Global Settlement Network (GSN) has partnered with Diacente Group to launch a $5.5 billion tokenized economy in Uganda’s Karamoja region. The initiative includes piloting Uganda’s first central bank digital currency (CBDC), backed by treasury bonds and accessible via mobile devices. Built on GSN’s blockchain, the project will digitize key sectors like agriculture, mining, and energy,
Cryptocurrency investment products held steady amid last Friday’s massive flash crash, recording strong inflows over the past week. Crypto exchange-traded products (ETPs) recorded $3.17 billion in inflows last week despite the market correction caused by fresh China tariff threats from US President Donald Trump, CoinShares reported on Monday. “Friday saw little reaction with a paltry
America’s federal government has entered its third week of shutdown, leaving as many as 16 exchange-traded funds (ETF) awaiting approval should the shutdown continue into November. Most of the US government came to a standstill on Oct. 1 when the Republicans and Democrats failed to reach a funding agreement. This has caused agencies, including the
In a recent 60 Minutes interview BlackRock CEO Larry Fink shared his thoughts on cryptocurrency. He said crypto has a role similar to gold, acting as an alternative asset for investors, reports Ash Crypto via X. Fink stressed that crypto is not meant to replace money but can serve as a store of value outside
As per one of the reports made by the RBC, the Central Bank of Russia is evaluating a project of tokenising shares of local firms so that foreign investors could purchase them via foreign digital marketplaces. 吴说获悉，据 RBC，俄罗斯央行正在评估将本国公司股票进行代币化，以便外国投资者可在海外市场购买。央行第一副行长 Chistyukhin 表示该方案“具有可行性”，但执行需依赖外国合作方提供代币化与交易平台支持。https://t.co/OB7bCpE49b — 吴说区块链 (@wublockchain12) October 13, 2025 Russia’s Central Bank Evaluates Stock Tokenization Plan The program
Dubai has unveiled an ambitious reform plan for its financial sector, setting its sights on becoming one of the world’s top three financial centers. The initiative, called the Dubai Financial Industry Strategy, outlines a roadmap for strengthening the emirate’s economy through innovation, regulation, and digital transformation. Virtual Assets, Capital Markets, and FinTech as Core Pillars
Story Highlights Fear of US China trade war escalation after the threat of 100% tariffs resulted in sharp crypto market plunge. It caused $380 billion drop in market capitalization before recovery. The crash was driven by a misinterpretation made by Trump about China’s rare earth export rules On October 10, crypto markets plunged as President
Robert Kiyosaki, the renowned author known for his book “Rich Dad Poor Dad” on financial freedom, announced that he supports US President Donald Trump’s policy of opening 401k retirement plans to alternative assets. Kiyosaki described Trump’s policy, which now allows 401k funds to be used in “alternative investments,” including real estate debt, physical gold and
The cryptocurrency world was rocked by a massive market crash on Friday night following Donald Trump’s announcement of 100% tariffs on China in retaliation. Although there has been a partial recovery in Bitcoin and altcoins today, the effects of the decline still continue. However, next week is expected to be active due to developments regarding