AXA, a Swiss arm of the insurance giant, announced today that its customers can now make Bitcoin payments. This move makes it the first insurer to allow cryptocurrency payments. As cryptocurrencies go mainstream, AXA is looking into meeting the growing demand, as confirmed by Claudia Bienentreu, Head of Open Innovation...

The first Bitcoin exchange-traded fund (ETF) in North America has seen impressive results, recording $1 billion in assets two months after its official launch.  Purpose Bitcoin ETF Hits $1 Billion Milestone According to Purpose Investments on its website, the company behind the Purpose Bitcoin ETF, the product already raked in...

The Department of Economic Development (Dubai Economy) and the Dubai International Financial Centre (DIFC) have both agreed to come together to expand the scope of their blockchain-based KYC platform across the United Arab Emirates (UAE).  A Nationwide Blockchain KYC Platform According to the Islamic Finance News on April 13, the...

The European Investment Bank (EIB) is looking to adopt distributed ledger technology (DLT) for the sales of its digital bonds. The financial institution is collaborating with several top banks, including Goldman Sachs, Banco Santander SA and Societe Generale AG to make the project a huge success, according to a Bloomberg...

Cryptocurrencies have revolutionized the payment system since their introduction a decade ago. In simple terms, a cryptocurrency is a form of digital money combined with a payment system.  Cryptocurrencies as a payment system constitute an innovation. For the first time, we can exchange money digitally, securely, and anonymously.  Cryptocurrencies allow...

Leading cryptocurrency exchange KuCoin today announced the official launch of KuCoin Labs -- an incubator and research arm in the KuCoin ecosystem. Introducing the KuCoin Labs In a bid to stay competitive and continue maintaining its position as one of the world’s largest and most prominent digital currency exchanges, KuCoin...

The Chinese government is conducting fresh digital yuan tests in six new provinces including Shanghai, Hainan, Changsha, Xi’an, Qingdao, and Dalian. The government has increased the scope of this latest DCEP trial from the previous 50,000 to 500,000 users. The cross border payments capability of the central bank digital currency...

The Central Bank of Sri Lanka (CBSL), has issued a warning to the general public about the risks involved in cryptocurrency investments. CBSL Calls Crypto Investments Risky The CBSL gave the warning via a notice published on its official page on Friday (April 9, 2021). According to the Sri Lanka...

Total crypto market cap added $148 billion to its value for the period since Monday and now stands at $2,218 billion. The top ten coins showed mixed results for the last 24 hours with Uniswap (UNI) and Chainlink (LINK) adding 8 and 14.5 percent to their respective values while Binance...

Total crypto market cap lost $27 billion of its value for the period since Monday and now stands at $1,913 billion. The top ten coins are mostly flat for the last 24 hours with Binance Coin (BNB) being the biggest gainer with a 5.8 percent of increase. At the time...

Unless you have been living under a rock, you will have heard about Ethereum. It is a blockchain that has given Bitcoin a run for its money over the years. A decentralized protocol, meaning no interference from Governments, intermediaries or even the tax man, it allows developers to build their...

Ethereum gas fees have dropped by a massive 50 percent and observers say the significant decrease is as a result of the widespread use of Flashbots by traders in place of Priority Gas Auction (PGA) bots. Ethereum Gas Fees Crash  Ethereum remains the leading distributed ledger (DLT) network for smart...