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Business

Hong Kong to trial wholesale CBDC in interbank settlements
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13 March, 2024

Hong Kong to trial wholesale CBDC in interbank settlements

The HKMA's CBDC project supporting tokenization will center on innovative infrastructure for interbank settlement, with aid from banking institutions, the...
CFTC advisory committee votes to advance digital assets taxonomy
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12 March, 2024

CFTC advisory committee votes to advance digital assets taxonomy

The taxonomy recommendation is geared toward creating a standardized terminology for classifying assets while ensuring that the ecosystem aligns with...
Binance loses bid to dodge class action suit, wash trades the F out of FDUSD
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12 March, 2024

Binance loses bid to dodge class action suit, wash trades the F out of FDUSD

The U.S. Court of Appeals for the Second Circuit reversed a lower court's dismissal of a class action suit against...
The Philippines CBDC pilot expected to be completed by end of 2024
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12 March, 2024

The Philippines CBDC pilot expected to be completed by end of 2024

Wholesale CBDC Project Agila is on track to be completed by the end of 2024, with the BSP looking to...
Christen Ager-Hanssen, co-conspirators and COPA: The failed nChain takeover
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12 March, 2024

Christen Ager-Hanssen, co-conspirators and COPA: The failed nChain takeover

As the dust settles from Christen Ager-Hanssen’s failed takeover of blockchain technology hub nChain, attention is turning to his co-conspirators—some...
Attitudes to CBDCs differ widely from country to country, surveys show
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12 March, 2024

Attitudes to CBDCs differ widely from country to country, surveys show

A recent poll shows that support for CBDCs is stronger in emerging markets than in nations with solid values around...
India seeks to bolster economy with $1.24B investment for AI development
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12 March, 2024

India seeks to bolster economy with $1.24B investment for AI development

India's five-year AI initiative, for which the country allocated over $1B, covers the safe implementation of artificial intelligence through a...
China urged to fast-track blockchain development to keep up with global trends
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12 March, 2024

China urged to fast-track blockchain development to keep up with global trends

NPC member Dong Jin believes that a national blockchain network that can be used in supply chain and government services,...
Oregon lawmakers crack down on AI misuse in political campaigns
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11 March, 2024

Oregon lawmakers crack down on AI misuse in political campaigns

As the federal elections near, Oregon lawmakers are ironing out details to curb artificial intelligence misuse in political campaigns, eyeing...
US to challenge extradition of Do Kwon to South Korea
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11 March, 2024

US to challenge extradition of Do Kwon to South Korea

The U.S. DOJ said it would continue to seek the extradition of Do Kwon to the United States, fearing that...
DCG’s Barry Silbert shorted Tether, pitched Winklevii on merging Genesis, Gemini
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11 March, 2024

DCG’s Barry Silbert shorted Tether, pitched Winklevii on merging Genesis, Gemini

The proposed Gemini-Genesis-Digital Currency Group partnership would rival Coinbase and FTX, but Barry Silbert backpedaled with the suggested merger, citing...
Indian pilgrims get NFT collectible option
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11 March, 2024

Indian pilgrims get NFT collectible option

India is utilizing NFTs beyond gaming, leveraging the tokens to improve its ticketing and tourism services, digital art and music,...