Announcements

The South African Reserve Bank (SARB) warned financial institutions against the “wholesale” ban on customers with digital assets. The regulator said the banks should not “avoid risk entirely” amid the booming economy in the region. The South African central bank said that south African financial institutions will now be allowed to deal with funds linked…

Tether, the issuer of the largest stablecoin USDT, published its latest quarterly attestation report for the token’ reserves on August 19. The report by Tether’s new auditing firm BDO Italia confirmed a more than 57.5% decrease in Tether’s commercial paper holdings over the prior quarter. However, many still await Tether’s audit report from a “Big…

The EOS Foundation plans to hardfork the EOS blockchain on September 21. This Proof-of-Stake blockchain is set to rebrand to EOSIO as the project tends to distance itself from notorious developer Block.one. In response, the EOS token has rallied more than 24% over the past 24 hours. In a tweet on August 17, the EOS…

Worldwide 2022 New Payments Index consumer polling by Mastercard revealed that crypto payments are rising in popularity worldwide, as 93% of those surveyed have heard of cryptocurrency, and 41% have done at least one crypto-related activity in the past year. However, consumers are still looking for more stability within the industry. Mastercard’s 2022 Global New…

Play-to-earn game Axie Infinity has completely removed the token rewards from its classic game mode to attract its users to a new game mode called Axie Infinity Origin. The team also described the move as part of its efforts to balance the economy for the SLP token. Meantime, the in-game NFT sales so far have…

Strike, the leading blockchain-based startup, entered into a collaboration with financial giant Visa Inc. to offer crypto rewards through its new crypto card. The startup also said that access to the card could be granted by joining a waitlist. Digital currency-based payment protocol Strike, built on the Lightning Network, has announced the launch of a…