Day: June 22, 2022
BLOCKCHAIN

Central Bank of Qatar in “Foundation Stage” of Issuing Its Digital Currency

[ad_1] Qatar's Central bank is exploring technological solutions and platforms to launch its digital currency. Qatar, with a population of 2.8 million, is about to join the growing list of countries adopting the central bank digital currency (CBDC) concept. In the latest development, the Qatar Central Bank (QCB) has started the foundation stage of issuing its digital currency. QCB Governor Sheikh Bandar bin Mohammed bin Saoud Al Thani explained that
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ALTCOIN

Tether to Launch New Pound Sterling-Backed Stablecoin

[ad_1] Tether announced today that it would start a sterling-backed stablecoin next month. This announcement comes after the UK decided to regulate the stablecoin sector in readiness for its attempt to turn London into a world crypto hub. This new stablecoin by Tether will be launched in early July and named GBPT. The stablecoin will be pegged at 1:1 to the pound sterling. The GBPT will also provide traders with a cheaper
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BUY/SELL

NFT, DeFi and crypto hacks abound — Here’s how to double up on wallet security

[ad_1] The explosiveness and high dollar value of nonfungible tokens (NFTs) seem to either distract investors from upping their operational security to avoid exploits, or hackers are simply following the money and using very complex strategies to exploit collectors’ wallets.At least, this was the case for me way back when after I fell for a classic message sent to me over Discord that caused me to slowly but all too
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Business

Institutions are exploring the space — KPMG Canada crypto team

[ad_1] The Canadian operations of Big Four auditor Klynveld Peat Marwick Goerdeler, or KPMG, may have a role to play in institutions entering the crypto space, according to two team members.Speaking to Cointelegraph at the Collision conference in Toronto on Tuesday, Kareem Sadek and Kunal Bhasin of KPMG Canada’s crypto assets and blockchain services team said the company had added Bitcoin (BTC) and Ether (ETH) to its balance sheet to
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Business

Voyager enters into $500M loan agreement with Alameda amid 3AC exposure

[ad_1] Trading platform Voyager Digital takes a loan from trading firm Alameda Research because of its exposure to crypto venture capital firm Three Arrows Capital (3AC). In a press release by Voyager Digital, the firm announced that it has borrowed 15,000 Bitcoin (BTC) from Alameda to cover the losses that came from its exposure to the 3AC contagion. Voyager also noted that the company might issue a notice of default to
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BLOCKCHAIN

Coinbase Updates and Redesigns Mobile Wallet to Add Dapp Browser to Stay Ahead of Competition

[ad_1] Popular cryptocurrency exchange Coinbase (COIN) has redesigned its mobile wallet to include a browser that can search for decentralized finance (DeFi) protocols, games, NFTs, and transact on the company's system. With this new upgrade, top decentralized apps (Dapp) are suggested on the browser's homepage, giving users the opportunity to perform token swaps via a couple of clicks. A demo released by Coinbase Wallet’s Twitter address on Tuesday told users
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BLOCKCHAIN

TAG Heuer has an NFT smartwatch: Nifty Newsletter, June 15–21

[ad_1] This week’s newsletter highlights Yahoo’s plans to get involved in nonfungible tokens (NFTs) and metaverse-based projects. Also, watch manufacturer TAG Heuer is dipping its toes into NFTs, and digital collectible platforms in China have increased in number despite warnings from the government.On a positive note, a CryptoPunk that was donated to Aid For Ukraine sold for more than $100,000. And don’t forget about this week’s Nifty News roundup featuring the
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