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UK Will Need New Laws to Accommodate Future Digital Pound, Lawyers Say

22.5.2023
Should the country decide to issue a digital pound, existing data protection, security and anti-money laundering rules would need amending, said Louise Abbott, partner at U.K.-based Keystone Law

Gemini Says Genesis Parent DCG Missed $630 Million Payment

22.5.2023
Gemini says it is working with Genesis, DCG, and creditors to provide forbearance to DCG in order to avoid a default

The Kingdom of Bhutan’s Business Division Explores Crypto Ventures With Bitdeer Partnership

22.5.2023
A recent report reveals that Druk Holding & Investments (DHI), the business division of Bhutan’s Royal Government, is exploring crypto initiatives to enhance its portfolio expansion. DHI recently teamed up with Singapore-based crypto company Bitdeer to “jointly develop green...

Crypto Miner Marathon Pledges $500K in Matching Funds to Brink for Bitcoin Development

21.5.2023
Marathon CEO Fred Thiel tells CoinDesk in an interview that he wants to make sure development and maintenance of the open-source Bitcoin Core client software are "properly funded."

Clash of Presidential Contenders: Bitcoin Gains Prominence as 2024 US Election Approaches

21.5.2023
With the 2024 U.S. presidential election drawing near, the enthusiasm of bitcoin and cryptocurrency advocates has intensified, as two candidates have emerged in the race who openly express their support for bitcoin and willingly accept the dominant digital asset for campaign contributions....

Luxury Auction House Sotheby’s Sells Portion of 3AC’s NFT Collection for $2.5 Million

21.5.2023
Sotheby’s, the luxury auction house, successfully generated $2.5 million through the sale of non-fungible tokens (NFTs) from the now-defunct crypto hedge fund Three Arrows Capital (3AC). Among the sold pieces was Fidenza #725, a digital collectible crafted by the artist Tyler Hobbs. This...

Game Boy Owners Can Soon Convert Iconic Devices Into Secure Hardware Wallets

20.5.2023
In the near future, Game Boy owners will have the opportunity to convert their devices into a hardware wallet for cryptocurrencies. The project, known as the Game Wallet, was unveiled by Joseph Schiarizzi, a developer hailing from Keyp, a Web3 startup. By employing a physical cartridge, this...

How crypto funds shape the development of the digital asset market

20.5.2023
A look at the role played by crypto funds in providing essential capital and liquidity, propelling the growth and expansion of the crypto market

Bank of Russia Expects Significant Growth in Digital Assets Market

20.5.2023
The Central Bank of Russia predicts an increase in the issuance of digital assets, citing some of their advantages. The monetary authority has published a report presenting the progress made by the growing industry and assessing the prospects for its further development. Russia’s Central Bank...

Study: 40% of Surveyed African Banks See Fintech and Telcos as ‘High Threats’

20.5.2023
About 40% of 153 African banks surveyed by the latest African Banker annual report said they regard “fintechs and telcos as high threats,” while 69% see artificial intelligence as the “most important technology shaping the industry in the near future.” According to...

Chinese Autonomous Region of Guanxi to Adopt Digital Yuan in Push for ASEAN Trade Integration

20.5.2023
The Chinese autonomous region of Guanxi, located in the south of China, will implement a wide adoption plan for the digital yuan, that includes a push for using it as a trade currency with countries part of the ASEAN bloc. This pilot plan looks to be part of the experimentation to step up the usage...

Marathon and Brink Join Forces to Raise $1 Million for Bitcoin Core Developers

20.5.2023
Bitcoin mining company Marathon Digital Holdings and Brink, a nonprofit striving to support open-source Bitcoin development, recently revealed their collaboration to generate up to $1 million in funding for Bitcoin Core developers. Marathon pledged to match all contributions toward this cause...

Bitcoin production growth and capital strategy guiding Marathon Digital: CEO

19.5.2023
In an exclusive interview with Cointelegraph at the Bitcoin Conference, Marathon Digital CEO's Fred Thiel spoke about the mining company's response to the bear market

Beyond the JPEG: Web3 Is Expanding the Artist's Canvas Through Immersive IRL Experiences

19.5.2023
NFTs allow artists to be creative about how they share digital art and engage with their audiences, creating new collaborative, sensory experiences

Today in Crypto: Bank of England to Reject Revolut's Banking Licence Application, ASX Abandons Blockchain, HashKey to Raise Funds at $1BN Valuation, Ledger Co-founder Calls Recover Service Launch a 'Horrible Mess'

19.5.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: Bank of England to Reject Revolut's Banking Licence Application, ASX Abandons Blockchain, HashKey to Raise...

Crypto Firm Hashkey Eyes $1 Billion Valuation, Capitalizing on Hong Kong's Digital Shift

19.5.2023
Hong Kong-based digital asset firm HashKey Group aims to raise funds at a valuation of more than $1 billion. The company is in early-stage talks to raise $100 million to $200 million from potential investors, Bloomberg reported Friday, citing people familiar with the matter. The deal...

Bitpay Ceases Prepaid Mastercard Program, Promises Enhanced Card Service in the Future

19.5.2023
Cryptocurrency proponents in the United States are facing increasing challenges when it comes to utilizing digital assets for expenditures. Several crypto companies have encountered difficulties in securing banking partners. This week, Bitpay, a prominent player in the crypto payments sector, made...