The Bahamas is taking steps to boost the adoption of its central bank digital currency (CBDC), known as the “Sand Dollar.” According to reports from Reuters on July 1, the country’s central bank governor, John Rolle, announced plans to provide access to the Sand Dollar through commercial banks. This move is aimed at accelerating the
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Circle’s recent announcement of receiving an e-money license from France marks a significant milestone in the global stablecoin market. By becoming the first global stablecoin issuer to comply with the EU’s Markets in Crypto-Assets (MiCA) regulations, Circle has positioned itself as a key player in the rapidly evolving digital currency landscape. The issuance of the
Sony Group, a prominent conglomerate in Japan, has made headlines with its recent acquisition of Amber Japan, leading to the launch of a crypto exchange. The WhaleFin exchange, now under Sony’s ownership, will be rebranded as S.BLOX Co. This move signifies Sony’s entrance into the world of cryptocurrencies, expanding its portfolio beyond gaming, music, and
In a groundbreaking move, Futureverse, a company at the forefront of AI and metaverse technologies, has joined forces with Animoca Brands, a renowned player in digital property rights and blockchain-based entertainment. This partnership marks a significant milestone in the tech industry as the two companies work together to revolutionize the future of the metaverse. The
The month of June was a rollercoaster for Bitcoin investors, filled with extreme volatility and sharp price movements. After hitting a high of $72,000 and dropping to a low of $58,000, the bears ultimately prevailed, pushing the price down by 7.12%. Will July Bring Relief? Many investors are now wondering if July will bring relief
Keith Gill, also known as “Roaring Kitty,” has gained popularity and notoriety for his involvement in the GameStop stock frenzy of 2021. However, recent developments have brought forth allegations of securities fraud against him. A class-action lawsuit filed in the Eastern District of New York accuses Gill of orchestrating a “pump and dump” scheme through
Bitcoin, a pioneer in the cryptocurrency markets, has long been known for its round-the-clock accessibility. However, a recent report by Kaiko has shed light on a concerning trend – a significant decrease in BTC weekend trading volumes. The data reveals a sharp decline from 28% in 2019 to a mere 16% in 2024, signaling a
The Blast Network has made a significant impact in the web3 world, particularly in the realm of Ethereum Layer 2 (L2) solutions. Launched in February 2024 by the creators of Blur NFT marketplace, the Blast Network introduced its Blast Mainnet to address the challenges of high transaction fees and network congestion experienced on the Ethereum
Vitalik Buterin, one of the co-founders of Ethereum, has once again raised concerns about the state of cryptocurrency regulation, particularly in the United States. He recently took to Warpcast, a decentralized social media platform, to highlight what he views as a regulatory paradox that is hindering the growth and integrity of the industry. Buterin pointed
In the rapidly changing landscape of digital finance, the emergence of crypto assets has posed significant challenges for regulators across the globe. The European Union has taken proactive steps by introducing the Markets in Crypto-Assets regulation (MiCAR) framework which aims to provide a harmonized prudential and business conduct framework for crypto-asset services. However, a critical
