press release PRESS RELEASE. Dubai, United Arab Emirates, March, 2023 – MaskEX, a rapidly expanding third-generation crypto exchange, headquartered in Dubai, has announced the launch of its crypto-backed Virtual Card, enabling users to spend their crypto as fiat in more than 176 countries with over 50 million merchants worldwide. This new feature is now available to all ID-verified MaskEX users.…
Binance has turned to a new set of stablecoins in the wake of the United States Securities and Exchange Commission’s (SEC) regulatory action against its native stablecoin, BUSD. SEC had sent a Wells notice, alleging BUSD is in violation of the U.S. Securities Law. Following SEC’s notice, the New York Department of Financial Services (NYDFS) asked BUSD issuer Paxos to…
Bybit is set to launch a new debit card offering that will allow users to make payments and withdraw cash using cryptocurrency holdings. The Bybit Card will operate on the Mastercard network and will allow for fiat-based transactions by debiting cryptocurrency balances when used to pay for goods and services. The service begins with the launch of a free virtual…
Babel Finance, the Hong Kong-based crypto lending platform, plans to introduce a decentralized stablecoin that will be used to repay the firm’s creditors, according to a Bloomberg report. The firm’s restructuring efforts are helmed by Babel co-founder Yang Zhou, who is now the company’s sole director, and revolve around a decentralized finance (DeFi) project called “Babel Recovery Coins.” It’s pitched…
Local authorities in Singapore announced they had begun a probe that is connected to Do Kwon’s Terraform Labs. According to a Bloomberg report, Singaporean police sent an email on March 6, which said, “investigations have commenced in relation to Terraform Labs.” The email also added that the inquiries are “ongoing,” and Do Kwon is not currently in the city-state. Last…
Yuga Labs Bitcoin NFT offering has kicked off with a bang. The firm behind Bored Ape Yacht Club (BAYC) NFTs opened bids for its first 300-piece Bitcoin NFT collection, called TwelveFold, early Monday morning. TwelveFold follows fast on the heels of the recent excitement around non-fungible tokens (NFTs), notably Ordinals. But unlike Ethereum-based NFTs, buying artworks built on the premier…
Yuga Labs Bitcoin NFT offering has kicked off with a bang. The firm behind Bored Ape Yacht Club (BAYC) NFTs opened bids for its first 300-piece Bitcoin NFT collection, called TwelveFold, early Monday morning. TwelveFold follows fast on the heels of the recent excitement around non-fungible tokens (NFTs), notably Ordinals. But unlike Ethereum-based NFTs, buying artworks built on the premier…
Meta, the social network company, is getting some pushback on its plan to market and bring Horizon Worlds, its flagship metaverse app, to teens. Democratic senators Ed Markey and Richard Blumenthal directed a letter to the company to halt these actions, citing concerns about the interactions that teens could have in Meta’s virtual worlds. Meta Sees Opposition to Metaverse Adoption…
Iran is moving forward with its central bank digital currency (CBDC) plans, completing preliminary research for the launch of a potential digital rial. The Central Bank of Iran (CBI) has successfully completed a pre-pilot phase in the development of Iran’s CBDC, according to an official statement by CBI’s research arm, the Monetary and Banking Research Institute (MBRI). Mohammad Reza Mani…
Women have made significant contributions to the field of technology throughout history, but their achievements have often been overlooked or undervalued. By highlighting the accomplishments of women in tech, we can celebrate their achievements, break down stereotypes, and promote gender equality in the industry. Recognizing women’s contributions in tech also helps to create role models for young girls and women, inspiring…
