China is advancing the public rollout of its central bank digital currency (CBDC), the digital yuan (e-CNY), by introducing a new payment card designed to function like a traditional debit or credit card. This digital yuan card was reportedly...
Martin Schlegel, the Chairman of Swiss National Bank (SNB), has described cryptocurrencies like Bitcoin and Ethereum as a “niche phenomenon” and unlikely to be a mainstay of the Swiss financial ecosystem soon despite their rapid growth in recent years....
Layer 2 blockchain network Eclipse, one of the most anticipated network launches of the year, officially went live for public use on November 7, after 11 months of beta testing. Eclipse is pioneering a hybrid approach that leverages the...
The California Department of Financial Protection and Innovation (DFPI) announced on November 7 that it has permanently revoked the operating license of the bankrupt cryptocurrency lender BlockFi, citing continued violations of the California Financing Law (CFL) and unsafe business...
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 available...
Coinbase CEO Brian Armstrong has described the just concluded U.S. election as a significant win for the crypto community. In a post on X, Armstrong celebrated several positive election outcomes, starting with the victory of pro-crypto Republican Bernie Moreno...
Swiss banking giant UBS has successfully completed a pilot of its blockchain-based payment system, UBS Digital Cash, aimed at improving the efficiency of cross-border transactions. The multinational investment bank announced the achievement on November 7, highlighting that the trial...
On November 7, the Ethereum Foundation launched a short-term testnet called Mekong, aimed at providing developers with a hands-on platform to explore upcoming changes on the Ethereum blockchain ahead of the Prague-Electra (Pectra) upgrade. Named after the Mekong River,...
WazirX is preparing to relaunch trading on its with enhanced features, a recovery plan designed to compensate creditors and victims of its July hack. The Indian crypto exchange announced plans to restart trading by February 2025 and roll out...
Hut 8 Mining Corp, a prominent Bitcoin miner, anticipates a significant hash rate boost of 66% in early 2025 after securing a deal to acquire 31,145 Bitmain Antminer S21+ machines. According to a November 6 announcement, Hut 8 expects...
