Category: Blockchain

New York-based forensic financial research firm Hindenburg Research offers a $1 million bounty to anyone who can provide information about Tether’s stablecoin reserves. According to the research outfit, Tether, despite a number of regulatory sanctions from the U.S. authorities, has refused to provide precise details about the counterparties holding the commercial papers it claims are

In a bid to advance the national integration of its Central Bank Digital Currency (CBDC) dubbed the Digital Renminbi (e-CNY), Chinese authorities are reportedly mounting pressure on McDonald’s as well as other American firms to expand their acceptance of the e-CNY. Before this time, McDonald’s has been receiving payments through the digital Renminbi in about

A few days after ProShares debuted the first-ever Exchange-Traded Fund linked to Bitcoin futures in the US public markets, VanEck asset management firm announced plans to launch such a product. According to a post-effective filing with the US Securities and Exchange Commission on Wednesday, October 20, VanEck revealed that it had secured approval from the market

Ghana is working on developing offline usability for its upcoming Central Bank Digital Currency (CBDC) to ensure that all segments of society use digital currency. Speaking at the Ghana Economic Forum on Monday, October 18, Kwame Oppong, the head of fintech and innovation at the Bank of Ghana (BoG), announced that the effort to bring

A new report issued by the United States Treasury Department revealed that digital currencies are posing a critical impediment to its sanctions policies, a trend it is determined to put an end to.  Cryptocurrencies as a Tool to Bypass U.S. Sanctions Per the 9-page report, the Treasury Department highlighted digital currencies as one of the

The crypto community is waiting with bated breath for Bitcoin to break the all-time high (ATH) price of $64,800 set in mid-April. This scenario might play out soon because BTC was hovering around $64,100 during intraday trading, according to CoinMarketCap. This uptrend has made the number of Bitcoin addresses in profit reach a record high

On Wednesday, October 20, prices of several major crypto assets have seen big gains, most notably, Bitcoin (BTC), Ethereum (ETH), Polkadot (DOT), among others, according to CoinMarketCap. The overall cryptocurrency market is also approaching an all-time high, hitting above $2.5 trillion on Monday and continued climbing on Tuesday. The impressive trends continue to be witnessed

Grayscale Investments LLC, the world’s biggest digital currency asset management firm, has filed with the U.S. Securities and Exchange Commission (SEC) to convert its Grayscale Bitcoin Trust (GBTC) into a physical or spot-based Bitcoin ETF. Michael Sonnenshein, the CEO of Grayscale, made such an announcement in an interview on Tuesday, October 19, stating that the company

On Tuesday, October 19, Facebook Inc announced that it has launched its new digital wallet for crypto assets called Novi and has hired Coinbase cryptocurrency exchange to be its custody partner. According to the statement, Facebook is currently rolling out Novi digital wallet based on a small pilot program in The U.S. and Guatemala to