7 central banks and BIS continue examination of ongoing policy issues for retail CBDC

Ahead of the launch of its U.K. regulated cryptocurrency exchange, Binance.UK vows to proactively update CryptoUK’s code of conduct to remain fit for purpose. Binance.UK is joining the self-regulating industry association CryptoUK as an executive member.The exchange will join stakeholders such as Coinbase, CryptoCompare and Ripple in leading the association’s strategic direction, and working with…

The move comes as part of a government effort-led to revitalize consumer spending as a zero-COVID policy has devastated the countries' economic hubs. 107 Total views 23 Total shares According to local news outlet Shanghai Securities News, the City of Shenzhen will airdrop 30 million digital Chinese Yuan (e-CNY) to local residents in an attempt…

They are apparently working on other things that are of a higher priority. A Shift Crypto employee successfully deployed a ransom attack on Trezor and KeepKey hardware wallets last May. While Trezor released a fix on September 2, KeepKey has yet to fix the issue.According to a blog post published on September 2, the vulnerability…

Christopher Giancarlo, the chairman of U.S. Commodity Futures Trading Commission (СFTC), said in an Oct. 2 speech that enforcement actions and fines increased significantly in the last fiscal year.Giancarlo presented at the Economic Club of Minnesota, stating that the enforcement of the recent fiscal year, which ended September 30, was "among the most vigorous in…

Earlier this week, decentralized cryptocurrency exchange CryptoBridge abruptly announced that it was shutting shop, leaving just two weeks for its customers to retrieve their funds. Around the same time, the Waves DEX also shut down to resume operations as a hybrid exchange.While Waves ostensibly decided to “merge all the infrastructure teams” together and focus on…

Hyped as it is, the Metaverse remains largely undefined. It’s a challenge to answer the question “What is the Metaverse?” in part because its definition depends on whom you ask. As it stands today, the “Metaverse” includes virtual reality and what we might previously have called “cyberspace” — including digital assets like non-fungible tokens (NFTs),…

The Bank for International Settlements’ (BIS) Project Atlas report offers yet another indication that the worlds of crypto and traditional finance may be converging.On the surface, this proof-of-concept project backed by some of Europe’s biggest central banks — like German central bank Deutsche Bundesbank and Dutch central bank De Nederlandsche Bank — seems modest enough:

Bitcoin (BTC) has neither run away nor plunged following its halving, which suggests that history might be repeating itself. After the first halving, the top-ranked cryptocurrency on CoinMarketCap moved up only by 7% after a month. After the second halving the price dipped 10% during the same period.However, the important thing to note is that…

"I will continue to engage and provide technical assistance to draft legislation, as requested,” said Rostin Behnam. 49 Total views 2 Total shares Own this piece of history Collect this article as an NFTRostin Behnam, chair of the United States Commodity Futures Trading Commission, or CFTC, has said he will be continuing efforts for the…