Japanese blockchain startup Soramitsu is exploring new central bank digital currency (CBDC) applications with a new project on the cross-border payment system for Asian countries. Soramitsu will deploy Cambodia’s CBDC and fiat-pegged stablecoins as part of its new payment system targeting countries like India, China, Japan and regions like Southeast Asia. The new project builds upon Soramitsu’s CBDC expertise, including…
Disney is reported to have created a task force to study artificial intelligence (AI) and its potential applications throughout the company, according to a Reuters report. According to the report, three sources close to the matter vouched for the information, with one of the sources being an anonymous internal advocate who said Disney must understand AI or risk falling behind.…
A partnership between crypto e-commerce platform Bitrefill and eSIM Go enables crypto users to buy eSIMs in 140 countries worldwide. Crypto advocates can now swap crypto for data at the checkout, using Bitcoin (BTC), the Bitcoin Lightning Network, Ether(ETH) and stablecoins like Tether (USDT). The move makes it easier to live on crypto and travel the world. Bitrefill founder and…
Coinbase has unveiled plans to initiate a buyback of a portion of its $1 billion bonds. The buyback initiative will see the San Francisco-based company repurchase up to $150 million of its $1 billion bonds set to mature in 2031, with Citigroup Global Markets managing the offer. Coinbase’s tender offer is structured in a tiered manner, designed to incentivize early participation.…
Data has always been a sensitive topic since the advent of the internet. Various challenges like misuse and improper data management have led many to search for a solution — and some believe that it could be found in Web3 through Self-Sovereign Identity (SSI). Various projects have introduced SSI within their protocols. One of the most recent projects to do…
Nairobi police, along with multi-agency officials, raided a Worldcoin warehouse in the Kenyan capital last Saturday, local news outlets reported. Police officers reportedly seized documents and machines which were allegedly sent to the Directorate of Criminal Investigations headquarters for examination. According to local media, Immaculate Kassait, the commissioner of Kenya’s Office of Data Protection, said Worldcoin’s parent company Tools for…
Enhanced risk management We are always looking for ways to help our clients participate in crypto markets with greater confidence. So we are pleased to introduce our liquidity pool for futures, designed to minimize the need to unwind futures positions and improve the experience of Position Assignment System (PAS) participants. The liquidity pool provides additional downside protection against sudden market…
The United Kingdom government could rebalance the power between the central bank of the country, Bank of England (BoE) and the principal financial regulator, the Financial Conduct Authority (FCA), in the former’s favor. That follows from the 40-page response to the consultation process, published by His Majesty’s Treasury on August 7. The consultation under a headline ‘Payments Regulation and the…
The price of XRP has fallen by more than 10% over the last week, according to CoinGecko data. The token’s bullish price action appears to be finally fading after the groundbreaking court ruling last month in which a U.S. court judge issued a partial ruling in Ripple’s ongoing case with the SEC. On July 13, New York district court judge…
Over two-thirds of artificial intelligence (AI)-powered extensions for the Google Chrome browser have a high-risk impact and could be “highly damaging” to user cybersecurity if breached, according to data from a new Incogni report. The August report analyzed 70 AI Chrome extensions across 7 different categories, including 10 writing extensions which all fell into the high-risk category. 48 of 70…
