Iran to launch public CBDC pilot in June

Amid turbulent times for the world at large, the cryptocurrency space seems to be cruising on its own steam in 2020. The coronavirus pandemic has put a major strain on economies around the world, and countries such as the United States have seen their central banks resort to extended quantitative easing in order to stimulate…

The Swiss Financial Market Supervisory Authority (FINMA) warned the country that Switzerland is particularly prone to money laundering risks for reasons including the use of blockchain technology.In its first-ever yearly risk monitor report — published by FINMA on Dec. 10 — the regulator warns that blockchain and crypto assets exacerbate the country’s already existing money…

Congressman Stephen Lynch of Massachusetts introduced a bill on April 23 to establish a blockchain network capable of monitoring the SNS. 1180 Total views 32 Total shares U.S. Congressman Stephen Lynch of Massachusetts has introduced a bill to establish a blockchain network capable of overseeing the distribution of personal protection equipment, ventilators and other necessary…

In a bid to drive greater financial inclusion, Philippines-based UnionBank has launched a payments-focused stablecoin pegged to the Philippine peso.A report from PhilStar Global on July 26 revealed that the new, bank-backed cryptocurrency —  dubbed PHX — is being implemented on UnionBank’s i2i platform. Rural banks and Philippines’ main financial networkI2i is an acronym for island-to-island,…

A massive diamond just sold on Sotheby’s for a whole lot of crypto. 310 Total views 2 Total shares Art and jewelry brokerage Sotheby’s put a 101.38 carat diamond up for auction, fetching over $10 million in crypto for the rock on July 9. The diamond “sold for $12.3 million to an anonymous buyer last Friday…

Despite the crypto winter, nonfungible tokens (NFTs) continue to draw interest. This has become apparent as many brands and retailers have started to offer digital NFTs attached to physical products. Known as “phygitals,” these offerings allow real-world products to be tied to digital NFTs. For example, RTFKT — a digital fashion and collectible company — recently…

The suspected hack followed ZB.com announcing the suspension of deposits and withdrawals on Tuesday in response to the “sudden failure of some core applications.” 198 Total views 5 Total shares Blockchain investigator PeckShield has reported roughly $4.8 million in crypto moved from ZB.com amid the exchange announcing the suspension of withdrawals.In a Wednesday tweet, PeckShield…

Blockchain Australia’s new CEO Simon Callaghan hopes the Federal Government will take its cues on crypto regulation from the United Kingdom, Hong Kong, and Singapore — and definitely not the United States.In his new position, Callaghan aims to steer crypto rule-making in the country and avoid making similar moves to the U.S. Securities and Exchange…

Crypto trading firm also rejects claim that users' API keys were leaked and urges users to file a police report. 1601 Total views 25 Total shares Own this piece of crypto history Collect this article as NFTCrypto trading firm 3Commas has denied its employees' stole user's API keys, claiming that screenshots circulating on social media…