In recent years, blockchain technologies have increasingly been used to boostengagement with customers and offer loyalty rewards. BlockFi and Gemini, for example, announced they would offer credit cards offering bitcoin rewards. In 2022, Mastercard supported Upstart, a NFT-based loyalty program, through its startup engagement program. Source LoyaltyNFTbasedPartnersPolygonProgramSalesforce CryptoX Portal
The governor of Indiaโs central bank, the Reserve Bank of India (RBI), says the โongoing U.S. banking crisisโ clearly demonstrates the risks cryptocurrency poses to the financial system. The central bank chief added that the โIndian economy remains resilient,โ emphasizing that the โworst of inflation is behind us.โ Indiaโs Central Bank Governor on Crypto Risks and U.S. Banking Crisis The governor of Indiaโs central bank, the Reserve Bank of India (RBI), cautioned about the risks cryptocurrencies pose to the financial system while commenting on the U.S. banking turmoil at the…
Geminiโs co-founder, Cameron Winklevoss, has given his thoughts on the Federal Reserveโs plan to lend $300 billion to financial institutions. Winklevoss asserts that the Fed just added $300 billion reasons for adopting cryptocurrencies like bitcoin. The response from Winklevoss came after it was reported that financially struggling banks had borrowed $300 billion from the Fedโs emergency reserves. The central bank made the whole report available to the general public. FED loans out $143 billion More than half of the total amount, or $143 billion, was given to holding companies for…
Microsoft is reportedly working on integrating a crypto and nonfungible token (NFT) friendly Web3 wallet into its Edge web browser. In a March 17 Twitter thread, software documenter โ and occasional info leaker โ Albacore shared a series of supposed Edge user interface (UI) screenshots showing the early stages of the firmโs new Web3 wallet. โNewest in the gauntlet of questionable upcoming Microsoft Edge features, a crypto wallet not really sure how to feel about this kind of thing being baked into the default browser,โ Albacore pessimistically noted. Newest in…
The Dubai Multi Commodities Centre, one of the biggest free trade zones in the world, signed agreements with governments and companies in South Korea to bring more Web3 and metaverse businesses to the emirate. The objective of this move is to consolidate the status of Dubai as an international blockchain hub in the region. Dubai Free Trade Zone Inks Web3 and Metaverse Partnership With South Korean Entities Dubai is working to solidify its image as a worldwide decentralized tech hub. The Dubai Multi Commodities Centre, one of the biggest free…
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CryptoWallet becomes one of the few companies that managed to renew an Estonian virtual asset provider license amid tighter regulatory measures toward crypto companies in the EU. According to a press release shared with crypto.news on March 17, CryptoWallet received a stamp of approval from Estoniaโs Financial Intelligence Unit (FIU). The renewal comes despite strict regulatory measures that were introduced last year to maintain compliance and transparency within the crypto space. Crypto regulation in Estonia The Estonian license to provide a virtual currency service granted to 55% of all virtual…