Day: 17 January 2023

Silvergate, a cryptocurrency-focused bank, has reported a net loss of $1 billion for shareholders for the quarter ending December 31, 2022.  In a report filed with the United States Securities and Exchange Commission (SEC), the bank acknowledged significant deposit outflows during the last quarter of 2022 and said it took ...

The Securities and Exchange Commission (SEC) of Thailand has introduced new regulations for cryptocurrency custody services in an effort to better protect investors.  The Thai SEC published regulations on January 17 requiring virtual asset service providers (VASP) to set up a digital wallet management system to ensure effective custody. The ...

Binance, one of the leading cryptocurrency exchanges in the world, recently announced that it had conducted its 22nd BNB token burn. This event marks the first quarterly burn of 2023 and is a significant milestone for the company. According to a statement released by Binance, a total of 2.05 million ...

The World Economic Forum (WEF) recently predicted that the metaverse would be adopted first in industrial settings before being embraced by consumers. This prediction was made in a recent article published by the WEF.  According to the organization, the implementation of the metaverse will begin at an industrial level, providing ...

As the demand for goods and services increases globally and the need for convenience grows, so does the demand for more payment options. Statistics show that 58% of multinational companies use at least one type of cryptocurrency, and 56% of these companies use at least one blockchain network daily.  Cryptocurrencies ...

Japanese financial regulators have called on global regulators to regulate cryptocurrencies in the same way that they regulate banking, advocating for a robust and harmonized regulatory framework within the industry.  Mamoru Yanase, the Deputy Director-General of the Strategy Development and Management Bureau of the Financial Services Agency, believes that the ...

Following the endorsement of eurozone finance ministers for further preparatory work on the proposed digital euro, Andrew Bailey, Governor of the Bank of England (BoE), has raised doubts about the necessity of a digital pound. Governor Bailey questioned the need for a wholesale central bank digital currency (CBDC), pointing out ...