'High Cost, Low Speed' Cross-Border Payments

RBI Governor Touts CBDC as Solution to 'High Cost, Low Speed' Cross-Border Payments

Reserve Bank of India’s (RBI) Governor Shaktikanta Das has touted Central Bank Digital Currencies (CBDCs) as a solution to 'high cost, low speed' cross-border payments.  ...

1 year ago

Digital Yuan in Retail Sectors

China’s Central Bank Official Stresses on Use of Digital Yuan in Retail Sectors

The head of the Digital Currency Research Institute at the People's Bank of China (PBOC), Changchun Mu, has emphasized the necessity of making the digital yuan available for all retail payme...

1 year ago

Singapore, Malaysia, the UAE, France, Benelux countries, Nepal and the U.K. have adopted the NPCI’s UPI payments system to varying degrees.

Indian central bank-backed NPCI begins blockchain recruitment

The National Payments Corporation Of India (NPCI) — an initiative led by the Reserve Bank of India (RBI) and 247 Indian banking companies — is on the lookout for a seasoned blockchai...

1 year ago

The transfer of millions in altcoins has ignited concerns of FTX creating a potential dump across the crypto markets.

FTX wallet shifts $10M in crypto, sparking fear of token dumps to come

A wallet owned by bankrupt crypto exchange FTX has moved $10 million worth of digital assets from the Solana  SOL $20 network to Ethereum, sparking concerns it could be the beginn...

1 year ago

Vivek is one of many Republicans who suspect the SEC is out to kill crypto.

Vivek Ramaswamy Says Grayscale Win ‘Clears Path’ for Bitcoin Innovation in America

Republican Presidential candidate Vivek Ramaswamy is bullish on Bitcoin, especially after Grayscale’s decisive court victory over the Securities and Exchange Commission (SEC) on Tuesday.

1 year ago

A parliamentary vote to dismiss the legislator ended in a stalemate, Yonhap reported. Kim Nam-kuk reportedly transferred his WEMIX holding worth $4.5M to evade a new rule.

South Korean Lawmaker in Crypto Scandal Survives Expulsion Vote

1 year ago

Regulators from Rhode Island have approved X’s application for a currency transmitter license.

Elon Musk’s X moves closer to crypto payments with new state license

Rhode Island’s regulators have granted X (Twitter) a currency transmitter license, marking a step forward for the company’s foray into the financial services sector.  ...

1 year ago

The court’s decision that the SEC has to consider Grayscale’s Bitcoin spot ETF application is good news for crypto but maybe not as impactful as some hoped.

Crypto community jubilant over Grayscale decision, but uncertainty remains

The crypto community received the decision it had been hoping for when the District of Columbia Circuit Court of Appeals ruled on Grayscale Investments’ Bitcoin spot ETF app...

1 year ago

A U.S. court ordered the SEC to "vacate" its rejection of Grayscale's bid to convert its Bitcoin Trust into an ETF.

Bitcoin Tops $28K on Grayscale Ruling, While Crypto-Related Stocks Soar More Than 10%

Bitcoin (BTC) gained more than 7%, topping $28,000 at one point on Tuesday afternoon after a federal appeals court ruled that the U.S. Securities and Exchange Commission (SEC) must rev...

1 year ago

The plan could result in recoveries of 70% to 90% in USD equivalent for unsecured creditors and 65% to 90% recovery on an in-kind basis.

DCG Reaches Crucial In-Principle Deal With Genesis Creditors, Recoveries Could Be Up to 90%

Digital Currency Group (DCG) has reached an in-principle deal with Genesis creditors to resolve the claims brought up in Genesis' bankruptcy, according to a court filing on Tuesday.

1 year ago