DBS Tests Blockchain-Based Government Grant Disbursements
DBS has unveiled a blockchain-powered system that makes use of smart contracts to expedite the distribution of government funds. A report from the local media claims that DBS, in association with Enterprise Singapore and the Singapore Fintech Association, successfully completed the trial. Twenty-seven regional fintech businesses participated in the trial program, and the SFA […]
PayPal Partners with Anchorage Digital to Offer PYUSD Rewards
PayPal has teamed with Anchorage Digital to promote PYUSD despite legal and regulatory issues with stablecoin interest payments. Thanks to this partnership—which Fortune first announced—incentives for institutional investors to hold PayPal’s PYUSD will be provided. Unlike other cryptocurrency organizations that operate under state licenses or as uncontrolled enterprises, Anchorage Digital is the only U.S. crypto […]
ETHA Ethereum ETF First to Hit $1 Billion in Net Flows
ETHA Ethereum ETF set a record by surpassing $1 billion in net flows, making it the first among nine ETH ETFs to achieve this milestone. Following the success of the spot Bitcoin ETF, the spot Ethereum ETF is pursuing even more ambitious objectives. Following the approval of the ETH ETF in May and the start […]
Upbit Lowers Withdrawal Fees for Shiba Inu, 21 Cryptos
Upbit announced a reduction in withdrawal fees for 22 cryptocurrencies, including ETH and SHIB effective August 23, 2024. Upbit, the premier global digital asset exchange in South Korea, has today announced a decrease in withdrawal fees for 22 cryptocurrencies. These include notable tokens such as Shiba Inu (SHIB) and Ethereum (ETH). Upbit Cuts Down Withdrawal […]
Binance Labs Invests in 4 Crypto Startups, BNB Price Up 7%
Binance Labs has invested in four notable crypto startups namely Aggregata, Opinion Labs, SideKick and Vooi. Binance Labs, the venture capital and innovation incubation subsidiary of Binance has disclosed its investment in four significant crypto startups. These are the champions of the most recent round of the Most Valuable Builder (MVB) Accelerator Program. The most […]