Latest from Business Mayor
Business Mayor
27-05-2025
- Business
- Business Mayor
Exodus Launches XO Pay, An In-App Bitcoin And Crypto Purchase Solution
Exodus has officially launched XO Pay, a new crypto purchasing feature that allows users to buy and sell digital assets directly within the Exodus mobile wallet, and is now live across the United States. XO Pay aims to simplify the process for its users to easily purchase cryptocurrencies such as Bitcoin. XO Pay is powered by Coinme's Crypto-as-a-Service (CaaS) API platform and is a self custody Bitcoin wallet. This means customers can now purchase BTC within the wallet without going through third-party exchanges while keeping full control of their assets. 'XO Pay represents our commitment to making cryptocurrency more accessible to everyday customers,' said JP Richardson, Co-Founder and CEO of Exodus, in a recent press release sent to Bitcoin Magazine. 'By integrating the purchasing process directly into our mobile wallet, we're removing barriers and simplifying the journey from fiat to crypto, and back.' With XO Pay, Exodus offers a self custodial way to complete Bitcoin transactions. This rollout is part of Exodus' broader mission to make digital assets more secure, as the demand for Bitcoin is increasing. 'By creating a Web2 checkout experience into a Web3 self-custody wallet, Exodus has set a new bar for crypto user experience,' said Neil Bergquist, CEO and co-founder of Coinme. 'Exodus' innovative integration of Coinme's APIs delivers the seamless in-app purchase flow users expect while keeping them in full control of their assets.' READ SOURCE
Business Mayor
26-05-2025
- General
- Business Mayor
U.S.-Mexico rail security boosted with advanced CBP and CPKC tech
This website uses cookies. By continuing to use this site, you accept our use of cookies.
Business Mayor
26-05-2025
- Business
- Business Mayor
Top 5 flexi-cap funds with up to 32.6% returns in 5 years, as on May 21, 2025
Name: JM Flexicap FundValue Research Fund Rating: *****Net Assets: Rs 5,625 crore3-Month Returns: 7.2%6-Month Returns: -2.5 %1-Year Returns: 1%3-Year Returns: 27%5-Year Returns: 29.3% Expense Ratio: 1.8% Annualised returns in % as of May 21, 2025 Source: ET Wealth and Value Research
Business Mayor
26-05-2025
- Business
- Business Mayor
South Korean Democrats Push For Faster KRW Stablecoin Adoption
Under its larger goal to strengthen the nation's financial independence and guarantee a competitive edge in the developing digital economy, South Korea's Democratic Party is intensifying efforts to fast-track the adoption of a Korean won-backed stablecoin (KRW stablecoin). The Democratic Party cautions against the dangers involved in depending on foreign digital currencies for local transactions, as international stablecoins like USDT and USDC are becoming more and more popular in home markets. Chairing the Democratic Party's Digital Asset Committee, Min Byoung-dug has been actively stressing the strategic relevance of stablecoins. He contends that these digital assets might be quite important in transforming payments and protecting South Korea's financial sovereignty. Min said, stressing their ability to change financial services, 'Stablecoins are no less important than artificial intelligence or semiconductors.' This drive is obviously urgent since South Korea's economy is closely linked with the world financial system, and unbridled capital outflows via stablecoin channels could compromise economic stability. Mostly via foreign stablecoins, nearly ₩26.9 trillion exited the nation in the first quarter of 2025 alone. Such a situation begs major questions concerning monetary management and capital flight. Economic Sovereignty And Global Competitiveness Advocates of a KRW stablecoin contend that, whilst maintaining financial flows inside the nation, a national digital currency might offer a safe and quick way of completing transactions. This will not only boost the nearby economy but also help to lessen reliance on stablecoins with dollar values that rule crypto markets. The CEO of Crypton, a blockchain company, Kim Jong-seung, reflected on these worries. He cautioned that depending too much on stablecoins produced abroad may compromise South Korea's monetary sovereignty and expose the country to outside economic pressure. Kim suggested that a KRW stablecoin supported by government bonds from South Korea may provide a dependable substitute, therefore guaranteeing stability and confidence among consumers. Such a step would also help South Korea to match other nations investigating stablecoins and central bank digital currencies (CBDCs) as a means of upgrading financial systems. A native stablecoin might enable South Korea to land a leading role in Asia's growing crypto scene as rivalry in the digital currency market gets fiercer. Public Interest and Obstacles to Regulation The Democratic Party's plan appeals to a public surge in interest in digital assets. According to surveys, more than thirty per cent of South Koreans have made investments in cryptocurrencies; trading activity on local exchanges matches that of conventional stock markets. This wave of interest offers rich ground for the launch of a KRW stablecoin, which would probably be highly sought by tech-savvy consumers and companies looking for simplified payment options. Still, technical and legal obstacles abound. Already, the Bank of Korea is running a 100,000 citizen pilot program to evaluate the feasibility of a central bank digital currency in retail and wholesale uses. Although this CBDC is not a stablecoin specifically, it shows the central bank's openness to digital currency innovation, a promising indication for the Democratic Party's quest.
