Tech

The Central Bank of the Bahamas (CBOB) today officially introduced its own central bank digital currency (CBDC), the “Sand Dollar.” This makes the Bahamas one of the first countries in the world to launch a CBDC beyond a pilot program. The information was shared during a webinar broadcast on Facebook via the dedicated Sand Dollar page. Today, the 386,000 inhabitants of the archipelago can create a digital wallet on their smartphone and carry out transactions. The entire Sand Dollar ecosystem…

Coinbase Custody, the arm of popular exchange Coinbase that provides custodial services, considers adding 37 cryptocurrencies to its services. DeFi tokens dominate Coinbase List The Custodial platform posted on its blog a list of 37 cryptocurrencies for research. The custodial platform offers storage solutions beyond the reach of any attack—the long list of Coinbase Custody mainly composed of DeFi tokens. Coinbase Custody's message is clear that decentralized finance (DeFi) and tokens have potentials. Some popular tokens on the list include…

Monero developers have launched a new hard fork update on the blockchain network that would improve transaction size. Work had begun on the hard fork update earlier in September before its deployment on October 17. New features added to Monero blockchain Monero blockchain will benefit immensely with the new, improved features added to the hard fork. It features a new version of its node software named ‘’Oxygen Orion. The major highlight of the update is the compact linkable spontaneous anonymous…

Spain's apex bank Banco de Espana is set to research the development of a CBDC. Banco de Espana released a strategic plan report where it revealed its priorities from 2020 to 2024. The apex bank plans to analyze policies from the European Central Bank (ECB) and trends within the Spanish economy. The report also looks at the effect of covid on banks, negative interest rates, and policies. Also, it revealed that CBDC research was a priority as part of new financial…

In a recent announcement, Paxful, the world's major player in the peer-to-peer cryptocurrency marketplace, knot ties with Bithumb Global. With this partnership, Bithumb Global will offer P2P services on its platform. Found in the year 2014 as EasyBitz and later renamed as currently known as Paxful supports over 300 payment methods. Thus removing the borders & limits and building a single marketplace platform for cryptocurrency buyers and sellers. As of now, Paxful has over 4.5 million users across the globe.…

As Bitcoin's demand as a reserve fund grows, more and more publicly traded companies are opting to invest in the cryptocurrency. As per the new quarterly report from Grayscale Investments, more than a billion-dollar were poured into the investment firm. Making it the best performing quarter for its investment products and the third consecutive quarter with massive growth. Grayscale Bitcoin Trust (GBTC) got the largest cash inflow out of all its products, over $720 million. Meaning the trust has absorbed…

Blockchain platform Zilliqa has launched a non-custodial staking platform on its main net for users to stake ZIL tokens. This latest development has attracted a lot of enthusiasm from the Zilliqa community. Major Milestone Achieved in 24 hours Zilliqa revealed in a tweet that 1 billion ZIL tokens had been staked within a few hours of launch. Zilliqa also has a governance token ZILs or gZIL that would serve as a form of incentive to stakers. For every 1000 ZIL…

Leading cryptocurrency hardware wallet provider, Trezor has rolled out “Trezor Suite,” a desktop app that allows users to manage their Bitcoin and cryptocurrencies all in one place.  The company describes Trezor Suite as a growing ecosystem of tools that make it easier for customers to access and control their hardware wallets and portfolio from a single device. The platform is compatible with Bitcoin and popular altcoins. Trezor claims the app comes with many improvements, thus providing greater usability, privacy, and…

Following the recent court filings against BitMEX and its founders for rules violation, the cryptocurrency derivatives giant seems to take the necessary steps to make things right.  Announcing Monday, 100X Group, the holding group for HDR Global Trading Limited, owner and operator of the BitMEX exchange, said it had appointed Malcolm Wright as the company’s new Chief Compliance Officer (COO).  Interestingly, Malcolm Wright is an expert in compliance and anti-money laundering (AML) with over 30 years of experience.  The new COO…