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Bybit Launches Digital Rupee for Secure INR Payments


The crypto exchange Bybit has introduced a digital rupee (eRupee) as a new payment method for Indian rupee transactions. The launch aims to provide a secure alternative for INR users on its platform. Bybit Aims to Enhance INR Payments With Launch of Digital Rupee Bybit, a digital currency trading...

Bank of England Plans Experiments with DLT and Wholesale CBDCs


The Bank of England (BoE) is taking a proactive stance related to cryptocurrency, money, and payments. In a recently released discussion paper, the central bank outlined its plans to conduct a series of experiments with distributed ledger technology (DLT) and wholesale central bank digital...

Bitcoin & Crypto Takes Center Stage in US Presidential Race


The past week was momentous for Bitcoin & cryptocurrency as they took center stage in the US presidential race. Former President Donald Trump made a groundbreaking endorsement of Bitcoin at the Bitcoin 2024 conference in Nashville, pledging to create a national “strategic Bitcoin...

XRP Veteran Dumps Holdings to Buy Algotech (ALGT) and Chainlink (LINK)


The crypto market recently e­xperienced a notable­ change when a dedicate­d XRP investor, holding the digital asse­t since 2017, opted to divest the­ir XRP holdings. This unexpected de­cision raised eyebrows within the­ crypto community, given the investor’s prior alle­giance to...

Polymarket Sets Position on Venezuelan Election Bet Outcome


Polymarket, the cryptocurrency-based prediction markets platform, explained its position regarding the bet on the Venezuelan presidential election. While opposition forces alleged that voting fraud had been committed, President Nicolas Maduro, who led the bet most of the time, was proclaimed...

Daily Crypto Update: Top Cryptos Suffer While Meme Coins Rejoice


After a brief bullish run, the crypto market’s latest session brought a quick dip. Now, the top 10 cryptocurrencies are suffering slightly while the meme tokens are rejoicing. Most of the top cryptos have lost value in the past 24 hours, while new meme tokens have emerged. Amid the sudden rise...

Slovenia Launches First Digital Bond in EU Sovereign History


On July 25, 2024, Slovenia issued its first digital bond, marking a significant milestone as the first EU sovereign and one of the earliest worldwide to do so. The bond issuance occurred under the European Central Bank’s (ECB) wholesale central bank money settlement experimentation program....

Hong Kong Regulator Warns Against Proxinex for Suspected Virtual Asset Fraud


The Securities and Futures Commission (SFC) of Hong Kong has issued a public warning regarding Proxinex, an entity suspected of virtual asset-related fraud. Investors have encountered issues withdrawing virtual assets from Proxinex, later being informed that their accounts were nonexistent. The...

Coindcx Urges Wazirx to Reconsider Passing 45% Losses to Customers


The CEO of Indian crypto exchange Coindcx has criticized Wazirx’s approach in response to a recent $230 million cyberattack. Urging Wazirx to take responsibility, he stressed: “Making customers directly absorb the 45% losses is utter nonsense.” Wazirx is working to recover...

Bitcoin Giant Moves 777.91 Bitcoins Worth $52M After 7 Years


Following the activation of a dormant bitcoin address from 2017, which transferred 210 bitcoins at block height 854,501, another inactive wallet created on April 9, 2017, moved 777.91 BTC worth over $52 million roughly 35 blocks later. Notably, the owner of the bitcoin might be the same entity that...

Blackrock Warns of Rising Crypto Investment Scams


Blackrock, the world’s largest asset manager with $10.5 trillion in assets under management, has warned about cryptocurrency scams. The firm urged caution when dealing with individuals, websites, or social media platforms using its brand to offer training or investments. Blackrock noted...

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