Category: Digital Currency

Standard Chartered bank HQ
February 17, 2025 BY Sam Boughedda

Standard Chartered, Animoca Brands and HKT Establish JV For HKD-Backed Stablecoin

SCBHK, which has actively participated in HKMA’s tokenised money projects, will contribute its bank-grade infrastructure and governance to the JV.  “Stablecoins play a critical role in the overall digital asset ecosystem,” said Bill Winters, Group Chief Executive of Standard Chartered. “Standard Chartered’s bank-grade infrastructure, governance and global reach mean that we are in a good…

Read more
Standard Chartered bank HQ
December 12, 2024 BY Sam Boughedda

Standard Chartered and Paxos Announce Partnership

Through the collaboration, the company explained that Standard Chartered will deliver a range of services, including cash management, trading, and custody, strengthening the infrastructure supporting USDG and USDL in Singapore and the UAE.  According to Paxos, both stablecoins are fully backed by US dollar reserves and operate under strict regulatory oversight. The company added that…

Read more
Central Bank of Brazil
October 28, 2024 BY Sam Boughedda

HKMA and BCB Collaborate on Cross-Border Tokenisation Initiatives

The two central banks explained that they will link their experimental central bank digital currency (CBDC) infrastructures, Ensemble Sandbox and Drex pilot platform, to explore payment-versus-payment (PvP) and delivery-versus-payment (DvP) settlement use cases in areas such as trade finance and carbon credits. The partnership builds on a 2018 agreement between the two organisations to foster…

Read more
Eurex ESG
October 24, 2024 BY Sam Boughedda

Eurex Clearing Successfully Participates in ECB's Digital Money Trials

The company took part in the Eurosystem's exploratory work on new technologies for wholesale central bank money settlement, with the initiative, led by the European Central Bank (ECB), aiming to explore the potential of distributed ledger technology (DLT) in enhancing financial market infrastructures. Eurex explained that the trials focused on cash settlement in cleared intraday…

Read more
November 23, 2023 BY Elizabeth Anderson

Another blockchain cyber attack: HTX and Heco Bridge in trouble

Despite initially appearing as separate, coincidental attacks, both incidents were allegedly performed by the same party due to the similarity in exploitative techniques and the connection between both targets. In response to the security breach, HTX exchange has taken precautionary measures by temporarily suspending withdrawals from its platform. _____________________________________________________________________________________________________________________________________ Don’t miss out the latest news,…

Read more
May 18, 2023 BY Steffy Bogdanova

The FedNow digital USD to be released in July 2023

Conspiracy theories A digital currency could allow countries to bypass traditional payment systems and engage direct trade with the US and by doing so, reduce the role of intermediaries like banks. Some have suggested that a digital currency could allow the US to default on its debt without actually defaulting. This could be possible if…

Read more
Israel gradually preparing for CBDC launch
May 12, 2021 BY Steffy Bogdanova

Israel gradually preparing for CBDC launch

Speaking of the plan of action, The Bank of Israel added: A digital shekel could generate various benefits for the Israeli economy, but issuing it also involves risks. The Bank of Israel began to assess the possibility of a digital currency way back in 2017. Today, the central bank can be seen to be curating…

Read more
Gate.io
February 05, 2021 BY Steffy Bogdanova

Digital asset exchange Gate.io lists SNOW

Marie Tatibouet, CMO at Gate.io commented: We have an extremely rich altcoin repository (especially DeFi) and over 300 tokens (>400 pairs) available for trading overall. We are also aware of the vulnerabilities that come with a new listing. Hence, we maintain high standards - every single project gets closely vetted by the team and the…

Read more