Search
Iran and Russia Consider Issuing Gold-Backed Stablecoin, Officials Unveil
18.1.2023
Tehran and Moscow are discussing the possible launch of a stablecoin for international settlements, the Russian press revealed. In order to mint the gold-backed currency, however, authorities would need to first regulate crypto assets, a lawmaker noted. Russian, Iranian Representatives Talk Using...
Digital Currency Group halts dividends in an effort to preserve liquidity
18.1.2023
Digital Currency Group, a venture capital firm that owns a stake in more than 200 crypto projects, announced the dividend halt while one of its subsidiaries is in financial strife
Tanzanian Central Bank Adopts ‘Phased and Risk-Based Approach to Adoption of CBDC’
17.1.2023
After months of research, the Tanzanian central bank announced recently that it had chosen a more cautious and risk-based approach towards the adoption of its central bank digital currency (CBDC). During the research phase, the central bank said it paid particular attention “to risks...
Georgia Prepares to Launch Digital Lari Pilot in First Half of 2023
17.1.2023
The central bank of Georgia intends to publish a document detailing the concept of a national digital currency in the coming months. Other participating parties will use it to finalize their proposals for the pilot which the monetary authority plans to initiate in the first half of the year....
Fasttoken, Official Crypto of Fastex, to Launch to the Public on January 18
16.1.2023
Developed by technology giant SoftConstruct, Fasttoken (FTN) is the official cryptocurrency in the Fastex ecosystem and the native token of the Fastex Chain. Aside from passing two audits by independent third-party auditors, Fastex is a regulated virtual currency exchange and virtual currency...
Report: Egyptian Pound Reaches New Low Against US Dollar Despite Flexible Exchange Rate Regime
16.1.2023
The exchange rate of the Egyptian pound versus the U.S. dollar fell to a new low on Jan. 11 after it tapped 32.14 per greenback. The currency’s latest significant depreciation came just a few months after it adopted a flexible exchange rate regime. According to the International Monetary...
Tanzania ‘cautious’ on CBDC adoption after initial research
16.1.2023
The Bank of Tanzania is waiting for the conclusion of its research into CBDCs before making a final decision on adoption
Ukraine’s Tascombank Pilots Stellar-based E-hryvnia
15.1.2023
Tascombank, one of the oldest banking institutions in Ukraine, has completed the pilot testing of a digital currency based on the Stellar network. The bank believes that its electronic money platform represents an economically viable implementation of blockchain technology. Tascombank Conducts...
Sand Dollar Digital Currency Struggle for Relevance After FTX Disaster
15.1.2023
The Sand Dollar, a digital version of the Bahamian dollar, is in a tight spot within the island nation following the unprecedented collapse of cryptocurrency exchange FTX.
FTX, once the third-largest cryptocurrency exchange in the world with a valuation of $32 billion at its peak, was based in...
Osprey Vies for Control of Grayscale’s Bitcoin Trust; Tron’s Justin Sun Offers to Invest Up to $1B on DCG Assets
14.1.2023
Following charges by the U.S. Securities and Exchange Commission against the crypto exchange Gemini and the digital currency lender Genesis, Tron founder Justin Sun told the press that he may be able to purchase assets from Genesis, up to $1 billion, “depending on their evaluation of...
Justin Sun Says He's Interested in Putting Up to $1 Billion for a DCG Asset Fire Sale
14.1.2023
Justin Sun, founder of TRON Foundation, has revealed he is willing to spend up to $1 billion of his own money to buy assets of embattled cryptocurrency lender Genesis’ parent firm, Digital Currency Group (DCG).
In an interview with Reuters, the Chinese crypto entrepreneur said he is willing...
Grayscale files brief in ETF suit against SEC, oral arguments may come within months
13.1.2023
Grayscale appealed the SEC’s denial of its application to create a spot BTC ETF in June; the case “is moving swiftly,” according to the Grayscale chief legal officer
Crypto Biz: DCG’s ‘carefully crafted campaign of lies’?
13.1.2023
The public battle between Cameron Winklevoss and Digital Currency Group CEO Barry Silbert continues to rage
SEC Charges Genesis and Gemini — Winklevoss Says Regulator’s Lawsuit Is ‘Super Lame’
13.1.2023
The U.S. Securities and Exchange Commission (SEC) has charged crypto exchange Gemini and crypto lender Genesis Global Capital, a subsidiary of Digital Currency Group (DCG). “Through this unregistered offering, Genesis and Gemini raised billions of dollars’ worth of crypto assets from...
Nexo Bitcoin Withdrawals Surge Following Raid of Bulgarian Offices
13.1.2023
After the offices of crypto lender Nexo were raided in Bulgaria, the digital currency lending platform experienced a significant amount of withdrawals starting Jan. 12, 2023. An archived snapshot of Nexo’s real-time attestation shows that the company held 133,263 bitcoin on that day. As...
Genesis Owes Its Creditors $3 Billion - Is That too Much for DCG to Swallow? Barry Silbert Breaks Silence on Twitter
13.1.2023
Digital Currency Group's crypto brokerage firm Genesis owes over $3 billion to creditors, pressing the crypto conglomerate to consider selling assets in its large venture portfolio to raise money.
According to a report by the Financial Times, DCG, the parent company of Genesis, plans to raise...
Crypto Lending Crisis - Gemini and Genesis Charged by US SEC With Selling Unregistered Securities
13.1.2023
The US Securities and Exchange Commission (SEC) brought charges against major crypto exchange Gemini and the troubled crypto lending and trading firm Genesis.
Per the press release issued by the regulator on January 12,
"The [SEC] today charged Genesis Global Capital, LLC and Gemini Trust...
Nigerian crypto exchange Roqqu receives European virtual currency license
12.1.2023
The move allows Roqqu to operate in 30 countries and broaden its services within one of the world's largest crypto markets
DCG Said to be in Talks with Creditors - Will Gemini Crypto Depositors Get Their Money Back?
12.1.2023
Barry Silbert’s crypto conglomerate Digital Currency Group (DCG) is “actively engaged” in talks with creditors, according to a little-known crypto exchange....
Read More: DCG Said to be in Talks with Creditors - Will Gemini Crypto Depositors Get Their Money Back?
UK Treasury Considers Digital Pound, Maintains Crypto Hub Objective
12.1.2023
The U.K. is mulling over launching a digital pound as it remains committed to becoming a cryptocurrency hub, a government representative has indicated. British authorities should also regulate payments with stablecoins, according to the official. United Kingdom Prepares to Begin Consultation...