General News

India’s RBI and Central Bank of UAE Sign MOU for CBDC Bridge Development

India and the United Arab Emirates (UAE) have signed a memorandum of understanding (MoU) to develop a proof-of-concept and pilot program for a central...

Federal Reserve to Launch Instant Payment System by July 2023

The Federal Reserve has announced that its instant payments system, which is seen as a substitute for central bank digital currencies (CBDCs) and stablecoins,...

FDIC denies reports of requiring divestment of crypto activities from banks

US bank regulators are reportedly requesting that any institution interested in buying Signature Bank give up all crypto business, further isolating the digital asset...

Uniswap Launches on Binance Smart Chain

Uniswap, a decentralized exchange that offers financial services based on the Ethereum blockchain, has officially launched on Binance Smart Chain (BNB) after a successful...

KuCoin Ventures Invests $10 Million in CNHC Stablecoin Issuer

KuCoin Ventures, the investment arm of cryptocurrency exchange KuCoin, has invested $10 million in CNHC, a Chinese yuan-pegged stablecoin issuer and blockchain-based payment service...

UK Taxpayers Required to Report Crypto Holdings Separately on Tax Forms

The UK government has announced that taxpayers will need to separately report their cryptocurrency holdings on their tax returns, a move that is expected...

Credit Suisse Shares Plummet After Investor Withdraws Support

Credit Suisse, Switzerland’s second-largest bank, has suffered a significant drop in its share value after its largest investor, Saudi National Bank, withdrew financial support...

Coinbase Expands Services in Singapore with Standard Chartered Partnership

Cryptocurrency exchange Coinbase has partnered with Standard Chartered to allow customers in Singapore to transfer funds to and from their accounts via local banks....

Coinplay: The Ultimate Crypto Betting Platform with 100% Bonus

Coinplay is a licensed crypto gambling and betting platform that offers a wide range of sports and esports events to bet on, as well...

Signature Bank closure not related to crypto, says NY regulator

New York’s Department of Financial Services (NYDFS) denied that it closed Signature Bank due to its involvement in cryptocurrency. According to a spokesperson, the...

Binance Converts $1 Billion Industry Recovery Fund to Bitcoin

In response to the controversy surrounding the USDC stablecoin, Binance, the world's largest cryptocurrency exchange, has converted its $1 billion Industry Recovery Initiative funds...

Circle Announces New Banking Partner After Silicon Valley Bank Shutdown

Over the weekend, concerns arose over $3.3 billion worth of USDC reserves being held at Silicon Valley Bank, which was shut down by the...