During a recent event in Paris, the U.S. Federal Reserve chairman, Jerome Powell, discussed central banks’ role in the increasingly tokenized financial system. Jerome Powell Discusses Stablecoins Commenting on stablecoin regulations, the Fed chair, in the company of other prominent personalities, talked about the role of central banks. Speaking in the company of Christine Lagarde, … Read more
Europe faces a bleak economic outlook following a series of supply disruptions all over the bloc and the impact of the war between Russia and Europe on energy and food supplies. Investment Banking Giant Warns Investors as Stocks Plummet Willem Sels, HSBC’s global chief investment officer, revealed that investors should steer clear of Europe. In … Read more
Tether Limited Inc., the parent company of the USDT stablecoin, has announced a new development to its network as it announced that minting USDT tokens is now possible on the Polkadot blockchain. USDT Goes Live on Polkadot The latest development would see the largest stablecoin by market cap be minted on the Polkadot network. Tether … Read more
The world’s second-largest stock exchange has launched an ambitious drive to see the struggling crypto market reverse its dwindling market fortunes. Nasdaq Plans to Establish Digital Assets Units Bloomberg reported that the new crypto unit would cater to institutional investors’ demand for digital assets. Moreover, Nasdaq officials noted that the new department was established in … Read more
A Nigerian-based crypto startup, Yellow Card Financial, has closed a $40 million Series B funding round for its expansion across Africa. Yellow Card Seeks Crypto Adoption in Africa The African crypto exchange is the beneficiary of the U.S-based Polychain Capital funding initiative. Polychains’ Pan-African capital injection began in August 2021 as a Series A funding … Read more
More than 50 million transactions were recorded on the Cardano network, which set a new landmark since the announcement of the hard fork upgrade. Spoils of the Vasil Upgrade The announcement of the Vasil upgrade in June set the tone for the surge in transaction volume. However, at that time, the total number of dealings … Read more
Following the induction of Ethereum’s Proof-of-Stake (PoS) Merge on the mainnet, some Proof-of-Work (PoW) supporters picked up tokens from PoW chains, which analysts claimed could be harmful. Ethereum on PoW Users Are Prone to Attack Post Merge The Kyber Network (KNC) team, an experienced Ethereum-based DeFi hub, posted a Twitter thread on replay attacks. The … Read more
The CEO of Crypto Council for Innovation (CCI), Sheila Warren, seeks regulatory clarity for digital commodities amid calls for authorities to consider changes to the sector. CCI Founder Wants U.S. Senate to Clearly Define “Digital Commodity” U.S. lawmakers are currently considering the Digital Commodities Consumer Protection Act. Accordingly, Warren commended the lawmakers for taking the … Read more
The impending Ethereum merger has caused concern among institutional investors as the digital asset industry sees a surge in outflows of ETH from exchanges. Crypto Investment Products Plunge Amid Ethereum Merge CoinShares’ Digital Asset Fund Flows Weekly Report shows the number of outflows from exchanges. According to the report, crypto investment products experienced outflows totaling … Read more
Blockchain.com, a digital asset services solutions provider, has announced that it has been approved to operate in Dubai by the Virtual Assets Regulatory Authority (VARA). Blockchain.com Signs an MOU with VARA The virtual asset services provider revealed that it has partnered with Dubai’s regulatory body. A detailed statement from the firm disclosed that both its … Read more
