European Central Bank ramps up wholesale CBDC platform development

Ripple Labs spent the most on crypto lobbying in the U.S. over the past five years, with expenses totaling $2 million. 391 Total views 5 Total shares Cryptocurrency advocates in the United States have been increasingly putting efforts to support the industry, with crypto lobbying spending growing significantly in recent years.Crypto-related lobbying expenditure in the…

Of all the Ether (ETH) locked in the collateralized debt positions (CDPs) of the old MakerDAO system, 27% belongs to a single Ethereum address. Financial technology data firm Digital Assets Data shared these findings with Cointelegraph on Jan. 26.Dai, which was created by MakerDAO, allows users to borrow or generate the stablecoin by staking their…

The government will provide $186.7 million to stimulate the growth of a Metaverse platform that it hopes businesses and industry will thrive in. 651 Total views 3 Total shares South Korea’s Ministry of ICT, Science, and Future Planning pledged 223.7 billion KRW ($186.7 million) to create a broad Metaverse ecosystem to support the growth of…

American financial regulators have sat down with major stablecoin projects in an effort to better understand the industry.The Commodity Futures Trading Commission’s Technology Advisory Committee held a public meeting on Feb. 26 to learn about stablecoins, cryptocurrency insurance, custody practices and cybersecurity.Three stablecoin projects: JPM Coin, MarkerDao and Paxo were in attendance, discussing different aspects…

A multimillion-dollar security breach involving a third-party vendor hastened Ripple’s acquisition of Fortress Trust on Sept. 8. 196 Total views 3 Total shares The takeover of Fortress Trust by financial technology company Ripple on Sept. 8 involved more than just an acquisition deal. The transaction was accelerated by a security incident hours earlier involving a

Cayman Islands-based blockchain startup Everipedia formally launched its peer-to-peer (P2P) encyclopedia August 9, a press release confirmed. Designed to be an “autonomous encyclopedia without the need for advertisements or donations,” the project uses the EOS network to function and will reward curators with its own token, dubbed “IQ.” Co-founder of Wikipedia turned Everipedia CIO Larry…

Lost crypto password? These are the hackers who have made a living getting yours back.

A draft bill that would outright ban cryptocurrency is reportedly circulating among various departments of the Indian government, local media outlet The Economic Times reported on April 25.An official familiar with the matter reportedly told the Economic Times that the government has begun inter-ministerial consultations on the “Banning of Cryptocurrencies and Regulation of Official Digital…

Dubai's latest ruling marks a significant shift in the legal acceptance of cryptocurrencies, aligning the UAE with global trends in digital finance.