Well-known global financial messaging service, SWIFT, is set to test a Central Bank of Digital Currency (CBDC) by interconnecting multiple CBDC networks to execute cross-border payments.
Category Archives: Blog
In the midst of the Terra disaster, Do Kwon, the company’s founder, is being investigated by South Korean authorities for possible tax evasion and has responded in a Twitter thread that his firm will cooperate with the probe and that Terraform Labs has no outstanding tax liabilities in Korea.
The Twitter account of non-fungible token (NFT) artist Mike Winkelmann, widely known as Beeple, was briefly hacked on May 22 and used to promote a couple of phishing scams to drain over $438,000 (roughly Rs. 3.4 crore) from victims.
Swiss luxury watchmaker Tag Heuer has decided to sell its high-end watches for payments in cryptocurrencies. Watches costing as high as $10,000 will be eligible for purchase via cryptocurrencies. Earlier this month, luxury fashion house Gucci started accepting crypto payments in the US
Bitcoin moved beyond the $30,000 (roughly Rs. 23.5 lakh) mark on Sunday, but the largest cryptocurrency is still behind by roughly 4 percent in order to put an end to the record-breaking bearish streak on a week-on-week scale.
OpenSea NFT marketplace has launched a similar website, but in a decentralised format. The platform will let buyers and sellers get into smart contracts, in order to make transactions safer, surer, and more transparent. OpenSea will not be controlling this new decentralised marketplace. The platform has called out to smart contract makers to optimise, simplify,…
India must establish rules on cryptocurrencies to resolve regulatory uncertainty, protect investors, and boost its crypto sector, says CoinSwitch CEO Ashish Singhal on Sunday.
Recently, Coinbase crypto exchange, said in an SEC filing that in the event of a company bankruptcy, people holding crypto assets on its platform could lose direct claims to their ownings. Here we explore the types of crypto wallets that are available as alternatives to storing your crypto assets with centralised exchanges.
Central Moscow-located Butyrka prison was being used as an illegal crypto mining centre. When mining equipment was identified inside the prison premises, an investigation was launched into the case. Over 8,400 kW of electricity is estimated to have been used between November 2021 and February this year, by people who were minting cryptocurrencies from inside…
India’s central bank, the Reserve Bank of India (RBI), has warned about investing in the crypto market following the collapse of cryptocurrency Terra (LUNA) and stablecoin TerraUSD (UST).