Legal fees skyrocket in high-profile crypto bankruptcies

The Swiss National Bank and BIS don't want to miss out on possible blockchain-powered benefits for the financial system. The Bank for International Settlements and the Swiss National Bank and are exploring the benefits of implementing a central bank digital currency, or CBDC, using blockchain technology.According to a Dec. 3 announcement, the BIS Innovation Hub…

American financial services giant Fidelity said that its cryptocurrency trading and custody platform is in the “final testing and process refinement periods” in a Medium blog post on Jan. 31.Per the announcement, the firm is currently providing services to a small, select group of clients while it continues to build the platform’s infrastructure. The firm…

Despite Yam’s first post-relaunch rebase executing successfully, its developers are planning many more changes to the protocol. Yam, the decentralized finance (DeFi) sector’s original food-themed clone protocol, has successfully completed its first rebase since its V3 relaunch.Yam’s relaunch on September 18 followed the spectacular failure of Yam V2 last month — where a bug in…

Fantom has previously pledged to cut its token burn rate by 75% to incentivize DApp development. 194 Total views 4 Total shares Ho-ho-ho! Get Limited Holiday Trait!Collect this article as NFTAccording to a new Medium post published on Dec. 26, decentralized finance (DeFi) architect Andre Cronje reaffirmed goals and priorities for the Fantom (FTM) ecosystem…

A senior executive from U.K.-based bank HSBC has said that time-efficient distributed ledger technologies (DLT) and central bank digital currencies (CBDCs) represent a “great challenge” to existing real-time gross settlement (RTGS) systems, Cointelegraph learned at the Money20/20 conference Oct. 23.HSBC’s Global Innovation Lead for Global Liquidity & Cash Management, Craig Ramsey, made his remarks during…

Following the investment, Tether expects close collaboration with Bitdeer across several key infrastructure areas, CEO Paolo Ardoino said.

In many ways, Bitcoin (BTC) and the crypto markets as a whole live somewhat independently from traditional markets. The global crypto space never sleeps, operating at all hours of the day on a global scale.Traditional market price movements and conditions, however, may still have an impact on Bitcoin. If the economy is healthy, seeing rising…

Nigeria’s crypto community celebrates the approval of the National Blockchain Policy, set to impact governance, digital identity management and e-payments. 87 Total views 7 Total shares Own this piece of history Collect this article as an NFTThe approval of the National Blockchain Policy for Nigeria has left the nation’s crypto community over the moon as…