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Digital Bank Revolut to Offer Crypto Staking: Report
6.2.2023
Revolut will support staking of the tokens of Polkadot (DOT), Tezos (XTZ), Cardano (ADA) and Ethereum (ETH). with yields ranging from 2.99% up to 11.65%
It’s time to own your digital identity
6.2.2023
As we emerge into the world of Web3 and the metaverse, we are starting to see methods of data retention where the web user has full visibility and control of this — specifically through digital identities
Interpol Is Figuring Out How the Metaverse Will Be Policed
6.2.2023
The International Criminal Police Organization, Interpol, is working on how to police the metaverse, a digital world that is projected as an alternative to the real world. Interpol secretary general Jurgen Stock believes the organization must be ready for this task in order to not be left behind...
China doles out millions in digital yuan in bid to boost adoption: Report
6.2.2023
Multiple Chinese city governments have given away millions worth of e-CNY to try to promote consumption around the holiday season
Russia’s Largest Private Bank Launches Digital Asset Platform
5.2.2023
Alfa-Bank, one of the major Russian banking institutions, has established its own platform for digital financial assets. The launch became possible after Russia’s monetary authority added Alfa-Bank to its register of digital asset issuers this week. Privately-Owned Alfa-Bank Sets Up Digital Asset...
NFT Market Remains Resilient With 1.23% Increase in Sales, Ethereum Dominates With 81% of Total NFT Settlements
5.2.2023
Non-fungible token (NFT) sales rose slightly last week, increasing 1.23% to $232.49 million in recorded sales. The top two NFT collections, Otherdeed and Doodles, saw growth of 44% to 58% compared to the previous week. Ethereum continues to dominate the NFT industry, accounting for more than 81%...
Filecoin Creator Protocol Labs Announces Layoffs Amid Crypto Winter and Economic Downturn
5.2.2023
Protocol Labs CEO Juan Benet published a blog post on Friday announcing that 21% of the company’s staff will be laid off. Protocol Labs is the creator of the blockchain network Filecoin. Benet emphasized in the blog post that it has been an “extremely challenging economic downturn...
Binance to Support Georgia’s Crypto Industry Through Blockchain Education
5.2.2023
Digital asset exchange Binance has agreed to help Georgia to develop its cryptocurrency sector by launching educational and other blockchain initiatives. The leading coin trading platform has been expanding its presence in the region with similar projects in other countries. Binance and Georgian...
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
Kazakhstan Launches Consultation on Proposals to Improve Crypto Trading
4.2.2023
Financial authorities in Kazakhstan are starting a public consultation on draft changes to the country’s framework for digital-asset trading. The proposals include measures to reduce risks in the crypto market and improvements to the structure of exchange platforms. Kazakhstan’s Financial Hub Seeks...
Uzbekistan Collects Over $300,000 From Crypto Sector
4.2.2023
While operations with digital assets are not taxed in Uzbekistan, the government is receiving a growing amount of revenues from the industry. The increase in budget receipts has been attributed to the licensing regime and the introduction of fees for crypto companies. Crypto Exchange in Uzbekistan...
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
Zodia Custody Teams Up With SBI Digital Asset Holdings to Form Crypto Custodian in Japan
3.2.2023
Zodia Custody and SBI are aiming to appeal to institutions interested in crypto investment and adoption
Chinese City of Suzhou Aims to Transact $297bn Worth of Digital Yuan in 2023
3.2.2023
The city of Suzhou, in China, hopes its residents and local firms will transact a cumulative total of around $297 billion worth of the central bank’s digital yuan token this year.
Per Shanghai Securities News, the city – one of the most populous and wealthiest in China – has unveiled a new plan...
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...
Ebay Expands Into NFT and Web3 Space With New Job Openings
3.2.2023
The online marketplace giant, Ebay, is seeking to fill several positions in the area of Web3 and non-fungible token (NFT) technology, according to several Linkedin job postings. Ebay is looking for a “creative crypto attorney” for the marketplace, Knownorigin, which it acquired in June...
Marathon’s first Bitcoin sale in 2 years not the result of distress
3.2.2023
The sale is the first time Marathon Digital has sold its mined Bitcoin since October 2020, but a spokesperson said it wasn't as a result of distress