UFC Fighters to Receive Bitcoin Bonus
UFC and Crypto.com have teamed up to introduce a new fight night bonus to pay fighters in Bitcoin. Crypto.com, a popular cryptocurrency trading platform, recently announced a partnership with the Ultimate Fighting Championship to pay bonuses to UFC fighters in Bitcoin, the world’s most valued digital currency. To reward UFC combatants, both companies have introduced […]
South African Reserve Bank completes technical PoC for implementing its CBDC
The South African Reserve Bank (SARB) has completed a technical proof-of-concept (PoC) initiative, further work would be taken to study the findings from the project and then used to establish its central bank digital currency (CBDC). Project Khokha 2 (PK2) is the follow-up to SARB’s Project Khokha (PK1), which was launched in 2018. It used […]
South Korean Bank Opens First Crypto Accounts
South Korea’s Shinhan Bank has become the first local financial institution to offer crypto accounts. Korbit, a cryptocurrency exchange platform, has received corporate won accounts from Shinhan Bank. Previously, the Korea Federation of Banks (KFB) had applied for a license to provide digital asset services from the incoming pro-crypto administration. This is the first case […]
WeChat Supports Digital Yuan Pilot Campaign
WeChat announced its support for the digital yuan program. Its users will be able to make digital yuan transactions as part of the pilot experiment. The central bank digital currency (CBDC) program has expanded to 11 more cities. WeChat, a popular Chinese messaging and social media platform were one of the first big Chinese apps […]
Mozilla Foundation resumes donations in crypto however rejects Bitcoin
After halting crypto donations on the basis of environmental concerns, the Mozilla foundation has resumed accepting donations in cryptocurrencies (basically altcoins) with the exception of Bitcoin. According to a blog post by executive director Mark Surman, the Mozilla Foundation has decided to resume accepting crypto donations in the near future. It has, however, outlawed energy-intensive […]