Ripple works with Colombia’s central bank for CBDC development
In partnership with Banco de la República, Colombia’s central bank, Ripple is exploring potential blockchain technology applications in the financial industry. Despite facing a two-year legal dispute with the U.S. Securities and Exchange Commission (SEC), Ripple has continued to develop its network. The SEC considers Ripple’s native coin, XRP, to be a security. However, the […]
Here is Why Tether (USDT) Depeg FUD May Just Be Beginning
Tether (USDT), depreciated today after the New York Association of Governments (NYAG) released one of its quarterly financial records. Today, the digital currency ecosystem is agitated due to the depegging of the largest stablecoin in the industry, Tether (USDT). The de-pegging, which has caused the stablecoin to plummet to $0.9991 at the time of writing, […]
Mark Cuban Forecasts 99 Percent of Tokens Will Falter
Mark Cuban, an endorser of crypto, predicts that 99 percent of tokens will go broke but sees a prosperous future for those that survive. In a latest Twitter exchange with former Securities and Exchange Commission (SEC) official John Reed Stark, the American entrepreneur and philanthropist Mark Cuban predicted that 90 percent of blockchain companies will go […]
The Social Implications of Digital Money and Ethics of Cryptocurrency
In today’s increasingly digital world, digital money has revolutionized how we conduct financial transactions. Among these digital forms, cryptocurrency has gained significant attention. However, examining the social implications and ethical considerations surrounding these innovations becomes essential with the emergence of digital money and cryptocurrency adoption. In this article, we will discuss the social implications of […]
SBF to Face Trial on Eight Charges Over FTX Collapse
The U.S. Department of Justice (DoJ) has confirmed that it will proceed with the trial of SBF, the co-founder of FTX, on the original eight charges of fraud and conspiracy. The trial is scheduled to start on October 2, 2023. SBF, whose full name is Sam Bankman-Fried, was extradited from the Bahamas, where FTX was […]