The United Nations Development Programme (UNDP) has expanded its partnership with the Stellar Development Foundation following successful blockchain payment pilots in multiple countries. These pilots reduced aid distribution costs significantly, such as in Syria where costs dropped from 10% to 2%, and improved payment resilience, demonstrated in Haiti where payments continued despite a cellular outage. The new agreement allows UNDP country offices to implement blockchain payments more broadly, aiming to enhance financial aid delivery and support development in regions with limited banking access. This move aligns with growing global interest in blockchain for faster, cheaper cross-border payments and tokenized assets, with Stellar also advancing partnerships with MoneyGram and DTCC.
Chu Hai Bang (Shenzhen) Technology Co., Ltd. has launched Vibeperk, a global cross-border e-commerce platform that offers genuine consumer goods at permanently lower prices than Amazon and other major retailers. The platform emphasizes transparent, u...
Edelson Lechtzin LLP is investigating Kering S.A. for potentially keeping tariff-related price increases on luxury brands like Gucci and Saint Laurent without refunding consumers after the U.S. Supreme Court ruled the tariffs unlawful in February 202...
Richard Heathcote, former chief investment officer of Tether, is seeking to sell part of his 1.26% stake in the stablecoin issuer, potentially revealing insights into Tether's private ownership. The sale, managed with PJT Partners, could provide a ra...
South Korea's largest crypto exchange, Upbit, will start trading OpenGradient's OPG token against the Korean won on July 7, following a successful debut against BTC and USDT on June 15 that saw trading volume spike by 600%. OPG is a decentralized AI ...
The Trump administration's plan to create a Strategic Bitcoin Reserve is facing legal challenges over which federal agency can control seized Bitcoin holdings. While the Treasury was initially named to manage the reserve, the Commerce Department has ...
