Qatar Central Bank in ‘foundation stage‘ of launching digital currency
The bank is exploring technological solutions and platforms for its own digital currency. The 2.8-million nation of Qatar is going to join a growing range of countries experimenting with the central bank digital currency (CBDC) concept. The Qatar Central Bank …
Crypto.com scores approval from Singapore finance regulators
The cryptocurrency exchange will get a Major Payment Institution License from the country’s top financial regulator. Major Singapore-based cryptocurrency exchange Crypto.com received in-principle approval from the Monetary Authority of Singapore (MAS) for its Major Payment Institution License. The license will …
Crypto brokerage FalconX raises $150M at $8B valuation
FalconX is the latest cryptocurrency firm to secure millions of dollars in fresh funding despite the cryptocurrency markets experiencing a major decline. Despite the ongoing bearish trend in cryptocurrency markets, venture capital firms continue pouring capital into major industry players …
Meet the Snoop Dogg impersonator who walked around NFT.NYC
Doop Snogg, the impersonator, was hired to “drum up excitement” at the NFT.NYC conference. A man impersonating the hip-hop icon Snopp Dogg went around NFT.NYC to fire things up at the nonfungible token (NFT) event. While the intention was to …
Tether to launch GBPT stablecoin pegged to British pound sterling
Tether expects to be part of industry innovation in the United Kingdom as the country is planning to adopt stablecoins as a means of payment. Major stablecoin company Tether is expanding its stablecoin offering with a new cryptocurrency pegged to …
Solana whale moves $25M of USDC debt from Solend to Mango Markets
The move reduces the utilization of USDC within the Solend platform and allows users to withdraw their assets once more. The Solana (SOL) whale that was subjected to the potential takeover by a recent Solend governance vote has gotten in touch …
USDC’s ‘real volume’ flips Tether on Ethereum as total supply hits 55.9B
At least on the Ethereum network, USDC real volume has nearly doubled that of USDT in the past 24 hours which could be another sign that the top stablecoin’s dominance is coming to an end. USD Coin is taking a …
Crypto influencers allegedly weaponize conspiracies to fleece QAnon followers
Mixing conspiracy theories, a distrust for traditional institutions and hopium in crypto, two influencers are alleged to have made millions using pump-and-dump schemes. Two QAnon-affiliated conspiracy theorist influencers allegedly caused their followers millions of dollars in losses by running a …
Twitter board recommends shareholders vote for Elon Musk’s takeover
The board stated that Twitter will be hosting a virtual meeting at an unspecified date to vote on the merger ahead of its deadline on Oct. 24. The Twitter board has unanimously recommended that shareholders vote in favor of Elon …
Blockchain isn’t as decentralized as you think: Defense agency report
The report published Tuesday highlights several scenarios in which various actors can garner excessive, centralized control of a blockchain system. Distributed ledger technology (DLT) and blockchains including Bitcoin and Ethereum may be more vulnerable to centralization risks than initially thought, …