India pushes for digital rupee in 2023 as provincial governments explore blockchain use cases

    coingeek 2023-12-29 67646 views Web3
    India’s blockchain-based digital rupee made significant progress in 2023 as the Reserve Bank of India (RBI), the country’s central bank, engaged several lenders for a trial run of its central bank digital currency (CBDC).

    Congressman Warren Davidson Targets SEC Shake-Up in 2024

    coinwire 2023-12-28 59642 views Trending
    The U.S. Securities and Exchange Commission (SEC) is on the brink of a major transformation as Congressman Warren Davidson takes a bold stand against its current Chair, Gary Gensler. Davidson, known for his outspoken views, has declared 2024 as the opportune time for Gensler’s removal, signaling a brewing discontent with the SEC’s leadership and regulatory approach during Gensler’s tenure.

    Africa’s 2023 in review: Adoption soars, regulators catch up, and Bitcoin moves beyond speculation

    coingeek 2023-12-27 43522 views Trending
    Africa’s digital asset and blockchain industry has come a long way. In 2021, the continent made its mark in the sector, and in 2022, blockchain came of age in the region. 2023 was the year of maturity as digital assets became more prominent and moved beyond speculation.

    Japan leads 42 countries discussing digital asset regulation in 2023: PwC

    coingeek 2023-12-26 31049 views Web3
    ​Digital asset regulation is taking shape globally, with 42 countries engaging in discussions or passing laws in 2023, a report by PricewaterhouseCoopers (PwC) has revealed.

    Coinbase Stock Soars 400% in 2023, Outshining Tech Giants and Bitcoin

    coinwire 2023-12-24 41573 views Trending
    Coinbase, the leading U.S. cryptocurrency trading platform, has witnessed a staggering surge in its stock returns, surpassing 400% in 2023. As of December 19, the COIN stock reached $162, marking a 20-month high and solidifying its position as the top crypto pick for the year. While both Coinbase and Bitcoin have experienced simultaneous growth throughout the year, Coinbase’s performance appears to be setting it apart as the market anticipates the potential approval of the first U.S. spot Bitcoin exchange-traded fund (ETF).

    Eurosystem seeks participants for blockchain-based payment with central bank money

    coingeek 2023-12-22 75447 views Trending
    ​The Eurosystem plans to proceed with a study to explore new solutions for wholesale central bank money settlement for seamless interbank transfers across the region.

    Industry figures fear EU ban on block reward mining could be imminent

    coingeek 2023-12-21 42811 views Trending
    ​In September, it was announced that the European Commission (EC) would undergo a year-long study into the sustainability of digital assets. The EC’s financial services directorate issued a tender for the project, aiming to develop methodology and sustainability standards for mitigating the environmental impact of digital assets.

    Japan should issue digital yen ‘without delay,’ expert panel recommends

    coingeek 2023-12-20 64676 views Trending
    ​central bank digital currency (CBDC) “without delay,” a government panel probing the feasibility of a digital yen has recommended.

    European Commission Probes X (Former Twitter) for Illegal Content

    coinwire 2023-12-18 43820 views Trending
    The European Commission has initiated formal proceedings to investigate X, formerly known as Twitter, over concerns related to the dissemination of illegal content on its platform. The probe, launched on December 18, focuses on X’s handling of content associated with the terrorist group Hamas’ attacks against Israel. The Commission aims to assess whether X violated the Digital Services Act in its response to misinformation and illegal content.

    Germany’s KfW to roll out tokenized bond in 2024

    coingeek 2023-12-18 61343 views Trending
    ​The concept of tokenized bonds is gaining significant traction across the European Union (EU), with the latest entry in the space being the German development bank KfW.

    Crypto Market Surges with $600 Billion Influx: Will Bull Run Continue?

    coinwire 2023-12-15 45582 views Trending
    A massive $596 billion has flooded into the crypto space in the fourth quarter alone, sparking anticipation of a substantial bull run. This surge raises questions about the future trajectory of major cryptocurrencies like Ether, XRP, Solana, Cardano, and Shiba Inu. Binance, in a recent research report, explores various indicators and narratives to evaluate whether the crypto market will sustain its upward momentum or take a different turn.

    Moody’s Analytics, Multiverse Computing introduce quantum tech for financial services

    coingeek 2023-12-14 58266 views Trending
    Moody’s Analytics has announced the launch of a quantum computing solution for finance, designed to operate with a software-as-a-service (SaaS) offering in a valiant attempt to explore new use cases.

    UAE blockchain-powered carbon tracking, trading platform seeks to achieve net zero emissions

    coingeek 2023-12-13 75782 views Trending
    ​Abu Dhabi-based researchers have unveiled a new carbon trading platform built using blockchain technology, designed to trigger global interest in the exchange of carbon tokens.

    Hong Kong to launch second iteration of tokenized green bonds

    coingeek 2023-12-12 64323 views Trending
    ​Hong Kong is eyeing a second launch of tokenized green bonds in the coming weeks in a move expected to push the local economy.

    Societe Generale Launches EURCV: First Euro Stablecoin on Ethereum

    coinwire 2023-12-11 45116 views Trending
    ​Societe Generale FORGE, a subsidiary of the venerable French banking group Societe Generale, has announced the launch of EUR CoinVertible (EURCV). This stablecoin, pegged to the Euro, is set to make history as the first stablecoin issued by a major regulated European bank on the Ethereum blockchain, as revealed by crypto exchange Bitstamp.

    Finland wants to lead the metaverse race by 2035

    coingeek 2023-12-08 76037 views Trending
    Finland has disclosed plans to play a leading role in the metaverse to boost its digital economy and protect users despite a late entry into the race.

    South Africa weighs licenses for 36 VASPs

    coingeek 2023-12-07 41930 views Trending
    ​South Africa is weighing issuing licenses to 36 virtual asset service providers (VASPs) later this month, the country’s financial watchdog has revealed.

    UK legislators to central bank: Proceed with caution on CBDC

    coingeek 2023-12-06 68451 views Trending
    ​U.K. legislators have called on the central bank to “proceed with caution” in developing a central bank digital currency (CBDC).

    Australia proposes scam code to curb fraud in banking, ‘crypto’

    coingeek 2023-12-05 49923 views Trending
    Australia wants stakeholders in scam-prone sectors like banking, digital platforms, and, in the future, digital assets to take more measures to address the rising scams in the country.

    Bitcoin Surges Toward $40K with Short Liquidations, Reigniting Bullish Momentum

    coinwire 2023-12-04 52742 views Trending
    ​Bitcoin (BTC) has witnessed a spectacular surge, inching closer to the $40,000 mark as it outpaced sellers and liquidated around $60 million in shorts over the span of two days. The latest rally propelled BTC/USD to new highs in 2023, reaching $39,730 and marking a significant milestone since mid-2022. This surge follows an upward momentum that had been building in the days leading up to the breakthrough $39,000 level.

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