Business Mayor
26-05-2025
- General
- Business Mayor
Archaeologists discover three more tombs in Luxor ahead of Grand Egyptian Museum opening
Sign up for our free Health Check email to receive exclusive analysis on the week in health Get our free Health Check email Egypt unveiled three new tombs of prominent statesman in the Dra Abu al-Naga necropolis in Luxor, officials said on Monday. Archaeologists have discovered tombs dating back to the New Kingdom period (1550–1070 B.C.) and identified the names and titles of their owners through inscriptions found within, according to a statement by the tourism and antiquities ministry. Mohamed Ismail Khaled, secretary-general of the Supreme Council of Antiquities, said in the statement that further study of other tombs' inscriptions is needed to gain a deeper understanding of the tombs' owners. The ministry released pictures of items discovered in the tombs, including artifacts and statues. The discovery comes in the lead-up to the highly anticipated full opening of the Grand Egyptian Museum, which is expected this summer, though a final official date is yet to be confirmed. The museum will showcase more than 100,000 artifacts from Egypt's rich ancient heritage. Hieroglyphs are revealed in the three new graves of senior statesmen found in the Dra' Abu al-Naga necropolis area in Luxor, Egypt. (Egypt Ministry of Tourism and Antiquities via AP) One of the tombs discovered in Luxor on Monday belonged to Amum-em-Ipet, from the Ramesside period, who worked in the estate of Amun. His tomb was mostly destroyed and what remained were depictions of the funeral furniture carriers and a banquet. Amun-Im-Ipet's tomb begins with a small courtyard leading to an entrance and then a square hall ending with a niche, whose western wall was destroyed. The other tombs date back to the 18th Dynasty and include one belonging to a man named Baki, who served as a supervisor of the grain silo. Another tomb contains the burial of an individual named 'S,' who held multiple roles — he was a supervisor at the Temple of Amun in the oasis, a writer and the mayor of the northern oases. Read More Why does my body 'jerk' when falling asleep? - indy100 Baki's tomb has a courtyard leading to the main entrance of the tomb as well as a long corridor-like courtyard. It also has a transverse hall leading to another longitudinal hall that leads up to an unfinished chamber that contains a burial well. Meanwhile, the other tomb that belongs to 'S' has a small courtyard with a well, the tomb's main entrance, and a transverse hall that leads to an incomplete longitudinal hall. Minister of Tourism and Antiquities Sherif Fathi described the discovery as a significant scientific and archaeological achievement, noting that it is one of the areas poised to greatly boost cultural tourism and attract more visitors with an interest in Egypt's rich heritage. Artifacts are displayed that were found in the three new graves of senior statesmen found in the Dra' Abu al-Naga necropolis area in Luxor, Egypt. (Egypt Ministry of Tourism and Antiquities via AP) In January, Egypt made several discoveries near the famed city of Luxor, including ancient rock-cut tombs and burial shafts dating back 3,600 years. They were unearthed at the causeway of Queen Hatshepsut's funerary temple at Deir al-Bahri on the Nile's West Bank. Late last year, Egyptian and American archaeologists excavated an ancient tomb with 11 sealed burials near Luxor. The tomb, which dates to the Middle Kingdom, was found in the South Asasif necropolis, next to the Temple of Hatshepsut.
