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Binance Announces System Upgrade for Improved Performance and Stability

Binance, the popular cryptocurrency exchange, has recently announced a scheduled system upgrade to improve the overall performance and stability of its platform. The upgrade is set to take place on April 23, 2024, from 06:30 (UTC) to 09:30 (UTC). According to the announcement posted on the Binance Support website, the system upgrade aims to enhance … Continue reading Binance Announces System Upgrade for Improved Performance and Stability

DWF Labs Renews Collaboration with DMCC to Propel MENA Blockchain Ecosystem Forward

DWF Labs is committed to investing in 50 startups operating in the web3 space, with a significant investment of USD $500,000 reserved for the most promising business. The partnership builds upon the foundation laid by the previous agreement, which included the establishment of a $5 million growth platform for Web3 businesses at the DMCC Crypto … Continue reading DWF Labs Renews Collaboration with DMCC to Propel MENA Blockchain Ecosystem Forward

India Taking a Step Towards CBDC After the Debut of its Blockchain-Based Payment System Vajra?

India has been taking multiple stances when it comes to blockchain and cryptocurrencies, as cryptocurrency has not been deemed legal, but not considered illegal either. The National Payments Corporation of India (NPCI) recently designed and adopted a blockchain-based system for automating payment clearing and settlement processes. Earlier this year, the Bank for International Settlements (BIS) … Continue reading India Taking a Step Towards CBDC After the Debut of its Blockchain-Based Payment System Vajra?

Response to Facebook Libra? EU Banks Can Deploy Payment System By 2020

All banks in the eurozone could share the instant payment system at the end of 2020, as reported by Reuters on 26 June. The real time payments are available since 2017. However, only half of the banks in the eurozone have adopted the technology and it is mainly used for domestic payments. Now, the adoption … Continue reading Response to Facebook Libra? EU Banks Can Deploy Payment System By 2020

Allianz Advances with Blockchain-Based Token System

As the growing adoption of blockchain technology approaches the mainstream enterprises, the insurance giant, Allianz has also entered the blockchain sector. Allianz Global Corporate & Specialty SE (AGCS) has progressively been developing a token-based ecosystem utilizing blockchain technology. Currently, the token is still in the experimental phase, although the basic core infrastructure has already been … Continue reading Allianz Advances with Blockchain-Based Token System

The Fate of Cryptocurrencies in a Fast-Changing Financial Ecosystem

As the financial media outlets are pushing Bitcoins with all her energy, a Harvard University Professor of Economics and Public Policy Kenneth Rogoff ascribed as a crypto Evangelists and has released some publications in the field of cryptocurrency opines that, with the massive push cryptos are getting, there would be a comprehensive market takeover where … Continue reading The Fate of Cryptocurrencies in a Fast-Changing Financial Ecosystem

iSunOne-MPC Partnership to Develop First-Ever Islamic Financial Blockchain System in Malaysia

iSunOne, a financial services company, has collaborated with Malaysia Productivity Council (MPC) to develop the first-ever Islamic financial network based on blockchain technology. Explicitly, MPC was created as a joint undertaking between the Malaysian federal government and the United Nations Special Fund. iSunOne is expected to be allocated more funds for the project, whereas MPC … Continue reading iSunOne-MPC Partnership to Develop First-Ever Islamic Financial Blockchain System in Malaysia

Deployment of Blockchain Across the Financial Ecosystem Still at Least Three Years Behind

September 16th marks the kickoff of the Gartner IT Symposium/Xpo 2019 in Cape Town, South Africa, with Blockchain being one of the technologies that this event plans to tackle, there is also a major interest in how this technology will be affecting certain industries in the coming years. With increasing interest in Blockchain, the firm is … Continue reading Deployment of Blockchain Across the Financial Ecosystem Still at Least Three Years Behind

Facebook’s Libra Creating Shadow Monetary Ecosystem Warns FAC

Facebook’s creation of cryptocurrency Libra will spawn a ‘shadow banking’ system outside of sanctioned financial markets according to US banks. According to Bloomberg, the Federal Reserve recently asked some of the US largest banks for their opinion on Facebook’s Libra project. The response was overwhelmingly negative with the majority of banks concerned with a potential … Continue reading Facebook’s Libra Creating Shadow Monetary Ecosystem Warns FAC

Indian Engineering Students Develop Blockchain-based Smart Voting System

Three Computer Engineering Students, from Malla Reddy Engineering College for Women, have created a Blockchain-based Voting System which will allow votes to be casted online, instead of the manual means of standing in a poll line. The Hindu BusinessLine published this report on Oct. 21. The news stated that the students were driven by an … Continue reading Indian Engineering Students Develop Blockchain-based Smart Voting System