Much like most central banks globally, the U.S. Federal Reserve has also been under the process of developing a central bank digital currency (CBDC) for quite a while. The country’s pace or urgency with the same might not be anywhere near the likes of China and Nigeria, the digital dollar has already faced one ofContinue reading “U.S. lawmaker limits Fed’s authority in CBDC issuance through a new bill”

The Solana network’s shot in the spotlight might just be far from over as yet, especially now that the Bank of America has expressed future optimism for the top smart contract platform, even analogizing it as the “Visa of the digital asset ecosystem” after it managed to facilitate a large number of transactions over theContinue reading “BoA: Solana is primed to beat Ethereum and be the ‘Visa of digital asset ecosystem’”

Cryptocurrency prices have finally recovered slightly after noting a slump in the first few days of 2022. In fact, the past week saw Bitcoin’s price drop to as low as $39,692. Thanks to the said recovery, some of the positive sentiment seems to be seeping in again. While predicting long-term positivity in an interview withContinue reading “Here’s Brian Brooks’s take on Bitcoin and the ‘real drivers of growth’”

One of the biggest appeals of Bitcoin and other cryptocurrencies lies in their ability to act as a hedge against inflation as opposed to traditional assets like bonds and equities. This has even spurred Bitcoin‘s classification as digital gold, even as the novel asset continues to eat into the precious metal’s market share. However, theContinue reading “IMF shares ‘stability concerns’ over crypto’s increasing correlation with stocks”

The Kingdom of Thailand is reeling through a cryptocurrency tax conundrum. However, that hasn’t stopped its stock exchange from lining up the launch of ambitious digital asset-related projects for this year. The Stock Exchange of Thailand (SET) announced on Tuesday that the long-awaited Thai Digital Assets Exchange (TDX) will be launched in the third quarterContinue reading “Stock Exchange of Thailand set to launch digital asset exchange later this year”

With the NFT market continuing to boom with flooded marketplaces, another player that could soon be seen rising within the ranks of the sector is Ripple. Months after first announcing the development of an NFT platform on the XRP Ledger, RippleX has finally released the NFT-Devnet for users to test the blockchain’s NFT functionalities. NFTContinue reading “NFTs can now be tested on the XRPL as RippleX releases NFT-Devnet”

The cryptocurrency industry’s unparalleled boom last year had brought with it the attention of regulators worldwide, all of whom have shown varied levels of acceptance towards the emerging asset class. The U.S Securities and Exchange Commission’s Chief for instance has repeatedly expressed his skepticism about the lack of investor protection and information offered by blockchainContinue reading “SEC’s Gensler hardens stance on crypto, says ‘if they’re selling it, we’re regulating it’”

The silence that had befallen upon the U.S Securities and Exchange Commission vs. Ripple Labs lawsuit broke last week, as the new year brought along with it new litigation for the case. In its latest filing, the San Fransisco-based blockchain company has now responded to the SEC’s newest attempt to strike down Ripple’s Fair NoticeContinue reading “XRP Lawsuit: Ripple and SEC lock horns over fair notice defense”

Cryptocurrency exchange Binance has decided to take the path of compliance once more, as it faces yet another investigation in connection to a million-dollar scam in Pakistan affecting thousands of investors. The world’s leading crypto exchange in terms of trade volume has promised full assistance to the country’s Federal Investigation Agency (FIA) in its investigationContinue reading “Binance extends ‘full support’ to Pakistan’s investigation of $100 million crypto scam”

One of India’s largest banking giants has completed the first transaction on a blockchain platform backed by the country’s government in a bid to further India’s effort at digitizing its banking sector. One of the first A 10 January announcement by Axis Bank revealed the completion of an industry-first blockchain-enabled domestic trade transaction between ArcelorContinue reading “India: Axis Bank completes ‘industry-first’ transaction on govt blockchain platform”

Institutional investors have been quick to notice the merits of the cryptocurrency industry, and an increasing number of big-ticket names have been jumping onto the bandwagon recently after resisting it for years. For legendary investor Bill Miller, the biggest motivator behind his enormous Bitcoin portfolio allocation is the government’s lack of ability to interfere inContinue reading “Bill-ionaire Miller says crypto an ‘insurance policy’ because ‘they can’t confiscate your Bitcoin’”

One of the most visible victims of the recent bloodbath has been Ethereum‘s native token. Ether has lost 17.3% of its valuation in just the past week. Regardless of this, institutional proponents have continued to place their faith in the blockchain network even as “ETH-killers” threaten to dethrone it from the top spot. The chiefContinue reading “Will scalability issues let Ethereum touch ‘50% of the world’s financial transactions’”