The central bank digital currency (CBDC) issued by Banco Central do Brasil is reportedly set to see the light of day in 2024. Its main purpose will be to boost financial services in the country. Brazil is not the only nation interested in introducing a CBDC, as countries like China, Russia, Japan, Australia, and the
Crypto
In a high-stakes legal battle, attorneys representing Tesla CEO Elon Musk are calling for the dismissal of a multi-billion dollar case accusing the celebrity entrepreneur of insider trading with Dogecoin (DOGE) against his online followers. The lawyers argue that the accusations should be dismissed with prejudice, preventing plaintiffs from burdening the judicial system with additional
Blockchain.com, a leading cryptocurrency exchange, has obtained a payment institution (MPI) license from the Monetary Authority of Singapore (MAS). This is the second license the company has received in Singapore, following the in-principle approval granted in September 2022. With this new authorization, Blockchain.com aims to strengthen its compliance with regulators in the regions where it
The summer period has been marked by lackluster trading activity in the digital asset market. Investment products in the cryptocurrency space have seen outflows amounting to $107 million. This trend is indicative of profit-taking among investors, with weekly trading volumes in these products 36% lower than the year-to-date average. The decline in trading activity extends
With the continuous evolution of cyber threats, Blackberry has recently detected multiple malware families that target crypto assets, leading to massive campaigns in stealing cryptocurrencies from vulnerable devices. In the recent edition of ‘The BlackBerry Global Threat Intelligence Report,’ the once-dominant smartphone giant highlighted the finance, healthcare, and government sectors as the most targeted industries
The crypto market has been experiencing a prolonged winter, causing altcoin investors to lose faith. According to Michaël van de Poppe, CEO and founder of MN Trading, altcoin markets have been in a bear market for over two years, making it the longest existing bear market for cryptocurrencies. This downward trend in the altcoin market
GameStop, the renowned American gaming merchandise retailer, has recently announced its decision to remove its cryptocurrency wallets from the market starting from November 1, 2023. This move comes after the company had introduced these features in the spring of the previous year, allowing users to manage digital assets and non-fungible tokens (NFTs). In an official
The recent request by the U.S. Department of Justice (DOJ) to revoke the bail bond of Sam Bankman-Fried (SBF), the founder and former CEO of bankrupt cryptocurrency exchange FTX, sheds light on concerning behavior. The DOJ is seeking a detention order against SBF due to his persistent attempts to tamper with witnesses. These actions, as
