Tag: digital currency

Crypto adoption is no longer something that is expected to happen. It is already happening. A recent survey from Deloitte has shown some interesting findings. The survey polled professionals from various finance fields about crypto and blockchains. The majority of the polled respondents answered in favor of crypto and blockchain adoption. The latest market rally has seen cryptocurrencies grow in their relevance. Each...

In light of recent regulatory crackdown and backlash, global crypto exchange Binance is beginning to crack down on its customer verification requirements across its platform. More specifically,...

Bank of Jamaica is making steady progress with the country's central bank digital currency (CBDC). During a short financial ceremony organized on Monday morning, the Jamaican apex bank minted the country’s very first lot of fiat backed CBDC, ‘the digital version of the Jamaican Dollar.’ Reportedly, a total of J$230 Million in CBDC will be The post Bank Of Jamaica Mints The First...

UAE Central Bank (UAECB) has announced its strategic objectives for 2023-2026, with their new and enhanced Digital Strategy that would include the much- awaited and grand launch of Central Bank Digital Currency (CBDC). UAE Central Bank has been discussing its interest in CBDC for a while now, and the 2023-2026 Strategy has provided a definite timeline The post Just-In: UAE Central Bank Sets CBDC...

Earlier this week, Congresswoman Maxine Waters announced that Congress had formed a new working group that would focus on cryptocurrency and fintech policy. Called the Blockchain Caucus or Fintech Task Force, the House Democrat group will feature 12 members of the House Financial Services Committee. I applaud Chairwoman...

Tesla CEO Elon Musk tweeted earlier this Sunday that the electric carmaker would resume its Bitcoin transactions once verified crypto mining operations utilise more renewable energy. “When there’s confirmation of reasonable (~50 percent) clean energy usage by miners with [a] positive future trend, Tesla will resume allowing Bitcoin transactions,” he wrote....

Brazil’s central bank, the Banco Central do Brasil (BCB), is pushing for more time to roll out its central bank digital currency (CBDC). Earlier in May, BCB released a document covering the general guidelines and characteristics of Brazil’s future CBDC. Roberto Campos Neto, BCB’s chief central banker, also stated earlier last year that the country would likely be prepared and ready...

According to billionaire investor Ray Dalio, China’s digital Yuan will outpace the United States’ efforts to create a central-bank digital currency. In an interview with CNBC, The Bridgewater...

Chia Network, a blockchain and smart currency platform known for its storage- based mining, has raised $61 million from notable investors including Andreesen Horowitz. https://t.co/MQ8U7Y4SVW -- Chia Project...

Crypto data analytics provider Coin Metrics announced that it raised $15 million in Series B funding round led by investment bank...

Since the start of 2021, the crypto markets have been on an absolute tear. Bitcoin and Ethereum -- two of the largest cryptocurrencies by market capitalization -- are up 97% and 303% year-to-date, respectively....

Earlier this week, DeFi yield aggregator Yearn Finance released its financial report for the first quarter. According to the quarterly report uploaded on GitHub...

Ethereum scaling project Polygon recently launched a fund aimed towards making decentralized finance (DeFi) more accessible to end-users. Dubbed “#DeFiforAll”, the fund will look to integrate users to decentralized products and platforms. The funding, which will be facilitated through Matic coins, will come...

Bitcoin, since surging to new all-time high earlier this month, has continued to face a string of bad news. Earlier last week, Bitcoin prices tumbled due to Xianjiang crypto miners shutting down due to power outages -- causing a record $10 billion in futures liquidations. Now, fears over President Biden’s proposed capital gains tax hike and...

Amid growing institutional adoption of cryptocurrencies, it seems as though that Blackrock, the world’s largest asset manager, has now set its eyes on the rapidly expanding crypto space. Back in January, Bloomberg reported that Blackrock was adding Bitcoin futures as eligible investments in two of its funds -- the first time the firm had offered crypto exposure to its clients....

As cryptocurrencies continue to surge to new highs and bask in the media’s limelight, Robinhood reported major growth in the number of users trading crypto on their platform. According to...

Without a doubt, the mainstream resurgence of cryptos have spurred on new movements within the industry, ranging from decentralized finance (DeFi) to non-fungible tokens (NFTs). These red-hot sub-industries within the broader crypto scene have resulted in hundreds if not thousands of new startups -- and venture capitalists are pouring money into them like never before....

Cryptocurrency exchange Coinbase announced today that it hired Brett Redfearn, ex-director of SEC’s trading and markets division, to run its capital markets arm. These recent regulatory...

According to Reuters, Visa announced today that it will begin accepting cryptocurrency USD Coin (USDC) to settle transactions on its payment network. The move by the fintech giant coincides with the growing institutional acceptance...

The head of China's central bank digital currency (CBDC) research said in a business convention that complete anonymity is impossible. China Firm on "Controllable" Privacy of CBDC Mu Changchun, the Chinese head of the Digital Currency Institute, said that they would follow the policy...