Category: Blockchain

Branded as the only Carbon-neutral country globally, Bhutan has tapped the services of blockchain payments firms Ripple Labs Inc to design its Central Bank Digital Currency (CBDC), the Digital Ngultrum. As announced by Ripple, Bhutan’s central bank, the Royal Monetary Authority (RMA), will use the XRP Ledger solution to launch its CBDC in phases. The

The U.S. Treasury Department has announced that it will impose a sanction on the Suex cryptocurrency exchange, which is registered in the Czech Republic. On Tuesday, September 21, the U.S. Treasury Department disclosed taking such an action against the Suex crypto exchange for allegedly playing a role in facilitating financial transactions for ransomware actors. Deputy

A major Brazilian investment bank, Banco BTG Pactual S.A. (BTG Pactual), has announced that it plans to unveil a platform for blockchain-based investments. BTG Pactual, one of the five largest financial institutions in Brazil, is also the biggest investment bank in Latin America and the Caribbean. The investment bank recently stated that it is working on

Bitcoin (BTC) was fallen by 7.51% in the last 24 hours to hit $42,401 during intraday trading. The average 30-day returns sank by at least 6%, hitting an 8-week low.  Reportedly, this price drop was triggered by the financial crisis experienced by China Evergrande, a leading Asian property developer. Therefore, the major liquidity challenge witnessed

The fall down of the Chinese real estate giant Evergrande Group swept the entire cryptocurrency market. Evergrande’s financial crisis caused investors to worry about China’s catastrophic debt default, which caused panic selling in the market. Bitcoin and Ethereum are the first to bear the brunt, and the entire cryptocurrency market value has evaporated by $250

Today on Tuesday, September 21, top cryptocurrencies have dropped their values by double-digits amid a bearish week for the S&P 500 index and China’s property giant Evergrande’s debt crisis. All the entire top crypto assets are trading lower at 09.00 Eastern Time and the cryptocurrency market has wiped out more than $200 billion for the

According to a Bloomberg report, Zero-commission financial trading platform Robinhood is low-profile testing new crypto wallet features for its customers, which will allow users to send and receive cryptocurrencies. Reportedly, Robinhood users currently can only use U.S. dollars to buy cryptocurrencies and trade digital assets on the platform but cannot withdraw the encrypted assets. This

Coinbase Global has cancelled its plan to launch its cryptocurrency lending product designed to allow customers to earn interest on certain digital tokens. The crypto exchange announced the change of its plan by quietly updating a blog post from last June, stating that it would not launch the USDC APY program announced and also would

The Boston Blockchain Association (BBA) has joined a working group of blockchain-centric firms to publish a functional toolkit that will come in handy in serving as a guide to Massachusetts lawmakers in their efforts to create a favourable regulatory environment for the Commonwealth. As part of the toolkit and the recommendations to the Massachusetts lawmakers,