Foreign investors still doubt the PBoC’s policies when it comes to the RMB exchange rate. Eswar Prasad, a professor of Trade Policy at Cornell University and a senior fellow at the Brookings Institution, believes that even though China’s digital yuan will enhance the renminbi’s role as an international payment currency, it will “hardly put a…
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Fan token adoption heats up as Trabzonspor joins the craze. Turkish football club Trabzonspor is the latest team to issue their own fan tokens using the Blockchain voting and rewards app, Socios.com, which will be available via the Chiliz exchange. According to the announcement, $TRA token holders will be able to vote in various polls…
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Crypto is truly a global asset class. Showing continued digital asset growth in Africa, Nigeria-based crypto exchange, Yellow Card, has secured over $1 million in investments from a number of players in the crypto industry, including venture capital firm Andreessen Horowitz. “Yellow Card has raised $1.5 million from investors to help further our expansion and solidify…
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The traditional banking sector is lagging behind in the race with crypto. Mexico’s Financial Intelligence Unit recently published the results of its second National Risk Assessment. The report highlighted that the risk of money laundering in the banking sector far surpasses the issues encountered by fintech companies. According to El Economista, the so-called “G7 banking”…
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Brazil’s central bank believes you’ve got to change money, to save money. The Central bank of Brazil — or Banco Central do Brazil — is laying the groundwork for a Central Bank Digital Currency (CBDC) with an official statement revealing it has already formed a dedicated group to study the crypto industry. According to the…
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Everledger’s partnership with JD.com will allow buyers in China to purchase diamonds knowing their origins. DLT supply chain firm Everledger is partnering with local Chinese diamond sellers to ensure customers only receive genuine gemstones. In an Aug. 25 announcement, Everledger, a global digital registry for diamonds, said it would be working with Chinese e-commerce giant…
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Beijing’s strategic vision is to use blockchain technology, artificial intelligence, big data and 5G in social assistance system reforms. The Chinese Communist Party has identified blockchain as a key tool for its innovation of nationwide social services. On Aug. 25, the General Office of the Central Committee of the Communist Party of China and the…
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The traditional gaming industry dips its toes into blockchain. As part of its foray into the burgeoning non-fungible-token (NFT) gaming sector, NFT gaming ecosystem provider 8Hours Foundation appointed Michael Katz as a member of its advisory board. Katz has a long 25-year tenure within the video game entertainment sector, including top roles in major gaming…
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Could their partnership with a new age guru save lives? Hashgraph has partnered with the Chopra Foundation to develop a mental health platform that they hope will scale to 1 billion users within five years. The platform’s initial focus will be on suicide prevention, though they hope to eventually turn it into a broader mental…
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Akoin president Jon Karas says Akon’s crypto city could be the proving ground African economies need. The businessman behind Akon City, the 2,000-acre crypto project in Senegal ‘powered by’ Akoin tokens, has explained how the futuristic $6 billion city will work. Co-founded with singer Akon, the whitepaper for the Akoin cryptocurrency published in March, says…
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