News
BIS to launch stablecoin monitoring project and up focus on CBDC experiments
The bank for central banks is expanding its CBDC research while developing a platform to monitor stablecoin balance sheets. The Bank for International Settlements (BIS) will heighten focus on experimenting with Central Bank Digital Currencies (CBDCs) this year via its...
UK’s digital pound would modernize payments but won’t replace cash: Minister
Finance minister Jeremy Hunt says the digital pound, or "Britcoin" would be issued and backed by the Bank of England, but won't negate the use of cash. The Bank of England (BoE) and U.K. Treasury are gearing up plans to create a digital currency that could "provide a...
BNB Chain on-chain activity bucks bear market downtrend in Q4: Messari
Average daily addresses on the Binance blockchain network grew by 30% year-on-year in Q4. The Binance-native blockchain BNB Chain has continued to show steady activity growth in the fourth quarter of 2022 despite the broader crypto bear market according to recent...
Google invests $300M in AI firm previously funded by Sam Bankman-Fried
Members of Crypto Twitter are speculating whether Bankman-Fried and FTX will source the reported $530 million invested in Anthropic to pay off FTX creditors. Google Cloud has reportedly invested $300 million into artificial intelligence (AI) startup firm Anthropic,...
Protocol Labs, Chainalysis and Bittrex add to crypto layoff season
Crypto execs suggested that the "extremely challenging" times forced them to cut jobs in order to “weather this extended" crypto winter. Several crypto firms have made job cuts this week amid the ongoing crypto winter, retaining “impactful” employees as they prepare...
FTX customers warned of scammers baiting them with return of assets
Scammers have been trying to trick customers by offering them the prospective return of their assets. Bankrupt crypto exchange FTX has acknowledged a recent spate of third-party scams and frauds aimed at swindling its already-embattled customers.On Feb. 3, FTX issued...
Regulatory action against Mango Markets exploiter is a win for DeFi — Moody’s
SEC and CFTC taking action against the alleged fraudster show that DeFi is becoming a “safer and more welcoming environment,” according to credit rating firm Moody’s. Recent charges brought against Mango Markets exploiter Avraham Eisenberg will have a positive impact...
Crypto exploit losses in January see nearly 93% year-on-year decline
Around $8.8 million was lost to crypto exploits in January, a massive decline from the figures this time last year. Aside from the bullish crypto market rally in January, there’s been more positive industry news as the month saw a decline in losses from exploits...
Millionaires flock to crypto: 82% sought investment advice in 2022
A recent study from deVere Group found a majority of their clients had asked their financial advisers about adding crypto to their portfolios. Despite a challenging year for crypto, 82% of millionaire clients had looked into investing in digital assets such as Bitcoin...
Bitcoin premium hits 60% in Nigeria as it limits ATM cash withdrawals
The price of one Bitcoin (BTC) in Nigeria can cost upwards of $38,000. The price of Bitcoin (BTC) in Nigeria has skyrocketed to well above market levels amid continued efforts by the central bank to push its citizens into digitalized cash.At the time of writing, the...