The Hong Kong Monetary Authority (HKMA) has launched the second phase of the digital Hong Kong dollar (e-HKD) pilot study with 21 financial institutions working on 11 use cases for the central bank digital currency and tokenized deposits. In light of the broadening scope of the project, the HKMA is renaming it Project e-HKD+. The…

One of the wallets available in The Open Network (TON) ecosystem announced that it would support crypto assets on the Tron blockchain. On Sept. 23, self-custodial wallet MyTonWallet said it would integrate Tron to support assets within its network. This includes the network’s native token, Tron, Tether’s USDt and other tokens using the TRC-20 standard….

As recent crypto hacks expose security vulnerabilities in cross-chain bridges, the community is exploring alternative approaches to achieving interoperability. One project has introduced an innovative feature called “tunneling,” designed to link the two largest networks in the crypto space. Jeff Garzik, an early core Bitcoin developer, founded the Hemi Network, a blockchain protocol that aims…

A number of emerging economies across Africa have the potential to become digital asset hubs. Simultaneously, the cost of compliance for crypto exchanges is increasing as regulatory clarity emerges, according to Ben Caselin, chief marketing officer of VALR, a crypto exchange based in Johannesburg, South Africa. “South Africa is the entryway to the rest of…

Despite the growing adoption of cryptocurrency, investors shouldn’t get too comfortable trusting marketing and should always do their own research, according to Amanda Cassatt, the founder of Web3 marketing firm Serotonin. “Marketing is a mechanism for perpetrating the fakery and the scams, and I think people should be very skeptical and do their own research,”…

International Monetary Fund (IMF) staff members have issued a guide for policymakers and banking institutions on ways to increase the uptake of central bank digital currencies (CBDCs) globally. The IMF issued the “Central Bank Digital Currency Adoption Inclusive Strategies for Intermediaries and Users” paper on Sept. 21. The paper recommended implementing inclusive strategies for intermediaries…