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Voyager Digital Cuts Daily Withdrawal Limit to $10K Amid 3AC Exposure
23.6.2022
Crypto broker Voyager Digital has reduced daily withdrawal limit to $10,000 from $25,000 after revealing its exposure to Three Arrows Capital
Crisis in crypto lending shines light on industry vulnerabilities
23.6.2022
Leading crypto lending firms and hedge funds have run into trouble due to the market turmoil but more so because of their unchecked reckless decision-making process
Gucci Invests $25K in DAO of NFT Marketplace SuperRare to Start Digital Art Vault
23.6.2022
The high-end luxury fashion house has purchased the tokens to launch a digital “Vault Art Space.”
NHL Partners With Sweet to Offer Digital Collectibles, NFTs
23.6.2022
NHL is the latest in a string of sports associations embracing NFTs
Wire Network's new protocol aims to end Web3 interoperability woes
23.6.2022
The protocol promises to eliminate complexities seen with existing interoperability solutions and requires no bridges or oracles to integrate
Russia to Trial Digital Ruble Settlements for Real Estate Deals
23.6.2022
The Central Bank of Russia and participating commercial banks want to test various types of payments with the digital ruble, the Russian press reported. The plan is to experiment with smart contracts and transactions related to real estate and crypto asset purchases. Bank of Russia to Launch Smart...
Voyager's 60% share price plunge leads sea of red for crypto stocks
23.6.2022
VYGVF dropped as much as 60% during regular trading hours on June 22 before closing at $0.5998 to mark a drop of 50.84% for the day
BIS Says Crypto Weaknesses Have Materialized Following Market Sell-Off
23.6.2022
The Bank of International Settlements (BIS), the global body for central banks, claims the weaknesses in crypto that were pointed out before “have pretty much materialized.” BIS General Manager Agustin Carstens opined: “You just cannot defy gravity … At some point,...
Tether Launches Stablecoin Pegged to the British Pound Sterling
22.6.2022
Tether, the company behind the largest stablecoin by market capitalization, has announced another fiat-pegged stablecoin called GBPT on Wednesday, tied to the value of the British pound sterling. The news follows Tether’s most recent launch of a Mexican peso-pegged crypto asset called MXNT....
US lawmaker lays out case for a digital dollar
22.6.2022
"It is now time for Congress to begin the process of considering and ultimately passing authorizing legislation for the issuance of a U.S. CBDC," said Representative Jim Himes
US Fed Evaluating SEC’s Position on Digital Assets Custody, Powell Says
22.6.2022
The SEC’s directive that customers’ digital assets may need to be treated as being on an exchange’s balance sheet has banking regulators scratching their heads about how it’ll work
Bit Digital Production Slump Continued Into Q1, Strikes Deals With Coinmint, Riot to Increase Hashrate
22.6.2022
The bitcoin miner has struggled to recover its hashrate after moving its operations from China
Digital Dollar Would Secure Greenback as Global Reserve Currency, Lawmaker Argues
22.6.2022
U.S Rep. Jim Himes (D-Conn.) published a report supporting the introduction of a central bank digital currency on Wednesday
Voyager Digital Secures Credit Line from Alameda, May Send Three Arrows a Notice of Default
22.6.2022
Voyager Digital Holdings, an owner of a crypto platform, announced today that they entered into a multi-million credit line agreement with Alameda Ventures, but also that they may issue a notice of default to major crypto hedge fund Three Arrows Capital (3AC) for failure to repay...
Voyager Digital Requests Loan Repayment From 3AC, Considers Issuing Default Notice
22.6.2022
The crypto broker asked for a first repayment by June 24
Qatar Central Bank in ‘foundation stage‘ of launching digital currency
22.6.2022
The bank is exploring technological solutions and platforms for its own digital currency
Ukraine Raises Over $100,000 From Cryptopunk NFT Sale
22.6.2022
The government of Ukraine has sold a Cryptopunk NFT donated in support of the war-torn country a few months ago. The token has been purchased by an unidentified buyer who spent more than $100,000 in ethereum for the collectible, the country’s digital transformation ministry said. Ukraine...
Citibank Chooses Swiss Firm Metaco for Digital Asset Custody
22.6.2022
Citi has selected Swiss cryptocurrency custody firm Metaco to develop the bank’s digital assets safekeeping capabilities
Chinese Digital Yuan Spending on the Rise Despite COVID-19-induced Slump
22.6.2022
Digital yuan usage has grown x18 in the past 12 months in China – as the central bank-issued token continues to find new users.
According to the central People’s Bank of China, transaction volumes reached the USD 13 billion mark at the end of last year, with a total of 261 million personal...
BIS compares projects to transfer central bank digital currencies across borders
22.6.2022
The international bank found high technical feasibility among the projects, but significant work on legal and governance frameworks still remains to be done