Technology

After debating the issue for over eight years, the secretary-general of the Organization for Economic Cooperation and Development (OECD), Mathias Cormann, welcomed a historic international agreement by G-7 finance ministers from the United States, Japan, the United Kingdom, Germany, France, Italy and Canada on key elements of global tax reform designed to address the tax
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Cryptocurrency is becoming increasingly mainstream. Between the entrance en masse of traditional financial institutions — from investment funds, to banks, to insurance companies — to the multitrillion-dollar market capitalization, crypto is truly unignorable.  As such, it is also increasingly on the radar of regulators around the world, particularly in the United States. How can this
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The global blockchain technology market size is projected to reach $72 billion in the next five years. In order to ensure this growth, however, blockchain solution providers must continue to advance and innovate.  For example, public enterprise blockchain use has become an ongoing trend this year as companies like ConsenSys aim to drive adoption for open,
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Los Angeles-based NFT games developer Mythical Games announced a $75 million Series B financing with new and existing investors. The company plans to use the fund to popularize ownership in games through playable nonfungible tokens (NFTs). The funding round was led by WestCap Group. Other participants include 01 Advisors, Gary Vaynerchuk’s VaynerFund, Galaxy Digital, Javelin
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The Fantom Foundation has announced a joint venture with AG Mentors Group headed by former Uzbekistan Deputy Prime Minister Elyar Ganiev. According to the announcement published on the Fantom Blog on Wednesday, the collaboration will use Fantom-based blockchain solutions to modernize the country’s IT infrastructure. Fantom’s partnership with AG Mentors comes amid the Uzbekistan government’s
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Cryptocurrency asset managers Pantera Capital and Arrington XRP Capital have co-led a $5.8 million private investment round for Unbound Finance, an up-and-coming DeFi treasury protocol for pooled tokens.  The funds will be used to further develop Unbound Finance’s cross-chain stablecoin platform, including the development of native bridges for instant transfers between its native UNB stablecoin
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Dominic Williams, the founder of Dfinity and its Internet Computer, has slammed the scaling solutions put forward by Polkadot and Ethereum for offering a disjointed user experience. The self-described “blockchain maximalist” criticized Ethereum’s burgeoning ecosystem of second-layer scaling solutions, describing Ethereum as starting to resembling a ridiculously elaborate “Rube Goldberg machine” of “layer-two cloud applications.”
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The Hong Kong Monetary Authority (HKMA) has published its “Fintech 2025” strategy with central bank digital currencies (CBDC), both retail and wholesale, included in the digital finance innovation package. Unveiling the fintech strategy via a release issued on Tuesday, CBDCs will reportedly play a part in the city administration’s goal of promoting comprehensive digital finance
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