Tue, February 11

Central Bank of Kazakhstan Completes Second Phase CBDC Trial

Officials at Kazakhstan’s central bank, the National Bank of Kazakhstan (NBK), say they’ve finished phase two of testing the infrastructure supporting the country’s central bank digital currency (CBDC). The whitepaper produced by the regulator. Presents trial findings and research on the necessity for a new form of national fiat, the

December 18, 2022 1 min read

Shiba Inu Witnesses Significant Burn Rate of 252% in Last 24 Hours

The substantial reduction in the Shiba Inu (SHIB) circulating supply has been caused by the quantity of SHIB burnt in the recent hour. More tokens have been burnt in the past 24 hours than in the previous day. The Shibburn community burnt 1,500,000 SHIB tokens in a single transaction in

December 17, 2022 1 min read

Terra Classic (LUNC) Proposal 11030 Gets Green Light From Community

Separating the Terra Classic (LUNC) community from Terraform Labs and Do Kwon. As proposed by the Terra Rebels in their contentious Proposal 11030, seems to be turning into reality. In fact, as Jared of TFL pointed out before, splitting Terra Classic apart from Terra (LUNA) is the best option. Since

December 15, 2022 1 min read

USDT Stablecoin Issuer Tether Pledges to Eliminate Loans by 2023

In light of the rising speculation that Tether’s increasing amount of secured loans may lead to the downfall of the stablecoin issuer, Tether issued an official statement later today. The cryptocurrency corporation has decided to reduce its credit exposure to zero by 2023. Tether’s statement reveals the company is strengthening

December 14, 2022 1 min read

AliPay Integrates Digital Yuan For Instant Payments Boosting Adoption

AliPay has integrated the Digital Yuan to enable instant payments across all of Alibaba Group Holding’s e-commerce platforms, including Taobao and Tmall, in an effort to promote China’s digital currency, e-CNY. The Ant Group operates AliPay, the dominant digital payment system in China. Tuesday, December 13th was the formal announcement

December 13, 2022 1 min read

Chinese Officials Unearth $1.7B Money Laundering in Crypto

Chinese police in the Mongolian city of Tonglio have reported the arrest of 63 persons. For their role in a $1.7 billion cryptocurrency money laundering scheme that used the Tether stablecoin. According to the official statement released by law enforcement. The probe was initiated when a local bank saw a

December 13, 2022 1 min read

Tron’s Native Stablecoin USDD Depegs, Now Trading at $0.97

Early on Monday, Justin Sun said on Twitter that he had swapped over $773,000 worth of Tron’s native stablecoin USDD. Sun said that he has converted over $200,000 worth of USDC. And $570,000 worth of USDT to the stable currency USDD. Although it is supposed to be pegged to the

December 12, 2022 1 min read

Bank of England Seeks Proof of Concept Wallet For CBDC

Proof-of-concept for a wallet that may store a Central Bank Digital Currency (CBDC) is being sought by the Bank of England (BOE). The Bank of England (BOE) advertised a call for proposals on the Digital Marketplace. A platform for government agencies to offer digital project work, on the 9th of

December 12, 2022 2 mins read

Crucial Week For Terra Classic as Proposal 11030 Under Voting

The Terra Rebels’ official Proposal 11030 for Terra Classic has been submitted to the community for a vote. The plan will allow Terra Rebels to withdraw 937,500,000 LUNC tokens from the community pool, at a value of $150,000, to use in the creation of Rebel Station. Moreover, the LUNC group

December 9, 2022 1 min read

Tether Launching New Stablecoin on Tron Ecosystem

Tether, the major blockchain-enabled platform, has announced the release of an offshore Chinese Yuan (CNH) to the Tron blockchain. Bitfinex will be the first exchange to allow the user to deposit and withdraw CNH. Which is utilizing the Tron blockchain transport layer from the platform when it launches. #Tether Launches

December 7, 2022 2 mins read