China’s CBDC Transactions Reach $14B as Uptake Slows: Report
Transaction volume in e-CNY has only increased by 14% in 2022 from the end of last year compared to the 154% growth recorded in the last six months of 2021.
Transaction volume in e-CNY has only increased by 14% in 2022 from the end of last year compared to the 154% growth recorded in the last six months of 2021.
Image: Firefox Firefox Relay, a Mozilla service designed to hide your “real” email address by giving you virtual ones to hand out, is expanding to offer virtual phone numbers. In a blog post Mozilla product manager Tony Amaral-Cinotto explains that the relay service generates a phone number for you to give out to companies if … Read more
Ether (ETH) reached a “post-Merge milestone” this week as it became deflationary for the first time since the Ethereum blockchain switched to proof-of-stake (PoS), Coinbase (COIN) said in a report Thursday.
Binance permanently destroyed $547 million worth of BNB in its 21st quarterly burning event, but the markets remain steady.
Comments
Indian edtech Vedantu has acquired a majority stake in education chain Deeksha for $40 million, the latest in local online learning platforms’ growing attempts at tapping opportunities in the offline market. The Bengaluru-headquartered Vedantu, which became a unicorn last year, said it will integrate its technology into offline centers of Deeksha as part of the … Read more
Comments
Kenya has the largest and most thriving furniture industry in East Africa, but the sector’s potential is hindered by several challenges among them production inefficiencies and quality concerns, forcing most major retailers to settle on imports. MoKo Home + Living, a Kenya-based home furniture manufacturer and omnichannel retailer, saw this gap and over several years … Read more
The Financial Accounting Standards Board (FASB) has said that firms should use fair-value accounting methods for cryptocurrencies likes bitcoin and ethereum.
Ballooning leverage and reduced volatility on crypto markets create a situation where explosive volatility is very possible in the short-to-medium term.
Custodia alleges the Federal Reserve Board of Governors showed favoritism over approval delays, while giving BNY Mellon a green light to engage in crypto custody.
Comments
According to Tron’s Founder Justin Sun, empowering HT holds the key to revitalising Huobi.
The feature should display how much storage space you can save by archiving an application instead of having to completely uninstall it. | Image: Google / @AssembleDebug While we’ve been waiting to hear more about Google’s upcoming tool that “archives” certain apps to help free up space on your device, @AssembleDebug has managed to activate … Read more
Over $718 million has been stolen from DeFi protocols across eleven different hacks this month so far, per research firm Chainalysis.
Nerves are showing on the market after several days of Bitcoin “stuck” in a tiny trading range.
Sony’s prototype Vision-S 02 SUV, unveiled at CES 2022 as a platform for developing Sony’s EV technology. | Image: Sony Sony and Honda have announced that they plan to start selling their jointly-developed electric vehicles in the US in early 2026. The US has been chosen as the first market because of its well-developed taste … Read more
Image: Microsoft Microsoft is making a major change to its Microsoft Office branding. After more than 30 years, Microsoft Office is being renamed “Microsoft 365” to mark the software giant’s collection of growing productivity apps. While Office apps like Excel, Outlook, Word, and PowerPoint aren’t going away, Microsoft will now mostly refer to these apps … Read more
The funding round was co-led by Accel and Quona Capital with participation from Jump Capital and Elevation Capital.
The former cabinet minister is pushing for the government to be more pro-innovation.
Crypto banking and payments platform BVNK has won registration has a virtual asset services provider (VASP) in Spain.
Comments
Zen Educate, an online marketplace that algorithmically matches schools with the best available teachers, has raised £19.3 million ($21 million) in a Series A extension round of funding. Founded out of London in 2017, Zen Educate is setting out to supplant the traditional approach to recruiting teachers, a system that typically involves third-party agencies and … Read more
The phishing scam, where people were defrauded out of NFTs worth millions of dollars, was brought to light in August.
The largest CBDC pilot in the world is going to expand on citizen payments and cross-border operations with Hong Kong.
Comments