Fast-rising mortgage rates are causing homebuyers to rush into the housing market before they get priced out.

The Central Bank of Malaysia, also known as the Bank Negara Malaysia (BNM) is exploring the possibility of launching its own central bank digital currency (CBDC). At the moment, the project is still in a “research mode” as the Asian nation is only looking towards “assessing the value proposition” of digital currencies. In an email written to Bloomberg, BNM stated: “BNM is actively assessing the value proposition of CBDC to Malaysia.” adding, “While a decision has not been made to issue CBDC, we have focused our research on CBDC via proof-of-concept and experimentation to enhance our technical and policy capabilities, should the need to issue CBDC arise in the future.” Earlier last year, Malaysia allied with the Bank for International Settlements, South Africa, Australia, and Singapore to develop a proof-of-concept CBDC pilot. Dubbed Project Dunbar, the pilot utilized the Corda and Quorum blockchain platforms from r3 and ConsenSys, to demonstrate the capabilities of blockchain-based cross-border remittances. The goal behind this includes developing a multi-CBDC platform to bring together central banks and commercial banks from over the world for cross-border payments solutions. Several countries have been testing the use of central bank-issued digital currencies. For instance, Thailand’s central bank has planned to test its retail CBDC for the public this year. Similarly, Cambodia has already rolled out its tokenized version of Cambodian riel, a blockchain-based CBDC called Project Bakong, and is recognized as one of the world’s first CBDCs. The Indonesian and Philippine central banks have both been racing towards developing their own digital currency. Indonesia, for instance, said that it’s developing a CBDC to counter the increased cryptocurrency usage in the country. Meanwhile, China has been testing and developing its e-CNY digital currency and wants to officially introduce it during the 2022 Winter Olympics.

The post Malaysia’s Central Bank Exploring the Potential Launch of a CBDC appeared first on Cryptoknowmics-Crypto News and Media Platform.

Crypto trading and investment platform Phemex is making strides to deliver on its mission to build and support the metaverse. The full-service crypto exchange was launched in 2019 and has already built out a bevy of tools. In a short amount of time, Phemex is already approaching 100 total spot and contract pair offerings. Now, the platform continues to show its support of the metaverse by listing the Axie Infinity-based token SLP. In addition, Phemex is hosting a special Metaverse edition of their popular Grab a Coin Campaign where users can join to win SLP. The platform’s latest “Choose Your Reality” campaign kicked off its focus on metaverse-related projects. Now Phemex expands upon that initiative by listing the Axie Infinity-powered token, Smooth Love Potion (SLP). The move comes after Phemex already introduced support for two other metaverse-based tokens in recent months: native Axie Infinity platform token AXS, and Decentraland’s MANA token. The exchange has also introduced their own virtual reality GameFi product and hosts a deep-dive brief on everything you need to know about Axie Infinity on the Phemex Academy. The announcement to support SLP shows Phemex’s prolonged interest in metaverse-based products and platforms. SLP is an ERC-20 token that is earned by playing Axie Infinity and winning battles against other players. It can be used to breed new Axies. Additionally, SLP can act as incentives for Axie Infinity players who reach certain levels, and SLP can also be used to buy and sell items outside of Axie Infinity. While SLP had to be previously earned through in-game battles, increased accessibility of SLP courtesy of Phemex will allow the Axie environment to grow and develop even further. Axie Infinity has served as the ‘face’ of play-to-earn thus far, as the landscape continues to grow and expand. 2021 proved to be a massive growth year for Axie Infinity and many other play-to-earn and metaverse products. This bodes well for the longevity and innovation in our constantly-growing digital worlds. Through its SLP listing, Phemex shows clear belief in the emergence of the metaverse, as well as other relevant initiatives like GameFi, play-to-earn, and NFTs.    

The new year is upon us, and that means a restart to the business year, and all new things to look forward to. What will happen this year? Sure hard to say at the moment, but every new year comes with new stories of legalizations, court cases, innovative products, events, and medical findings. What about […]

The post 2022 Predictions for the Delta-8 THC Industry appeared first on CBD Testers.

Boku, a global mobile payment and mobile identity company, is expecting to generate approximately $69 million in revenue in 2021, according to the latest trading update.

Free Fire today returns with its latest Patch Update – Illuminate – for both Free Fire and Free Fire MAX. With the release of Illuminate, players will have access to a brand new weapon Charge Buster, a new matchmaking function in Craftland, and updates to in-game characters among many other exciting new features! The recent […]

The post Free Fire OB32 Patch Updates appeared first on TalkEsport.

The cannabis industry can be a minefield of potential legal, tax, and licensing issues. In particular, cannabis lease agreements can be a hotbed of hidden problems. Many operators have been […]

When the pandemic struck, it caused us to leave our offices, work from home, and rush to the cloud. Centralized offices became decentralized networks of people working from home. Because of this, many cloud apps went from important tools to centers of gravity for our departments. Ideas that bloomed in a conference room now take root in […]

The post Three SaaS and IT Predictions for 2022 appeared first on DATAVERSITY.

If you’re focused on getting the best deal when buying bitcoin and crypto, you’ve come to the right place. In this article, we review the top crypto exchanges with the lowest bitcoin fees.

The post Bitcoin Fees Comparison: How to Get the Best Deal appeared first on Bitcoin Market Journal.

The meme-based cryptocurrency Shiba Inu (SHIB) faced extreme selling pressure in the last few months after a retail frenzy pushed the digital asset’s price to a record high of $0.000088 in October 2021. CoinMarketCap’s recent data shows that the market cap of Shiba Inu has dropped below $15 billion, the lowest level since 12 January.  […]

The eleventh-hour reprieve comes as both companies are “working closely” to reach a longer-term agreement.

Tuesday, January 18, 2022 Aristotle, Confucius, Voltaire, and Shakespeare – each of them famously cautioned, in some fashion and in his own language, that perfect is the enemy of good. While we should strive for the best result, if the best result is not attainable, we shouldn’t forego a good result to end up with […]