The Central Bank of Bahamas (CBOB) will sign an official agreement with transaction provider NZIA.io in order to build and implement Project Sand Dollar, the first digital currency in the Bahamas. CBOB will enter an official agreement for the development of a digital fiat currency system on May 30. The central bank said, “The Project Sand Dollar initiative will be an integrated, affordable electronic payment system for all businesses and residents,”
Belfast Coin will bring all the different elements of the city closer to each other, by empowering residents, businesses, NGOs, community groups and educational institutions to work together towards the same goals. Belfast Lord Mayor Councilor Deirdre Hargey claims that being selected to be part of the city currency challenge means an important opportunity for Belfast, and he is glad that this has been made possible through our partnership with 100 Resilient Cities.
Stealth Quantum Proof-of-Stake, currently in testnet, is the fastest cryptographically private digital currency has tokenized transaction validators purchase their rights as Non-Fungible Tokens (NFTs) called “stakers”. Dr. James Stroud, lead developer of Stealth explained, “Unlike other scheduled block validation systems, Stealth’s reputation system means that chain trust and block rewards are truly meritorious and based purely on objective performance statistics, uninfluenced by the whims of powerful stakeholders.”
The trademark application describes the project as a digital currency for an online community. Although the details for Cryptokicks have yet to be formally clarified by the company, the move is in line with Nike expanding the digital business sector. Some may discount the trademark filings by Nike as conjecture, but the company has no history of speculative filings.
Sergey Glazyev, counsel to Russian President Vladimir Putin on a provincial financial combination, encouraged the legislature to embrace advanced cash innovations to decrease cross-outskirt obstructions, the authority said at the Yalta International Economic Forum (YIEF). Russia still haven’t authorized any guidelines related with the crypto business, with the State Duma, having as of late conceded thought of the bill on Digital Financial Assets.
The cryptocurrency market is rapidly emerging in the Gulf region as it is showing a hint that the region is going to lead the digital currency world anytime soon. Hayvn cofounders Christopher Flinos explained, “Middle Eastern high-net-worth individuals generally have a higher risk tolerance… they like equities, they are used to volatility. They’re not afraid of new things, they’re not afraid of chasing yield.”
The financial watchdog of Thailand, Thailand’s SEC is currently seeking for feedback from the investors of cryptocurrencies to gain a better understanding of the emerging industry. In a press release, SEC then explained, “the SEC is seeking public comments on the proposed rules for data submission to the SEC Office by digital asset business operators and initial coin offering portals.”
A London-based fintech start-up has to launch its Aave pay which allows users to pay for the utility bills by using cryptocurrencies. Its CEO, Stani Kulechov explained, “This new application eliminates the obstacles of using crypto in our everyday lives. It addresses crypto’s expendability problem and builds a bridge for crypto to cross over into mainstream use.”
A private bank in Switzerland, Julius Baer has recently shared that they will allow its client with access to digital currencies with the collaboration with SEBA Crypto AG (SEBA). Its Head Marketer, Peter Gerlach explained,” The investment into SEBA as well as our strong partnership are proof of Julius Baer’s engagement in the area of digital assets…”
A campaign named “Crypto and Coffee” has been introduced by Gemini cryptocurrency exchange and vision to develop a global adoption of cryptocurrencies. The campaign has been receiving numerous response from Twitter users where one of them have commented, “don’t find the answers convincing. Saying it’s better in every property than gold ignores the volatility.