The central banks of Australia, Singapore, Malaysia and South Africa announces a joint CBDC pilot
The combined endeavor will develop shared DLT platforms that will allow institutions to settle cross-border transactions using digital currency issued by central banks (CBDCs). Australia’s, Singapore’s, Malaysia’s, and South Africa’s central banks have announced a cooperative endeavor to test international settlements using digital currencies issued by central banks (CBDCs). Project Dunbar will test shared systems […]
British tween reportedly earns nearly $400K on NFT sales without a bank account
During the school holidays, British tween, Benyamin Ahmed produced and tokenized digital images of whale emojis, which he then sold in the form of non-fungible tokens (NFTs). During the school holidays, a 12-year-old child from London is said to have earned nearly $400,000 (290,000 pounds) by selling a series of nonfungible tokens (NFTs). Benyamin Ahmed […]
Binance founder, Changpeng Zhao says US crypto exchange will go public in three years
Binance US intends to close a significant private investment round within the next two months in order to become more autonomous from the parent company, Binance. According to Binance CEO and founder Changpeng Zhao , the cryptocurrency exchange Binance US, which is situated in the United States, is aiming to go public in 2024 through […]
SEC boss Gary Gensler says crypto and fintech could be as disruptive ‘as the internet’
Gary Gensler, chairman of the Securities and Exchange Commission, advocated for collaboration between Europe and the United States in the effort to regulate decentralized financial innovations. President of the Securities and Exchange Commission (SEC), Gary Gensler, has appeared electronically before the European Parliament to give his policy suggestions on the regulation of cryptocurrency assets. Gensler […]
Survey shows Eastern European victims sent $815M to Ponzis and scams in the past year
Fraudulent transfers from Eastern Europe to illicit destinations account for the vast majority of monies routed to unlawful destinations in the region. Following a recent study, it was shown that Eastern Europe continues to be a significant source of illicit activity in the cryptocurrency industry, both from victims of scams as well as from users […]