Digital Currency

According to the Crypto Wealth Report 2024 by Henley & Partners, the number of individuals holding over $1 million in digital assets has soared by 95% to 172,300. This comes amidst a growth in the crypto market, which has seen its total value rise to $2.3 trillion, marking an 89% increase from the previous year’s...Read More

Local media reported that the state intelligence agency is on the hunt for professionals in the field of financial technology. The reason is purportedly so that it can use cryptocurrencies for anonymous payments to agents or purchasing equipment. The news was revealed by leading Israeli media outlet Ynet on August 8. According to a translation,...Read More

Digital asset management outfit Arca has secured $10 million in Series A funding as the company sets out to bootstrap its expansion in the emerging fintech scene. Crypto asset management firms are also seeing increasing inflows as investor appetite for digital assets continue to grow. RRE Ventures Leads $10M Arca Funding Round Arca announced the...Read More

For nearly a decade, critics of cryptocurrency have had one last holdout argument against the non-hard form of money: it’s not acceptable as a standard form of payment except in a few niche markets. Now that some of the world’s largest paysites, banks, retail stores, and e-commerce entities accept Bitcoin (BTC) and several other cryptos,...Read More

Central bank digital currency (CBDC) fever appears to be heating up across the APAC region as The Philippines announces plans to study the possibility of issuing its own sovereign virtual “coin.” Committee to Study Modalities for Possible CBDC Issuance According to a report by Bloomberg on Wednesday (July 29, 2020), the Bangko Sentral ng Pilipinas...Read More

In a recent move by FINMA, the InCore bank launched access to digital assets for the EU crypto market. InCore becomes the first  Swiss business-to-business bank to get licensed to work with digital assets. InCore Bank Partners with Inacta AG The Swiss Financial Market Supervisory Authority – FINMA has authorized InCore bank to carry out...Read More

The Swedish Central Bank will establish a test group for its potential digital currency – the e-krona. It will run for a year and should confirm if there’s an actual need case for launching a digital krona. Testing The E-Krona Recently reported by local news, the Riksbank is ready to launch a group to examine...Read More

The U.S. Federal Reserve is experimenting with blockchain technology to establish potential use cases for a central bank digital currency (CBDC). Fed’s Governor Lael Brainard said this in a recent speech, but she also noted that risks still exist, and they have to be addressed before launching a digital currency. The U.S. Contemplating A CBDC...Read More

Some major central banks, including that of Britain, Japan, and Sweden, have reportedly come together on cooperation towards cryptocurrencies. The organizations will share their experience in a dedicated group. Major Banks Come Together To Work On Cryptocurrencies Major central banks are stepping up on the matter of cryptocurrencies. According to a Reuters report, the banks...Read More

Bitcoin promoter, Anthony Pompliano recently shared an excerpt from his September interview with Squawk box, CNBC. The interviewer questions him about the US dollar and how Bitcoin will be beneficial if adopted. Pomp takes the help of the CNBC medium to urge the Federal Government to tokenize the US Dollars as soon as possible. He...Read More

In this roundup, we cover Russia’s supreme court recognizing tokens as assets like money and property, France’s new crypto regulatory framework, and several industry developments in China, including a blockchain ETF filing. We also cover Japan’s world conference for decentralized financial governance, Uzbekistan’s crypto ban, and four countries’ central bank digital currency updates. Also read:...Read More

Earlier we had reported that the Bahamas has plans to launch its own digital version of Bahamian Dollar. The initiative is termed as Project Sand Dollar. However, a stipulated time-frame was not decided for this project execution. The latest update is that Central Bank has started the project’s pilot phase in Exuma this 27th December...Read More

Following the consensus reached at the G20 leaders’ summit on the importance of discussing better governance for the decentralized financial ecosystem, Japan’s top financial regulator is hosting a global blockchain conference to discuss the subject. The regulator is welcoming stakeholders from around the world to participate, including other regulators, open-source software developers, university researchers, and...Read More

In this roundup, we cover a wide range of regulatory developments in the crypto space. Much has transpired in the U.S., including a new crypto bill, SEC’s proposal, lawmakers seeking answers from the IRS, and the state of Michigan signing several crypto bills into law. We also cover France’s first-approved initial coin offering, a proposal...Read More

A U.S. district judge has ruled that former intelligence contractor Edward Snowden must turn over the proceeds of his new book to the U.S. government. According to the ruling, Snowden failed to obtain clearance for the materials and information used in his book. The same judge previously ruled against Kim Dotcom and Megaupload. Also read:...Read More