Blockchain & Cryptocurrency News

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Wed, 30 Nov 2022, 09:33 AM
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Crypto exchange FTX resumes paying employees and contractors who were unpaid since its bankruptcy filing

Putin wants a blockchain-based international settlement network

Russian President Vladimir Putin is calling for a blockchain-based international settlement network. The new network envisioned by Putin will be totally independent of banks and the interference of countries, which is...

Metaverse could add $1.4T annually to Asia’s economy driven by its younger consumers

Facebook and other tech companies are busy positioning themselves to take advantage of the projected rise in the metaverse economy by investing in metaverse-related projects. A recent study predicts that the metaverse...

Binance’s Bitcoin POR statistics show 582,485 BTC on-chain reserves and a reserve ratio of 101%

The recent collapse of the crypto exchange FTX has placed the spotlight on other players in the digital assets industry who must now prove to their customers that they remain financially sound. This includes the ability of...

Japan partners with three megabanks for a pilot of its digital yen in 2023

Japan is still undecided on whether or not it will issue a central bank digital currency or CBDC. However, this uncertainty has not stopped the Bank of Japan (BOJ) from experimenting with a potential digital yen. The...

India’s retail CBDC project in its final stages and will undergo pilot testing in December

India is reportedly in the final stages of its retail central bank digital currency (CBDC) project. The Reserve Bank of India (RBI) is about to conduct a pilot of the digital rupee, which is expected to start next...

Bitcoin is designed to survive the failure of any giant in the crypto industry, says Samson Mow

The recent collapse of the crypto exchange FTX has sent crypto prices plunging with Bitcoin falling $16,000 at one point before recovering. Despite the recent chaos in the digital assets markets, BTC proponent Samson Mow...

Uzbekistan regulator issues licenses to two crypto firms

Uzbekistans regulatory body for the countrys crypto sector has issued licenses to two firms that plan to offer exchange services. The agency said that the decision to authorize the operations of the two companies is to...

Brazil’s Itau Unibanco to start offering crypto custody services in Q2 2023

One of Brazils largest banks, Itau Unibanco, will start offering crypto custody services next year. The new services will be handled by the banks cryptocurrency unit called Itau Digital Assets, which will be initially...

Crypto exchange Binance rules out India expansion citing taxation issues

Crypto exchange Binance does not see India as a viable location for its business. This was revealed by CEO Changpeng Zhao (CZ) who cited the countrys strict tax regime, adding that his company prefers countries where...

Business

Australian company raises funds to expand Bitcoin mining capacity Fri, 18 Nov 2022, 05:12 am UTC

While the collapse of crypto exchange FTX continues to grab headlines, some crypto firms remain unaffected by the turbulent climate in the space and are moving ahead with their expansion plans. For instance, Australian...

Bahamas authorities investigate crypto exchange FTX for criminal misconduct

Goldman Sachs launches new service designed to help investors analyze crypto markets

Crypto exchange Binance reverses decision to acquire FTX

Technology

Crypto exchange Deribit suspends withdrawals after BTC, ETH, and USD wallets hack Wed, 02 Nov 2022, 10:05 am UTC

Crypto derivatives exchange Deribit announced that it is temporarily suspending withdrawals from its platform. The move is in response to a recent hack that compromised its Bitcoin (BTC), Ether (ETH), and USDC...

Visa and JPMorgan team up to provide more streamlined blockchain-based cross-border payments solutions

Bitcoin and Ether payments are accepted by McDonald’s outlet in Lugano, Switzerland

Sega partners with Double Jump Tokyo to develop a blockchain game

Investing

Bitcoin family continues to buy BTC despite losing $1M this year Wed, 06 Jul 2022, 08:10 am UTC

Even the Bitcoin family was not spared from the effects of the current crypto downturn and is down more than $1 million on their BTC investment since the cryptos all-time high of around $69,000 in November 2021. However,...

El Salvador buys the dip adding 80 Bitcoins to its stash

Bitcoin is a rare wealth creation opportunity, says Ric Edelman

Crypto exchange Binance launches a new platform targeting institutional investors and VIPs

Insights

Aussie consumers could save $2.7B by using crypto, CBDC while adding $40B a year to the country’s GDP Wed, 30 Nov 2022, 09:08 am UTC

Numerous studies have already been conducted assessing the impact of the increasing adoption of crypto and other digital assets. A recent study in Australia projects that consumers and businesses could save billions of...