IMF: Central Banks Must Coexist With Private Currencies

The rise in private currencies like Bitcoin and Ethereum has forced Central Banks to develop Central Bank Digital Currencies (CBDC). However, a recent report from the International Monetary Fund (IMF) insists that Central Banks must coexist with private currencies for the finance sector to grow.  Central Banks and Private Digital Currencies  The IMF revealed this in a blog post where it analyzed the relationship between central banks and the private sector. It highlighted that cryptocurrencies grow more flexibly than central…

Thailand Oldest Bank Launches $50 million Blockchain Fund for Startups

Thailand's oldest bank Siam Commercial Bank (SCB), has launched a $50 million fund for blockchain, DeFi, and Digital Startups. This development is expected to contribute to the growth of startups in Thailand.  $50 Million Digital Fund Siam Commercial Bank revealed today that venture arm SCB 10X would execute the $50 million funds. SCB 10X will select startups in these sectors and participate in seed and incubate projects.  SCB 10X has experience investing in companies within the cryptocurrency niche. The venture-fund…

Crypto Exchange FTX launches Tokenized Trading of Apple, Telsa, Facebook stocks

Cryptocurrency exchange FTX is set to offer traders tokenized shares of some fortune 500 companies, including Apple and Amazon. This was revealed in a press release with key details about the listing of the new digital assets. FTX will be partnering with European financial firms CM Equity and Digital Assets to offer fractional stocks on its platform. About a dozen stock and crypto pairs will be traded on the FTX trading platform. Some of the major names include Netflix Inc,…

Opera Brings Its US Users Options to Buy Crypto via Apple Pay or Debit Card

Opera users residing in the U.S can now buy cryptocurrencies with their debit cards and Apple Pay accounts, the Norwegian company has said.  The users can access the new service on Opera Touch, the firm's flagship Android and iOS browser. Additionally, the service is available via a crypto wallet embedded in its desktop browser. Blockchain-enabled Browser Opera introduced the first Blockchain-enabled browser In December 2019. It features a built-in crypto wallet and Dapp explorer. It later integrated the inbuilt wallet…

Will Apple Create a Bitcoin Emoji?

Bitcoin is one of the mainstream cryptocurrencies, and with its need to be largely adopted, the thought of using social networks is valid. Moreso, using emojis to bring Bitcoin to people is one way that could be efficient. When using emojis, we do not need to express ourselves in words, and this a simple way of communicating. In that case, people are calling for the creation of a Bitcoin emoji for the keyboard on Apple iOS. The desire for Bitcoin…