More than 60% of countries were developing central bank digital currency in 2023

Central bank digital currency, or CBDC, became an increasingly trending topic in 2021 after cash payments significantly dropped and cryptocurrencies and stablecoins grabbed news headlines.

While only a handful of countries already launched their CBDCs, many governments are exploring the possibility of using digital forms of central bank money.

According to data presented by AltIndex.com, more than 60% of all countries, or 130 of them, worked on developing their central...

George Osborne joins Coinbase in advisory role

Former UK chancellor of the exchequer George Osborne has joined US crypto provider Coinbase as part of the firm’s global advisory council.

The advisory council is aimed at informing Coinbase’s global strategy. Recent licenses have been secured in France, Singapore, Spain, and Bermuda, as well as expanding access to Coinbase products across 20 African countries.

Closer to home however, Coinbase is facing scrutiny from US regulators. The Securities and Exchange...

Crypto wallet downloads dropped by 26% to 100.9 million in 2023

Wallet Storage

Although 2023 was a fantastic year for cryptocurrencies, with all the largest cryptos seeing double and triple-digit growth, the global interest in apps allowing cryptocurrency storage dropped.

According to data presented by Stocklytics.com, crypto wallets saw 100.9 million downloads in 2023, or 26% less than the year before.

The Second Year of a Double-Digit Drop

According to Statista and App Magic data, the number of newly installed crypto wallets, including...

Study reveals the sectors that offer cryptocurrency as a payment method

A study by crypto tax software CoinLedger reveals that the Retail and e-commerce sector has the highest number of companies that offer the option to purchase through cryptocurrency.

The study compiled a list of more than 300 major companies known to accept cryptocurrency methods and categorised them into sectors, to discover which one contains the most companies offering crypto as a payment method.

Retail & E-commerce take first place, with 60 companies accepting...

Blockchain Expo: Modernising banking with blockchain and DLTs

Sabih Behzad, Head of Digital Assets and Currencies Transformation at Deutsche Bank, shared his views on blockchain and DLT innovation during a session at this year’s Blockchain Expo Global.

Behzad shed light on the complexities that traditional banks face, particularly in terms of moving money globally. He highlighted the limitations of current infrastructure, operating on a non-stop, 24/7 basis due to overlapping business hours across different regions.

Additionally,...

Coincover and Utila team up to enhance crypto asset management

Cryptocurrency coins.

Coincover, a blockchain protection company, has joined forces with Utila, a cutting-edge enterprise-grade crypto operations platform.

This strategic partnership brings together Coincover’s protection solutions and Utila’s secure, non-custodial wallet infrastructure.

The Utila platform provides a comprehensive and user-friendly approach to crypto asset management, with personalised wallet infrastructure that simplifies day-to-day crypto management for institutions....

Gillmore Centre for Financial Technology launches Crypto Dashboard

The Crypto Dashboard, created by the Gillmore Centre for Financial Technology at Warwick Business School, has been launched today to revolutionise monitoring capabilities for various cryptocurrency assets, providing users with enhanced real-time insights and advanced analytics.

The platform, designed by leading academics that is open for everybody, is equipped with features such as market overviews of the overall crypto landscape, a Cryptocurrencies Information Component to list...

AlphaPoint partners with Coincover to boost customer protections  

Coincover, a blockchain protection company, and AlphaPoint, a global financial technology company providing digital asset infrastructure, have partnered to provide an additional layer of protection for AlphaPoint customers.  

The partnership enables AlphaPoint clients to access Coincover’s leading Asset Protection technology, enabling them to mitigate security risks such as hacking, human error, and scams simply and effectively. AlphaPoint’s end users will be provided with...

Solana Foundation joins Dubai’s Crypto Centre

The Solana Foundation has joined the DMCC (Dubai Multi Commodities Centre) – a world-leading free zone and Dubai’s authority on commodities trade and enterprise – as an ecosystem partner at its Crypto Centre.

This strategic partnership is set to enhance DMCC’s existing offerings and collaborations by empowering its members to develop innovative concepts and scale their businesses using Solana, one of the industry's top blockchain platforms.

The collaboration...

HeLa Labs launches stablecoin-powered layer one blockchain network

HeLa Labs, a hi-tech company, has launched a next-generation layer one blockchain network with privacy-preserving and consensus protocols for real-world adoption.

Kerching Choo, co-founder of HeLa Labs, said: “Our aim is to bring real-world adoption benefits to all industries, empowering them to leverage the power of our layer one blockchain.”

The launch of the stablecoin-powered layer one blockchain is a collaboration between HeLa Labs and A*STAR’s Institute of...