The National Bank of Georgia (NBG) has partnered with Ripple to launch a pilot program for a central bank digital currency (CBDC) called the Digital Lari. Ripple’s CBDC platform, built on a private version of the XRP ledger, will enable the NBG to mint, manage, and redeem CBDCs in a flexible and scalable manner. Ripple […]
SafeMoon, a once-promising cryptocurrency, is now embroiled in a scandal of massive proportions. Its founder and top executives are facing charges of fraudulent activities and money laundering, as alleged by the US Department of Justice. This has sent shockwaves through the crypto community and raised concerns about the integrity of digital currency investments.According to the […]
PayPal, the global payments firm, has received a subpoena from the US Securities and Exchange Commission (SEC) regarding its PYUSD stablecoin. The subpoena requests the production of documents, and PayPal has stated that it is cooperating with the SEC in connection with this request. This comes as regulatory scrutiny around stablecoins increases, with Circle, the […]
The United Kingdom’s new rules for promoting crypto assets have caused confusion and a lack of compliance among firms. In response, the Financial Conduct Authority (FCA) has issued additional guidance to help crypto firms adhere to the rules. The FCA’s guidance, released on November 2, aligns with existing rules for high-risk investments and aims to […]
Ripple has received official approval from the Dubai Financial Services Authority (DFSA) for its XRP cryptocurrency token. This means that licensed firms in the Dubai International Financial Centre (DIFC) can now incorporate XRP into their virtual asset services. The DFSA’s virtual assets regime now allows for four digital assets, including Bitcoin (BTC), Ethereum (ETH), Litecoin […]
St. Galler Kantonalbank (SGKB), one of Switzerland’s oldest banks, has made a significant move into the world of cryptocurrency. Through a partnership with SEBA Bank, SGKB now offers its clients the ability to trade and store Bitcoin (BTC) and Ethereum (ETH). This expansion into digital assets puts SGKB at the forefront of Swiss banks embracing […]
SFM, the native cryptocurrency of SafeMoon, has experienced a significant price drop of 65% in just one day. This decline comes after the arrest of the project’s founders, John Karony, Kyle Nagy, and Thomas Smith, on fraud charges. The price of SFM plummeted from $0.0002025 to $0.0000718 as investors rushed to sell their holdings in […]
SFM, the native cryptocurrency of SafeMoon, has experienced a significant price drop of 65% in just one day. This decline comes after the arrest of the project’s founders, John Karony, Kyle Nagy, and Thomas Smith, on fraud charges. The price of SFM plummeted from $0.0002025 to $0.0000718 as investors rushed to sell their holdings in […]
The United Kingdom’s National Crime Agency is establishing a specialized digital assets team and is looking to hire six crypto investigators. These investigators will be responsible for conducting advanced tracing on blockchains and providing specialist advice and guidance to support new and existing investigations. The base salary for the role has been criticized by some […]
Sandeep Nailwal, co-founder of Polygon (formerly known as Matic Network), has always had a burning desire to achieve greatness. Growing up in poverty in a Delhi ghetto, he was determined to make a big impact and not settle for mediocrity. Despite reaching a $19 billion market cap and becoming one of the top 10 cryptocurrencies, […]
