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Digital Asset Manager Arca Raises $10M


Asset management firm Arca has announced Wednesday the closure of a $10 million Series A round of funding led by RRE Ventures. Read more: Arca Labs Launches Ethereum-Based SEC-Registered Fund

ECB President Attacks Bitcoin Again As Digital Euro In Works


Christine Lagarde. After claiming that bitcoin (BTC) is highly volatile, illiquid and speculative, Christine Lagarde, President of the European Central bank, now called for global regulation of this most popular cryptocurrency. “(Bitcoin) is a highly speculative asset, which has conducted some...

Mexico May Be Forced to Issue Digital Peso, Claims Economist


The Central Bank of Mexico (known locally as Bexico) could be driven to issue a central bank digital currency (CBDC) – whether it likes it or not, said a financial expert. The comments came from Mexico-based Sergio Kurczyn, a senior economist at Citigroup subsidiary CitiBanamex. Speaking...

State-Backed Agricultural Bank of China Launches the First Digital Yuan ATMs


The Agricultural Bank of China (ABC), one of China’s “big four” banks, is embarking on a pilot program to enable the first digital yuan ATMs. The banking institution deployed the first machines in selected branches in Shenzhen. ATMs Will Work With a Smartphone App According to...

China Launches Digital Yuan ‘Hard Wallet’ Card Pilot Program


The People’s Bank of China (PBoC) have green lighted a physical card-wallet pilot to test its digital yuan. Coffee shop staff in a Shanghai-based university hospital was chosen as participants in the pilot. Wallet Card Can Pay or Accept e-CNY Without Wi-Fi or a Mobile Connection According...

Insured Finance and GAINS to Power Digital Insurance Space


Insured Finance, an upcoming insurance marketplace based on blockchain-based technology, has now announced a partnership with GAINS Associates. This will help the GAINS users get insightful information about Insured Finance. GAINS has carved a distinct place for itself in informing users about...

Bitcoin Auction, Norwegian Digital Bank, Bakkt Merger + More News


Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Bitcoin news The Finnish treasury is in for a whopping boost as the nation’s customs agency prepares to auction off BTC 1,981 (USD 81m). The vast...

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