Aptos, Microsoft Partner to Fuse AI with Blockchain
Microsoft has partnered with blockchain platform Aptos Labs to boost its AI efforts and enter the web3 market. Aptos Labs will use verified blockchain data to aid Microsoft’s AI model training and run validator nodes on Azure cloud. This collaboration aims to enhance AI-generated content’s credibility, reliability, and transparency As per Aptos Labs’ CEO Mo […]
Russia to Start CBDC Trials With 13 Banks
The Bank of Russia (BoR) has announced that it will start using digital rubles for testing Russia’s central bank digital currency (CBDC) project. The testing phase begins on August 15, with 13 banks and a few consumers participating. According to First Deputy Governor Olga Skorobogatova , the project’s critical stage will involve trial operations using […]
Soramitsu to Launch Cross-border CBDC in Asia
The Japanese fintech company Soramitsu is developing a cross-border payment system for Asian nations using central bank digital currencies (CBDCs). They have incorporated CBDCs from Laos and Cambodia, like the Bakong CBDC. This system aims to facilitate digital transactions involving stablecoins tied to established legal currencies. Bakong’s success is evident from its widespread use, serving […]
Bitstamp to Suspend Trading of Major Crypto Tokens in US
Luxembourg-based crypto exchange Bitstamp will halt trading seven major altcoins for US users starting August 29, 2023. The affected coins include Axie Infinity (AXS), Chiliz (CHZ), Decentraland (MANA), Polygon (MATIC), Near (NEAR), Sandbox (SAND), and Solana (SOL). Despite the trading suspension, Bitstamp clarified that customers can still hold and withdraw these assets from their accounts. […]
Are Cryptocurrencies the New Safe-Haven Assets?
In the dynamic world of finance and investments, pursuing safe-haven assets has always been paramount to investors looking to safeguard their wealth during economic uncertainty. Safe-haven assets, also known as flight-to-safety assets, are financial instruments perceived to have low risk and tend to retain or increase value during market turmoil or crisis periods. Traditionally, assets […]