Technology

Ukrainian lawmakers approve a draft bill on digital currency regulation.

Ukraine has approved a draft bill on the digital currency regulation. The move is expected to pave the way for a new legal structure for regulating the crypto sector in the country. The Draft Bill on Virtual Assets was...

Chinese e-commerce company JD.com to accept digital yuan.

According to the Reuters report, Chinese e-commerce company JD.com has become the first Chinese company to accept digital yuan as a mode of payment. JD Digits, the company’s fintech arm, will accept Chinese digital yuan as payment for some...

A top PlusToken operator jailed for 11 years in China.

One of the biggest digital currency scam PlusToken operators has been sentenced to jail for up to 11 years. A Chinese court also fined the PlusToken operators up to $900,000 for their $2.25 billion Ponzi scheme roles. PlusToken lured...

US lawmakers mention digital currency in the annual Defense Bill.

The US Congress is finishing up its negotiations surrounding the National Defense Authorization Act (NDAA) for the 2021 fiscal year before the bill is set to appear before both the House of Representatives and Senate. The NDAA is a...

Venezuelan hacker arrested for allegedly stealing $1.9 million in bitcoin.

Venezuelan police arrested two hackers who allegedly stole close to $2 million from a local crypto exchange. The two accused used obfuscation protocols to cover their tracks, but police managed to track the heist to a company they are...

Ripple CTO says validators could force the company to burn its 48 billion XRP tokens.

The blockchain payment giant Ripple's chief technology officer David Schwartz has admitted the company could be forced by validators to burn its 48 billion XRP tokens, regardless of if it agrees with the decision or not. Ripple holds half...

US lawmakers propose a new bill seeking mandatory federal approval for stablecoins.

A new bill, introduced to the US Congress this week, could enforce blanket regulation on all stablecoins. If passed, any service provided concerning stablecoins would become illegal without first receiving multiple government bodies' approval. The proposed bill, dubbed "The...

BlackRock CEO thinks Bitcoin could threaten the US dollar dominance.

The number of BlackRock executives speaking highly of Bitcoin has just doubled with the CEO of the world's largest asset manager. Larry Fink recently said that the leading cryptocurrency, Bitcoin, had caught many people's attention, and it could evolve...

The central bank of Russia discusses digital ruble with commercial banks’ executives.

The central bank of Russia recently met with some of the country's commercial banks to discuss the proposed digital ruble. The discussions centered on the regulator's role in digital ruble issuance, whether it would replace or supplement paper cash,...

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The Bank of International Settlements is building a CBDC settlement platform.

CBDC research has been announced as a top priority for the Bank for International Settlements’ Innovation Hub, or BISIH,...