Russian Banking Giant to Start CBDC Testing This Month
The Bank of Russia (BoR) has announced the start of CBDC trails starting 15th August. The bank has created a network of 13 banks under...
Central Bank of Brazil Unveils Name and Logo of CBDC
Brazil joined a select few countries whose central bank digital currency (CBDC) project entered an advanced phase. The country unveiled the CBDC name as DREX...
Binance has Become a Regulated Trading Platform in El Salvador
Binance exchange has scored yet another regulatory win during a period of massive turmoil. The El Salvador wing of Binance has acquired a trading license...
Fireblocks Harbor Significant Susceptibility Impacting Crypto Wallets
According to Fireblocks, the rectification of susceptibilities impacting Binance, Coinbase, and Zengo has occurred. Further, more than 12 others at risk have been contacted. Fireblocks,...
PayPal to Issue USD-Backed Stablecoin on Paxos
PayPal is a digital payment platform. It has decided to venture into the stablecoins market recently. To this effect, the company has announced a new...
Huobi Crypto Exchange Battling Insolvency Rumors as Exchange Suffers Huge Outflows
Huobi crypto exchange faces a bleak future as the platform suffers huge outflows. Crypto analyst Adam Cochran decried the dismissive remarks by the community manager,...
Coinbase Commits to Stay in US Despite Legal Uncertainty
Coinbase Exchange is currently facing a lawsuit from the Securities and Exchange Commission. The lawsuit was initiated on 6th June alleging the exchange of dealing...
US Senators Urge Biden Administration to Address North Korea’s Use of Cryptocurrencies
Senator Elizabeth Warren has recently gathered a group of like-minded legislators to petition for crypto-related sanctions. The Senator has directed the attention of the White...
Crypto Exchange Binance Adds Shiba Inu (SHIB) as Collateral Asset
Binance has recently announced the addition of 22 cryptocurrencies for debt options. The crypto exchange has announced that it is accepting the nominated currencies as...
FTX Asks Court to Exclude its Dubai Subsidiary from Bankruptcy Proceedings
FTX exchange filed for bankruptcy proceedings in 2022. At the same time, 102 branches of FTX were added subsequently to the Chapter 11 proceedings. However,...