notably, the feature, developed in partnership with Crypto.com, is aimed at enhancing the accessibility of decentralized finance (DeFi) in everyday transactions. By linking their Web3 non-custodial wallets on…

February 27, 20250Comments

ByDaniel Nwokolo

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Tether Invests in ZenGo Wallet to Enhance Secure Self-Custody and Boost Stablecoin Adoption

Stablecoin issuer giant, Tether, has made a strategic investment in Zengo Wallet, a self-custodial crypto wallet known for its security and ease of use. Notably, the move highlights Tether’s commitment to promoting stablecoin adoption while enhancing secure digital asset storage solutions. Tether Announces Strategic Investment in Zengo Wallet to Advance Global Stablecoin Adoption Learn more:…

February 11, 20250Comments

ByDaniel Nwokolo

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Trump Media (TMTG) Files Trademark for ‘TruthFi’ Crypto Payment Platform

Trump Media & Technology Group Corp. (Nasdaq: DJT) (TMTG) has filed to register trademarks for financial products under the new Truth.Fi brand, signaling its entry into customized exchange-traded funds (ETFs) and separately managed accounts (SMAs). Notably, the company plans to launch these investment vehicles later this year. The newly trademarked products include Truth.Fi Made in…

February 6, 20250Comments

ByDaniel Nwokolo

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Tether and Reelly Tech Partner to Enable USDT Transactions in UAE Real Estate

Tether Operations Limited, the issuer of the world’s largest stablecoin, USDT, has signed a Memorandum of Understanding (MoU) with Reelly Tech, a leading B2B real estate platform in the UAE. Notably, the collaboration aims to integrate USDT into property transactions, offering streamlined processes for agents and buyers in one of the region’s most dynamic markets.…

February 6, 20250Comments

ByDaniel Nwokolo

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iDenfy Opens Delaware Office to Expand U.S. Operations

iDenfy, a global provider of regulatory technology (RegTech) solutions specializing in Know Your Customer (KYC), Anti-Money Laundering (AML), and Know Your Business (KYB) verification, has announced the opening of a new office in Delaware. Notably, the move marks a significant milestone in the company’s efforts to expand its footprint in North America and meet the…

November 30, 20240Comments

ByDaniel Nwokolo

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IN1 Launches Unified Financial Management Platform Across 35+ Countries

Warsaw, Poland, and Abu Dhabi, UAE, November 26, 2024 – Fintech startup IN1 has officially launched its innovative platform for unified financial management, available to users in over 35 countries. Notably, the platform aims to simplify the management of both fiat and cryptocurrencies, offering seamless integration across financial services. Accordingly, the launch includes introducing IN1's…

November 27, 20240Comments

ByDaniel Nwokolo

News

Stellar Development Foundation Partners with Stablecoin Standard to Boost Stablecoin Adoption

The Stellar Development Foundation (SDF) has announced a strategic partnership with Stablecoin Standard, aiming to advance the adoption of stablecoins through education, resources, and collaborative initiatives. The Stellar Development Foundation (SDF), a non-profit organization dedicated to the growth of the Stellar network, has joined forces with Stablecoin Standard as an industry partner. This partnership, announced…

May 24, 20240Comments

ByZoran Spirkovski

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Flexado Enhances Virtual Office Onboarding with iDenfy’s KYC and AML Solutions

Flexado has announced a new partnership with iDenfy, aimed at streamlining the onboarding process for its virtual office clients by integrating advanced KYC and AML compliance solutions. Flexado, known for revolutionizing the office landscape with remote virtual office offerings, provides businesses with professional locations without the associated high costs. iDenfy, a leader in identity verification and…

May 17, 20240Comments

ByZoran Spirkovski