Concordium partners with Swvl to provide blockchain-based mass transit systems
Blockchain technology is being adopted in several spheres with the transport industry not left behind. Concordium has announced a partnership with Swvl to bring blockchain-based mass transit systems. Concordium, a leading blockchain technology firm , and Swvl, Inc. (“Swvl”), a Dubai-based supplier of mass transit and shared mobility solutions, today announced a strategic agreement to […]
Hong Kong’s HMVOD to Accept Bitcoin for Membership Subscriptions in October
In October, HMVOD, a publicly traded online entertainment platform in Hong Kong, would accept Bitcoin as payment for membership memberships. Customers of HMVOD Limited (stock code: 8103.HK) will be able to pay their monthly membership fees in Bitcoin starting in early October, according to a voluntary notification made on the Hong Kong Exchange platform on […]
Stellar blockchain to host Thailand-Europe cross-border payments
Velo Labs, Tempo Payments and Bitazza, have partnered to host Thailand’s new cross-border remittance corridor which will connect it to 27 European countries and serve around 600 million customers. A new partnership between Velo Labs and two financial institutions has resulted in a $17 billion remittance corridor between Europe and Thailand, which runs parallel to […]
Poly Network hacker makes move to return stolen funds
Following the $600 million hack on Poly Network yesterday, the hacker has stated they will return the stolen cryptocurrency funds and have asked for a secured multi-sig wallet. The Poly Network hacker has stated his willingness to refund the stolen cryptocurrency cash following a large $600 million exploit of the cross-chain protocol Poly Network. The […]
USDC on Coinbase is now ‘backed by fully reserved assets’
Contrary to the “backed by U.S. dollars in a bank account for USDC on Coinbase,” the website now states that USD Coin is “backed by fully reserved assets.” USD Coin (USDC), Circle’s dollar-pegged stablecoin, appears to have lost one of its most significant competitive advantages over Tether (USDT) (USDT). Following an audit that revealed that […]