Singapore regulatory sandbox lacks qualified crypto payment providers
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Singapore regulatory sandbox lacks qualified crypto payment providers

The Monetary Authority of Singapore (MAS) has said that no businesses have qualified to participate in the FinTech Regulatory Sandbox framework as cryptocurrency payment providers.  Responding to a letter criticizing the Singaporean government’s lack of public consultation and oversight on crypto adoption published in the Financial Times, MAS clarified that the country does not have a “crypto sandbox,” but rather…

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What is OpenSea and how to use it?
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What is OpenSea and how to use it?

The rise of nonfungible token (NFT) marketplaces has ushered in a new era, fundamentally reshaping the way we perceive and interact with digital assets. They provide a new medium for artists to showcase their creations and establish a direct and meaningful connection with their audience. OpenSea has taken center stage in this revolution. What is OpenSea? OpenSea, the brainchild of…

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Blockchain could have prevented Nigeria's naira scarcity effects
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Blockchain could have prevented Nigeria’s naira scarcity effects

A group of local blockchain experts discussed how blockchain technology can help solve economic problems in Nigeria and throughout the African continent. In their discussion, Nigeria’s naira flow shortage was used as a case study. At the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN)’s Digital Assets Summit 2023, held in Abuja, the nation’s capital, stakeholders discussed the decision by…

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Ant Group launches a new blockchain brand for Web3 developers
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Ant Group launches a new blockchain brand for Web3 developers

Ant Group, the owner of the world’s largest mobile payment platform Alipay, revealed its new sub-brand under the name ZAN. The brand will focus on blockchain development and services for both institutional and individual Web3 developers.  The official press release, published on Sept. 8, cites a wide scope of technical products and services, which ZAN will offer to its clients.…

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Africa's blockchain journey begins with poverty alleviation
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Africa’s blockchain journey begins with poverty alleviation

There has been a resounding call for Nigeria, and Africa in general, to incorporate blockchain technology into its mainstream living. However, during a fireside chat involving stakeholders in the Nigerian blockchain community, it was noted that poverty has to be conquered first before blockchain technology can be properly incorporated into African society. At the Stakeholders in Blockchain Technology Association of…

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Decentralized Infura launch within months, Web2 cloud giants may join: Consensys
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Decentralized Infura launch within months, Web2 cloud giants may join: Consensys

Decentralized Infura will launch by the end of the year — with major Web2 cloud providers set to become part of the network — according to Consensys head of strategy Simon Morris at Korean Blockchain Week. “We’re looking to launch something later this year, but then there’s going to be what they call a federated phase that they’re expecting to…

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Aussie fintech prays for crypto clarity as it launches Bitcoin-backed loans
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Aussie fintech prays for crypto clarity as it launches Bitcoin-backed loans

Australian fintech firm Block Earner is charging ahead with plans to launch a crypto-backed loans product, despite staring down an upcoming court date with the financial regulator for allegedly offering financial products without a license.  The new crypto loan product allows Australian crypto investors to use crypto as collateral to borrow cash. Coinbase once offered a similar service to its…

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