Category: Blockchain

The US Federal Reserve said that the introduction of an official digital version of the U.S. dollar could benefit Americans but it may also potentially affect financial stability and privacy. Although the Fed’s long-awaited discussion paper did not make any policy recommendations nor did it give a clear signal for the launch of a central

Despite being the new kid on the crypto block, non-fungible tokens (NFTs) are stamping their authority as trendy digital assets based on increased adoption. For the first time, monthly NFT trading volume breached the $4 billion level on OpenSea – the world’s biggest NFT marketplace, according to data from market insight provider Dune Analytics. This

Wallet Street Venture Capital firm, Andreessen Horowitz (a16Z) is rallying investors for a $4.5 billion dual fund targeted at making strategic investments in the cryptocurrency ecosystem. According to the Financial Times, $3.5 billion is billed to be earmarked for its newest cryptocurrency enterprise fund, while $1 billion will be reserved for strategic investments in crypto

Twitter announced Thursday that it was rolling out an official verification mechanism for NFT avatars, allowing some users to set the NFTs they own as their profile picture. The Twitter avatar of the verified NFT will be different from the normal avatar. The new NFT avatar will get a nice hexagonal border instead of a

New York City’s new mayor Eric Adams said that his first paycheck will be converted into Bitcoin and Ethereum via Coinbase Global. The mayor – a major crypto proponent – made a promise last year during his election campaign that he would take his first three paychecks in cryptocurrency and strive to make New York

Robinhood’s crypto wallet is officially live, allowing the first 1,000 users to make crypto withdrawals. Last November, Robinhood Markets has announced that 1.6 million people are on the waitlist for its cryptocurrency wallet. But the first 1,000 people who are currently on the waiting list to sign up for a “wallet” can participate in this beta

With more than 400 confirmed customers affected in its platform hack this Monday, Crypto.com has announced a new set of initiatives to combat future occurrences and also to protect its users. Sharing the update about the incident, Crypto.com said unauthorized withdrawals totalled 4,836.26 ETH, 443.93 BTC and approximately US$66,200 in other currencies.  Based on this,

The Central Bank of Russia (CBR) is going on the offensive in relation to the digital currency ecosystem in the country as the apex bank is calling for a blanket ban on crypto-related activities. In a newly published report titled “Cryptocurrencies: Trends, risks, measures,” the bank draws a close comparison between the nascent world of

The Central Bank of Iran (CBI) is taking its favour for digital innovation to a new level, possibly introducing its Central Bank Digital Currency (CBDC) within a short period. As reported by the Iranian Labor News Agency (ILNA), CBI vice Governor for IT Affairs, Mehran Moharamian, said the CBI sees cryptocurrencies as a solution for