A Senator in the United States has sent a letter to the CEOs of popular companies, Google and Apple. In the letter, the senator asked them to help tackle the issue of fraud using fake cryptocurrency apps. Both platforms have app stores where users can upload applications for others to download. The senator asked both […]
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The CBK (Central Bank of Kenya) is working on issuing a digital Shilling. This shows that Africa is gradually opening up to the adoption of CBDCs. However, the IMF has warned that Kenya’s CBDC could limit private digital currencies. Also, it could harm banks and fintech firms by stealing their customers. Hence, the IMF has […]
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Although the crypto market has been on a bearish run, several companies continue to invest in crypto-based firms. However, reports show that the bearish market has reduced the number of funding for crypto firms. Global financial company, Barclays PLC, has stated that it would invest funds in the crypto company Copper. This investment is part […]
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The US FTC (Federal Trade Commission) had submitted a lawsuit against Mark Zuckerberg and Meta. The lawsuit aims to prevent the social platform from owning the metaverse. The FTC alleged that Meta’s potential acquisition of Within, a VR firm, and Supernatural, a fitness app, is illegal. The commission cited the antitrust laws in the US, […]
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Crypto exchange platform FTX.US has added numerous stocks to its platform. This aims to expand its services to include mainstream assets apart from virtual currencies. Meanwhile, FTX has been in the news lately, rescuing falling crypto firms. The platform even offered to help Voyager Digitals with withdrawals. FTX.US Now Offers Stock Trading For US Users […]
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The SMBC (Sumitomo Mitsui Banking Corporation) ‘s second largest bank in Japan, has revealed plans to expand in the digital asset sector. As per reports, the bank will devolve into the world of Web3 and NFTs. Additionally, the bank will collaborate with the Hashport group. This group offers listing and tokenization services in Japan. With […]
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Countries and fintech firms are becoming receptive to the Web3 industry. This is due to the potential of the industry and the benefits it can offer. Japan has also embraced the industry. The country’s METI (Ministry of Economy, Trade and Industry) has opened a Web3 Policy Office in the country. Japan’s Fighting To Accelerate Web3 […]
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China has been making headlines with its CBDC recently. The digital Yuan has received wide usage compared to other CBDCs globally. Meanwhile, the country has vowed to safeguard the privacy of those using the digital Yuan. This is due to recent criticisms from analysts. China To Prevent Illicit Usage Of The Digital Yuan According to […]
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Bankrupt cryptocurrency platform Voyager Digital is working on resuming withdrawals on its platform. According to the firm, it has sent permission to the court to allow users to withdraw their balance. Meanwhile, FTX exchange has offered to help the platform with the withdrawal process. FTX offers to allow the customers of Voyager to withdraw using […]
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As technology continues to advance, the issue of cybersecurity becomes more crucial for companies. This is due to increased fraud and data theft going on the internet. As a result, the CEO of PolySwarm firm, Steve Bassi, has called on firms to embrace blockchain technology for improved cybersecurity. PolySwarm’s CEO Highlights The Need For Blockchain […]
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