Surprise ETH price drop below $2.5K raises questions about Ethereum fundamentals

The draconian bill introduced by the country’s former finance secretary Subhash Chandra Garg in 2019 to ban cryptocurrencies in India haunts the country’s crypto enthusiasts and entrepreneurs to this day.Reports from Bloomberg and the local news outlet Economic Times about the further development of the bill and the possible introduction of it as law has…

The Assembly mainnet, which is expected to launch in 2022, has pledged to distribute 70% of its native ASMB token supply to an array of community participants. 2150 Total views 21 Total shares Iota has announced the release of decentralized layer-one smart contract network Assembly, and accompanying ASMB token, in a bid to accelerate the…

The head of Sweden’s Riksbank has characterized Facebook’s Libra project as “an incredibly important catalytic event” that is spurring the world’s central banks to ready themselves for digital transformation.In an interview with CNBC’s Squawk Box Europe on Oct. 15, Riksbank Governor Stefan Ingves said:“It has been an incredibly important catalytic event to sort of shake…

Blockchain-based solution may help to contain the growing cases of COVID-19 across the UAE. 1732 Total views 36 Total shares UAE-based startup incubator, in5, is helping to design blockchain-based methods to contain the COVID-19 pandemic in the country and thus flatten the curve.According to a report published on May 20, Liber Health, supported by in5,…

The Central Asian country’s CBDC project is right on time, according to a 2020 roadmap, as consumers and merchants use the currency in a controlled environment. 41 Total views 5 Total shares Own this piece of history Collect this article as an NFTThe National Bank of Kazakhstan (NBK) has launched a digital tenge pilot project,…

FTX raised $400 million funding shortly after its U.S.-based sister firm raised the same amount last week. 633 Total views 20 Total shares Despite growing fears over a potential cryptocurrency market downturn, major industry firms like FTX keep gaining momentum by securing hundreds of millions in fresh funding.FTX Trading, the owner and operator of Sam…

The United States Securities and Exchange Commission (SEC) is seeking sources for blockchain data and its analysis, a statement issued by the agency revealed on Jan. 31.According to the statement, the SEC is trying to find businesses able to provide blockchain data to support its risk monitoring and compliance enforcement activity, as well as inform…

The Advisory Council of the United Arab Emirates Banks Federation (UBF) discussed applying blockchain in its member banks, according to the Dubai-based English language newspaper Gulf News on Dec. 17.The Advisory Council of UBF, a non-profit organization representing 50 member banks in the country, considered using blockchain to improve Know Your Customer (KYC) processes at…

"Unlike some cryptocurrencies using blockchain technology, the EIB's blockchain bond issues do not lead to extensive energy use," the bank wrote. 1050 Total views 8 Total shares According to a new press release on Nov. 29, the European Investment Bank, or EIB, issued a first-ever euro-denominated €100 million digital bond on a private blockchain-underpinned platform…