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CRYPTOCURRENCY

Global Dollar Network Launched to Boost Stablecoin Adoption
cryptocurrency

Global Dollar Network Launched to Boost Stablecoin Adoption

Anchorage Digital, Bullish, Galaxy Digital, and more launch Global Dollar Network to enhance stablecoin usage globally, featuring the new stablecoin USDG.

Understanding Experimental Design: Key Concepts and Types
cryptocurrency

Understanding Experimental Design: Key Concepts and Types

Discover the essentials of experimental design, including key concepts and types.

Bittrex Global to End Trading on Dec 4, 2023
cryptocurrency

Bittrex Global to End Trading on Dec 4, 2023

Bittrex Global, a Liechtenstein-based cryptocurrency exchange, will cease operations on December 4, 2023, following regulatory challenges and legal proceedings, requiring customers to convert U.S. dollar holdings.

Dismissal of Lawsuit Against Tether and Bitfinex Affirmed, Plaintiff Drops Appeal
cryptocurrency

Dismissal of Lawsuit Against Tether and Bitfinex Affirmed, Plaintiff Drops Appeal

Tether and Bitfinex have won a lawsuit against Shawn Dolifka and Matthew Anderson, despite allegations of misleading statements about USDT reserves, underscoring the importance of transparency in the cryptocurrency sector.

OneCoin Co-Founder Sentenced to Two Decades in Prison Over Multibillion-Dollar Fraud
cryptocurrency

OneCoin Co-Founder Sentenced to Two Decades in Prison Over Multibillion-Dollar Fraud

Karl Sebastian Greenwood, co-founder of the OneCoin cryptocurrency scheme, has been sentenced to 20 years in prison for deceiving millions of investors worldwide, leading to losses exceeding $4 billion. The scheme, based in Sofia, Bulgaria, was marketed as a revolutionary cryptocurrency, but was later revealed to be a sham. Greenwood and co-founder Ruja Ignatova used the scheme to finance extravagant lifestyles.

The Reserve Bank of India is Expanding CBDC While Dismissing Privately Issued Stablecoins
cryptocurrency

The Reserve Bank of India is Expanding CBDC While Dismissing Privately Issued Stablecoins

The Reserve Bank of India (RBI) is planning to increase the number of Central Bank Digital Currency (CBDC) transactions to one million per day by the end of 2023, according to Deputy Governor T Rabi Sankar.

Stablecoins Could Bolster U.S. Dollar and Economic Competitiveness: Circle CEO
cryptocurrency

Stablecoins Could Bolster U.S. Dollar and Economic Competitiveness: Circle CEO

In a compelling testimony delivered to the House Financial Services Committee, Jeremy Allaire, CEO and Co-Founder of Circle, underlined the significant role stablecoins, such as the U.S. Dollar Coin (USDC), could play in strengthening the global position of the U.S. dollar.

Canadians Consulted on Digital Currency
cryptocurrency

Canadians Consulted on Digital Currency

The Bank of Canada has opened a public consultation until June 19 to gauge what features Canadians would like to see included in a digital Canadian dollar. The bank clarified it was not beginning work on a CBDC or replacing cash but was looking to explore the concept.

Circle Launches Cross-Chain Transfer Protocol for USDC
cryptocurrency

Circle Launches Cross-Chain Transfer Protocol for USDC

Circle has released a mainnet protocol allowing users to transfer USDC between Ethereum and Avalanche. The Cross-Chain Transfer Protocol (CCTP) eliminates the need for USDC bridges and aims to reduce fragmentation in the Web3 ecosystem.

China and Malaysia discuss Asian Monetary Fund
cryptocurrency

China and Malaysia discuss Asian Monetary Fund

China and Malaysia are discussing the creation of an Asian Monetary Fund as a way to move away from U.S. dollar hegemony. The fund was proposed at a forum in Hainan, China, and Malaysian Prime Minister Anwar Ibrahim has stated that China is open to the proposal.

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