The Bank of International Settlements (BIS) has released the blueprint of its instant cross-border payments solution dubbed Nexus. The BIS Innovation Hub says the Nexus solution will connect with Instant Payment Systems (IPSs) across nations to offer users superfast cross-border payments. BIS Launching Cross-Border Payments System The proliferation of distributed ledger technology (DLT) is fast

United States lawmakers are looking to impose stricter taxation rules on crypto investors, in a bid to milk out roughly $28 billion from the industry and use it to fund part of the proposed $1 trillion bipartisan infrastructure deal that aims to invest over half a trillion dollars in the country’s public works system, according

The crypto industry is seeing more and more headlines about tighter government restrictions.  On July 20 the European Commision (executive branch of the European Union), announced that a new proposal would result in tighter regulation for the cryptocurrency industry—in particular, regulation around anonymous wallets and transactions.  This had been rumoured so it wasn’t exactly a

“Big Four” professional services company Ernst and Young (EY) announced the completion of a blockchain-based solution that would help remove the bottlenecks found in the cross-border withholding tax (WHT) process.  Blockchain to Improve Cross-Border WHT Tax Process In a press release published by EY on Wednesday (July 28, 2021), the project called TaxGrid blockchain solution

PayPal, the popular payment processing company, has indicated that its customers may not have to wait anymore to see new crypto-centric functions on their platform. Dan Schulman, PayPal’s CEO, stated today during the company’s Q2 2021 investor call that the company’s debut edition of its super app wallet was “code complete.” The head of PayPal

Bitcoin Vault (BTCV) is a 2 year-old cryptocurrency based on SHA-256 cryptographic hash function, the same algorithm used for mining Bitcoin. However, it brings a revolution in the security aspect through the anti-theft solution using an innovative three-key proprietary wallet.  One of the biggest advantages for the users of BTCV is that they have a

Radix, the Platform for Smart Money, today announced the launch of the Radix Public Network (“mainnet”).  The “Olympia” release represents the next, deliberate step on the planned roadmap to a frictionless financial future, bringing with it the world’s only “Single Sign-On for Compliance.” Over the past 4 months, Radix has seen more than 400% growth

Cryptocurrency prices are in the green on July 29. The whole market cap on crypto-currency is US$1.54 trillion, up 6.42% over the last day, while the overall market volume for crypto-currency for the past 24 hours is $89,77 trillion, down 17.17%. Bitcoin is Finally Back to $40,000 This week’s Bitcoin price blasted out in a

Index Coop (INDEX), a community-driven, decentralized, and autonomous asset manager could soon launch a Polygon (MATIC) based index fund that would track the price of the top 10 performing projects built on Polygon. Introducing the Polygon 10 Index The proposal was floated by Asif Khan and aims to establish a partnership between the Polygon Foundation

Blockchains today have grown separate from one another, where liquidity between chains isn’t practical without centralization. This is a real problem to blockchain adoption and particularly DeFi, as we know that through recent developments composability between tokens and protocols is the real bread and butter of this technology. To tackle these composability drawbacks, protocols have