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More and more banks have been giving the green light to cryptocurrency. What exactly do these banks offer customers, and how can they decide which is the right bank for them? In our current dynamic financial era, the emergence of crypto- friendly banks was likely inevitable but has still been very welcome, particularly among crypto enthusiasts. These banks are helping redefine how digital assets are handled, serving as conduits between traditional economic systems and the growing world of cryptocurrencies. They simplify the management and growth of digital currencies, making them more accessible and user- friendly . With this context, let’s explore the top 10 cryptocurrency banks that are changing the rules in the financial world. What are crypto-friendly banks? Crypto-friendly banking is an innovative financial strategy designed to meet the unique requirements of the ever-evolving cryptocurrency sector. This approach goes beyond conventional banking, establishing a flex...

Bakong, Cambodia’s digital currency , has surpassed 10 million opened accounts, accounting for 60% of the nation’s population. In a recent interview with Nikkei Asia on Dec. 19, Cambodia‘s central bank governor, Chea Serey, revealed that the country’s nascent digital currency, known as Bakong, co-developed with a Japanese startup, has been distributed between approximately 10 million accounts. The figure is a significant milestone as around 60% of the nation’s population now potentially utilizing Bakong for transactions, the report indicates. Serey also shared plans for expanding Bakong’s reach internationally, particularly through a collaboration with UnionPay International, China‘s card payment service, and other global partners. “We have already launched cross-border payment connectivity with Thailand, Laos, and Vietnam.” Chea Serey You might also like: Cambodia: Project Bakong CBDC goes live Moreover, the Nation...

The telecommunication firm Internet Initiative Japan will use the yen-pegged digital currency for clean energy settlements. Japan will launch its first bank-supported digital currency in 2024 as the digitization of economies races ahead. Japanese internet bank GMO Aozora Net Bank is said to issue the yen-pegged digital currency — backed by bank deposits — under the ticker DCJPY by July 2024, Reuters has learned. The turnover of DCJPY will be made using a blockchain network developed by DeCurret, a Japan-licensed cryptocurrency exchange acquired by Amber Group in early 2021. You might also like: SBI Holdings and TradeFinex partner to drive blockchain adoption in Japan Initially, it is planned that telecommunication firm Internet Initiative Japan will use the digital currency for settlement of clean energy certificates. However, DeCurret reportedly also discussed with other Japanese giants, such as Mitsubishi UFJ Financial Group Inc, to tap the technology. Japan’s d...

Join Our Telegram channel to stay up to date on breaking news coverage Avalon Corp, a Web3 gaming startup founded by a group of seasoned professionals in the video game industry, has secured $13 million in investment in a round that was co-led by Bitkraft Ventures. Participants in the round included Hashed, Delphi Digital, Mechanism Capital, Coinbase Ventures, and others. Also, the round received money from angel investors including former Microsoft executive Charlie Songhurst and Twitch co-founder Kevin Lin, to name a few. Experienced game developers with prior experience at companies like Electronic Arts, Microsoft, Blizzard, and Sony make up the Avalon team. The Unreal Engine 5-based Avalon, which will have certain MMO and metaverse components, is the studio’s debut title. Nevertheless, because to the way the term has been appropriated and misapplied, Avalon Corp CEO Sean Pinnock and Chief Product Officer Jeffrey Butler said in an interview with Decrypt that they don...

Monetizing digital art with NFTs provides proof of ownership, increased value and potential for royalties. Nonfungible tokens (NFTs) offer a new way to sell and distribute digital art, and they have the potential to unlock new revenue streams for artists in the digital age. Here are five ways to monetize your digital art with NFTs. Fractionalized ownership This involves splitting the ownership of an artwork into smaller parts and selling them as tokens, allowing multiple investors to own a stake in the artwork. For example, an artist can create 100 tokens for a piece of art and sell them to 100 different buyers, each of whom owns a share of the artwork. Related: How do you assess the value of an NFT? Dynamic NFTs Dynamic NFTs are a type of NFT that changes over time, creating a unique and evolving experience for the owner. Dynamic NFTs can use external data sources to update the artwork, such as social media feeds or actual occurrences.  For example, “The Eternal Pump” is a dynamic NF...