Venom Foundation Partners with the UAE Government to Launch National Carbon Credit System

Abu Dhabi, UAE, August 9th, 2023, Chainwire Venom Foundation, a leader in blockchain technology adoption in regulated markets, is thrilled to announce the signing of a momentous Memorandum of Understanding (MOU) with the UAE Government to develop and implement the National Carbon Credit System.

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Venom Foundation And The UAE Sign MOU For A Greener Future Through The National Carbon Credit System

Venom Foundation,  the first crypto foundation licensed in UAE’s ADGM, has signed a Memorandum of Understanding (MOU) with the UAE government to help develop and implement the National Carbon  Credit System.

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UAE signs deal to develop carbon credit system on Venom Foundation blockchain

The UAE recently announced that it intends to reduce carbon emissions by 40% by 2030, a marked increase over its previous pledge.

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Federal Reserve launches ‘FedNow’ instant payment system

The newly launched FedNow Service aims to empower banks and credit unions. FedNow will allow for the execution of transactions 24/7 365 days a year. 35 banks and credit unions, including the U Bureau of the Fiscal Service of the US Department of the Treasury, are already equipped to handle payments through the FedNow Service.

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Federal Reserve Officially Launches Instant Payments System FedNow

Federal Reserve launches FedNow Service for instant payments to empower banks and credit unions.

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Swiss National Bank says it will support Credit Suisse if necessary

Swiss regulators reaffirm the soundness of the Swiss financial system, following recent concerns about Credit Suisse.

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Moody’s launching stablecoin scoring system

Moody's, a leading credit rating agency, is developing a scoring system for blockchain-based stablecoins.

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Crypto Wallets On Crosshair of Major Banks As They Take On PayPal, Apple Pay

The major US banks, including Bank of America, JP Morgan Chase, and Wells Fargo are planning to introduce a new system that uses a digital wallet linked to customer credit cards and debit cards. The plan is slated to start rolling out in the second half of 2023.

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CryptoSlate Wrapped Daily: Alameda’s $65B ‘backdoor’; Thailand’s digital wallet system

The biggest news in the cryptoverse for January 17 saw court proceedings reveal that Alameda Research had a $65 billion artificial credit line at FTX. The post CryptoSlate Wrapped Daily: Alameda’s $65B ‘backdoor’; Thailand’s digital wallet system appeared first on CryptoSlate.

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Masa Finance launches soulbound Web3 identity protocol for Ethereum

According to the developers, the soulbound credit score system uses over 10,000 data points to determine a Web3 user’s creditworthiness.

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Decentralized Credit Scores: Polygon Looks to Disrupt Market With Its New Identity System

Decentralized credit scores: Determining a user’s credit score in the decentralized web isn’t always an easy thing to do. That's because privacy is embedded as a key tenet of the crypto industry.

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Tether, Holepunch, and Synonym launch P2P credit system Pear Credit

Tether, the company behind the world’s largest stablecoin Tether (USDT/USD), has together with encrypted protocol Holepunch and Bitcoin-focused platform Synonym, unveiled a new peer-to-peer (P2P) credit system.

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Will A Fractional Reserve System Exist On A Bitcoin Standard?

The free banking era is the closest example of how banking might look on a bitcoin standard, but will credit and fractional reserves be part of that system?

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Crypto Loans Are Booming in Latin America Amid Runaway Bank Rates and Inflation

The traditional banking system and economic instability are making it difficult for Latin Americans to get credit, but crypto lending is thriving across the region.

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Soulbound Tokens: Social credit system or spark for global adoption?

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De-Leveraging The Eurodollar System In Favor Of Bitcoin

The eurodollar has been an instrument that allowed for massive global credit and leverage. Bitcoin will benefit from the de-leveraging of that failing system.

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Credit Suisse claims we are witnessing the birth of a “new world monetary order”

The Bretton Woods system was created after the massive economic devastation World War II caused. The post Credit Suisse claims we are witnessing the birth of a “new world monetary order” appeared first on CryptoSlate.

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MetaVisa: Promoting development of decentralized identity and credit system

On November 9 of this year, Discord founder and CEO Jason Citron shared an image on Twitter suggesting that Discord may be testing the functionality of linking Ethereum addresses to Discord pages.

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MetaVisa Credit System: Redefining Identity In The New Technological Age

Identity is very important in the new technological age. People are identified using documents such as driver’s licenses or ID cards of a sort. One’s identity comprises their name, gender, nationality, place of residence, family composition, etc.

