Busan City To Launch Digital Commodities Exchange
Busan, South Korea’s second-largest city, announced that it would launch the world’s first decentralized digital commodity exchange. The world’s first decentralized digital commodity market, in which all goods are tokenized and sold based on blockchain, will debut in Busan, South Korea, by the second half of 2023. The exchange will begin by tokenizing intellectual properties […]
National Australia Bank launches AUD stablecoin
National Australia Bank has developed AUDN, a stablecoin that enables business customers to settle transactions in Australian dollars. The National Australia Bank (NAB) will be the second of the “Big 4” Australian banks to launch an Australian dollar-pegged stablecoin on the Ethereum network. According to an Australian Financial Review report from January 18, the AUDN […]
Microsoft develops 3D avatar diffusion Model For Metaverse
Microsoft has developed a diffusion model that can construct a three-dimensional (3D) avatar from a single, two-dimensional (2D) picture of a human face. The 3D Avatar may be used to provide VR or AR gaming experience. The diffusion model was developed by a group of researchers at Microsoft Research and was presented in an article […]
Binance faces money laundering accusation in connection with Bitzlato
In recent news, Binance cryptocurrency exchange has allegedly been affiliated with money laundering through transactions with crypto exchange Bitzlato. The creator of Bitzlato, a Russian named Anatoly Legkodymov, has been charged with using the website to launder 700 million dollars. According to the U.S. Justice Department, these monies have been used to carry out criminal […]
CoinDesk reportedly considers sale option
Coindesk media and publishing business is apparently considering a possible sale, as its parent firm Digital Currency Group (DCG) seeks to bolster its financial sheet. DCG has also reportedly received offers for CoinDesk in recent weeks. The Wall Street Journal reports that CoinDesk has enlisted the assistance of investment bankers from the financial consultancy company […]