Vietnam’s State Bank Starts explorations into the use of digital currency on the block chain
Vietnam’s prime minister, Phm Minh Chnh, has tasked the State Bank with conducting a research and implementation pilot programs for a digital currency in the country. According to reports, the State Bank of Vietnam is poised to become the next central bank to investigate the feasibility and operational viability of central bank digital currencies (CBDCs). […]
Nonfungible tokens (NFTs) explained for beginners
Nonfungible tokens are the new wave currently in the crypto space, this article gives an exposition on NFTs and all they entail. NFTs are digital objects with properties such as uniqueness and non-interchangeability that are confirmed on the blockchain. They can be in the shape of almost anything, but they’re most commonly seen as art, […]
Aave Pro To Be Launched This July, Promises To Support Only BTC, ETH, AAVE And USDC
During the conference and in this email, it was noted that Aave’s institutional product referred to as ‘Aave Pro’ intends to launch this month responding to “extensive demand from various institutions.” Aave to launch permissioned deployment for institutions in July In response to “extensive demand from various institutions,” Aave’s permissioned deployment will go live this […]
Binance’s Bitcoin holdings remain intact despite regulatory crackdown
The recent crackdown on Binance by six countries has not in any way affected its Bitcoin holdings. Supply remains strong and investors haven’t panicked as the case was during the crackdown on mining in China. Binance, the world’s largest cryptocurrency exchange by trading volume, has recently faced a host of regulatory challenges. More than six […]
Fitch Warns Stable Coin Growth Could Affect Credit Markets
In its report, Fitch warns that the potential for asset contagion risks presented by stablecoins may result in stricter restrictions for the sector. It has been cautioned that the rise of stablecoins that are not completely backed by secure assets may result in instability of short-term credit markets, according to rating agency Fitch. Reuters said […]