In recent years, there has been a significant shift in the global economic ecosystem as emerging powers challenge the dominance of the US dollar in international trade. China and Saudi Arabia, key players in the BRICS alliance, are leading this movement. They have signed a currency swap agreement valued at $6.93 billion, conducted entirely in […]
The U.S. Securities and Exchange Commission (SEC) has been holding meetings with Grayscale and BlackRock regarding the approval of Bitcoin ETF applications. Grayscale’s meeting focused on a proposed rule change that would allow NYSE Arca to list and trade shares of their spot Bitcoin ETF. BlackRock’s meeting discussed a proposed rule change that would permit […]
Ripple’s XRP has emerged as a potential solution to the problems of instant payments in the United States. While the country lags behind others in implementing an effective instant payments system, XRP offers an efficient alternative to the slow progress of the Federal Reserve Bank’s FedNow service. With its promise of efficient cross-border transactions and […]
The Bank of China’s Shanghai branch has successfully completed the first-ever cross-border settlement for precious metals using the digital yuan central bank digital currency (e-CNY CBDC). The settlement, which took place on December 20, involved the transfer of 100 million yuan ($14 million) e-CNY CBDC received overseas for gold via the Shanghai Financial Exchange International […]
Bitcoin (BTC) has been performing exceptionally well, surpassing traditional financial institutions with a market cap of around $841 billion. Despite regulatory crackdowns, Bitcoin continues to attract significant cash inflows, maintaining its dominance in the crypto market.Renowned crypto analyst PlanB predicts that Bitcoin could reach its all-time high (ATH) of $69k in the coming months. PlanB […]
Ordinals inscriptions, also known as “NFTs on Bitcoin,” have become a popular trend in recent weeks. While they are loved by fans and appreciated by miners looking to make a profit, they have also faced criticism from blockchain purists. These inscriptions have experienced a resurgence, driving up Bitcoin transaction fees to an all-time high.Not only […]
Bitfinex Securities has successfully raised $5.2 million through one of the world’s first tokenized bonds. The bond, issued by Alternative, a securitization fund under microfinancing platform Mikro Kapital, was denominated in Tether (USDT) and issued on the Liquid Network. The tokenized bond, named ALT2612, has a 36-month tenor and offers a 10% coupon.This achievement is […]
The head of South Korea’s Financial Supervisory Service (FSS), Lee Bok-hyun, is reportedly planning to meet with the chair of the United States Securities and Exchange Commission (SEC), Gary Gensler, to discuss cryptocurrency regulation. Lee is expected to visit the SEC in January and arrange a meeting with Gensler to discuss the current state of […]
XRP, the native cryptocurrency of Ripple, has experienced significant developments in 2023. The token has seen ups and downs, with a notable rally in July that pushed the price above $0.80. The future price of XRP is a topic of debate among analysts, with predictions ranging from an 800% rally to reaching $5.50.Positive sentiments are […]
Hardware wallet provider Ledger has announced that it will fully compensate users who were impacted by a recent vulnerability in its ConnectKit library. The compromise resulted in the theft of approximately $600,000 in digital assets from users who blind-signed on Ethereum virtual machine (EVM) decentralized applications (dApps). Ledger has committed to reimbursing the affected individuals […]
