When the Reserve Bank of Zimbabwe (RBZ) was introduced Zimbabwe Gold, or ZiG, as the new currency last April, promised it would be the ultimate solution to a two-decade currency crisis. But less than a year later, ZiG has been…
As tokenization takes root globally, Luxembourg has passed a new law aimed at making the issuance of digital securities easier, cheaper and more efficient. Parliament of Luxembourg recently approved Blockchain Law 4, the country’s latest attempt to facilitate blockchain adoption.…
The National Payments Corporation of India (NPCI), responsible for regulating retail payments and settlement systems in the country, has postponed the implementation of the market share cap for the widely used Unified Payments Interface (UPI), extends the deadline by another…
TLDR Bitcoin ETFs saw net outflows of $582 million on Wednesday – second highest ever Ethereum ETFs experienced $159.3 million in outflows Fidelity’s FBTC led outflows with $258 million withdrawn Bitcoin price dropped to $92,500 on macro concerns In December…
South Korea’s top exchange is considering adding digital asset spot-traded exchange-traded funds (ETFs) to its product suite to revive investor interest after a year of political instability. Elsewhere, one of America’s largest asset managers, Morgan Stanley (NASDAQ: MS), is considering…
The Reserve Bank of India (RBI) warned in its December 2024 Financial stability report that the widespread use of digital assets, stablecoins and tokenization based on blockchain can create significant vulnerabilities for financial stability. “Widespread use of crypto-assets and stablecoins…
TLDR: Robinhood reported 165% growth in crypto revenue to $61 million in the third quarter Total revenue increased 36% year-over-year to $637 million Assets under custody increased 76% to $152.2 billion The company’s shares fell 11% despite strong crypto performance…
TLDR Czech National Bank Governor Aleš Michl discusses Bitcoin as a potential reserve asset CNB currently holds 50 tons of gold, plans to increase to 100 tons in 3.5 years The governor personally thought of buying “some bitcoin”. Final decisions…
TLDR: New stablecoin USDG launched by major crypto companies including Robinhood, Kraken and Paxos Based in Singapore and compliant with local regulatory framework 97% of the reserve income will be shared among network participants DBS Bank will manage the money…
India digital asset exchange is likely to seek consolidation in 2025, with smaller exchanges either shutting down operations or merging with larger ones due to the country’s punitive taxation regime. The government has long treated digital assets with suspicion, so…