Tag Archives: News

Pakistan is intensifying efforts to launch its CBDC and has issued a timeframe within which it’ll achieve its aim.Pakistan might be the latest in a long list of countries looking to harness the potential of using central bank-issued digital currencies (CBDC). This follows after it announced new regulations in hopes that they will ensure a successful CBDC launch by 2025.Pakistan Approves New EMI Laws, Eyes CBDC LaunchAs part of its efforts in this regard, the first aspect that Pakistan is...

Bandesal – a traditional bank in the nation of El Salvador – is refusing to discuss with reporters how the country is spending its bitcoin funds. It will not provide any data regarding how the country is maintaining its bitcoin purchases, nor will it say where the money is going or how it’s being stored, claiming that data is “confidential.” Bandesal in El Salvador Is Staying Quiet The Anti-Corruption Legal Advisory Center (ALAC) is condemning the bank and El Salvador for not being...

Last Saturday alone, 255,000 Reddit Collectible Avatars were minted making it the highest single-day mints on the platform since launch.Over the last weekend, the social media platform Reddit hit a new milestone with the minting of collectible avatars on the platform. Last Saturday, December 3, Reddit witnessed a new all-time high in the number of Collectible Avatars minted in a single day.Since Reddit launched the collection earlier this year, more than 4.4 million collectible avatars have...

Alameda consulted troubled entrepreneur Sam Bankman-Fried before investing in Genesis Digital.A new report has surfaced about a capital injection of over $1.15 billion that was carried out by Sam Bankman-Fried‘s Alameda Research. This was prior to the time that crypto prices began heading for the rocks. According to the report, the capital, which is Alameda Research’s biggest venture investment to date, was put into Bitcoin mining firm Genesis Digital Assets. Although, according to another...

Amongst other things, GK8 will help solidify GalaxyOne, the bigger company’s trading platform.Cryptocurrency financial services firm, Galaxy Digital Holdings Ltd (TSE: GLXY) has been selected as the winning bidder for Celsius Network’s owned custody outfit, GK8. As announced by the company, the acquisition is a part of the divestment agenda of the bankrupt crypto lender and it is subject to regulatory approval.GK8 provides a secure institutional digital asset self-custody platform that...

While China is seemingly encouraging the ownership of NFTs, NFT prices have been down in the wake of a wider market rout.A Chinese court in Hangzhou city has applied its property law to nonfungible token (NFT) collections. The court ruled that NFTs are like online virtual property and should be protected under Chinese law.While noting Chinese laws are not clear on the features of NFTs, the court moved to establish its legal attributes. According to the case report, “NFTs have the object...

In his latest “Apology Tour” in which he appeared at the New York Times Dealbook Summit, SBF portrayed himself as a victim rather than a mastermind of all that happened at the trading platform.Since FTX Derivatives Exchange went bankrupt, there have been a lot of permutations as to whether the funds misappropriated by Sam Bankman-Fried (SBF) were used as donations to politicians. In a recent Twitter conversation, Will Manidis, CEO of ScienceIO, a healthcare data platform, said that SBF made...

GoTo is not the only Asian tech company to plummet in valuation after its public launch.In the most recent waves hitting global tech startups, Indonesia’s GoTo has lost about 70% of its valuation since its IPO in April. The startup company was one of the 11 companies that raised over $500 million from its maiden share sales. At the time, GoTo was Asia’s third-largest IPO startup, after generating approximately $1.1 billion. For about 10 consecutive sessions, the value of GoTo Group shares has...

Coinbase chief slammed crypto exchange FTX over their excuses for an accounting error. Brian Armstrong said that FTX clearly stole customers’ money by moving funds to Alameda Research.After all, what’s transpired in the crypto space with the collapse of crypto exchange FTX, industry heavyweights have weighed in with their opinion. Coinbase chief Brian Armstrong lashed out at FTX founder Sam Bankman-Fried for his handling of customer funds. As we know, SBF has been giving public interviews...

Stellar lumen price is showing bearish signs below the $0.090 resistance zone against the US Dollar. XLM price is now trading below $0.0900 and the 55 simple moving average (4-hours). There is a key contracting triangle forming with resistance near $0.090 on the 4-hours chart (data feed via Kraken). The pair could start a decent increase if it clears the $0.090 and $0.092 resistance levels. Stellar lumen price is trading below $0.0920 against the US Dollar, similar to bitcoin. XLM price...