The ASEAN Financial Innovation Network (AFIN) announced the appointment of H.E Serey Chea, Prof. Olayinka David-West as advisors and Latha Ayyar as an independent director to its board.Through their respective roles, they will bring in invaluable expertise in financial platforms, innovation and digital technologies to propel the growth of AFIN and its flagship product, API Exchange (APIX). APIX is a global cloud-based digital platform with a focus on financial inclusion, that enables financial institutions and fintechs to discover one another on a curated global marketplace, design experiments collaboratively in the
Rate this post Phil Anderson, a candidate for Wisconsin State Assembly, is now accepting crypto donations for his Assembly campaign. This move by him is considered as a step to challenge the state regulator by accepting the donations in Bitcoin. It is revealed that people will be able to donate crypto through BitPay, which is a major crypto payment service provider. Anderson said in an official statement that he is accepting Bitcoin donations for his campaign even when there is huge uncertainty in the Wisconsin Ethics Commission (WEC) regarding crypto regulation.
Coming every Sunday, Hodler’s Digest tracks every important crypto news story from the previous week. Essential reading for all Hodlers!Top Stories This WeekThree reasons why Bitcoin suddenly dipped under $10K — and recoveredIt’s been a bad end to an already trying week for Bitcoin. At one point, prices fell below $10,000 across major exchanges. Overall, the world’s biggest cryptocurrency has seen its value fall by 11.7% in recent days. Most of these losses came on Thursday when a sudden drop of 7% in less than two hours wiped out $99 million
With the growing interest and adoption of cryptocurrencies, about 80% of central banks worldwide are looking to create their own cryptocurrency. The People’s Bank of China (PBoC) is at the forefront of them all. China’s central bank has been working on its DCEP for about six years now. In 2018, China’s Central Bank former governor Zhou Xiaochua pointed out that it will take nothing less than a decade for its digital yuan to be fully functional. However, several events have propelled this timeline forward. One of which was the proposed
The rise of DeFi protocols and the demand for tokens in liquidity pools may be contributing to a huge surge in the supply of stablecoins.According to an Sept. 3 tweet from Coin Metrics co-founder Nic Carter, the current supply of stablecoins Binance USD (BUSD), Dai (DAI), HUSD, Paxos Standard Token (PAX), USD Coin (USDC), USDK, Tether (USDT), USDT_ETH, and USDT_TRX has been increasing by roughly $100 million daily for almost two months.“Everyone got so excited about DeFi no one pointed out that stablecoins have been adding $100m/day since mid-July,” said