Technology

Jamaica plans to pilot a central bank digital currency this year.

Caribbean island of Jamaica has announced its plans to pilot a CBDC this May as it has been working with an "extensive procurement process." The country's central bank has chosen a technology provider to help with the CBDC solution....

Elon Musk announces Tesla is now accepting bitcoin for payments.

The world's leading Electric Vehicle manufacturer Tesla is now accepting bitcoin payment for its vehicles as soon as the announcement saw daylight. In a series of tweets, Tesla CEO Elon Musk announced that customers could pay for a Tesla...

Coinbase hit with a $6.5 million penalty from the U.S. CFTC.

The U.S-based crypto exchange giant Coinbase has been hit with a US$6.5 million penalty from the U.S. Commodity Futures Trading Commission (CFTC). The charges, which the CFTC filed and settled on the same day, were for "reckless false, misleading...

Grayscale announces the launch of five new digital currency investment trusts.

The world’s largest cryptocurrency asset manager, Grayscale, has announced the launch of five new digital currency investment trusts to expand its offerings. The company now has a total of 14 investment products. According to the official press release, Grayscale...

Swiss financial watchdog rejects banking license of Bitcoin Suisse AG.

According to the Reuters report, the Swiss Financial Market Supervisory Authority (FINMA) has informed Zug-based financial intermediary Bitcoin Suisse AG that it considers its 2019 application for a banking license to be ineligible for approval the markets watchdog said...

Crypto exchange Kraken is considering going public in 2022 via a direct market listing.

The California-based crypto exchange Kraken's intentions for public listing were first revealed by Fox Business reporter Charles Gasparino on Twitter, saying that there could be a traditional initial public offering (IPO) or a merger with a blank check acquisition...

Encrypted messaging platform Signal now accepts bitcoin in donations.

The encrypted, privacy-oriented messaging app Signal is now accepting different cryptocurrencies in donations. Signal officially announced on Twitter that the platform has started accepting crypto donations as a form of support for the Signal Technology Foundation, the nonprofit organization behind the...

Bank of Japan’s governor says the central bank needs to “prepare thoroughly” for the digital currency.

According to the Reuters report, Bank of Japan's Governor Haruhiko Kuroda on Tuesday stressed the need for the country's central bank to "prepare thoroughly" for the time it may need to issue its own digital currency. The BOJ will...

Demand for bitcoin mining machines rises amid bitcoin’s massive rally.

Bitcoin mining companies in China ramped up efforts to meet the rising demand from overseas, mainly from North America and Asia. The crypto-currency price skyrocketed, partially due to the world uncertainty over the US government's monetary easing and the...

India is proposing a strict ban on cryptocurrency.

According to the Reuters report, the proposed bill in India can be one of the world’s strictest actions against crypto and would not only criminalize possession, issuance, mining, trading, and transfer of crypto but also leave a big dent in...

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Microstrategy plans to sell up to $1 billion of its shares to invest more in bitcoin.

Since Microstrategy’s $500 million sales in debt offerings, the publicly-traded software company has taken further steps to fuel its...