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MetaVisa Introduces Decentralized Identity And Credit System For DAO And GameFi

MetaVisa is a layer three middle protocol built on Ethereum to become the metaverse’s decentralized identity and credit system. MetaVisa is helping users establish and display reliable on-chain identity and credit records by analyzing on-chain behavior preferences, credit history, address activity level, address correlation, asset holdings, and portfolio.

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MetaVisa To Launch Limited-Edition Line of MetaVisa Hero Assembly NFTs In The Coming Weeks

MetaVisa, a layer-3 middleware protocol built on Ethereum, with a focus on developing a decentralized identity and building a credit system in the Metaverse has revealed that it will launch the limited-edition line of MetaVisa Hero Assembly NFTs in the coming weeks.

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MetaVisa Raises $5 Million In Seed And Private Round Funding To Decentralize Digital Identities

MetaVisa, a decentralized digital identity credit rating system, has announced raising over $5 million in seed capital from a private round. The round was done by a consortium of investors that included the following: Collinstar Capital, Tensor Investment Corporation, Black Mamba Ventures, Maven Capital, Dutch Crypto Investors, Seeded Ventures, GTA Ventures, HG Ventures, Amplio Capital, […]

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Don't Fall For The Social Credit Scoring System Trojan Horse

Mastercard is part of a larger effort to introduce social credit scoring under the guise of ESG concerns. Bitcoin fixes this.

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Ethanol Token – Launching World’s First Decentralized Gas Credit System

Facilitating a transaction on an Ethereum network with the increasing gas price has been distressing for investors. The developers of Ethanol were the first ones to put their foot down and address the issue with Ethanol V1.

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Mastercard Partners With Winklevoss’ Gemini To Launch Its Crypto Rewards Credit Card

One of the world’s largest credit card company, Mastercard has partnered with the Winklevoss brothers’ Gemini cryptocurrency exchange to facilitate its credit card crypto reward system. The Gemini-powered credit cards would offer a 3% crypto reward on purchases through the card starting this summer.

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DeFi Needs Reliable Credit Scoring System, but We Must Be Cautious

Credit scores help build trust and determine eligibility for global lending markets. For DeFi to go mainstream, a similar system must be put in place to increase trust in DeFi lending. The post DeFi Needs Reliable Credit Scoring System, but We Must Be Cautious appeared first on BeInCrypto.

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All-in-one TTM Bank Card: VISA Gives Green Light

We have all been familiar with the VISA payment system for a long time. It ensures the security of our credit and debit cards, allowing us to easily use them in our daily lives.

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How A Little Bird Is Delivering Trust

Oracles are necessary to bring off-chain data and information into the blockchain Money’s Oracle blockchain technology is building the mechanisms used in the legacy financial system for the cryptocurrency space Money is also working on the Decentralized Finance equivalent of a credit score, which delivers a user’s DeFi history to lending protocols Leveraging trust in […]

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HDBank Becomes First Vietnamese Bank To Issue Blockchain-Based Letter of Credit

HDBank has become the first bank in Vietnam to issue a letter of credit (LoC) via blockchain technology. This development is expected to bring about a major change in the banking system of the country.

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“Mystarwallet” Announces Credit Card Integration in Its Revolutionary Messenger-Based Crypto Wallet

(November 14, 2020) – Mystarwallet, the innovative wallet for trading and exchanging all types of igital assets with the advantage of a messenger system, is pleased to announce yet another new feature – the integration of a credit card payment system.

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New Malware Spotted in the Wild That Puts Cryptocurrency Wallets at Risk

Using forked code from Loki malware, Anubis can steal cryptocurrency wallet IDs, system info, credit card details and other information.

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yEarn Expanding its Ecosystem to Bring in Hot DeFi Tokens into the Mix

DeFi craze continues to get hotter as the system grows. yEarn’s zero supply valueless token YFI climbed to a new high today at $5,300 and is currently trading at $4,700. Today, it also announced integration with Aave with the launch of the Credit Delegation service.

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DeFi App Aave Creates First Credit Delegation Loan to DeversiFi Decentralized Exchange

Aave has announced the launch of the Credit Delegation (CD) facility last month, which aims to increase liquidity on the platform and ease capital movements across the DeFi ecosystem. This aims to open up the DeFi ecosystem to traditional markets allowing direct lending and saving to millions of people across the globe. The CD system […]

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Samsung backed startup to build an Islamic blockchain-based credit system

The Islamic Research and Training Institute (IRTI) has partnered with Samsung-backed startup, Blocko, via the E24P consortium.

