Philippines to Launch Non-Blockchain CBDC in Two Years
According to Eli Remolona, the governor of Bangko Sentral ng Pilipinas (BSP), the Philippines is moving closer to introducing a non-blockchain central bank digital currency (CBDC) in the next two years. The proposal, revealed on February 12, is in line with worldwide trends in which regulators are investigating digital tokens as a stable value holder […]
Disney Partners with Fortnite Creator for $1.5b Metaverse Venture
The company behind Fortnite, Epic Games and Disney has taken a big step into the metaverse, a virtual world gaining popularity in the tech and entertainment industries. Disney will buy a $1.5 billion share in Epic Games as part of the partnership. Through this collaboration, Disney’s vast collection of intellectual properties (IPs) will be included […]
Bankrupt Crypto Lender Genesis Global Settles NY Fraud Lawsuit
Genesis Global, a bankrupt bitcoin lender, and New York Attorney General Letitia James have agreed with claims that Genesis Global misled customers through its now-canceled Gemini Earn program. Pending approval by a bankruptcy judge, the most recent arrangement seeks to return assets to former Earn customers and other Genesis creditors. James sued Genesis, Digital Currency […]
OSL Completes First Ethereum Tokenized UBS Warrant Transaction
The first tokenized warrant transaction is completed with UBS by OSL, one of the two approved cryptocurrency exchanges in Hong Kong. According to a press release from the company, OSL Digital Securities has completed the first transaction involving the UBS pilot investment-grade tokenized warrant in Hong Kong. The release stated that the pilot included an […]
Hong Kong’s SFC Warns of MEXC Related Suspected Crypto Fraud
Securities and Futures Commission (SFC) of Hong Kong has warned about an alleged scam utilizing cryptocurrency exchange MEXC. The SFC claims that on February 9th, police notified the public about a purported scam involving a company operating under the name MEXC and posing as a virtual asset trading platform (VATP). MEXC and its websites are […]