Praxis, an organization devoted to developing the first network state, has raised $ 525 million to finance the construction of its first city. The funding will streamline the construction of Praxis’ vision of a network state, a group of individuals with coordinated values settled in a metropolis. Praxis Announces $ 525 Million Financing …
The Hong Kong Monetary Authority has launched a sandbox to test the use of tokenized assets in real-world scenarios. The sandbox aims to promote interbank settlement using tokenized currency and central bank digital currencies. The HKMA will collaborate with other regulators and industry players to support the development of Hong Kong’s tokenization market. Testing Tokenized […]
Taiwanese Central Bank Governor Yang Chin-long stated that the development of digital currency (CBDC) is not an international competition, and being the first to launch does not guarantee success. He disclosed that the Central Bank of the Republic of China (Taiwan) will conduct three scenario tests for the digital New Taiwan Dollar. Despite no current […]
Bitcoin’s price on July 1, 2024, stands at $ 62,769, with a 24-hour intraday price range of $ 61,261 to $ 63,694. The cryptocurrency’s market capitalization is $ 1.23 trillion, and the 24-hour trade volume is $ 21.98 billion. Bitcoin Bitcoin’s hourly chart presents a strong upward trend starting from …
The Federal Reserve Board’s annual stress test results reveal that large banks are expected to face nearly $ 685 billion in projected losses during a severe recession scenario. These losses are significantly higher than last year due to increased risks in bank balance sheets and higher expenses. The aggregate common equity tier 1 (CET1) …