Tech

TangoChain announces its plan to implement a new play-to-earn game console with unique functionalities. According to a press release, the team wants to offer users access to a wide range of top-tier games, including a play-to-earn option.  As per the report, the TangoChain team has based its console on the Android operating system. This way, gaming enthusiasts should run an entire catalog of in-demand games developed by A+++ producers. Moreover, this gaming device integrates an implementation that enables users to convert millions of…

As per Nikkei reports, the Royal Monetary Authority of Bhutan partners with Ripple for its CBDC trials. The main aim is to integrate Ripple’s XRP blockchain into Bhutan’s payment infrastructure to improve P2P transactions and international remittances. Central Bank of Bhutan and Ripple As per Japanese news company Nikkei, the San Francisco-based company Ripple will work with Bhutan’s Central Bank to try their CBDC. The main aim of this collaboration is to see to it that the CBDC will have flawless international…

Today, President and CEO of PayPal Dan Schulman announced the release of a next-generation PayPal app. The PayPal CEO stated that the app would include digital payments to improve customer satisfaction. The New Features on the PayPal’s New App The PayPal CEO announced a new app that will help their customers to manage their finances better. This app has next-generation features such as a high yield savings account, in-app shopping tools, deals, and rewards. As per PayPal’s newsroom, their customers will have the…

Cathie Wood's Ark Investment Management grants one of its funds permission to invest in Canadian Bitcoin EFTs. The platform is looking for new ways to invest in digital assets. Wood, a bitcoin supporter, has been buying up proxies for the digital asset in names such as Grayscale Bitcoin Trust and Coinbase. However, she is now focusing on owning the actual asset. More Opportunities for Ark Investment According to the SEC filing, Ark Investment will launch funds that offer investment in…

Multiple Wall Street industrial trading companies have recently made plans to boost their cryptocurrency trading activities. The financial startups may soon open new business ventures to acquire a lump sum of crypto assets to trade. The most prominent players in the United States equity market have shifted their focus to digital assets. Some of these companies include Jump Trading, Jane Street and GTS. Wall Street Eyes Cryptocurrency Trading Several renowned Wall Street companies command trading respect on a global sphere. Additionally, they take up…

Earlier today, mobile payment company Square announced that it would join the Open Invention Network. The payment platform also joined forces with other companies. Their mission is to reduce patent crypto-related lawsuits and safeguard the development of digital currencies. The Open Invention Network is an institution that helps protect members from Patent issues. Many industries have dealt with patent problems over the years, which stagnated their growth. Therefore, Square fosters the development of crypto by reducing patent lawsuits. Square Joins…

MoneyLion, a banking and investing app, has added crypto trading among the financial services it offers. The platform plans to provide eligible users with the opportunity to trade ETH and bitcoin and access debit card purchases in BTC. The fintech company has been around for eight years. Later this month, it plans on going public on the New York Stock Exchange under the ticker ML. Offering Crypto Services Since its launch in 2013, MoneyLion has worked with over 7.5 million…

Recently, Mastercard closed a deal to acquire crypto intelligence startup CipherTrace. The platform plans to focus on detecting fraud, driving innovation, and expanding its crypto strategy. The acquisition will go through by the end of the year, but they are yet to disclose any terms. Meanwhile, its shares were up 0.6% after the announcement. Mastercard Can Benefit from Cipher's Data Analytics Launched in 2015, CipherTrace has its headquarters in Silicon Valley. It gathers information for more than 900 cryptocurrencies. This…

Afterpay is looking into cryptos as a way of cutting payment costs for merchants. The company has reason to think that an AUD-backed stablecoin is not too far in the future. For Australia's crypto investors, it seems like great news. Laying Foundation for a Local Stablecoin Jack Dorsey's Square recently purchased Afterpay for AU$39 billion. At the moment, however, it is not offering crypto-related products. An AUD-supported stablecoin would provide Australian cryptocurrency users and investment companies with an alternative value. They will…