Search
Digital Gold Traded for Digital Rubles by Russia’s Rosbank
9.2.2023
Rosbank has brokered Russia’s first deal involving the exchange of tokenized gold with the digital version of the Russian national fiat currency, the ruble. The successful transaction demonstrates the growing interest in digital financial assets and the need for digital ruble payments, the banking...
What creditors can expect from Genesis’ bankruptcy — and what others can learn
8.2.2023
Gemini Earn participants are among the many groups likely to be disappointed with the outcome of Genesis’ Chapter 11 bankruptcy filing
India in ‘no hurry’ for CBDC as digital rupee pilot onboards 50k users
8.2.2023
The central bank of India wants to proceed with CBDC testing in the smoothest way possible, deputy governor Rabi Sankar said
Digital Currency Group Announces Major Shake-Up: Genesis Trading and Lending Arms to be Sold
7.2.2023
The troubled crypto firm Genesis has reached an agreement with key creditors that would involve a sale of the crypto lending and trading arm of the company....
Read More: Digital Currency Group Announces Major Shake-Up: Genesis Trading and Lending Arms to be Sold
Genesis entity going up for sale as DCG makes creditor pact
7.2.2023
Digital Currency Group (DCG) plans to hand Genesis its stake in the Genesis Global Trading business entity which will then be sold, pending court approval
UK is 'likely' to need digital currency, says BoE and Treasury: Report
4.2.2023
The digital pound roadmap is reportedly set to be introduced next week, along with a joint public consultation
Genesis unsecured creditors' committee appointed
4.2.2023
The seven-member committee will represent the creditors in court, having the right to participate in the reorganization plan
Tax strategies allow crypto investors to offset losses
4.2.2023
Reporting cryptocurrency when filing taxes can help investors offset their losses
Overstock-funded tZERO Crypto exchange will shut down March 6
3.2.2023
Once a highly touted exchange, tZERO facilitates securities offerings, some of which are blockchain tokens
Kazakhstan’s digital currency in pilot stage, per Binance, National Bank joint report
3.2.2023
The Central Asian country’s CBDC project is right on time, according to a 2020 roadmap, as consumers and merchants use the currency in a controlled environment
Banks in Russia to Lose $700 Million a Year Due to Digital Ruble, Experts Say
3.2.2023
Russian banks may be the main losers from the introduction of a digital ruble while retailers will save on acquiring fees, analysts have predicted. The benefits for consumers using the new digital currency are not that obvious as they may not be paid any interest or cashback. Launch of Russia’s...
Cronos Labs to accept second cohort for $100M-backed Web3 accelerator program
31.1.2023
The program aims to provide selected projects with upfront seed funding of $30,000 in addition to mentoring, masterclasses and support from industry experts
Montenegro's central bank teams up with Ripple on digital currency pilot project
30.1.2023
Montenegro’s prime minister announced a central bank “digital currency or stablecoin” project with Ripple; the Balkan country currently uses the euro instead of a national currency
Saudi Central Bank Says Ongoing CBDC Experiment Focused on Domestic Wholesale Use Cases
27.1.2023
Saudi Arabia’s central bank digital currency (CBDC) experiment, which is being carried out in conjunction with local banks and fintechs, is presently focused on domestic wholesale uses cases, the central bank has said. Meanwhile, the Saudi Minister of Finance has said CBDCs can be...
Opinion: Barry Silbert keeps quiet as Genesis goes down in flames
26.1.2023
Opinion: Genesis CEO Barry Silbert should have come clean after FTX imploded. Instead, he’s still deflecting responsibility for his company’s bankruptcy
DCG-Owned Crypto Exchange Luno Just Laid-Off 35% of Its Workforce – Here’s Why
26.1.2023
Cryptocurrency exchange Luno, which is owned by crypto conglomerate Digital Currency Group, has slashed 35% of its global workforce.
The company, which has offices in Africa, Southeast Asia, and Europe, reportedly informed employees during a live-streamed town hall on Wednesday.
“2022 has been...
DCG companies laid off over 500 employees as contagion spreads
25.1.2023
Cryptocurrency exchange Luno fired 330 employees on Jan. 25, joining other DCG companies in cutting headcount
Elon Musk Praises Reports on Latam Common Digital Currency: ‘Probably a Good Idea’
25.1.2023
Elon Musk, CEO of Twitter, SpaceX, and Tesla, has given his opinion about the latest reports on the creation of a common currency in Latam, to be initially worked on by Argentina and Brazil. Musk stated that this move would be “probably a good idea,” commenting on the topic on social...
UK gov't is hiring a central bank digital currency lead for Treasury team
24.1.2023
The team lead will determine the “strategic direction” for Treasury’s efforts to develop a digital pound in line with the U.K. government’s agenda
Today in Crypto: Genesis Creditors Sue DCG and Barry Silbert, Binance Kept Some Collateral in Same Wallet as Customer Funds, Binance Processed $346M for Bitzlato
24.1.2023
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: Genesis Creditors Sue DCG and Barry Silbert, Binance Kept Some Collateral in Same Wallet as Customer...