NATIONAL AUSTRALIA BANK COMPLETES FIRST CROSS-BORDER STABLECOIN TRANSFER ON PUBLIC BLOCKCHAIN|1300 HKT | 0600 UKT | 15 March 2023

by Александр Пирогов | Mar 15, 2023 | Blog News

National Australia Bank (NAB) has claimed the first-ever cross-border stablecoin transfer by a major financial institution on a layer 1 public blockchain. NAB’s fully backed AUDN stablecoin, pegged to the Australian dollar, was used for the intrabank transfer. The...

BINANCE TO HALT STERLING DEPOSITS AND WITHDRAWALS AFTER PAYSAFE PULLS OUT |1300 HKT | 0600 UKT | 15 March 2023

by Александр Пирогов | Mar 15, 2023 | Blog News

Crypto exchange Binance will reportedly suspend sterling deposits and withdrawals after being informed by its partner Paysafe that the service will be halted from 22 May. The move will affect all Binance customers, and sterling transfers for new users have already...

SOUTH KOREAN GOVERNMENT INVESTS US$18.1 MILLION IN METAVERSE FUND TO DRIVE METAVERSE INITIATIVES |1300 HKT | 0600 UKT | 13 March 2023

by Александр Пирогов | Mar 14, 2023 | Blog News

South Korea’s Ministry of Science and ICT has invested 24 billion Korean won (US$18.1 million) in a fund aimed at driving metaverse initiatives in the country. The fund will support mergers and acquisitions of companies in the metaverse ecosystem and assist...

CRYPTO-FRIENDLY SIGNATURE BANK FORCED TO SHUT DOWN AS NY REGULATOR TAKES OVER |1300 HKT | 0600 UKT | 13 March 2023

by Александр Пирогов | Mar 14, 2023 | Blog News

Signature Bank, a crypto-friendly bank based in New York, has been closed down and taken over by the New York Department of Financial Services (NYDFS). The NYDFS has appointed the US Federal Deposit Insurance Corporation (FDIC) to handle the insurance process. The...

BITCOIN SOARS 5.3% AFTER US AGENCIES REASSURE ON DEPOSITOR PROTECTION |1300 HKT | 0600 UKT | 13 March 2023

by Александр Пирогов | Mar 14, 2023 | Blog News

Bitcoin surged by 5.3% to reach US$21,582, the highest gain in almost a month after the US Federal Reserve announced measures to protect depositors’ money and provide easier terms for short-term loans to help cash-strapped banks. The move came after the collapse...

SWIFT’S CBDC INTERLINKING SOLUTION SHOWS POSITIVE RESULTS IN PILOT TEST |1300 HKT | 0600 UKT | 10 March 2023

by Александр Пирогов | Mar 14, 2023 | Blog News

Bank messaging platform, SWIFT announced positive results from a pilot test of linking different central bank digital currencies (CBDCs) on 9 March. The 12-week testing period saw the simulation of almost 5,000 transactions between two blockchain networks and existing...