Cryptocurrency Analysis and News Portal
Mastercard has announced that it has demonstrated a new solution that enables central bank CBDC to be interoperable with different blockchains. The solution, developed in partnership with Cuscal and Mintable, was part of a pilot project conducted by the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre
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The Bank of Russia has announced changes to regulating its central bank digital currency (CBDC), the digital ruble. The central bank will allow foreign banks to open digital ruble accounts from Jan. 1, 2025 to promote cross-border payments and financial inclusion. The digital ruble is a digital form of the national currency
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China has launched its first industrial park dedicated to developing and applying the digital yuan, or e-CNY, in the city of Nanjing, Jiangsu province. The park, which covers an area of 10 square kilometers, aims to attract more than 100 enterprises and institutions related to the digital currency ecosystem, such
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Ankr has announced a significant partnership with XDC Network, a Layer 1 blockchain platform for trade finance and asset tokenization. The partnership will enable Ankr to offer its Remote Procedure Calls (RPC) service to XDC Network, enhancing its performance, security and scalability. RPC is a protocol that allows applications to communicate with
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Following the court’s decision, Genesis debtors have gained authorization to execute the settlement agreement, which entails the payment of $175 million to FTX. At the same time, the New York Bankruptcy Judge Sean Lane has also removed several claims made by FTX debtors against Genesis. Claim withdrawals As per the filed documents, the court
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During a recent fluctuation in USDR’s value, a transaction involving 131k stablecoins yielded no return for the trader. Following the startling revelation from yesterday’s events surrounding the real-estate-backed U.S. dollar stablecoin, Real USD (USDR), a trader encountered a grave setback by swapping a staggering 131,350 USDR for 0 USD Coin (USDC).
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Sam Bankman-Fried’s trial enters into its seventh day, with witnesses testifying Alameda and FTX’s mishaps led to an industry-wide cascading effect. The 7th day of FTX founder Sam Bankman-Fried’s historic trial continues, as former Alameda CEO, Caroline Ellison is cross-examined by the defendant’s lawyers. Two other witnesses also testified today,
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Defense attorney Mark Cohen cross-examined former Alameda Research CEO Caroline Ellison after the witness said Sam Bankman-Fried cajoled her into making misleading social media statements and ordered loan repayments funded with stolen customer crypto. Witness testimony on day six revealed tenuous months leading to FTX’s collapse marked by subpar corporate practices
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Blockchain game Abyss World has announced the postponement of the SUI airdrop to Gazer this month, citing a funding crisis and deception by their early main investor, Chainhill Capital. This becomes another in the list of development teams affected by Chainhill Capital’s failure to pay our funds. Making amends The community administrator of
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Co-founder of Voyager Digital Stephen Ehrlich faces charges from the Commodity Futures Trading Commission for alleged fraud and failing to register with the agency. The Commodity Futures Trading Commission (CFTC) has leveled accusations against Stephen Ehrlich, the co-founder of Voyager Digital. According to the CFTC, Ehrlich is being charged with fraud
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