Mu Changchun, head of the central bank’s digital currency institute, says the agency is developing a platform to review and register smart contracts for e-CNY, the country’s new digital currency in trial.
Bitcoin edged up in Monday afternoon trading in Asia, but it still traded below the US$20,000 resistance line, a level it has now fluctuated around since late August. Ether rose, along with Solana and Polkadot. Cardano reversed morning gains to trade lower. See related article: Markets: Bitcoin, Ether edge up; Cardano, Solana lead gains in…
The collapse of Celsius and Anchor wasn’t a failure of DeFi, writes Kaaran Kalantari of WingRiders. They failed to assess risk, and crypto Darwinism took shape.
Saudi Arabia’s central bank has appointed Mohsen AlZahrani, a former managing director at consultancy firm Accenture, to head its virtual assets and central bank digital currency (CBDC) initiative, Bloomberg reported. See related article: Governments pushing for CBDCs smell blood in Terra Classic’s struggles Fast facts With the United Arab Emirates aiming to be a global…
U.S. Congressman Brad Sherman, who chairs a House subcommittee on investor protection and a leading crypto skeptic in Washington, is seeking more stringent cryptocurrency regulation, if not all-out bans, according to a report by the LA Times. See related article: CFTC, SEC seek input on hedge fund crypto reporting rules Fast facts In an interview…
In facing a government hostile to cryptocurrency trading, Indian exchanges are trying to attract new business with suites of different investment products.
The Cardano blockchain’s hard fork upgrade, Vasil, is scheduled for mainnet on Sept. 22, according to Cardano developer and operator Input Output Global’s (IOG) Twitter announcement over the weekend. See related article: Cardano delays Vasil blockchain upgrade, citing bugs and ‘abundance of caution’ Fast facts “Vasil is the most significant Cardano upgrade to date, bringing…
Bitcoin rose slightly in Monday morning trading in Asia, but the world’s largest cryptocurrency was trading below the key resistance line of US$20,000 after falling below that mark on Saturday. Ether edged up, along with Cardano and Solana, while most other tokens in the top 10 by market capitalization were little changed. See related article:…
Bitcoin gained almost 2% on Friday evening in Asia after the U.S. Bureau of Labor Statistics reported that the unemployment rate in August rose to 3.7% from 3.5% in July. The figures suggest the U.S. economy is slowing, which may influence the Federal Reserve when it meets this month to decide on raising interest rates. …