Category: Latest news

[ad_1] The UK plans to impose a cap of between £10,000 to £20,000 ($12,017 to $24,033) for initial digital wallet holdings as it pushes forward with plans to introduce a Central Bank Digital Currency (CBDC), according to a Bank of England (BOE) official.  According to a Bloomberg report published on Feb. 8, the BOE plans…

[ad_1] Gazprombank said the Russian central bank digital currency (CBDC) has to be launched gradually and carefully to minimize the losses banks will face as a consequence, Russian news outlet RBC reported Feb. 7. According to the report, the lender believes the digital ruble will lead to an inevitable fall in banks’ income due to…

[ad_1] FTX lawyers Sullivan & Cromwell (S&C) charged the bankrupt exchange $7.5 million for its work between Nov. 12 till Nov. 30, 2022, according to a Feb. 7 court filing. The law firm said the charges represent 80% of an actual  “reasonable and necessary”  compensation of $9.5 million. It added that it incurred additional expenses…

[ad_1] Gifto’s native token GFT is up over 370% in the past week following its move to rebrand and swap its token from ERC-20 GTO to the BEP-20 GFT. From GTO to GFT Gifto launched in 2017 with GTO as its native token. However, as part of its rebranding efforts in 2023, it created the…

[ad_1] The cryptocurrency market cap saw net inflows of $12.4 billion over the last 24 hours and currently stands at $1.08 trillion — up 1.2% from $1.07 trillion. Over the reporting period, Bitcoin and Ethereum’s market cap grew 0.8% and 1.9% to $446.85 billion and $204.82 billion, respectively. The top 10 crypto assets all recorded…

[ad_1] Korean officials traveled to Serbia last week in search of Do Kwon, according to Bloomberg. The Prosecutor’s Office in Seoul confirmed that a delegation — including a member of the Justice Ministry — had made the trip, according to the Bloomberg report. Authorities are seeking Do Kwon over the $60 billion collapse of the…

[ad_1] Saudi Arabia has signed an agreement with the popular blockchain game The Sandbox, according to a LinkedIn post published on Feb. 7. Sebastien Borget, co-founder and COO of The Sandbox, said that his blockchain-based virtual world project had signed a memorandum of understanding (MOU) with Saudi Arabia’s Digital Government Authority (DGA). The agreement was…

[ad_1] Latest Report Is the crypto bottom in? On-chain says yes, macro says pain occurs after the fed pause Is Bitcoin poised for a new low or has the bottom been set at $15,500? CryptoSlate analyzed on-chain and macro data to present both sides of the argument. Andjela Radmilac · 3 days ago [ad_2] Source…

[ad_1] The U.K. initiated the consultation period for its digital pound today and said that the asset will not be a cryptocurrency, as seen in a Feb. 7 statement. Jeremy Hunt, Chancellor of the Exchequer, said: “While cash is here to stay, a digital pound issued and backed by the Bank of England could be…

[ad_1] New court documents filed on Feb. 6 by a law firm representing high-ranking executives from Voyager Digital seek to subpoena records from top Alameda and FTX executives in a legal tit-for-tat over Voyager’s bankruptcy in July 2022.  Last year, FTX US attempted to bail out Voyager Digital, a separate centralized crypto exchange that went…