A red-hot Ethereum (ETH) scaling solution has seen its recent price surge matched by an all-time high in daily transactions. The crypto research firm Delphi Digital notes that Optimism (OP) hit 691,00...
Tag: Digital
Digital Dollar Project pushes US cooperation on CBDC
An updated version of “Exploring a US CBDC,” a white paper by The Digital Dollar Project (DDP), was made available on Jan. 18. Even though the project’s primary focus is the United States, it has expa...
Argo Blockchain Sells Mining Facility to Galaxy Digital to Stay Afloat
Argo Blockchain – one of the largest and most powerful digital currency mining enterprises in the world – has announced a new plan that will allow it to avoid bankruptcy and become another company tha...
Crypto Winter Chills at Digital Currency Group, Coinbase
Digital Currency Group, a crypto conglomerate that owns CoinDesk, is suspending its dividends until further notice. “In response to the current market environment, DCG has been focused on streng...
NAB Introduces Stablecoin To Enhance Digital Economy
The massive potential and ability of blockchain, as well as stablecoins, have resulted in the growing awareness of the technology, and its continuous adoption attracts big firms and entities to utiliz...
Ukraine to Be Best Crypto Jurisdiction With New Tax Rules, Digital Minister Says in Davos – Regulation Bitcoin News
Ukraine will become the world’s best jurisdiction for crypto assets, the minister overseeing the country’s digital transformation promised. Speaking with media at the World Economic Forum in Davos, My...
Eurozone Finance Ministers Pledge Support for Digital Euro Project, Talk Privacy – Finance Bitcoin News
The ministers of finance of the countries in the eurozone reaffirmed their support for efforts to prepare for the potential launch of a digital euro. Meanwhile, the single currency area’s monetary aut...
Digital Currency Group Hits the Brakes on Dividends in Order to Conserve Liquidity
Digital Currency Group claims that it is aiming to rebuild its balance sheet by cutting operational costs and conserving liquidity. Barry Silbert founded DCG in 2015. Digital Currency Group (DCG), a v...
Digital Identity Management Solutions Global Market Report 2023: Increasing Frequency & Sophistication of Authentication & Identity Frauds in the BFSI Sector Drives Growth – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Digital Identity Management Solutions Market by Type, Offering, Application, Identity Type, Authentication Type, Organization Size, Deployment Mode, Sector – Global Forecas...
FTX Identifies $415 Million Hack amongst Recoverable $5.5 Billion Digital Assets
Embattled crypto exchange FTX fingered a $415 million hack from November as part of assets recovered to pay off creditors. Fallen crypto exchange FTX has identified a $415 million crypto hack as part ...
Does The Future Of Digital Assets Hinge On The Ripple Lawsuit’s Outcome? Experts Weigh In.
Cryptocurrencies have spent the majority of 2022 in a slump caused by scandal, financial losses, and a public perception issue after reaching a high market value of $3 trillion in 2021. The FTX colla...
Digital Currency Group Suspends Dividends Amid Regulatory Trouble With Subsidiary Genesis – Bitcoin News
According to a shareholders’ letter from Digital Currency Group (DCG) viewed by finance and crypto publication Coindesk, the company has suspended dividends until further notice. This news follows the...
Digital Currency Group Suspends Payouts To Maintain Liquidity
In an effort to maintain its existing level of liquidity, the venture capital company Digital Currency Group (DCG) has informed its shareholders that it would temporarily suspend the payment of its qu...
Georgia Takes the Digital Leap: Lari Goes Virtual in 2023
According to Gvenetadze, digital currency will be just as valuable and legitimate as banknotes and coins. Governor Koba Gvenetadze announced on Wednesday that the Georgian central bank intends to laun...
Digital Currency Group (DCG) Suspends Dividends To Save Cash
The Digital Currency Group is halting dividend payments in a bid to maintain liquidity. Distressed subsidiaries, including Genesis, have prompted DCG to make this decision. The company’s CEO has been ...
Seven Seven Six leads $9.5 million Series A for digital fashion brand Syky
Digital fashion brand Syky completed a $9.5 million Series A round led by Seven Seven Six. Brevan Howard Digital, Leadout Capital, First Light Capital Group, and Polygon Ventures also joined the...
Crypto giant Digital Currency Group halts dividend payments: Coindesk
Crypto giant Digital Currency Group (DCG) has suspended its quarterly dividends, according to a shareholder letter seen by Coindesk. “In response to the current market environment, DCG has...
Alameda’s $65B ‘backdoor’; Thailand’s digital wallet system
The biggest news in the cryptoverse for Jan. 17 saw court proceedings reveal that Alameda Research had a $65 billion artificial credit line at FTX. Meanwhile, Thailand has created a mandate that will ...
What Makes LUNA Special, and is The Digital Asset Favorable?
Join Our Telegram channel to stay up to date on breaking news coverage There has been a significant correlation between LUNA’s price and the premier digital asset, Bitcoin. As the new year began, BTC ...
Digital Asset Funding Landscape presented by HashKey Capital
The Block Research was commissioned by HashKey Capital to produce The Digital Asset Funding Landscape, which provides an in-depth study of investments in crypto since 2017. The digital asset landscap...
Thailand’s SEC mandates exchanges to establish digital wallet management system
The Securities and Exchange Commission (SEC) of Thailand has mandated digital asset providers to establish a digital wallet management system to ensure the safety of customers’ assets. The SEC o...
Bank of England governor questions need for digital pound
Andrew Bailey, the Bank of England (BoE) governor, expressed skepticism on the need for a digital pound shortly after finance ministers from eurozone countries backed further work on a digital euro. ...
EU Finance Ministers’ Group Wants Digital Euro to Offer Privacy
As per finance Ministers, Digital Euro must offer privacy as well as transparency. Eurogroup said that CBDC could encourage the Bloc’s autonomy benefit citizens and businesses. Finance Ministers are c...
EU finance ministers’ group state political aspects of digital euro
The Eurogroup reaffirmed its support for digital euro research but underlined that some of the design and application features under consideration would necessitate political decisions. Following a me...
UK Central Bank Governor Queries the Necessity of Digital Pound
5 hours ago | 2 mins read News As per Andrew Bailey, the UK has a wholesale central bank money settlement system. The euro-zone finance ministers recently conveyed their support for the continuing dev...
BNY Mellon explores digital asset custody services for Asian market – Cryptopolitan
BNY Mellon, the world’s largest custodian bank, is exploring the possibility of offering digital asset custody services in Asia. This news has been met with enthusiasm by many in the crypto community,...
EU finance ministers demand an unprecedented level of privacy with digital Euro – Cryptopolitan
European finance ministers are seeking to create a digital euro that is both secure and accessible as several central bankers push forward with testing the project in 2022. The European Central Bank (...
Digital euro can’t be programmable: Eurogroup
The European Council’s Eurogroup said on Jan. 16 that any eventual digital euro cannot be programmable and must be automatically convertible to traditional assets. Digital euro must not be programmabl...
European Union Moves See Strategic Value in Digital Euro
The European Union is taking some steps forwards for its digital euro, having discussed some proposals and begun market research. However, some actions might need political support. The European Union...
Financial Giant Linked With Galaxy Digital Plans To Buy FTX Japan
Japanese financial services company Monex Group plans to buy FTX Japan, the Japanese subsidiary of Sam Bankman-Fried’s beleaguered crypto exchange FTX. The move comes after the bankruptcy court approv...