Author: CryptooTimes
May 17: Oobit, a mobile payment app, has “collaborated with TON Foundation to integrate its native cryptocurrency, TON (Toncoin), into its platform, advancing the usage of cryptocurrency as a means of payment,” according to the team: “Toncoin holders will be able to Tap & Pay at over 100 million retailers worldwide. The integration will further strengthen the recent announcement of the collaboration between the largest company in the digital asset industry, Tether, and the TON Foundation.” According to a separate press release on Tether’s website: Users will be able to “send USDT as a direct message on Telegram and spend…
Emtech Pioneers the Integration of CBDCs in Fintech, Offering New Opportunities for Financial Inclusion and Efficiency Introduction In a world where digital transformation is the norm, Emtech has emerged as a trailblazer with its groundbreaking Central Banking Infrastructure and CBDC Innovation Kit, hosted on the Hedera network. This innovation promises to redefine how digital currencies are integrated into the financial ecosystem, offering significant benefits like enhanced financial inclusion and reduced transaction costs. But what exactly is Emtech, and why is their CBDC Innovation Kit a game changer in the financial industry? Emtech, a first-of-its-kind Modern Central Banking Infrastructure provider, launched…
India’s Securities and Exchange Board of India (SEBI) wants cryptocurrency oversight to be distributed, proposing a multi-agency approach. Official documents disclosed by Reuters reveal that SEBI recommended that different regulators should work in unison to oversee the cryptocurrency sector in the nation. The suggestions were presented to an advisory panel for India’s finance ministry. Per the proposal, SEBI would monitor cryptocurrencies classified as securities, along with initial coin offerings, and issue licenses for related products. All crypto-related insurance cases would be under the domain of the Insurance Regulatory and Development Authority of India. Meanwhile, the Pension Fund Regulatory and Development…
The XRP Ledger (XRPL) recorded 251.39 million on-chain transactions during the first quarter of 2024, an increase of approximately 108% compared to the last quarter of 2023. Source link
SOL hit $170 on Friday, its highest price in more than a month, before slightly retreating to $166 recently. It has advanced nearly 7% over the past 24 hours and is now up more than 40% from the crypto market’s local bottom in early May, while BTC sank to $56,000. Source link
In a virtual symposium that crackled with anticipation, Genfinity recently orchestrated a high-stakes panel discussion that promised to unravel the enigmatic tapestry of Web3 technology. Picture this: luminaries from the likes of Brillion Finance, Constellation Labs, XinFin, LUKSO, Aleph Zero, and HashPack Wallet converging in a digital arena, each a titan in their own right, poised to chart the course for the future of decentralized innovation. As the digital curtains rose, the stage was set for a gripping exchange of ideas, with the panelists primed to unveil the secrets of Web3’s transformative potential. Against a backdrop of swirling uncertainties in…
With Bitcoin surging to $66,700, could a new all-time high be on the horizon, fueled by easing U.S. inflation and talk of Fed rate cuts? Bitcoin (BTC) has recently surged in price, reaching as high as $66,700 on May 16, with the current price standing at $65,800 levels. This uptick follows the release of the U.S. economic data. Inflation across the U.S. eased slightly last month, with the consumer price index (CPI) rising at an annual rate of 3.4% in April, down from 3.5% the previous month. CPI data suggests a potential downward trend in the cost of living, prompting…
This move follows a recent crackdown that involved confiscating 2,000 cryptocurrency mining devices as part of an anti-corruption initiative. Source link
Unfortunately however, the legislative measure is now heading to the desk of President Joseph Biden, who has vowed to veto it in a show of solidarity with the SEC. Although a number of high profile Democrats, including New York Sen. Chuck Schumer, voted in favor of overturning the bulletin, the Senate’s 60 to 38 vote on Thursday failed to cross the threshold to override a presidential veto. Source link
Nexera, a pioneering force in the realm of blockchain innovation and tokenization, proudly announced a significant enhancement to its Nexera Bridge infrastructure. This upgrade was made possible through the integration of Chainlink’s Cross-Chain Interoperability Protocol (CCIP), a move poised to revolutionize cross-chain transactions. We are thrilled to announce a significant upgrade to Nexera Bridge by integrating @Chainlink’s Cross-Chain Interoperability Protocol (CCIP)! To complete this update, the Bridge will be in maintenance mode for 48 hours from 6:00PM CEST (4:00 PM UTC) today until 6:00 PM CEST… pic.twitter.com/SrHDaEJ5nC— Nexera (@Nexera_Official) May 14, 2024 X.com The Promise of Cross-Chain Tokenization The tokenization…
