In 2024, crypto reparations and creditor payouts captured widespread attention, especially after CNBC reported that customers of the defunct FTX would start receiving refunds in May. With debts totalling $11.2 billion, FTX had between $14.5 and $16.3 billion...
Bhutan, a small Himalayan country, is ranked 108th in the 2024 Index of Economic Freedom, with a score of 55.4, placing it in the "mostly unfree" category. What that simply means is that the country's economy is in...
Central Bank Digital Currencies (CBDCs) have become a major point of interest worldwide. As digital versions of national currencies, they hold the promise to revolutionize payment systems, making transactions faster, cheaper, and more accessible. They could even play...
In the final week of September 2024, decentralized exchanges (DEXes) on Solana saw a notable 45.74% increase in trading volume, surpassing $7.87 billion in total trades. This surge underscores Solana's growing prominence in the DeFi sector, especially in...
So far, U.S. regulators have secured over $19 billion in settlements from crypto companies in 2024, and that is almost two-thirds of all the settlements ever recorded in the industry. With eight major settlements this year, the total...
Stablecoins have rapidly become a fundamental part of Africa’s cryptocurrency landscape, accounting for 43% of the region’s total transaction volume, according to a report by Chainalysis. Dollar-pegged Tether (USDT) and USD Coin (USDC) are the most popular on...
DeFi represents a shift from conventional financial institutions towards open, permissionless, and trustless financial services based on blockchain technology. A key benefit of DeFi is user autonomy, allowing individuals to manage their assets and engage with financial services...
Sending money from one country to another quickly and safely is important for global trade, remittances, and investing. For decades, SWIFT (Society for Worldwide Interbank Financial Telecommunication) has been the dominant player in this field. But now, blockchain...
Bitcoin’s market performance in the third quarter of 2024 was a rollercoaster of volatility. Starting on shaky ground, Bitcoin dropped to a low of $54,321.02 on July 8, sparking concerns about a potential bearish trend. However, within just...
After a lengthy spell of research and public consultations that began in 2017, the Bank of Canada has decided to discontinue its efforts to create a digital version of the Canadian dollar. This decision comes even as the...
