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Australian Bank Halts Development of ETH-Based Stablecoin

20.6.2024
The National Australia Bank recently abandoned its stablecoin initiative, and the development team behind the project is now involved with the Ubiquity stablecoin. The Australian bank’s decision to shelve the stablecoin project shows that startups are better positioned to innovate or adapt than...

Unlicensed Crypto Business Leads to Indictments in Utah

20.6.2024
Two Utah residents have been indicted for operating an unlicensed money-transmitting business, converting over $2.5 million into cryptocurrency, according to the U.S. Department of Justice (DOJ). The two were arrested over the weekend in Washington County. Utah Men Arrested for Illegal...

Stablecoins to make up 10% of money in the next decade or so: Circle CEO

20.6.2024
Circle CEO Jeremy Allaire revealed four of the biggest reasons he’s “more optimistic” about crypto and stablecoins than ever before

IMF: CBDCs Can Boost Financial Inclusion and Payment Efficiency in Middle East

20.6.2024
The International Monetary Fund (IMF) says 19 countries in the Middle East and Central Asia, including Bahrain, Georgia, Saudi Arabia, and the UAE, are in the advanced “proof-of concept” stage for central bank digital currencies (CBDCs). “We support policymakers evaluating...

Central Banks Plan Increased Gold Reserves Amid Global Uncertainty: 2024 World Gold Council Survey

20.6.2024
The World Gold Council’s 2024 survey reveals that central banks plan to increase gold reserves amid geopolitical and financial uncertainties. Over 80% of respondents expect global bullion holdings to rise, and 29% of central banks plan to boost their own reserves. Motivations include...

Bank of America: Younger Wealthy Investors Prefer Crypto Over Traditional Investments

20.6.2024
Bank of America report shows younger affluent individuals favor crypto and alternative investments, differing from older generations’ traditional focus. “In fact, the most ‘conservative’ group is holding the highest average exposure to crypto,” the bank said....

Bitcoin exchange reserve metric hits 3-year low

19.6.2024
Low exchange balances indicate low selling pressure and could trigger a supply shock as institutional investors continue to accumulate Bitcoin

Ethereum (ETH) price fails to rally in the face of good news — Here is why

19.6.2024
Ether’s failure to respond to good news could be rooted in investors’ perception that macroeconomic conditions are worsening

Ex-OpenAI chief scientist Ilya Sutskever launches SSI to focus on AI safety

19.6.2024
The new company will develop AI safety and capabilities in tandem

Binance to appeal $4.4M fine from Canadian regulator

19.6.2024
The cryptocurrency exchange announced plans to exit the Canadian market in 2023 but may still face enforcement action from local regulators

Kraken Calls Security Research Firm’s Demands ‘Criminal’; Certik Slams Threats Against Its Employees

19.6.2024
Kraken has accused an unnamed security research firm of stealing $3 million from its treasury and attempting to extort more money. Nick Percoco said so-called white hat hackers failed to fully disclose the bug transaction details and have not made arrangements to return the stolen funds. White...