‘Pay more attention’ Ethereum co-founder says of crypto crash Ethereum’s co-founder Gavin Wood said cryptocurrency investors need to be more aware of what is backing their holdings after a market rout which wiped more than $800 billion off their value.
Central African Republic to launch bitcoin investment platform Central African Republic will launch the continent’s first legal cryptocurrency investment hub, the presidency said, extending the impoverished country’s embrace of digital finance despite words of caution from the International Monetary Fund.
Crypto Startup Tries to Claw Its Way Back From Luna Disaster The implosion of the algorithmic stablecoin TerraUSD and its sister Luna token sent shock waves through the cryptosphere, crashing prices and roiling the entire ecosystem behind the coins. The
Top stablecoin Tether boosts US Treasuries holdings Tether, the world’s largest stablecoin, said it had boosted its holdings of US government debt while cutting exposure to riskier assets, the first look at its reserves since the crypto sector’s recent sell-off
G7 countries urge swift regulation of crypto assets – draft The world’s top financial leaders called on Thursday for the swift and comprehensive regulation of cryptocurrencies following turmoil that has seen the demise of the Terra stablecoin last week, a
Crypto-loving S.Koreans bet on Luna rising from ashes, worrying regulator Reckoning they have little to lose with prices so ridiculously low, South Korean speculators in recent days have piled into Luna, a cryptocurrency that lost 99.99 per cent of its
South African central bank eyes digital rand to cut cross-border payment costs A digital rand in South Africa could cut the high cost of cross-border payments for banks but its introduction is still a few years away, a senior central
Crypto crash leaves El Salvador with no easy exit from worsening crisis El Salvador’s big bet on bitcoin, which the Central American nation has been buying since September, has soured in recent weeks as a cryptocurrency rout shaved over a
Russia to legalise cryptocurrency as means of payment ‘sooner or later’ – minister Russia will sooner or later legalise cryptocurrencies as a means of payment, Industry and Trade Minister Denis Manturov said on Wednesday, suggesting that the government and central
Sony readies for metaverse revolution with cross-platform push Japanese conglomerate Sony Group Corp said it is well-positioned to play a leading role in the metaverse, or immersive virtual worlds, which commentators speculate will massively disrupt industries and establish new powerhouses.