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free newsletter Get the hottest FinTech Singapore news in your inbox once a month According to CoinGape, Siam Commercial Bank (SCB), in collaboration with its venture arm SCB 10X and Lightnet, has launched Thailand’s first cross-border payment system using stablecoins. The project focuses on increasing the speed and efficiency of transactions through the integration of blockchain and stablecoins, which are digital currencies tied to assets such as the US dollar. The system operates 24 hours a day, 365 days a year, giving users greater flexibility than traditional banking hours, especially those conducting international transactions. The use of stablecoins also streamlines…
Home > News > Finance > Palau and German financier WIBank issue blockchain bonds Blockchain bonds are growing in popularity as more financial industry players seek to improve efficiency and transparency in the $130 trillion industry. The latest is the island nation of Palau, which issued blockchain bonds to leverage local capital for infrastructure projects. In Germany, regional lender WIBank tested the waters with a €5 million ($5.4 million) blockchain bond as part of a regional distributed ledger technology (DLT) trial. Palau leverages blockchain savings bonds Palau is considering blockchain savings bonds to finance infrastructure projects. The initiative is partnering…
Elon Musk’s favorite cryptocurrency, Dogecoin DOGE/USD, has been one of the biggest market gainers in the past 24 hours, likely due to his social media activity. What Happened: DOGE, the largest meme token by market capitalization, rose more than 7% and emerged as the third best-performing cryptocurrency in the past 24 hours. The coin’s trading volume surged by 70%, making it the most traded meme coin in the past 24 hours. The recent rally pushed DOGE’s weekly and monthly gains to 15.50% and 24%, respectively. Related article: Anthony Scaramucci says what percentage of his wealth is tied up in Bitcoin:…
In a space where established players such as Dogecoin, Kaspa and Stellar have long been influential, a new, unknown competitor with a price below $0.05 will be the next cryptocurrency to reach $1. i am ready. While DOGE, KAS, and XLM each have unique attributes, this emerging token offers a combination of utility, demand, and growth potential that will accelerate its path to $1 faster than its competitors. Possibly. Rollblock offers a unique proposition on GambleFi Rollblock is gaining traction with solid fundamentals and a particular focus on the GambleFi sector. The current price is below $0.05, making it an…
Crypto asset management giant Grayscale recently announced that it is considering expanding its services to include products based on the popular meme cryptocurrency Dogecoin. In a recent blog post, Grayscale highlighted that Dogecoin is on the company’s radar as a potential asset for future investment products. As the king of memecoins, Dogecoin-based crypto products will be a turning point for the entire memecoin niche market. Dogecoin products coming to market soon? This extensive portfolio includes top digital assets such as Bitcoin, the number one cryptocurrency by market capitalization, as well as a variety of other assets such as Filecoin (FIL),…
Ethereum Network co-founder Vitalik Buterin wrote another article, “The Possible Future of the Ethereum Protocol, Part 2: Surge,” in which he scales Ethereum’s layer (L1) to layer 2 (L2). proposed to maximize the scalability of In the same article, he also touched on achieving maximum L2 interoperability. This article explains that as Ethereum’s L2 scaling solutions become more scalable and successful, certain risks arise if Ethereum’s L1’s transaction processing capacity remains limited. One of the big concerns is the long-term security of the Ethereum network, as a weak L1 could reduce the economic viability of Ether (ETH) and erode its…
Litecoin (LTC) is a decentralized currency, uncensored and open to everyone. Send low-cost, private, secure and borderless payments to anyone, anytime, anywhere. recent news On October 15, 2024, Canary Capital filed an S-1 application with the U.S. Securities and Exchange Commission (SEC) to create a Litecoin exchange-traded fund (ETF). By holding actual Litecoin and tracking its price, this ETF allows both retail and institutional investors to easily access LTC without having to buy and store the cryptocurrency themselves. . LTCUSD was one of the best performing stocks over the past two days, jumping…
(Bloomberg) — Chinese stocks regained early gains after a long-awaited joint ministerial briefing on supporting the real estate market offered little new economic stimulus.Most Read Articles on BloombergThe CSI300 index was down 0.1% as of 11:18 a.m., reversing a 1.3% rise. Bloomberg Intelligence’s China Development Stock Index fell more than 8%. The rise in the Hang Seng Chinese Enterprise Stock Index narrowed to less than 1%.China will expand its program to support “whitelist” projects to 4 trillion yuan ($562 billion) from the approximately 2.23 trillion yuan already in place, Housing Minister Ni Hong said in his most concrete remarks at…
Faraway, a game developer and publisher, has launched FCHAIN, a layer 1 blockchain built on Avalanche, with the aim of expanding the gaming ecosystem. This new blockchain is designed to support Faraway’s growing portfolio of games while providing a robust infrastructure for creators, businesses, and developers. By integrating FCHAIN into its gaming initiatives, Faraway aims to enhance gaming capabilities and provide new tools to help creators and developers build and monetize their content more effectively. I am. The decision to develop FCHAIN on Avalanche is a strategic move as it allows Faraway to leverage the scalability, security and efficiency of…
Siam Commercial Bank partners with Litenet to introduce 24/7 stablecoin remittance service, significantly reducing global payment fees. This move puts SCB at the forefront of innovation in cross-border transactions and promises faster and more cost-effective money transfers for customers. SCB partners with Lightnet to offer 24/7 stablecoin remittances Siam Commercial Bank (SCB), Thailand’s oldest commercial bank, has announced a partnership with fintech company Lightnet to provide stablecoin international payment and remittance services to its customers. According to Cointelegraph, by integrating with stablecoin services, customers will have low-cost, 24-hour access to send and receive…