The Bahamas is taking steps to enhance the adoption of its central bank digital currency (CBDC), the “Sand Dollar,” by providing access through commercial banks. Central Bank of The Bahamas Governor, John Rolle, has announced plans to establish regulations within two years. The intention is for all commercial banks to eventually offer their clients access
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Cardano, one of the prominent cryptocurrencies in the market, has been under scrutiny by crypto analysts for its recent price movements. While the price of Cardano has been on a downward trend for most of the year, some analysts are now pointing towards a potential rebound based on new technical patterns. One of the key
Circle, a prominent player in the cryptocurrency space, made headlines on July 1 when it announced that it had secured an e-money license from France. This significant development positions Circle as the first global stablecoin issuer to adhere to the EU’s Markets in Crypto-Assets (MiCA) regulations. The e-money license, granted by the Autorité de Contrôle
Futureverse, a company specializing in AI and metaverse technologies, has recently announced a groundbreaking partnership with Animoca Brands, a leader in digital property rights and blockchain-based entertainment. This strategic collaboration aims to elevate Futureverse’s metaverse technology by seamlessly integrating it with Animoca Brands’ extensive ecosystem of blockchain products. The companies have agreed to conduct an
Sony Group, a well-known conglomerate in Japan, has recently made headlines with its acquisition of Amber Japan and the launch of a new crypto exchange. The acquisition of Amber Japan’s WhaleFin exchange, which will be rebranded as S.BLOX Co, signals Sony’s entry into the world of cryptocurrencies. This move is part of Sony’s strategy to
Keith Gill, also known as “Roaring Kitty,” a stock trader who gained fame during the GameStop frenzy in 2021, is now facing securities fraud claims. A class-action lawsuit filed in the Eastern District of New York accuses Gill of engaging in a “pump and dump” scheme through his social media posts. The lawsuit alleges that
Bitcoin, known for its 24/7 accessibility, has seen a significant decrease in weekend trading volumes according to a recent report by Kaiko. The data shows a dramatic drop from 28% in 2019 to only 16% in 2024, indicating a shift in trading patterns. The introduction of spot Bitcoin ETFs in the US has played a
June was a month full of ups and downs for Bitcoin, with the price experiencing a significant amount of volatility. The price ranged from a high of $72,000 to a low of just over $58,000. Unfortunately, the bears were able to push the price down by 7.12% overall. This raises the question – what can
In the ever-evolving world of web3, Blast Network is making a name for itself as a standout player among Ethereum Layer 2 (L2) solutions. Launched by the brains behind the Blur NFT marketplace, Blast Mainnet officially went live in February of 2024. The primary goal of Blast Network is to tackle the prevalent issues of
Vitalik Buterin, the renowned co-founder of Ethereum, recently expressed his concerns about the current state of cryptocurrency regulation, especially in the United States. He pointed out a regulatory paradox where projects with vague promises and unclear potential are given more freedom to operate, while those that provide transparent information and define investor rights are classified
