India CBDC preliminary trials may commence in December, says RBI governor
As CBDC exploration continues to gain traction around the world, India’s central bank is carefully weighing the advantages of releasing a digital rupee to the country’s citizens. A preliminary central bank digital currency (CBDC) trial by the Reserve Bank of India could begin before the end of the year, according to reports. In an interview […]
Stolen Assets Have Been Fully Recovered, Says Poly Network
The Poly Network team has stated that it has completed the recovery procedure for the $610 million in crypto assets that were stolen by hackers on August 10. Earlier this month, the Poly Network , a decentralized finance (DeFi) cross-chain protocol, was hacked, resulting in the loss of a record-breaking $610 million. Poly Network has […]
Facebook is ‘definitely considering’ NFTs, says David Marcus
According to Facebook’s David Marcus, “When you have a good crypto wallet, like Novi will be, you also have to think about how to help consumers support NFTs.” Due to the fact that Facebook is nearing completion of the development of its proprietary cryptocurrency wallet, Novi, the social media giant may soon be able to […]
Circle Stablecoin to be held exclusively in cash and US Treasuries
USD Coin, the industry’s second-largest stablecoin, will now be backed by cash and short-term US treasuries, according to Centre. According to a recent blog post from the Centre Consortium , USD Coin (USDC) would only be backed by cash and US Treasury notes. In 2018, Boston-based Circle and Coinbase, an American cryptocurrency exchange, launched Centre. […]
Crypto regulations: US congress has placed18 bills on digital assets in 2021 so far
Former FDIC regulator Jason Brett claims that this year, US lawmakers have shifted their attention away from private stablecoins and toward regulating decentralised digital assets. The US Congress looks to be pressing for more legislative clarification on crypto assets , with 18 measures relating to blockchain and cryptocurrency submitted so far in 2021. According to […]