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NYDFS Approved: Binance and Paxos New Stablecoin Collab & Paxos Gold-Backed Token

NYDFS Approved: Binance and Paxos New Stablecoin Collab & Paxos Gold-Backed Token

Crypto exchange giant Binance, and digital asset trust company Paxos recently announced their partnership to launch a USD-backed stablecoin. The announcement comes after the approval from the New York State Department of Financial Services (NYDPS). New York-based exchange and stablecoin operator, Paxos launched a gold-backed Ethereum-based token named Pax Gold (PAXG).

Visa Applies for Blockchain-Based Digital Currency Patent to Potentially Remove Physical Currency

Visa Applies for Blockchain-Based Digital Currency Patent to Potentially Remove Physical Currency

Visa has filed a patent application to create a blockchain-based digital currency on a centralized computer, according to a publication by the US Patent and Trademark Office (USPTO). The patent was originally filed in November 2019, and was described as “Digital Fiat Currency.” The US dollar was mentioned as one of the fiat currencies to be used potentially, although the patent could also apply to other central bank digital currencies including the pound, yen, and the euro.

Fed Chairman Powell Says Central Bank Digital Currency Would Need to Coexist with Traditional Cash

Fed Chairman Powell Says Central Bank Digital Currency Would Need to Coexist with Traditional Cash

While speaking at a virtual payments conference hosted by the Basel Committee on banking supervision, Federal Reserve Chairman Jerome Powell said that central bank digital currencies would need to be complementary to physical cash.

Binance Launches New Virtual Crypto Debit Card Issued by Visa, with Physical Version to be Rolled Out Shortly

Binance Launches New Virtual Crypto Debit Card Issued by Visa, with Physical Version to be Rolled Out Shortly

Leading crypto exchange Binance announced the launch of its new product 'Binance Card' which aims to provide crypto payment services anywhere in the world.

Inaugural SFF x SWITCH to Kick Off Tomorrow with a Focus on Sustainability

Inaugural SFF x SWITCH to Kick Off Tomorrow with a Focus on Sustainability

Singapore, 10 November 2019… The Singapore FinTech Festival (SFF) and the Singapore Week of Innovation and TeCHnology (SWITCH) will come together for the first time as SFF x SWITCH. Running from 11 to 15 November, this event will gather the global innovation and business community in Singapore. There will be over 400 speakers, more than 900 exhibitors, 41 international pavilions, and about 60,0001 participants from 130 countries.

Thailand Immigration Services to Implement the Idea of Virtual Visas

Thailand Immigration Services to Implement the Idea of Virtual Visas

Travelling to Thailand may become even more accessible, thanks to blockchain technology. Thai Immigration Officials are in the process of testing out an ‘eVOA’ service for tourists entering the country. As a result, physical copies of travel documents may no longer be necessary.

Microsoft Patents Cutting Edge Human-Powered Crypto Mining System

Microsoft Patents Cutting Edge Human-Powered Crypto Mining System

Microsoft has filed for a patent for a cryptocurrency mining system that will leverage the data collected from people as they interact with advertising or exercise.

Verizon Cybersecurity CPO, Alex Schlager on Why 5G Networks Require a Whole New Approach to Enterprise Online Data Security

Verizon Cybersecurity CPO, Alex Schlager on Why 5G Networks Require a Whole New Approach to Enterprise Online Data Security

Alex Schlager, CPO of Security Services for Verizon Business believes 5G networks require a completely new way of thinking about security.

LedgerX “Not Yet Approved” by CFTC to Launch Physical Bitcoin Futures

LedgerX “Not Yet Approved” by CFTC to Launch Physical Bitcoin Futures

The United States Commodities and Futures Trading Commission (CFTC) confirmed that LedgerX has not yet been approved to offer physically-settled Bitcoin futures in contrary to previous announcements.

Bitcoin Is Better Than Gold: Crypto Exchange Coinbase

Bitcoin Is Better Than Gold: Crypto Exchange Coinbase

On May 1, 2020, the world's leading cryptocurrency exchange Coinbase published an article on its blog claiming that Bitcoin is superior to gold. The crypt exchange had earlier published a similar article where they supported Bitcoin over Gold due to its ease to audit, anonymity, low transaction fee, and ease to be fragmented into smaller fractions.

Bill Gates Foundation’s COVID-19 Vaccine is a Satanic Plot says Oscar-Winner

Bill Gates Foundation’s COVID-19 Vaccine is a Satanic Plot says Oscar-Winner

Microsoft’s recent patent for a human powered crypto mining system based on sensors that convert physical or mental activity into computer power has generated a lot of interest and captured the imagination of the public, but perhaps some are looking a little too closely.

BME Rolls Out Blockchain-Powered Collateral Pledge Certificates

BME Rolls Out Blockchain-Powered Collateral Pledge Certificates

BME, a Spain-based stock market operator, has established a service dubbed BE DLT-Preda that deploys blockchain technology in the digitization of collateral pledge certificates. This, therefore, eradicates the urge for physical documents.

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