Credit: Unsplash.Embattled cryptocurrency exchange Binance faces a setback as payment card giants Mastercard and Visa discontinue certain services, reflecting the financial industry's growing caution amid regulatory scrutiny and broader compliance concerns in the crypto sector.Mastercard's Card PullbackMastercard has decided to cease offering Binance-branded cards in Latin America and the Middle East. These cards enable users...
The Citibank logo. Credit: Banking Dive.Citi has unveiled a new token service harnessing blockchain technology to provide digital asset solutions to its institutional clients. The bank made this announcement on Monday.Citi Token Services: Revolutionizing Digital Asset SolutionsThe newly introduced service, Citi Token Services, can convert clients' deposits into digital tokens, which can be utilized...
Credit: Unsplash.A groundbreaking paper from the Illinois Institute of Technology researchers highlights that blockchain technology, investor sentiment, and economic stress levels are significant predictors of Bitcoin returns. The empirical evidence presented in the paper aims to provide valuable insights for investors, economists, and academics.Co-authored by Sang Baum "Solomon" Kang, associate professor of finance at...
The proposed architecture for presenting NFT-based patent. Credit: SIATBy making use of blockchain technology, digital assets are extensively organized into fungible and non-fungible tokens (NFT). NFT relates to those with one-of-a-kind and non-substitutable properties.A research group directed by Professor QU Qiang from the Shenzhen Institute of Advanced Technology (SIAT) of the Chinese Academy of...
We understand Elon Musk is a fan; however, what is all the fuss around, and when will the Bitcoin bubble burst?Comparable to the stock market, the cryptocurrency market is regularly subjected to extreme cost variations-- both upwards and downwards. Tesla recently buying $1.5 billion worth of Bitcoin is simply one example of how the...
