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U.K. Central Bank and Treasury Believe Digital Pound is Needed
The Bank of England predicts a UK CBDC by 2030.
Elon Musk and Changpeng “CZ” Zhao Clash Over Dogecoin Glitch
Elon Musk criticizes Changpeng Zhao for the way Binance handled the Dogecoin glitch calling it “shady”, sparking a “battle” on Twitter.
Epic Games CEO Defends Metaverse
Epic Games CEO Tim Sweeney dismissed a recent article from Business Insider claiming that the Metaverse is "dead" and that virtual worlds have been abandoned by the business world. Sweeney cited the 600 million users across virtual world platforms as proof of the Metaverse's continuing relevance.
Payment Firm Stripe Offers Positions by Hiring Engineers to Develop Crypto Strategy
Digital payment firm Stripe’s job posting on its social media channels states that it is looking for crypto engineers.
Virtual Assets Investment Opens Opportunity to H.K. Residents, While Adrian Cheng Invests in Sandbox
As residents in Hong Kong struggle to purchase physical property, The Sandbox's virtual assets could be a lucrative investment opportunity for many.
Facebook Launches Fintech Product Group F2 to Run Payments Across All its Apps
Facebook has expanded its fintech horizons and announced the launch of a new product group dedicated to payments purposes.
BNB Smart Chain's Remarkable 85% Security Triumph in 2023
BNB Smart Chain's security enhancements in 2023 led to an 85% reduction in financial losses from security incidents, a striking contrast to the previous year's $1.1 billion losses.
PayPal, Visa, Amazon Named as Core Members to Help Bank of England Work on Developing UK’s CBDC
The Bank of England has announced the members of the technology and engagement forums, which will help the central bank coordinate exploratory work on a potential UK’s CBDC.
Binance Exchange Inaugurates Global Advisory Board under Compliance Drive
Binance Exchange has announced the establishment of its Global Advisory Board (GAB) as it looks to deepen its regulatory compliance in the region.
U.S. Judge Denies Changpeng Zhao's Second Attempt to Travel Abroad
Changpeng Zhao, former Binance CEO, is facing a travel ban in the U.S. due to flight risk concerns while awaiting sentencing for a felony charge.
Japan Accelerates Digital Yen Plans Amidst Global CBDC Race
Japan is advancing its plans for a digital yen, with the Bank of Japan set to pilot a CBDC program and the finance ministry preparing an expert panel to address legalities, signaling a significant shift in Japan's traditional cash-centric economy.
Coindesk May Be Sold as Parent Company DCG Struggles
CoinDesk may sell. Digital Currency Group (DCG), its parent firm, looks to be struggling financially. DCG has received many bids over $200 million for the media group in recent months.