The Bank for International Settlements (BIS) has published a report touting the benefits of central bank digital currencies (CBDC), especially in reducing the cost of cross-border payments. According to the report titled “Inthanon-LionRock to mBridge: Building a multi CBDC platform for international payments” published on Tuesday, CBDCs can reduce the transaction throughput of cross-border payments from three to five business […]

Running a business will demand a lot from you. It will be no walk in the park. Even after doing everything right, you may still not be successful. From the sleepless nights to the financial sacrifices to the massive losses. Nothing can prepare you for what you will encounter. Therefore it is worth getting inspiration from those who would have […]

IFX Payments today announced that the company has collaborated with Volt to integrate IFX Payments’ virtual IBANs with Volt Connect. The new partnership will support the UK and EU-based merchants through virtual IBANs to realize the full potential of open payments. The official press release shared with Finance Magnates states that the joint solution will also provide the ability to […]

Cardano price is struggling below the $2.50 resistance against the US Dollar, similar to bitcoin. ADA price must clear $2.45 to start a fresh increase. Cardano Price Analysis After a sharp decline, cardano price an upside correction above $2.20 against the US Dollar. The ADA/USD pair cleared the $2.32 resistance and the 55 simple moving average (4-hours). However, the price […]

Neptune Networks, the fixed income pre-trade market utility, recently announced that the company has selected John Robinson as permanent Chief Executive Officer (CEO). The newly appointed CEO has been a part of Neptune as a Senior Consultant since November 2020. In an official announcement shared with Finance Magnates, Neptune mentioned that the company has been under the leadership of Interim […]

The node count for Bitcoin’s leading layer-two solution, the Lightning Network (LN), has spiked to record levels following a surge of adoption. According to on-chain analytics provider Glassnode’s Sept. 27 Week on-Chain report, the number of Lightning Network nodes increased by 160% during September to tag a record high of 15,600. At the end of August, just 6,000 LN nodes […]

The U.S. Securities and Exchange Commission has filed a complaint against two Robinhood users over an alleged wash-trading-based arbitrage scheme that utilized meme stocks. According to a Sept. 27 complaint, defendants Suyun Gu and Yong Lee took advantage of differing trading fee schedules offered by different retail brokers and exchanges to extract arbitrage while wash-trading. By trading between venues that […]

Port Aventura, a world resort, is currently developing software that will allow its customers to pay for rooms and other vacation-related expenses with digital currencies. Presently, the company boasts several theme parks in Europe along with six hotels that contain approximately 2,300 total rooms. Port Aventura Gives a Greenlight to BTC Payments The software is set to be released in […]