Business

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...
CBDCs key to maintaining monetary system in digital age: ECB research
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22 August, 2022

CBDCs key to maintaining monetary system in digital age: ECB research

Despite disadvantages, consumers are willing to adopt CBDCs in exchange for small rewards, according to an ECB paper, which also...
South Korea pilots digital assets seizure for traffic fines settlement
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21 August, 2022

South Korea pilots digital assets seizure for traffic fines settlement

The coronavirus pandemic has led to the adoption of a new method that allows South Korean police to collect digital...
China: Bank testing e-CNY smart contract-enabled school fee payment in Sichuan
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21 August, 2022

China: Bank testing e-CNY smart contract-enabled school fee payment in Sichuan

The product is coming first to the city of Chengdu and will be developed by the Digital Research Institute, the...