The Bank for International Settlements (BIS), which includes 63 central banks and monetary authorities, sees significant potential in the widespread adoption of generative artificial intelligence (AI), a technology that many central banks are increasingly interested in. In a survey of 32 central bank members, the BIS found that 71% are already using generative AI, while … Read more
With U.S. financial markets on pause for Memorial Day, the crypto markets have had a relatively calm start to the week, except for one standout: Chainlink (LINK). As the 14th largest cryptocurrency by market cap, LINK has surged over 10% in the past day, now trading at $18.75, according to CoinGecko data. Chainlink’s native token, … Read more
The Russian Central Bank has observed a significant increase in citizens’ transactions on crypto exchanges and peer-to-peer trading platforms. According to RBC, the bank’s financial stability report highlighted several trends in Russian citizens’ crypto transactions. The report noted that from the fourth quarter of the Financial Year 2023 to the first quarter of FY2024, the … Read more
Taurus, a leading provider of crypto technology solutions, has revealed its plans to expand into the North American market with the opening of a new office in Vancouver. As outlined in a press release, this strategic move comes in response to the increasing demand from financial institutions in North America seeking to offer a wider … Read more
Mastercard’s recent announcement of its blockchain and digital asset program includes the selection of five innovative startups, marking a significant stride toward incorporating blockchain technology into the financial sector. These chosen startups will engage in collaborative efforts with Mastercard aimed at exploring and advancing blockchain applications, thereby expanding the scope of digital payments. Mastercard Promotes … Read more
BVNK, a provider of payment infrastructure, has announced the incorporation of the PayPal USD (PYUSD) stablecoin, issued by Paxos Trust Company, into its payment system. This integration enables businesses to utilize PYUSD on BVNK’s platform, which supports various digital and fiat currencies. Moreover, as an authorized member of the PYUSD ecosystem, BVNK can directly generate … Read more
On May 15, the fintech leader Mastercard revealed the inclusion of five new startups in its Start Path Blockchain and Digital Assets program. This program serves as a fintech accelerator, aimed at exploring potential future applications and scaling new solutions with startups globally. The newly added participants include Kulipa, a crypto payment and card issuer, … Read more
Deutsche Bank, a German multinational investment bank, is teaming up with the Monetary Authority of Singapore (MAS) on asset tokenization. Deutsche Bank has joined MAS’s Project Guardian, which focuses on tokenizing assets in wholesale funding markets and decentralized finance (DeFi) applications.As part of this collaboration, Deutsche Bank will test an open and interoperable blockchain platform … Read more
The financial landscape of the Philippines is on the cusp of transformation as the central bank has authorized Coins.ph to test a pioneering stablecoin in the nation’s vital remittance market. This step marks a significant advance in modernizing the remittance sector, one of the largest globally, with the goal of enhancing its efficiency and accessibility. … Read more
CoinGate, a well-known cryptocurrency payment processor, has unveiled the incorporation of the Solana (SOL) network into its payment gateway. Effective today, May 14, merchants have the option to receive Solana (SOL) as a form of payment currency through CoinGate’s platform. Furthermore, the USD Coin (USDC) stablecoin is set to launch on the Solana network, with … Read more