SEC: Commissioners’ statement not relevant to Ripple’s XRP lawsuit defense
US Securities and Exchange Commission staffers say their appointed leaders’ views do not reflect the agency’s stance on Ripple and XRP.
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Thai crypto miner found dead after suspected electronics accident
Case could be first fatality associated with mining, although hot-running equipment has history of starting fires.
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DeFi puts down roots in the Bitcoin network
Despite Ethereum being the blockchain of choice for smart-contract capabilities, there has been a recent push to bring decentralized finance to the Bitcoin network. Fast facts One such project looking to do so is layer-one protocol Stacks (STX), whose introduction of its programming language Clarity has allowed the development of smart contracts on the Bitcoin…
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EL Salvadorans protest Bitcoin adoption bill
Demonstrators have gathered outside El Salvador’s National Assembly to protest President Nayib Bukele’s controversial bill to establish Bitcoin as official legal tender in the Central American nation, Decrypt reports. Fast facts Activists gathered despite a three-month ban on protests in the country, which was ostensibly put in place as a Covid-19 preventative measure. Despite the…
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Chinese electricity bills to become payable using digital yuan
A digital yuan wallet app launched by China’s central bank will include an electricity bill payment feature designed by the country’s State Grid, according to Economic Information Daily, a local financial media outlet. Fast facts Users will be able to pay their electricity bills through the digital yuan app directly and do not need to…
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Australian buy-now-pay-later fintech Zip to launch crypto trading
In the latest example of a fintech company looking to branch into crypto, Australian buy-now-pay-later company Zip Pay has announced it will launch crypto trading services in the next 12 months, Reuters reports. Fast facts Zip co-founder Peter Gray told Reuters that crypto trading was one of the most requested features by users of the…
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India central bank plans digital Rupee rollout
India plans to implement the country’s digital currency in phases, Reserve Bank of India’s deputy governor Shri T Rabi Sankar said at a webinar organized by the Vidhi Centre for Legal Policy, New Delhi. Fast facts “CBDC (central bank digital currency) will be in the arsenal of most if not all central banks in the…
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NatWest blocks customer payments to Binance
In the latest blow to Binance — the world’s largest cryptocurrency exchange — U.K. bank NatWest is now blocking its customers from making payments to Binance both in the U.K. and abroad, reports Yahoo Finance. NatWest acted after Binance has come under increasing regulatory pressures. Fast facts The move by NatWest — a Scotland-based bank…
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Indonesian regulators play catch-up as crypto investment soars
Indonesia has seen red-hot growth in the crypto asset market, but the country’s regulators are just beginning to get to grips with burgeoning industry and formulate policy responses.
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How Asia is leading the way for digital currencies
Despite growing global interest, CBDCs are not all at the same stage of development. Amit Ghosh of R3 explains how countries in Asia are paving the way.