Türkiye to use blockchain-based digital identity for online public services
Shortly after the Turkish central bank completed the first CBDC tests, Türkiye announced a blockchain-based digital identity application.
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Former Chinese central banker says digital yuan ‘usage has been low’
A former China central banker said cumulative e-CNY transactions only crossed $14 billion in two years, adding the results were “not ideal.”
Federal Reserve Hikes Rate by 50bps, FOMC Signals Rate to Rise to 5.1% Next Year
The U.S. central bank’s Federal Open Market Committee (FOMC) convened on Wednesday and raised the federal funds rate by 50 basis points (bps). The 0.5 percentage point rise follows the…
Here is why Bitcoin price gave back all its intraday gains
BTC price retraced the entirety of its intraday gains after Fed chair Jerome Powell issued hawkish statements in relation to today’s 0.50% interest rate hike.
Algorand to support bank and insurance guarantees platform in Italy
This is the first time an EU Member State will use blockchain technology for bank and insurance guarantees, according to Algorand.
$75M worth of FTX’s political donations at risk of being recalled due to bankruptcy: Report
To distance themselves from the failed exchange, some politicians have already resorted to donating funds they received from FTX to charity.
Bitcoin could reach $1M in 5 years due to fiat currencies’ collapse, says Samson Mow
The future collapse of fiat currencies could propel Bitcoin to $1 million in the next five to 10 years, according to Jan3 CEO and Bitcoin proponent Samson Mow.
Bank of England opens applications for ‘proof of concept’ CBDC wallet
The bank requires the wallet to execute basic features such as transacting value and requesting payments and set its budget at nearly $255,000.
Gensler’s approach toward crypto appears skewed as criticisms mount
While the SEC chairman has promised to make crypto safer for everyone, the recent slew of company collapses seems to suggest otherwise.
FTX reportedly gets 3 more months to stop all operations in Japan
Japanese authorities have postponed FTX Japan’s suspension deadline because the firm has so far failed to return assets from custody to creditors.
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