Project Agila will first look at transfers between commercial banks and later try securities settlements and other high-value services. An official of the Bangko Sentral ng Pilipinas’ (BSP) has revealed more details about the central bank’s plans for to study wholesale central bank digital currency (wCBDC), according to a local press report. BSP deputy governor...Continue Reading

A handful of new developments back Solana’s swift rally to $150, but are any of them sustainable? Solana’s native (SOL) token surged by 19.5% between March 5 and March 7, reaching $150 for the first time since January 2022. The increase gained momentum after Bloomberg reported Pantera Capital’s asset manager’s plans to purchase $250 million...Continue Reading

The new experience is available on VRChat for Meta Quest. Nissan Motor Co. announced the launch of a new history and safety-themed metaverse experience on March 7.  Called the “Heritage Cars & Safe Drive Studio,” the new exhibit combines immersive depictions featuring three of Nissan’s most iconic automobiles from history with interactive educational safety exhibits....Continue Reading

The co-founder of bankrupt Terraform Labs was first set to be extradited to the United States after lengthy court battles. The High Court in Podgorica, Montenegro, has ruled that Terraform Labs co-founder and former CEO Do Kwon should be extradited to his native South Korea, rather than the United States, according to various media reports....Continue Reading

The HKMA’s latest CBDC project will look at tokenized deposits in tokenized asset transactions. The Hong Kong Monetary Authority (HKMA) will launch a project to create a new wholesale central bank digital currency (wCBDC) to support tokenization. Dubbed Project Ensemble, it could result in the issuance of a “live” CBDC if there is sufficient interest,...Continue Reading

Crypto traders and several metrics suggest that an altcoin season is about to begin. Bitcoin (BTC) price witnessed a sharp correction shortly after hitting a new all-time high at $69,324 on March 5 Meanwhile, altcoins, led by memecoins and AI-themed cryptocurrencies, have outperformed BTC over the last week, initiating a debate on whether the altcoin...Continue Reading

A review of 86,565 social media posts related to metaverse technology showed only 14% negative sentiment. A team of researchers from the United Arab Emirates recently conducted a study to discover what people thought about the metaverse on social media. The team curated a data set of 86,565 posts on the X social media platform...Continue Reading

After the creation of the bank account, credentials are minted as NFTs on Arbitrum network. Singaporean fintech SafePal has made an investment into Swiss bank Fiat24 and jointly launched a crypto Visa card and in-app banking service with US Coin (USDC) as the default deposit currency.  According to the March 7 announcement, the feature will...Continue Reading

Join the Hackathon co-organized with Epic Web3 in Hong Kong on May 8–9, 2024, as part of the BlockShow x BlockDown festival. The BlockShow x BlockDown Festival is set to host a hackathon, a 48-hour chain-agnostic event designed to showcase the talents of local Web3 developers and entrepreneurs in Hong Kong on May 8–9, 2024....Continue Reading

Sonali Giovino, global head of ecosystems at De.Fi, believes decentralized finance security has gotten more coverage over the years because risks discourage adoption. In the 50th episode of the Hashing It Out podcast, host Elisha Owusu Akyaw speaks with Sonali Giovino, global head of ecosystems at De.Fi, about the decentralized finance (DeFi) ecosystem. As the crypto space...Continue Reading