Business

Hong Kong central bank calls for public comments on its retail digital currency
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3 May, 2022

Hong Kong central bank calls for public comments on its retail digital currency

The HKMA has issued a discussion paper titled "e-HKD: A policy and design perspective," where it laid out the central...
China trials tax and charge payments with digital yuan
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3 May, 2022

China trials tax and charge payments with digital yuan

The country is now testing the digital yuan—e-CNY—for use in payments of tax, stamp duty, and social security premiums with...
Facebook’s Reality Labs lost $3B in Q1, but Zuckerberg says metaverse is the future
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2 May, 2022

Facebook’s Reality Labs lost $3B in Q1, but Zuckerberg says metaverse is the future

Reality Labs, Meta’s metaverse and AR division, has been recording rising losses since 2019, burning as much as $10 billion...
US labor department has ‘grave concerns’ with Fidelity offering BTC to 401(k) clients
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2 May, 2022

US labor department has ‘grave concerns’ with Fidelity offering BTC to 401(k) clients

Fidelity revealed that it would be offering BTC to the 23,000 firms registered under its 401(k) program, and its regulator...
Kraken, Digital Currency Group via proxy lobbies US Congress against bills targeting Russian oligarchs
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2 May, 2022

Kraken, Digital Currency Group via proxy lobbies US Congress against bills targeting Russian oligarchs

The bills, which are designed to hinder Russian oligarchs from evading sanctions, are allegedly part of a vendetta by Sen....
Faketoshi Series (Adam Back): The men who are not Satoshi—Part 2
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2 May, 2022

Faketoshi Series (Adam Back): The men who are not Satoshi—Part 2

One of the favorite candidates among small blockers Blockstream CEO Dr. Adam Back, creator of the “Hashcash” white paper that...