Busan to Build Urban Blockchain, Digital Asset Exchange
The second-largest city in South Korea, Busan, is starting a bold initiative to transform into a blockchain city. The project’s goal is to combine multiple blockchain-based services from several platforms into a single, integrated platform that will drive the growth of the city. The Busan Digital Asset Exchange Establishment Promotion Plan and Future Schedule Plan […]
Experts Announce Revolutionary Tokenized Asset Coalition
Today, many prominent figures in asset tokenization announced the creation of an association to advance its progress. The Tokenized Asset Coalition (TAC) has been established by seven pioneers in decentralized finance (DeFi). This newly formed advocacy organization, as announced on September 7th, is dedicated to promoting the widespread adoption of public blockchains, asset tokenization, and […]
Stablecoin Payments Test by UK Group
A group of private companies called the Digital FMI Consortium would start Stablecoin Payments in October and keep it going for at least a year. A group of private companies called the Digital FMI Consortium said it plans to test international Stablecoin Payments using its own stablecoin, dSterling, which is backed by sterling and will […]
Derivatives are essential for a functioning digital asset market – FTX CEO
Sam Bankman-Fried (SBF), the CEO of crypto derivatives exchange FTX, has suggested that derivatives are necessary to bolster liquidity and also essential for the functioning of the digital asset markets. The crypto billionaire said that crypto derivatives are “misunderstood” in an interview with Forbes published Aug. 30, claiming that detractors fail to see the critical […]
Coinbase’s head of capital markets leaves the company
People familiar with the matter claimed Brett Redfearn’s departure was due to Coinbase shifting its priorities away from digital asset securities. USDT’s market capitalisation is currently $62.6 billion, according to industry data. USDT continues to be the world’s largest stablecoin by far, although its market share has declined as key competitors like as USDC gain […]