Report: Taiwan’s Central Bank May Need 2 Years to Complete Work on CBDC

Post Views: 406 Taiwan’s central bank is yet to conclude work on its central bank digital currency (CBDC) and according to the bank’s governor, the institution may need two more years to finish its work, a report has said. Some of the bank’s next tasks include winning the public’s support, ensuring the system is stable,…

Russia’s Financial Watchdog Investigates 400 Crypto-Related Cases, Director Tells Putin

Post Views: 400 Rosfinmonitoring is conducting hundreds of investigations into cases involving cryptocurrencies, the head of the agency announced. Hundreds of thousands of Russians take part in crypto deals abroad, the top regulator also reported to the Russian president. The financial watchdog is working on them together with representatives of the Ministry of Internal Affairs…

Warren Buffett-Backed Nubank Now Offers Crypto Trading to 54 Million Customers

Post Views: 332 Warren Buffett-backed Nubank, one of the world’s largest digital banking platforms, is now offering cryptocurrency trading to all of its 54 million customers. Nubank also holds bitcoin on its balance sheet. Nubank, one of the world’s largest digital banking platforms, now offers cryptocurrency trading to all clients, according to its blog post,…

Can Xchange Monster (MXCH) Become Crypto Giants Like Binance Coin (BNB) and Cardano (ADA)?

Post Views: 341 PRESS RELEASE. The cryptocurrency industry has certainly become oversaturated with hundreds of crypto projects being established everyday with many of them failing before ever reaching any significant milestone. The mass success of the industry has led to many believing they can achieve that very same amount of success despite not putting in…

E-commerce Giant Ebay Files Trademark Applications Covering Wide Range of Metaverse, NFT Services

Post Views: 343 E-commerce giant Ebay has filed two trademark applications covering a wide range of products and services relating to the metaverse and non-fungible tokens (NFTs). Ebay Inc. (Nasdaq: EBAY) filed two trademark applications with the United States Patent and Trademark Office (USPTO) last week covering a wide range of products and services relating…

Risk of ‘Significant Drawdowns’ Pushes Cypherpunk Holdings to Sell Entire Stash of Bitcoin and Ethereum

Post Views: 1,960 On Tuesday, the Canada-based investment firm Cypherpunk Holdings Inc. announced that the company has sold all of its bitcoin and ethereum due to the “risk of further significant drawdowns.” The company has transitioned its treasury to cash after selling 214.72 bitcoin and 205.82 ethereum as Cypherpunk Holdings continues “to see systemic risks…

Uzbekistan Presents Registration Requirements for Cryptocurrency Miners

Post Views: 500 Authorities in Uzbekistan have drafted and put forward for public consultations a set of rules for crypto miners operating in the country. Companies that want to mint digital currencies will have to register with the government and use renewable energy. The decree states that crypto mining is subject to mandatory registration while…

FTX CEO Sam Bankman-Fried Warns More Crypto Company Insolvencies Are Coming

Post Views: 483 In a recent interview, Sam Bankman-Fried, the founder of the popular exchange FTX, warned that some crypto exchanges are “secretly insolvent” and may soon fail. Bankman-Fried’s FTX and Alameda Research have already helped Blockfi and Voyager Digital as the 30-year-old billionaire says sometimes you have to do “what it takes to sort…

Circle Partners With New York Community Bancorp — Bank to Custody USDC Reserves

Post Views: 319 Circle Internet Financial has revealed a usd coin custody partnership with the American bank holding company New York Community Bancorp (NYCB). Under the agreement, NYCB’s subsidiary, New York Community Bank, will become a custodian for the company’s stablecoin reserves. On Tuesday, Circle announced that it is collaborating with NYCB, the parent company…

Biggest Movers: AVAX, SOL Slip by 14% on Wednesday, as Prices Near 1-Week Low

Post Views: 332 SOL was down by as much as 14% on Wednesday, as prices fell close to a one-week low earlier today. In addition to this, AVAX saw a similar decline, as the token dropped for a fourth consecutive session, with prices moving below $20. SOL was lower in today’s session, as prices fell…