There is currently a central bank digital currency (CBDC) experiment ongoing in Saudi Arabia, which is being carried out by the central bank in conjunction with fintechs and local banks. The central bank revealed that the CBDC they are experimenting with is…
The Republic of Kazakhstan’s watchdog over cryptocurrencies and their activities has just taken major action against the crypto exchanges. The reports revealed that it is Kazakhstan’s Financial Monitoring Agency (FMA) that has decided to take action against the cryptocurrency exchanges operating in…
Crypto exchange Gemini, which is headed by the Winklevoss brothers, is contemplating the idea of filing a lawsuit against the Digital Currency Group (DCG) and its CEO Barry Silbert. The company will take legal action if no repayment plan is offered for…
After the spectacular implosion of the FTX crypto exchange, regulatory authorities have been sharpening their weapons because the exchange misused customer funds and its aftermath has disrupted the entire industry. Regulatory authorities are already working on new rules for controlling crypto exchanges,…
One of South Korea’s biggest cryptocurrency exchanges ‘Bithumb’ recently researched what the market sentiment will be in 2023. The researchers found that most investors are hopeful for a better 2023 and willing to invest more in digital currencies. This shows that in…
In the past couple of years, several countries have adopted cryptocurrencies. However, the majority of these countries have adopted cryptocurrencies in a regulated and controlled manner. While most countries are trying to adopt cryptocurrencies in a very hesitant manner, one country decided…
Sber is the largest banking institution in Russia and it has developed a blockchain platform that is now issuing gold-based digital assets. The price of physical gold will determine the value of the tokenized gold-based digital assets and the bank emphasized that…
The former Ripple official has recently claimed that smart contracts will soon be added to XRP’s ledger. As a result of this claim, the price of XRP has risen a bit. The price of cryptocurrency increased by 1.1% over the past 24…
This year has seen crypto trading volumes in India record significant declines. The problem has only been exacerbated due to the downfall of the FTX crypto exchange, as it has hurt investor sentiments. According to local crypto experts, it is highly unlikely…
On Tuesday, the trading price of XRP experienced a surge as its value went to a higher level. The data shows that the trading price of XRP experienced a 2.84% surge in the past 24 hours. The surge was able to reverse…
