BIS developing ‘Pyxtrial’ for systemic stablecoin monitoring
The BIS has announced a new project named Pyxtrial aimed to develop a platform to monitor stablecoin balance sheets. According to a corporate release, the Bank of International Settlement (BIS) announced through its innovation hub that it would introduce the Project Pyxtrial stablecoin monitoring system. According to the paper, the BIS innovation hub, which was […]
SAND surges 30% after Saudi Arabia agreement
Saudi Arabia and The Sandbox reach an agreement, details unknown but this pushes SAND price by about 30% towards $1 milestone. According to a February 7 LinkedIn post, Saudi Arabia and the well-known blockchain game The Sandbox have signed a contract. The Sandbox’s co-founder and chief operating officer, Sebastien Borget, said that the Digital Government […]
Nokia Brings Metaverse To Remote Breweries, Aircraft Techs
In order to improve the remote work experiences for employees across various industries, Nokia is now utilizing the Metaverse. Nokia, a global leader in mobile technology, is extending its corporate reach into the metaverse. The Finnish are using it to remotely assist mechanics and employees of beer breweries. In order to better position itself for […]
SEC to increase supervision of cryptocurrency investment advisors
The US Securities and Exchange Commission (SEC) has published a notice mandating closer examination of crypto brokers and financial advisers. The Securities and Exchange Commission (SEC) of the United States has declared that new regulations controlling cryptocurrency brokers and investment advisors providing clients with financial advice on cryptocurrencies would be implemented in the securities market. […]
Hut 8, U.S. Bitcoin Announce Mining Merger
Hut 8 Mining, a Canadian cryptocurrency mining company, has announced plans to merge with US Bitcoin to create Hut 8 Corp. In a statement on February 7, Hut 8 stated that the boards of directors of the two companies had unanimously accepted a binding agreement to combine the two mining companies into one new company […]