digital currency

The Bank of Russia is gearing up for its digital ruble pilot test slated for Aug. 15, with all 13 banks that expressed interest in the pilot confirming their readiness. Olga Skorobogatova, the first deputy governor of the Bank of Russia, stated that these banks have finished the necessary...

Crypto-services provider Matrixport on Thursday said that the U.S. Securities and Exchange Commission (SEC) might greenlight multiple spot bitcoin exchange-traded funds (ETFs) in the near future. This move could potentially boost the value of the leading cryptocurrency, Coindesk reported....

Circle Internet Financial (CRYPTO: USDC) is relying on its substantial cash reserve of more than $1 billion to navigate the increasing challenges posed by non-crypto entities such as PayPal Holdings Inc (CRYPTO: PUSD) The company wants to reverse the dwindling market share of...

Canadian authorities have adopted advanced software tools to track cryptocurrency transactions in their efforts to combat cybercrimes. This new capability enables the police to monitor blockchain activities, pinpoint potential culprits and ascertain the final destinations of funds. The...

Billionaire David Rubenstein believes in the enduring nature of Bitcoin (CRYPTO: BTC), pointing to the "enormous interest" it garners across the globe. "There’s enormous interest around the world, and to be able to have something you can transfer without having the government...

Crypto platform Blockchain.com on Tuesday, announced that it has received a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS). The exchange received its in-principle approval from MAS in September 2022. With this license in hand, Blockchain.com is now...

Curve Finance (CRYPTO: CRV) has announced a reward of $1.85 million for information leading to the legal conviction of the individual or group behind the recent exploit of their system. The DeFi protocol's team stated on Aug. 6, "If the exploiter chooses to return the funds in...

Circle (CRYPTO: USDC) CEO and co-founder Jeremy Allaire expressed his positive outlook towards the growth of Web3 in Hong Kong and the chances of mainland China's opening up to cryptocurrencies. "The reality is that every other major financial market in the world is also embracing digital...

By the close of this decade, as many as 15 central bank digital currencies (CBDCs) might be operational worldwide, according to a survey conducted by the Bank for International Settlements (BIS). The Switzerland-based institution, which is under the ownership of 63 central banks accounting...

The Bank for International Settlements (BIS) has rolled out a new security and resilience framework aimed at protecting Central Bank Digital Currencies (CBDCs) from the ever-evolving landscape of cyberthreats. Developed by the BIS Innovation Hub Nordic Centre, the Polaris framework is a response to...

The Federal Bureau of Investigation (FBI) raided the Los Angeles residence of Kraken founder Jesse Powell in March, as part of a criminal inquiry focusing on allegations that he hacked and cyberstalked a nonprofit organization. The investigation primarily centers on the accusation made by the...

South Korea has given the green light to landmark legislation dedicated to digital assets, aiming to reinforce protection for investors. This comes in the wake of the dramatic collapse of cryptocurrencies developed by South Korean Do Kwon, which played a role in a global $2 trillion cryptocurrency...

The European Commission has unveiled an ambitious vision that aims to lay the groundwork for the creation of a digital form of the euro. Goal Of Modernizing Euro Currency The initiative seeks to modernize the currency, ensuring that citizens and businesses throughout the eurozone can continue to...

Stablecoin issuer Tether (CRYPTO: USDT) has forged an alliance with the Government of Georgia, aimed at establishing the country as a nexus for blockchain and peer-to-peer technologies, which is expected to spur innovation and economic expansion. Tether and the Georgian government are...

Real World Asset (RWA) protocol announced the mint of HOME, the first mortgage-backed stablecoin on the XRP Ledger (XRPL) blockchain. Built on the RWA protocol, HOME will provide institutions and individuals with access to the stability and cash flows offered by mortgages in the U.S., the...