Russians have hopped on stablecoins to circumvent Western sanctions to send trading volumes to new highs. The decision by SWIFT to kick out Russian banks from the network plays a role in the spike in stablecoin use. A recent study shows that Eastern Europe has recorded the…
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On Friday, the Reserve Bank of India (RBI) released a concept note on the planned launch of CBDC or digital rupee this year. It said a pilot project with specific use cases would be launched without giving a timeline. Indian Finance Minister Nirmala Sitharaman, in the annual…
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Algorand is predicted to increase 15.02% in the next 5 days and hit a price target of $0.373178 per ALGO. Check out today's Algorand price prediction to learn why.
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FTX founder Sam Bankman-Fried supports knowledge tests and disclosures beyond cryptocurrency derivatives markets. The post FTX CEO backs knowledge test for trading wide range of derivatives appeared first on The Block.
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Meta adjusted its goal to reach 500,000 monthly active users for Horizon Worlds to 280,000 as current levels fall below 200,000. The post Meta falls short of user goal for Horizon Worlds: WSJ appeared first on The Block.
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Crypto startup Anchorage is weathering the bear market without dipping into its $350 million in fresh funding, thanks to its bank charter. The post ‘We end up winning more’: Anchorage boss Mónica sees bank charter as key to weathering crypto winter appeared first on The Block.
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The Mango Markets hacker claimed everything he and his supposed team did was legal and a part of a profitable trading strategy.
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The world’s largest stablecoin, Tether, completed a significant milestone today, announcing that it had slashed its commercial paper holdings to zero. According to a blog post, the commercial paper holdings have been replaced by U.S. Treasury bills.  The move sees $30 billion of commercial paper removed from…
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Solana (SOL) and Polygon (MATIC) have surged to the top 20 cryptocurrencies by market capitalization in light of their astronomical rise – in no small part driven by their utility.  However, like most cryptocurrencies, Solana (SOL) and Polygon (MATIC) face a long, hard road to recovery after losing…
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Federal regulators are reportedly investigating the creator of the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection for potential violations of federal laws during the sale of digital assets. Citing an unnamed source familiar with the matter, Bloomberg reports that the U.S. Securities and Exchange Commission…
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