The South Korean government has imposed its first round of unilateral sanctions in response to the rising number of cryptocurrency thefts and cyberattacks carried out by North Korean organizations and individuals. According to Seoul's Ministry of Foreign Affairs, seven...
PayPal, the world's highest-valued digital payment platform, now offers its clients access to cryptocurrencies, including Bitcoin, which make up a significant portion of the company's financial liabilities. According to the annual report submitted to the US Securities and Exchange...
China's Ministry of Science and Technology has approved the construction of the National Blockchain Technology Innovation Center, a significant milestone in the quest to drive the mass adoption of blockchain technology in the region. According to reports, the institute...
Tether, the issuer of the world's largest stablecoin, USDT, has completed the reserve authentication process with renowned international accounting firm BDO. Tether today published BDO's assurance opinion, which shows a net profit of $700 million for the fourth quarter...
The state-owned Corporation for the Development of the Far East has revealed plans to set up a crypto mining facility in Buryatia, an East Siberian republic and member of the Russian Federation. According to reports, the new mining facility...
Coinbase CEO Brian Armstrong has expressed concern about a potential ban on retail cryptocurrency staking in the United States. In a Twitter post on February 9, Armstrong stated that he had heard rumors that the US Securities and Exchange...
On February 7, the Sandbox, a prominent metaverse player, signed a memorandum of understanding (MOU) with the Saudi Arabian Digital Government Authority (DGA) during the Leap Tech Conference in Riyadh. The co-founder and COO of the Sandbox, Sebastien Borget,...
Gazprom, a leading government-owned gas firm in Russia, and its affiliate Gazprombank are openly discussing the possibility of providing additional time to traditional banks before introducing the country's central bank digital currency - the digital ruble. Due to global...
In addition to launching a new project to track stablecoins, The Bank for International Settlements (BIS) has announced that it will increase its focus on testing Central Bank Digital Currencies (CBDCs) in 2023. The BIS, headquartered in Switzerland, stated...
The Bank of England (BoE) and HM Treasury have released a consultation document indicating the future need for a digital pound. The Bank of England will serve as the issuer of the digital pound, which can be used for...
