General News

Chinese Blockchain Project Creates a SWIFT-Like System With Stablecoins and CBDCs.

A Hong Kong-based blockchain company has made available a digital payments system that is meant to connect stablecoins and central bank digital currencies (CBDCs). Red...

Coinbase Expands Partnership with Soccer Club Borussia Dortmund

Coinbase, the US-based cryptocurrency exchange, has announced an expanded partnership with German soccer team Borussia Dortmund (BVB). The platform, which was previously an advertising...

Binance Charity Funds 30,650 Web3 Scholarships in 2023

Binance Charity, the philanthropic arm of Binance, has announced plans to fund 30,650 scholarships for students interested in pursuing a career in Web3 in...

Rajeev Chandrasekhar Says Crypto Is Fine if You Follow the Law

Rajeev Chandrasekhar, an Indian government official, spoke about cryptocurrency at an event in Bengaluru. He is a minister for electronics and information technology, as...

Saudi Arabia Says Open to Trade in Other Currencies, a Sign of a Move Away From the Dollar

On Tuesday, Saudi Arabia's Finance Minister, Mohammed Al-Jadaan, spoke to Bloomberg TV from Davos, Switzerland, the 2023 World Economic Forum venue. Al-Jadaan surprised reporters...

Dr. Doom, an NYU Professor, Claims That 99% of Cryptocurrency Is a Scam

Dr. Doom believes "99.99% of crypto is a hoax, a criminal operation, a whole real-bubble pyramid scheme that will bust. Nouriel Roubini, also known...

Nexo Settled for $45 Million With the SEC for Offering an Earn-Interest Product

Nexo, a cryptocurrency lender, has agreed to pay $45 million to the U.S. Securities and Exchange Commission (SEC) and a number of state regulators....

The National Australia Bank Will Launch a Stablecoin Backed by Australian Dollars

A stablecoin called AUDN has been developed by the National Australia Bank (NAB), and it will be released in the middle of 2023. The...

Russia and Iran Collaborated to Develop a Stablecoin Backed by Gold

According to the Russian news source Vedomosti, the Iranian central bank has apparently collaborated with the Russian government to develop a new cryptocurrency called...

Digital Currency Group Suspends Paying Dividends to Keep Cash on Hand

Due to financial difficulties at one company, Digital Currency Group (DCG), a private equity firm with stakes in more than 200 cryptocurrency projects, has...

Bithumb Must Compensate Investors for Monetary Losses: South Korean Court

The Bithumb must pay more than 100 users who filed legal claims for monetary losses as a result of the exchange's service interruption, according...

Cryptocurrency Is a Form of Gambling: RBI Governor Shaktikanta Das

Shaktikanta Das, governor of the Reserve Bank of India, while speaking at an India Today event, referred to cryptocurrencies as "nothing but gambling." He...