The finance ministers from the eurozone countries have released a statement on the introduction of the digital euro after a meeting in Brussels. The Eurogroup meets regularly to discuss political dime...
Tag: Digital
MIT & Mass General Hospital Have Developed An AI System That Can Detect Lung Cancer
Lung cancer is a devastating disease. According to the World Health Organization, lung cancer is one of the most common causes of death worldwide, accounting for nearly 2.21 million cases in 2020 alon...
Georgia Prepares to Launch Digital Lari Pilot in First Half of 2023 – Finance Bitcoin News
The central bank of Georgia intends to publish a document detailing the concept of a national digital currency in the coming months. Other participating parties will use it to finalize their proposals...
Thailand’s banking sector goes digital: BOT to permit virtual banks by 2025
Thailand aims to boost competitiveness and economic growth by permitting virtual banks By 2025, the Bank of Thailand (BOT) intends to permit the creation of virtual banks. This marks a significant ste...
First Ever Digital Assets Subcommittee Commenced by Lawmakers in US
A subcommittee on “Digital Assets, Financial Technology, and Inclusion” has been established by the House Committee on Financial Services in the United States. The House Financial Services Committee’s...
Decoding the Digital Currency’s Movements: A Technical Analysis of Bitcoin
Bitcoin (BTC) is in uptrend from past few days A decent chance for short-term investors BTC is trading around its 50 EMA (the blue line) and is in an uptrend at the moment .The coin is currently at ...
XRP Rival Stellar (XLM) Turns Green as Commercial Bank Runs Pilot Program for New Digital Currency System
XRP‘s most prominent rival is rallying this week as a Ukrainian banking giant announces the results of using its blockchain in a new digital currency system pilot program. Stellar (XLM) is a multi-cur...
McHenry Announces Subcommittee on Digital Assets
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Rep. French Hill Issues Statement on Digital Assets, FinTech and Inclusion
On January 12th, 2023, United States Representative (R) French Hill, issued the following statement after he was appointed Vice-Chairman of the full Committee and as Chair of the Subcommittee on Digit...
Tron Founder Justin Sun Looking To Spend $1,000,000,000 on Digital Currency Group’s Assets: Report
Justin Sun is reportedly eyeing the assets of Digital Currency Group (DCG), the parent company of embattled crypto broker Genesis and many other firms in the industry. According to Reuters, the founde...
Crypto.com CEO Announces Cut to Global Workforce Amid Rallies in Broader Digital Asset Markets
The chief executive of Crypto.com is announcing a cut to the firm’s global workforce as the digital asset markets attempt to mount a recovery. In a new company blog post, Crypto.com co-founder and CEO...
Digital gold? Share of BTC supply unmoved for 2 or more years hits new record
Despite making gains at the start of 2023, Bitcoin (BTC) is still trading in the shadow of the 2021 bull run, a factor that can presumably affect its supply. However, new data indicates that the exten...
Solana Re-enters Top 10 Digital Asset With Impressive 135% Rally
Solana flipped Polygon on January 15 to be the 10th largest crypto asset by market cap, following a seven-day rally that saw it rise by over 70%, according to CoinMarketCap data. Following FTX’s colla...
NFT Influencer ‘Digital Livelihood’ Violated by Phishing
A popular NFT influencer on Twitter, “NFT God,” saw his entire digital livelihood violated because he clicked on a phishing ad link on Google. The influencer said he lost a life-changing amount of his...
The first experiments on the digital Turkish Lira
The first experimentation with the digital Turkish Lira has been successful, with Central Bank of Turkey (TCMB) officials expressing great satisfaction with the results of the test. Clearly, the test...
US Lawmakers Create ‘Congress’ First Ever’ Digital Assets Subcommittee – Regulation Bitcoin News
U.S. Congress’ “first ever” subcommittee on digital assets has been created as part of the House Financial Services Committee. “We want to create a regulatory legal framework for digital assets … that...
Justin Sun is prepared to spend up to $1 billion on Digital Currency Group’s assets
Embattled cryptocurrency lender Genesis’ parent firm, Digital Currency Group (DCG), is selling some of its assets. Chinese crypto entrepreneur and former Tron blockchain co-founder, Justin Sun, is pre...
BNY Mellon CEO bullish on digital assets
BNY Mellon CEO Robin Vince sees the digital assets sector as the future of finance. His company is open to exploring the potential of bitcoin (BTC) and other cryptocurrencies. BNY Mellon positioning i...
El Salvador Approves Digital Assets Issuance Law – Regulation Bitcoin News
The Legislative Assembly of El Salvador approved the Digital Assets Issuance Law, a framework that will allow the country to issue crypto-related debt instruments. The approved law, which was passed t...
‘Wall of worry’ led to digital wallets, blockchain tech ignored: Cathie Wood
ARK Invest CEO Cathie Wood believes that digital wallets and blockchain tech were among the “game-changing innovations” that the equity markets largely ignored in 2022. In a Jan. 12 blog post on the ...
Digital asset-focused funds dominate top 14 equity ETFs: Bloomberg
Digital asset-focused trading funds comprised the top 14 equity exchange traded funds (ETFs) in 2023 (excluding leveraged funds), according to data compiled by Bloomberg. Some of the top perfor...
Ignoring digital assets would be like sticking with paper over computers, BNY Mellon CEO says
BNY Mellon is committed to continue exploring the digital asset space, albeit cautiously. CEO Robin Vince said on an earnings call today that digital assets are the bank’s “longest-t...
Digital Securities Bill seeking Bitcoin Bond gets approval in El Salvador
El Salvador took one more step closer to embrace cryptocurrency, especially bitcoin (BTC), based economy. The Central American country is now going to soon issue the bitcoin bonds after the bill gets ...
Digital Currency Group May Offload Assets to Pay $3 Billion Debt
As the crypto market continues to evolve and mature, one of the industry’s major players, Digital Currency Group (DCG), is facing a significant financial crisis. According to sources familiar with the...
Cathie Wood sees ‘wall of worry’ ignoring blockchain tech, digital wallets and ChatGPT
Ark Invest founder and CEO Cathie Wood said equity markets plagued by a “wall of worry” have “largely ignored” game-changing innovation last year that included blockchain techn...
SFC Restricts Retail Investors to Highly Liquid Digital Assets
Julia Leung Fing-yee announced that the SFC has decided to restrict retail investors to highly liquid digital assets. She was reluctant to give specifications on the digital assets but stressed that t...
With Genesis Over $3,000,000,000 in Debt, Digital Currency Group Weighs Selling Venture Portfolio Assets: Report
A new report claims that the parent company of crypto broker Genesis is considering selling venture capital assets to pay back creditors. With Genesis more than $3 billion in debt, the Financial Times...
Goldman Sachs Retrenches 3,000+ Workers, Launches Digital Asset Platform Amidst Bear Run ⋆ ZyCrypto
Advertisement     US Bank, Goldman Sachs, has announced plans to lay off 3,200 workers, starting this week. Falling 2% short of its intended cut-back, close to 629 wor...
El Salvador’s Bitcoin-Backed Bonds Inch Closer After Greenlighting Digital Asset Bill
El Salvador faced a tough year after making Bitcoin legal tender in the country. But the country’s Legislative Assembly voted to pass a historic – Digital Asset Issuance legislation – that is expected...
FTX reportedly recovers $5b in cash and digital assets
Crippled exchange FTX has reportedly recovered $5 billion from liquidation processes after the exchange filed for Chapter 11 Bankruptcy. The exchange reportedly had a net liability of more than $8 bil...