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Samsung-Backed Blocko Partners IsDB to Offer Sharia Compliant Blockchain Lending

The Islamic Development Bank’s (IsDB) research division has collaborated with Blocko, a blockchain technology company, to build a blockchain-powered credit system.   Sharia-compliant Blockchain Lending According to a report by Construction Business News on Tuesday (June 16, 2020) IsDB’s Islamic Research and Training Institute (IRTI) together with Blocko, is developing a blockchain-based credit system for businesses.

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Samsung-Backed Blocko to Build Blockchain-Based Credit System for Arab Bank

The Islamic Development Bank’s research organization has partnered with Blocko to build a blockchain credit management system.

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India Plans Bitcoin Ban Even as Its Banking System Gradually Collapses

The Indian government is planning to introduce a law that would effectively ban Bitcoin. Local media reports that the Ministry of Finance has moved the proposal for inter-ministerial consultation. India’s decision to ban cryptocurrencies surface even as it faces one of its worst credit and banking crisis.

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Japan’s Credit Card Giant Joins Hands with TECHFUND for Blockchain Transaction System

Coinspeaker Japan’s Credit Card Giant Joins Hands with TECHFUND for Blockchain Transaction SystemJCB and TECHFUND will be working together to create a blockchain-based platform for security token offerings (STOs) and other enterprise-grade solutions.

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Japan’s Top Credit Card Issuer Building Blockchain Payment System

JCB’s partner in the venture, TECHFUND, offers services to accelerate the adoption of blockchain technologies for startups

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MoneyGram to Offer Direct Deposits in India Via Federal Bank; Both Members of RippleNet

MoneyGram will now offer direct deposits to India following its partnership with Federal Bank, one of the leading financial institutions in the country. According to a recent announcement by the payment system service provider, this alliance will be strategic in offering its Indian clients an account credit option via the Federal Bank. The MoneyGram announcement reads, […]

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KuCoin’s Project Pinocchio Unearths Suspicious Native Indian Casino Crypto Project

KuCoin Global’s non-profit credit information system, Project Pinocchio, was recently launched in partnership with several well-known, credible, and authoritative institutions and media platforms in the cryptocurrency industry, including BTCManager, to establish a credible project review platform to foster self-discipline and integrity in the budding crypto industry.

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Robinhood Maxes Out $200M in Credit Amid Coronavirus Fears, Experiences System Shutdowns

Robinhood continues to experience significant system malfunctions. Amid the uncertainty, the company drew all $200 million it had in credit as a precaution. Robinhood is not only among the most popular place to buy stocks, but it also remains a growing hub of cryptocurrency trading.

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How the Coronavirus Could Send Ripple’s XRP Price Soaring

The COVID-19 outbreak has caused financial systems to go into chaos. Global Monetary systems are under tremendous pressure. The cash and credit system is taking the heat. It seems like it may weather the storm.

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Cryptocurrency Could Kill Bank Lending, Warns Bank of England Deputy Governor

In the cryptocurrency economy, the supply of credit through the banking system could disappear, warned Bank of England Deputy Governor Sir Jon Cunliffe. That would be a change with “profound economic consequences,” he added, emphasizing the risks from Facebook’s Libra project and global stablecoins.

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BTC-Alpha has integrated the purchase of cryptocurrency with bank cards

At BTC-Alpha, you can now purchase cryptocurrency using credit or debit cards. The purchase process is completed via a third party – the Mercuryo processing system. Fully verified users can purchase any of four cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), USD Tether (USDT) or Tron (TRX).

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China to use blockchain technology in its new social credit system

Following President Xi Jinping’s decision to embrace blockchain technology, different federal agencies within China stepped forward to abide by the new order. Now, several industry experts held a seminar to create an elaborate digital system of governance.

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Chinese Experts Suggest Using Blockchain Tech in ‘Social Credit’ System

Chinese experts held a seminar on how blockchain technology can help the local government’s social credit system

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China’s Overreaching Social Credit System Makes Room for Bitcoin to Shine

The Chinese government of today is known for several things, but perhaps one of the most prominent will be its consistent efforts to keep control of its people. By launching several initiatives, Beijing has gone well out of its way to ensure that it has its eyes all over the country.

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US Treasury Department Pilots Blockchain-Based Federal Grants Tracking System

The US Treasury Department, which is in charge of government revenue, has been reported to experiment with blockchain tech in order to develop a system that tracks federal grants. The proof-of-concept (PoC) program that’s intended for a blockchain-based grant recipients’ letter of credit is about to be completed, says Craig Fischer, the manager of the […]

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