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Reserve Bank of India Furthers CBDC Efforts: Report


The Reserve Bank of India (RBI) is now exploring tech solution for privacy concerns of central bank digital currency (CBDC). According to an insider who is familiar with the government’s CBDC moves, India is making progress in CBDCs with caution. The unnamed source told CoinDesk that the central...

Here’s How Useful AI Can Be for Web3 Applications


Blockchain and artificial intelligence (AI) together have the potential to boost each other, making the two fiels more exciting and diverse. A new report from TenSquared Capital highlights the ways AI can enhance speed and efficiency in the Web3 arena. Essentially, AI joining forces with Web3...

South Korea ‘Blighted by Crypto-powered Drug Pollution’ – Report


South Korea’s crypto-powered drug trading epidemic is seeing the country become “polluted” with dead-dropped narcotics, a new report has claimed. Per Ilyo Shinmun, a 59-year-old man who was arrested for drug offenses told police that he had not bought the narcotics he was caught taking. Instead...

German DZ Bank Plans to Roll Out Bitcoin Trading Pilot This Year: Report


DZ Bank, the second largest bank in Germany, is reportedly planning to begin a retail crypto trading trial this year. Per a Bloomberg report, the Frankfurt-based bank aims to make the service available to its over 700 community banks. “Over the course of the year we will enter the pilot phase...

U.S. Regulatory Approach Pushing Crypto Overseas, New 21Shares Report Says


The push by U.S. lawmakers for stringent regulations in the crypto industry is driving business overseas, a 2024 market outlook report released on January 28 from ETP provider 21Shares revealed. The U.S. Desperately Needs Regulatory Clarity 21Shares’ State of Crypto report claims regularity...

Crypto Bank Savior New York Community Bancorp Sees 40% Drop in Shares


New York Community Bancorp (NYCB), the savior of failed Signature Bank, has witnessed a sharp decline of 40% in its shares. The bank’s shares took a hit on Wednesdau after the decision to cut dividend to strengthen its capital and the announcement of an unexpected loss, according to a report...

What Crypto Can Learn From the Internet’s Playbook


The connection between crypto and the internet is rooted deep in the digital DNA that defines our modern era. A recent Architect Partners report delves into how the internet’s journey can offer valuable lessons for the development of crypto. It explores the maturation of emerging tech...

Ark Invest Breaks Down What it Would Take for Bitcoin to Hit $2.3M


Investment firm Ark Invest published its latest Big Ideas report on Wednesday, outlining a pathway for Bitcoin to hit $2.3m. Ark’s Brett Winton wrote that for the best returns over 5 years, keeping 0.5% of one’s investments in Bitcoin would have been ideal. On average, allocating about 4.8%...

EU Moves to Ban Bitcoin to Meet Energy Goals – Report


Source: Pixabay A recent report has indicated that Proof-of-Work (PoW) consensus networks, like Bitcoin, may be banned in the European Union (EU). Daniel Batten, a managing partner at CH4 Capital, shared on his X (formerly Twitter) handle that the European Central Bank (ECB) and European Securities...

China Gears Up for Updated Crypto AML Laws: Report


China is reportedly planning to enhance surveillance over the burgeoning crypto sector, by amending its anti-money laundering (AML) laws to include crypto transactions. A group of executives, chaired by Prime Minister Li Qiang discussed the ‘revised draft’ of the AML regulations on January 22....

Web3 Lost $38.9 Million to Bad Actors in First Month of 2024: Quantstamp


Bad actors have stolen $38.9 million from various Web3 projects in the first month of 2024. According to a recent report from Quantstamp, a decentralized finance (DeFi) security startup, bad actors used different attack vectors to steal funds, including smart contract hacks, key compromises,...

Binance to Reduce Stake in South Korean Digital Asset Exchange GOPAX


Cryptocurrency exchange Binance is looking to reduce its majority stake in GOPAX, a digital asset exchange based in South Korea. According to a new report from local media sources, Binance is considering selling some of its shares. The exchange will reveal its decision within a month or two citing...

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