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Tencent-backed Everledger collapses amid lack of funding: Report

8.5.2023
Everledger was quietly placed into insolvency after it didn't manage to materialize its planned funding round from an undisclosed investor

Defending against SEC to cost Ripple $200M, CEO Brad Garlinghouse says

8.5.2023
Ripple’s CEO reveals $200 million spent defending the SEC lawsuit, and laments about U.S. crypto regulation and a politics-first policy, advising entrepreneurs to avoid the United States

Digital Assets for 1 Billion Rubles Issued in Russia in a Month

7.5.2023
Platforms authorized by the Russian government issued digital assets worth around a billion rubles in April, the local press reported. The spike in the volume has been attributed to Russian companies experimenting with new financial instruments amid limited access to traditional capital. Russia’s...

Billionaire Bill Ackman on US Banking Crisis: We Are Running Out of Time to Fix This Problem

7.5.2023
Billionaire Bill Ackman has warned that “We are running out of time” to fix the problem that led to the collapses of regional banks. “How many more unnecessary bank failures do we need to watch before the FDIC, U.S. Treasury, and our government wake up?” he stressed, adding that “We need...

Crypto Miners Pay Kazakhstan $7 Million in Taxes Amid Uncertain Future for Sector

6.5.2023
The government of Kazakhstan has collected over $7 million in taxes this and last year from enterprises mining cryptocurrency in the country. The news comes amid growing regulatory pressure that is limiting the industry’s access to low-cost energy while increasing its tax burden. Miners Face Higher...

BNP Paribas teams up with Bank of China to promote digital yuan usage

5.5.2023
The partnership will enable BNP Paribas China's corporate clients to make payments using the digital yuan through an e-CNY management system

New York AG's office seeks additional authority over crypto firms

5.5.2023
Under a bill proposed by New York Attorney General Letitia James, crypto exchanges could be required to reimburse users who were the victims of fraud

Nigerian Government Greenlights Policy to Foster Blockchain-Based Economy – Details

5.5.2023
Nigeria Federal Executive Council approved a national blockchain policy in a meeting on May 3, 2023. This policy will enable the country to develop a proper regulatory framework for blockchain adoption. Nigeria is one of the nations whose citizens have an avid interest in cryptocurrencies. ...

Zimbabwe sets price to sell gold-backed digital tokens

5.5.2023
Zimbabwe's central bank plans to sell gold-backed digital tokens at $10 for individuals and $5,000 for corporates

Nigeria Passes ‘National Blockchain Policy,’ Industry Player Says Central Bank Unlikely to Lift Crypto Ban

5.5.2023
The Nigerian Federal government said on May 3 it had passed what it called the “national blockchain policy.” The Nigerian minister of communications and digital economy, Isa Pantami, said the new policy is a product of consultations with 56 institutions and personalities. Lucky Uwakwe...

Florida Takes a Stand Against CBDCs: Anti-CBDC Bill Receives Overwhelming Support in House and Senate

4.5.2023
In the wake of Florida Governor Ron DeSantis’ remarks in Jacksonville on Tuesday, both the Florida House of Representatives and Senate have approved the state’s anti-central bank digital currency (CBDC) legislation, dubbed SB 7054. The bill explicitly states that should the U.S. central...

Today in Crypto: Nigeria's Government Approves a National Blockchain Policy, CEX Trade Volumes Fall for 1st Time in 3 Months, INX Works with BitGo to Launch a Pilot Wallet Management Solution for Regulated Security Tokens

4.5.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: Nigeria's Government Approves a National Blockchain Policy, CEX Trade Volumes Fall for 1st Time in...

US Banking Industry in Turmoil: A Comprehensive Look at the ‘Great Consolidation’ and Largest Bank Failures of 2023

4.5.2023
2023 has been a rollercoaster ride for the U.S. banking industry. The collapse of three major banks has sent shockwaves through the financial world, with their combined assets surpassing the top 25 banks that crumbled in 2008. The following is a closer look at what has triggered a ‘great...

UK reviews AI development: It can ‘drive substantial economic growth’

4.5.2023
The U.K. Competition and Markets Authority says it will be examining the development and deployment of AI and its social impact

Nigerian national blockchain policy gets government approval

4.5.2023
Nigeria's federal executive council has approved the national policy on blockchain to help the country develop a regulatory framework to govern the adoption of the technology

Nigeria Approves National Policy to Create 'Blockchain-Powered' Economy

4.5.2023
The policy announcement makes no mention of crypto, which the government cracked down on in 2021

Robert Kennedy Jr Warns of Mega Economic Crisis — Says ‘It’s Not Just the Banks’

4.5.2023
U.S. Presidential Candidate Robert F. Kennedy Jr. has warned that “the banking collapse is the tip of an economic mega-crisis,” emphasizing that “It’s not just the banks.” He also slammed President Joe Biden’s crypto mining tax proposal. “It is a mistake for the U.S. government to hobble...