Business

Consortium to carry out first private digital sterling initiative in UK
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23 August, 2022

Consortium to carry out first private digital sterling initiative in UK

The United Kingdom will become a testbed for the adoption of the first privately-led digital sterling program, paving the way...
Hodlnaut trims workforce by 80% as it attempts to resolve financial woes
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22 August, 2022

Hodlnaut trims workforce by 80% as it attempts to resolve financial woes

Embattled digital currency lender Hodlnaut laid off 80% of its workforce amid its current financial plight brought about by the...
HUSD stablecoin recovers—what caused it to depeg?
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22 August, 2022

HUSD stablecoin recovers—what caused it to depeg?

Huobi explains that the depeg was caused by a decision to close market maker accounts in several regions to comply...
FTX US, several others get cease-and-desist orders over deposit insurance claims
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22 August, 2022

FTX US, several others get cease-and-desist orders over deposit insurance claims

Several digital asset entities were served cease-and-desist letters for falsely claiming that the FDIC insures a number of their crypto-related...
FedNow is a better alternative to a CBDC, Federal Reserve governor says
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22 August, 2022

FedNow is a better alternative to a CBDC, Federal Reserve governor says

Governor Michelle Bowman says that FedNow will address the issues that many Fedcoin fans have raised, reiterating her long-held anti-CBDC...
BitConnect co-founder wanted in India, faces mega scam probe anew
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22 August, 2022

BitConnect co-founder wanted in India, faces mega scam probe anew

Satish Kumbhani, co-founder of BitConnect, plunged into deeper trouble as Indian police put him under investigation over a $2.4 billion...