Author: Vickie Helm

DBS Bank, the leading bank in Singapore in terms of assets, has unveiled a new offering named ‘DBS Token Services,’ designed to enhance blockchain solutions for its corporate clientele. This innovative service suite focuses on improving liquidity management and simplifying operational processes. The DBS Token Service is part of the bank’s strategy to modernize financial transactions with the integration of tokenization and smart contract functionalities. This initiative is a significant advancement in the realm of digital banking and enables institutions to perform transactions more efficiently. DBS Token Service Overview The newly launched DBS Token Service provides various benefits for clients,…

Disclaimer: The opinions shared in this article are exclusively those of the authors and do not reflect the views of crypto.news editorials. Envision a scenario where average investors can easily acquire shares in hidden oil fields or invest in iconic skyscrapers at the click of a button. This is the potential of real-world asset (RWA) tokenization. This innovative technology stands to unlock massive value in markets that have traditionally been hard to access, including real estate and infrastructure. While it holds the promise to transform global finance, the rapid advancement in this field often outstrips the development of necessary regulatory…

According to a recent study by the Digital Chamber of Commerce, cryptocurrencies might play a crucial role in influencing the outcome of the 2024 US presidential election. The study emphasizes that approximately 14% of American voters believe a candidate’s stance on digital assets will guide their voting decisions. In a survey involving 1,004 respondents, dubbed “Americans’ Views on Cryptocurrency Policy and Its Impact on Voting,” it was found that about 16% of voters—equating to around 26 million individuals—could be identified as part of a new movement termed the “cryptocurrency voting bloc.” When inquired if they would be more inclined to…

Stripe Teams Up with Paxos to Launch Stablecoin Payment Services In a significant move to enhance its payment capabilities, Stripe has announced a collaboration with Paxos to introduce a stablecoin payments platform. This initiative will allow for instant conversions of currencies including PYUSD, USDC, and USDP, aiming to lower transaction costs and broaden Stripe’s international scope. Streamlining Stablecoin Transactions for Businesses Paxos’ newly introduced platform provides a robust framework for onboarding, transactions, conversions, and payment processing. By integrating this service into its “Pay with Crypto” option, Stripe simplifies the acceptance of stablecoin payments for businesses. With this collaboration, merchants can…

Singularity Finance is set to launch its mainnet in the first half of 2025, with a focus on tokenizing AI assets using the EVM Layer 2 platform. The tokens SDAO, CGV, and KEY will be merged into one unified token for the network, named SFI, which will initially be available on Ethereum and BNB chains. In a strategic initiative to merge artificial intelligence (AI) with decentralized finance (DeFi), SingularityDAO, Cogito Finance, and SelfKey are developing a cutting-edge EVM Layer 2 platform aimed at bringing the AI economy onto the blockchain. This collaboration has led to the formation of Singularity Finance,…

CrossFi has introduced its new EVM-compatible mainnet, representing a crucial advancement in the fields of decentralized finance (DeFi) and Web3 payment systems. This network is designed to handle up to 10,000 transactions per second (TPS) and allows for the seamless transfer of Ethereum assets. Transaction fees average around $0.02, managed through governance via MPX tokens. The CrossFi blockchain is crafted to integrate both traditional finance and the cryptocurrency space, fostering a decentralized environment tailored for high-volume payments and daily financial activities. The mainnet launch follows a prior successful testnet, which was executed in partnership with CoinList, gaining traction with more…

MicroStrategy is on a mission to establish itself as the preeminent Bitcoin bank in the world, with a substantial holding of 252,220 BTC. The company is channeling borrowed resources into Bitcoin investments and anticipates a remarkable 29% annual return. Founder Michael Saylor envisions growing the enterprise into a $1 trillion organization centered around Bitcoin. In a recent discussion with analysts from the research and brokerage firm Bernstein, Saylor articulated a distinct vision for MicroStrategy’s trajectory as it endeavors to become the dominant Bitcoin bank globally. Saylor asserts that Bitcoin (BTC) is not only the standout investment of this century but…

Alchemy Pay has recently announced the exciting integration of its virtual card service with Samsung Pay, facilitating hassle-free cryptocurrency transactions. This new feature allows users to make purchases at various retailers, including well-known platforms like Amazon and Netflix, using their cryptocurrency assets. This latest integration follows a similar partnership with Google Pay, which was established just weeks prior, highlighting a commitment to improving user convenience for the increasing number of individuals wanting to utilize digital currencies in daily spending. Expanding Crypto Payment Opportunities By combining forces with Samsung Pay, Alchemy Pay is enhancing its virtual card service, which currently has…

0G has officially transitioned into a decentralized AI operating system (dAIOS). Previously recognized as a frontrunner in modular AI blockchain technology, 0G is now set to make AI accessible as a public resource while generating interest across multiple industries. On October 1, 2024, 0G unveiled its significant shift in identity from a modular AI blockchain leader to pioneering the world’s first decentralized AI operating system (dAIOS). This transformation showcases 0G’s dedication to making artificial intelligence decentralized, allowing users to have complete control over their data, while enhancing transparency, monetization opportunities, and alignment of incentives. Optimize Your AI Processes with Decentralization…

Transak has successfully obtained its inaugural money transmission license (MTL) from Alabama, a move set to enhance the security, speed, and regulatory compliance of cryptocurrency services in the U.S. The company aims to acquire additional state licenses to bolster its Web3 payment framework. On October 3, 2024, Transak USA LLC marked a significant achievement by securing its first Money Transmission License (MTL) from the Alabama Securities Commission. This key regulatory endorsement establishes Transak as a fully licensed financial entity within the state, representing a critical advancement in its endeavor to deliver secure and accessible cryptocurrency solutions nationwide. Transak’s Growth in…