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Bank of Spain to Launch Experimental Wholesale CBDC Digital Token Program
8.12.2022
The Bank of Spain is seeking the collaboration of organizations interested in participating in an experimental test on a wholesale central bank digital currency (CBDC). The institution clarified this new program has no relation with the current investigation on a possible digital euro, and has...
Japan’s Sumitomo Mitsui to issue soulbound tokens to explore Web3
8.12.2022
Japan’s financial giant Sumitomo Mitsui Financial Group is experimenting with soulbond tokens to satisfy new social needs
Toys R Us declares an NFT collection via their Geoffrey the Giraffe NFTs
8.12.2022
Toys R Us, which happens to be a very popular toy retailer based out of the US, is extremely pleased and takes an immense amount of pleasure in making their formal announcement of having delivered their Geoffrey the Giraffe NFTs. They are distinctly aware that this timing has been very accurately...
CEO of Binance Warns Users About New Hack Targeting Cryptocurrency Industry
8.12.2022
CEO of the major crypto exchange Binance Changpeng 'CZ' Zhao took to Twitter to warn about the latest hack type targeting the cryptoverse - one executed by "the threat actor [with] broad knowledge of the cryptocurrency industry."
"Don't download files!", said CZ on Tuesday. ...
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TRON (TRX) price plunge may be on the horizon
8.12.2022
TRON is an open-source, decentralized protocol with a proof-of-stake consensus algorithm. TRX is a leading altcoin offering the TRON network convenience and flexibility. At the time of writing this post, TRX/USD is trading around $0.053. Candlesticks are forming in the baseline of the Bollinger...
The all-in-one approach at the foundation of next gen crypto investment platforms
8.12.2022
ClearCryptos, an all-in-one crypto platform, combines all the best of DeFi and CeFi with the education necessary to use it right
Tether Adds Offshore Chinese Yuan to Its Stablecoin Offering – China Crypto Surge Coming?
8.12.2022
Tether, the company behind the largest stablecoin USDT, has expanded its offerings to include offshore Chinese Yuan (CNH₮) stablecoin on the Tron blockchain. The move will enable Chinese customers to send and receive payments in the stablecoin with fewer fees compared to the Ethereum blockchain. ...
More than 90% of consumers are curious about the Metaverse: Capgemini
8.12.2022
The volatility of the crypto market hasn’t stopped the metaverse from gaining potential as a utility for businesses and consumers alike
Nigeria Announces New Cash Withdrawal Restrictions — ATMs Limited to Less Than $44 per Day
8.12.2022
In a new directive to financial institutions, the Central Bank of Nigeria (CBN) said individuals can now only withdraw an equivalent of just under $222 per week while corporates can only withdraw cash not exceeding $1,111 during the same period. The new limits, which are in line with...
South Korean Gaming Giant WeMade Loses Legal Struggle Against WEMIX Delisting
8.12.2022
The South Korean gaming firm WeMade has lost its legal battle against the nation’s biggest crypto exchanges – who have decided to delist its wemix coin (WEMIX).
WEMIX was issued with an “investment warning” in October by the Digital Asset Exchange Association (DAXA). The DAXA is a group that...
NFTs minted on FTX break, highlighting Web2 hosting flaws
8.12.2022
NFTs hosted on FTX platform were affected by the firm’s collapse, showing blank images instead of the original art
Hong Kong to subject crypto exchanges to the same laws governing TradFi
8.12.2022
The new legislation will bring a licensing regime for the virtual asset service providers requiring them to pass strict AML and money laundering guidelines
DeFi, such as Oryen Network, Maker, and Convex Finance, allow you to stay in control of your assets
8.12.2022
Decentralization of finance is changing the world order by bringing financial matters into the hands of individuals. As a result, there has been a significant rise in DeFi protocols promoting this major devolution by encouraging the world to decentralize their finance. Centralization in crypto...
Stablecoin framework is a near-term priority for Aussie regulators
8.12.2022
As stablecoins become widely used as a means of payment, Australia is preparing to regulate them accordingly
GBTC 'elevator to hell' sees Bitcoin spot price approach 100% premium
8.12.2022
Bad times for the Grayscale Bitcoin Trust (GBTC) get even worse this week as its discount to BTC/USD approaches 50% for the first time
ETH Price to Fall to $922 by December 10, Coincodex Predicts
8.12.2022
The U.S. dollar price of ether, which presently hovers around $1,200, is expected to fall to $922.66 by Dec. 10, a Coincodex prediction chart has shown. Ethereum is nonetheless projected to close the following day trading above $1,000. According to the Coincodex analysis, there are presently...
Founder of FTX Sam Bankman-Fried faces Federal inquiry
8.12.2022
The life and times for the founder of FTX, Sam Bankman-Fried, are only getting more complicated and confusing as presently he is seemingly facing a Federal-enquiry, which the Federal authorities have duly initiated. Their main aim and intention are to successfully unravel the murky details behind...
Crypto Miners in Kazakhstan to Buy Only Surplus Power, Under Digital Assets Bill
8.12.2022
Companies extracting cryptocurrencies in Kazakhstan will be allowed to purchase only excess electricity on a government-controlled market. The decision comes with new legislation approved by lawmakers which regulates the activities of the industry and the taxation of its profits. Law to Regulate...
FTX's Bankman-Fried to face market manipulation probe, Do Kwon chimes in
8.12.2022
As part of a broader inquiry into FTX's collapse, federal prosecutors are looking at the role that FTX and Alameda may have played in the fall of Terra LUNA
Spain’s central bank to experiment with wholesale CBDCs
8.12.2022
The Bank of Spain said the study can help determine to what extent it can adapt to the "needs and demands of an increasingly digital society.”