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China to expand CBDC use case for Belt and Road Initiative
24.4.2023
China was one of the first nations to start working on its CBDCs. However, despite the completion of its development, the government is yet to officially launch the CBDC
Brazil and China Deepen Trade Integration to Move Away From US Dollar, as First Yuan-Based Settlement Is Processed
15.4.2023
Brazil and China have reached a milestone in their economic integration, as the first bilateral settlement in Chinese yuan was completed ahead of the visit of President Luis Inacio “Lula” da Silva to China. The settlement, which was processed by the Industrial and Commercial Bank...
Avalanche launches initiative for digital artists, NFT creator protests Sotheby’s gender bias, and more
31.3.2023
The Avalanche Foundation has launched a new mentoring initiative for digital artists, and Ticketmaster has introduced a new feature allowing artists to reward NFT holders
Report: UAE Central Bank Implements Digital Currency Strategy
29.3.2023
The central bank in the United Arab Emirates said it has started implementing its digital currency strategy with partners G42 Cloud and R3. According to the central bank, the digital currency initiative is expected to “further position and solidify the UAE as a leading global financial...
OPEN HUB for Smart World: NTT.com’s digital human workplace initiative
20.3.2023
NTT group’s subsidiary, NTT Communications Corporation, a subsidiary of Nippon Telegraph & Telephone (NTT) group, expanded its co-creation program, “OPEN HUB for Smart World.” The company announced the launch of its initiatives, which include a blend of the metaverse and digital...
MultiversX X Tencent Cloud: An initiative to add value within Web3 & Metaverse
17.3.2023
MultiversX happens to be extremely pleased to make its official announcement of having formed a mutually beneficial partnership with Tencent Cloud. The entity happens to be a much-respected global technology company. With this joining up together, plans are afoot for the effective utilization...
India, UAE Collaborate to Boost Cross-Border Central Bank Digital Currency Transactions
16.3.2023
India’s central bank, the Reserve Bank of India (RBI), and the Central Bank of the United Arab Emirates (UAE) have agreed to collaborate on cross-border central bank digital currency (CBDC) transactions of remittances and trade. The initiative is “expected to reduce costs, increase efficiency...
Binance Converts $1 Billion BUSD Into Bitcoin, BNB, and Ethereum
13.3.2023
On Monday, Binance CEO Changpeng Zhao, also known as CZ, announced that the company had decided to convert $1 billion worth of BUSD from the Industry Recovery Initiative fund into three different cryptocurrencies. Zhao noted that significant onchain movements would be noticeable following...
Binance Suddenly Converts $1 Billion From Industry Recovery Initiative to Bitcoin, Ether, BNB – Here's Why
13.3.2023
Binance has confirmed plans to convert $1 billion worth of Binance USD (BUSD) from its Industry Recovery Initiative to native crypto assets, including Bitcoin, Ethereum, and BNB.
In a Monday tweet, Binance CEO Changpeng Zhao said the world's largest cryptocurrency exchange plans to convert...
Latam Countries Prepare Regional Agreement to Counter Rampant Inflation
4.3.2023
A group of countries in Latam is preparing a regional agreement to address inflation, a problem common to most nations in the region. The initiative, which is being spearheaded by Mexican president Andres Lopez Obrador, would allow the exchange of products with high prices between the states...
MCV x Polygon: An initiative to serve low-income groups
3.3.2023
A section of the population has been unbanked by several ventures, but that is about to change, courtesy of the partnership between Polygon Labs and Mercy Corps Ventures. Both have announced the leverage of innovative blockchain solutions to empower those who are categorized under low-income...
Report: South African Startup Momint Seeks to Boost Electricity Generation Using Blockchain-Based Solution
21.2.2023
Using a solution that is based on blockchain technology, the South African startup Momint has said the recently launched Suncash initiative aims to ease the country’s power generation challenges. For about $9, investors can reportedly buy non-fungible tokens (NFTs) linked to solar cells which...
Abu Dhabi Starts $2B Initiative to Back Web3 Startups
15.2.2023
The Hub71 + Digital Assets ecosystem will also back companies focusing on blockchain technologies
UAE Launches ‘Financial Infrastructure Transformation’ Program; CBDC Among 9 Key Objectives
14.2.2023
On Feb. 12, 2023, the Central Bank of the United Arab Emirates (CBUAE) announced the launch of a new initiative called the “Financial Infrastructure Transformation Program,” which has nine key objectives. One of these objectives is the research and development of a central bank digital...
Amazon to Enter the Crypto NFT Market with Gaming Initiative – Here’s What You Need to Know
27.1.2023
Amazon reportedly aims to dabble into NFTs and Web3 gaming with an upcoming initiative related to digital assets.
The world’s largest retailer is planning to launch a “digital assets enterprise” focused on non-fungible tokens and Web3 gaming this spring, Blockworks reported Thursday, citing four...
Russia Mulls Gold-backed Stablecoin, Lawmaker Confirms After Iran Visit
27.1.2023
Russia may issue a stablecoin backed by gold to use in international settlements, a high-ranking member of the Russian parliament has admitted. The matter has been discussed during a recent visit to Iran where officials have also signaled interest in such an initiative. Iran and Russia Talk...
Indian Government Launches Blockchain Initiative With 5ire, Network Capital
23.1.2023
The Indian Government's apex public policy think tank, NITI Aayog, has launched a blockchain module in partnership with 5ire, a blockchain focused company, and Network Capital, a mentorship and career exploration platform
Spain's central bank approves euro-linked token pilot as part of sandbox initiative: Report
18.1.2023
To use the tokens, users will need to verify their identity through phone and video identification, and load their wallet with real euros
Shanghai Metaverse Pilot Introduces Digital Services in 20 Urban Locations
18.1.2023
The city of Shanghai is bringing metaverse activities to 20 urban locations, that will allow citizens to use digital tools in different ways according to the area. The initiative is part of a pilot program of the Shanghai Municipal Commission of Economy and Informatization to push more metaverse...
MetaGreen on Sandbox: Regal Hotel’s newly launched green initiative to raise sustainability awareness
12.1.2023
Regal Hotels Group goes ahead and carries out the launching of its MetaGreen on The Sandbox. The prime aim and intention behind this happen to be the creation of further awareness regarding the important issue of sustainability, along with the building of a variety of green ecosystems. The entire...