Crypto news

Japan recently approved a Web3 white paper that could place the East Asian nation at the forefront of global crypto growth.  Japan has approved a Web3 white paper to boost the country’s fledgling crypto industry growth. On Thursday, the East Asian nation’s ruling Liberal Democratic Party’s Web3 project team published the crypto-guiding document. The white paper proposes several recommendations for growing and enhancing Japan’s digital currency space. These include instituting more tax...

Sources familiar with the matter said that the architects of the retail CBDC are working to incorporate offline transactions and eyeing half a million users by July. India is one of those top global economies that has been pilot-testing its central bank digital currency (CBDC) aka the Digital Rupee. As per the latest reports, the architects of India’s retail central bank digital currency (CBDC-R) are aiming to scale the user base of the Digital Rupee to a million users. Sources familiar...

BlackRock – the world’s largest asset manager – is collaborating with the U.S. government to sell off eleven figures worth of securities tied up with American banks that failed last month.  The sale $114 billion sale will include $27 billion worth of securities from Signature Bank, and $87 billion from Silicon Valley Bank (SVB).  Securities Dump Incoming? The Federal Deposit Insurance Corporation (FDIC) announced the sale on Wednesday, over three weeks after placing both...

Block – the company formerly known as Square and run by Jack Dorsey of (past) Twitter fame – is looking into building what it’s calling a “mining development kit (MDK). Block Wants to Boost Bitcoin Mining Opportunities The goal is to establish a do-it-yourself bitcoin and crypto mining kit that retailers and individuals can use to extract their own units from the blockchain. Dorsey and his crypto-fanatical cronies are hoping this will help to educate more people about...

The trouble surrounding Silvergate Bank appears to be getting worse, and the company has attracted a lot of negative attention in recent weeks after it stated it has concerns about how well it can do in the future. Silvergate Is in Hot Water Silvergate is a crypto lender that lost billions of dollars in 2022 due to the ongoing volatility and market speculation. That year was easily the worst on record for crypto given how poorly assets did. Bitcoin, for example, lost...

The determination to float products that will be able to provide an interactive search interface for users has been cited by the Alphabet CEO as a major opportunity to be tapped into. Sundar Pichai Sundar Pichai, the Chief Executive Officer (CEO) of American multinational tech giant, Alphabet Inc (NASDAQ: GOOGL) has hinted that the company is working on a conversational chat Artificial Intelligence (AI) solution that can be integrated into its Google search engine tool. While Pichai...

Al Ansari Financial Services experienced an upswing in the value of its shares after instituting 2023’s first Dubai IPO.  The shares of UAE remittances and money exchange firm Al Ansari Financial Services surged 17% in its initial public offering (IPOIPO) outing at its Dubai Financial Market trading debut. The family-owned company raised $210 million after selling 750 million shares in the offering, or 10% of its value. The Al Ansari Financial Services development marks the first IPO for...

FTX was a devastating event to strike the crypto space, and now, regulators and people in charge of America’s financial sector are warning that something bad could potentially happen with Binance, which as we all know, had strict ties to FTX when the company fell into oblivion. Binance Could Be in Hot Water John Reed Stark – a former attorney for the Securities and Exchange Commission (SEC) – has warned in a recent interview that Binance could possibly see a heavy...

After Twitter changed its logo to Dogecoin’s, the price spiked 36%, but it still remains under a key resistance. Key Support levels: $0.07 Key Resistance levels: $0.11 Elon Musk did not disappoint and kept his promise to change the logo of Twitter should he acquire it. Doge rallied hard on this news, but not as much as expected, with the price yet to break the resistance at 11 cents. Elon will have to do more for that. The key support is at 7 cents. Chart by...

Adrienne A. Harris – Superintendent of the New York State Department of Financial Services (NYDFS) – said the premise that the bank’s ties to crypto-related businesses were behind its closure is “ludicrous.”  The financial institution revealed severe operational difficulties last month and was shut down by American regulators to prevent further issues. Crypto Was not the Reason The head of the NYDFS assured in a recent interview that the relevant watchdogs closed Signature...