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Jeju Island, South Korea, Eyes NFT-powered Growth
6.3.2024
Jeju Island, a subtropical province off the South Korean mainland’s south coast, says it wants to use non-fungible tokens (NFTs) to transform its economy.
The post Jeju Island, South Korea, Eyes NFT-powered Growth appeared first on Cryptonews
Russian Central Bank Chief Outlines Next Steps for Digital Ruble
5.3.2024
Russian Central Bank Governor Elvira Nabiullina says the country will use “several stages” to roll out its digital ruble.
The post Russian Central Bank Chief Outlines Next Steps for Digital Ruble appeared first on Cryptonews
State Duma Approves Use of Russia’s Digital Assets in International Settlements
29.2.2024
State Duma lawmakers have signed off on a bill that will let Russian firms and their partners use the digital ruble and “digital assets” in international settlements.
The post State Duma Approves Use of Russia’s Digital Assets in International Settlements appeared first on Cryptonews
Is Dogecoin the future of cross-border payments? Examining its suitability for global use
26.2.2024
Cross-border payments entail financial transactions occurring between parties located in different countries. These transactions commonly encounter obstacles such as high fees, lengthy processing durations, and potential security vulnerabilities stemming from numerous intermediaries and diverse...
Russian Parliament Set to Approve Use of ‘Digital Assets’ in International Payments
26.2.2024
Russian parliament members could this week approve legislation that will allow firms in the nation to use “digital financial assets” in the international payments space.
The post Russian Parliament Set to Approve Use of ‘Digital Assets’ in International Payments appeared first on Cryptonews
ECB’s Disparaging Comments on Bitcoin Draw the Ire of Crypto Community
23.2.2024
On February 22, the European Central Bank (ECB) described Bitcoin as a 'dead cat' and criticized its use in criminal activities on the darknet. These remarks have ignited a backlash from the crypto community, questioning the ECB's stance and credibility.
The post ECB’s Disparaging Comments...
South Africa to Start Work on Stablecoin Regime, Will Start by Considering Use Cases
22.2.2024
The Intergovernmental Fintech Working Group is also considering the impact of tokenization on domestic markets
Chainlink and Telefónica use GSMA Open Gateway to secure Web3
16.2.2024
Telefónica announced that it has partnered with Chainlink. The objective of the partnership is to drive strength in Web3 security. They will leverage the potential of the GSMA Open Gateway. This marks the first-ever use case for the GSMA Open Gateway SIM Swap API. Also, Telefónica Brazil became...
US Treasury to Discuss Crypto Finance Concerns at Congressional Hearing
14.2.2024
The United States Treasury is gearing up to address Congress on the emerging challenges posed by cryptocurrencies to existing financial regulatory frameworks. In his prepared testimony for the House Financial Services Committee, Brian Nelson, Treasury’s Under Secretary for Terrorism...
D8X Launches on Polygon zkEVM, Targets Institutional Grade Investors
14.2.2024
D8X, a cryptocurrency decentralized exchange (DEX) for derivatives has launched on Polygon’s zkEVM in a bid to provide an institutional-grade platform for investors in decentralized finance (DeFi). In a recent press release, the company announced its launch on Polygon’s zkEVM, rolling out plans...
Profit Rex Review – Scam or Legitimate Trading Platform
12.2.2024
Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content Profit Rex promises to deliver users with smart trading capabilities with two unique trading styles that yield the same high-level of results. The platform itself is reportedly simple to...
Treasury’s Yellen: More Power Needed to Counter Crypto Use by Terrorist Groups
9.2.2024
U.S. Treasury Secretary Janet Yellen has expressed the need for increased authority within the Treasury Department to address the alleged utilization of crypto by terrorist groups. Senator Sherrod Brown, known for his role in shaping crypto legislation, questioned Yellen about the necessary updates...
Illicit Virtual Asset Use On The Rise, U.S. Treasury Report Reveals
7.2.2024
The U.S. Treasury Department is seeing an increase in illicit crypto use according to a Thursday report. The department’s 2024 National Risk Assessments on Money Laundering, Terrorist Financing, and Proliferation Financing report highlights that virtual assets are increasingly used by illicit...
U.S. Treasury Department Highlights Increasing Use of Crypto by Criminals in 2024
7.2.2024
The U.S. Department of the Treasury has released its 2024 National Risk Assessments on Money Laundering, Terrorist Financing, and Proliferation Financing, outlining the most significant threats facing the United States in illicit finance. The reports detail updates to the anti-money laundering...
Belarus Sanctions ‘Antidote?’ Minsk Confirms ‘Blockchain-powered CBDC’ Launch
7.2.2024
Minsk is looking for ways to end Belarus’ sanctions woes, with its central bank confirming the planned launch of a blockchain-powered CBDC. Per Sputnik Belarus, the National Bank of Belarus (NBB) is keen to make use of smart contract technology. A spokesperson told reporters on February 3: “We plan...
Hong Kong Securities Regulator Issues Warning to Unlicensed Virtual Asset Trading Platforms
6.2.2024
The region’s securities regulator has said that Hong Kong crypto investors must only use or trade on approved virtual asset trading platforms. The regulator urged crypto investors using platforms not featured on its two lists to close accounts or transfer funds to licensed entities. Verifying...
Vitalik Buterin and Ethereum Foundation Explore Strategies to Optimize Blockchain for Rollup-Centric Roadmap
6.2.2024
Ethereum (ETH) co-founder Vitalik Buterin and the Ethereum Foundation are actively considering multiple strategies to reduce Ethereum’s maximum block size. Their goal is to optimize the blockchain for the “rollup-centric roadmap,” which emphasizes the use of rollups for scaling...
Artists Ordered to Pay $9 Million in BAYC Copyright Dispute
6.2.2024
Artists Ryder Ripps and Jeremy Cahen are mandated by a federal court to pay $9 million in damages to Yuga Labs, following a high-profile legal dispute over unauthorized use of the Bored Ape Yacht Club’s copyrighted non-fungible tokens (NFTs). Yuga Labs Wins Big as Artists Ordered to Pay up...
EIA Begins Probe on Crypto Mining’s Energy Use Following White House Directive
5.2.2024
The energy demands of crypto mining in the United States have rapidly increased over the past four years, according to a February 1 press release from the Environmental Impact Agency (EIA). The EIA has been working under strict directives from the White House to gauge the energy consumption of...
Online Crypto Course Founder Faces SEC Charges in $1.2 Million Fraud Case
5.2.2024
The founder of the American Bitcoin Academy was charged with crypto fraud by the Securities and Exchange Commission on February 2. In a press release published by the SEC, the agency noted that Brian Sewell, founder of American Bitcoin Academy, convinced his students to invest in a crypto hedge...