Business

Zimbabwe defies IMF, sells $40 million worth of gold-backed digital tokens
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20 May, 2023

Zimbabwe defies IMF, sells $40 million worth of gold-backed digital tokens

Zimbabwe’s tokens are backed by 140 kilograms of gold, the central bank says, revealing it’s preparing for a second round...
Fuzhou lures Web3 firms with incentives to set up shop in the city
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20 May, 2023

Fuzhou lures Web3 firms with incentives to set up shop in the city

After baring its metaverse ambitions, China is now focusing on fortifying its Web3 ecosystem, with Fuzhou leading the way by...
Australia records first FX transaction with CBDCs as trial gathers steam
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20 May, 2023

Australia records first FX transaction with CBDCs as trial gathers steam

Blockchain infrastructure provider Canvas broke the news on May 17, noting that two digital asset fund managers, DigitalX and TAF...
SEC tells Grayscale that Filecoin is a security
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19 May, 2023

SEC tells Grayscale that Filecoin is a security

Filecoin Trust is an investment vehicle owned by Grayscale which solely invests in the Filecoin digital asset, offering investors exposure...
Secret Service hosts Reddit AMA with ‘crypto’ task force
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19 May, 2023

Secret Service hosts Reddit AMA with ‘crypto’ task force

The U.S. Secret Service and the Bay Area Regional Enforcement Allied Computer Team (REACT) held a Reddit Ask Me Anything...
Ripple buys Swiss digital asset custody firm Metaco—what’s the deal?
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19 May, 2023

Ripple buys Swiss digital asset custody firm Metaco—what’s the deal?

Ripple paid $250 million in cash for Metaco, giving it access to potentially important companies like Citi, BNP Paribas, and...
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