Central bank digital currency (CBDC) systems operating on different types of networks can be used for cross-border and cross-currency payments, a new report published by researchers with the New York Federal Reserve and Monetary Authority of Singapore late Thursday said. Source
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On May 18, 2023, the web3 technology firm OKX, the second-largest cryptocurrency platform in terms of trading volume, issued a statement, a development for the cryptocurrency community. OKX Wallet, a self-custodial and decentralized wallet solution driven by advanced multi-party computation (MPC) technology, has struck an agreement with Ontology Bridge. This partnership will allow both companies to share resources and expertise. Through this partnership, the accessibility of the web3 ecosystem is going to undergo a fundamental transformation.…
The third-party payments provider for Binance Australia, Cuscal, hinted about the impact of “scams and fraud” related to “account fraud, ID takeover and crypto activity” after being questioned why it offboarded the exchange on May 18. The payments provider did not specifically address Binance or crypto exchanges in its statement to Cointelegraph and declined to elaborate on why it pulled support for Binance Australia specifically. A spokesperson for the Sydney-based B2B financial services firm told Cointelegraph that it’s “focused on supporting the industry in protecting Australians from financial crimes and…
Coinbase launches its subscription service, Coinbase One, in 35 countries, signaling a shift in its revenue model amidst ongoing legal disputes with the U.S. Securities and Exchange Commission. Coinbase has announced the launch of Coinbase One, a new subscription service, in 35 countries worldwide, including the United States, United Kingdom, Germany, and Ireland. The initial roll-out is slated to expand to 31 more countries in the near future, though a specific timeline remains unclear. The shift towards a subscription-based model comes in the wake of challenges faced by Coinbase in…