Search Results for: rbi

CoinTracker Announces Multichain Expansion of Its Crypto Tax Solution With Support of Arbitrum, Optimism, and Cosmos

SAN FRANCISCO–(BUSINESS WIRE)–CoinTracker, the market leader in cryptocurrency tax and portfolio tracking for consumers, today announced its multichain expansion to provide support for Arbitrum, Optimism, and Cosmos. Starting today, users across these chains are now equipped with CoinTracker’s seamless crypto tax filing and portfolio tracking solution. The expanded support aims

February 16, 2023 3 mins read

Transactions in Arbitrum and Optimism Surpasses ETH Mainnet

Ethereum layer-2 rollups Arbitrum and Optimism’s daily transactions have increased in recent months. Meanwhile, Ethereum (ETH Mainnet) is experiencing a minor downtrend. As per reports daily active users have lately increased on Arbitrum and Optimism. The optimistic rollups, Arbitrum and Optimism aim to lower the cost of transactions for the

January 11, 2023 1 min read

OpenSea Reveals Support for Gaming Chain Arbitrum Nova

OpenSea, the world’s first and largest web3 marketplace for NFTs and Crypto collectibles, now supports Aribitrum Nova and has ultra-low transaction costs and strong security. It powers dapps with high transaction volumes that aim to reduce expenses even more. This helps the Arbitrum ecosystem develop. We’re excited to now support

January 10, 2023 2 mins read

Reserve Bank of India Eyes 1 Million Users of Digital Rupee

RBI Executive Director Backs Digital Rupee as India Pushes For CBDC

At a session titled “Digital Rupee: A Way Forward.” Executive director of the Reserve Bank of India Ajay Kumar Choudhary said that adopting digital currency will greatly improve system operating efficiency and advance financial inclusion. Furthermore, Choudhary argues that transitioning to a digital rupee will provide new levels of stability.

December 23, 2022 1 min read

Do Kwon Encashed $120,000 Worth Bitcoins in Serbia

As an important case in the market, the location of Do Kwon, the founder of Terraform Labs remains hidden from the crash of the entire Terra network. The South Korean government was taking out so many initiatives to find his whereabouts. In light of this case, Kwon cashes out a

December 23, 2022 2 mins read

Cryptocurrencies Will Cause the Next Financial Crisis, Says RBI Governor

Shaktikanta Das, the Governor of India’s central bank, The Reserve Bank of India (RBI), has issued a cautionary statement regarding cryptocurrencies. On Wednesday, the RBI governor declared that private cryptocurrencies will create the next financial catastrophe. He added that he still believes in the need for cryptocurrency regulation. Shaktikanta stated:

December 21, 2022 2 mins read

OrBit Markets and Flowdesk Announce Partnership to Develop Treasury Management Solutions

SINGAPORE–(BUSINESS WIRE)–OrBit Markets, the leading institutional liquidity provider in digital asset options and structured products, today announced a strategic partnership with Flowdesk, a provider of trading infrastructure for market-making and other crypto financial services. After a rapid growth over the past two years, token issuers now face many challenges such

December 12, 2022 2 mins read

OrBit Markets Launches Staking Yield Swaps

SINGAPORE–(BUSINESS WIRE)–#crypto–OrBit Markets, the leading institutional liquidity provider in digital asset options and structured products, has launched an innovative product allowing stakers to swap their variable staking rewards into a guaranteed fixed rate. The product was first designed in response to a request from Ribbon Finance, who has been pioneering

December 6, 2022 2 mins read

Reserve Bank of India Announces CBDC Pilot Launch in 4 Cities

Reserve Bank of India (RBI) Launches CBDC Pilot Phase

The CBDC pilot programme at India’s central bank began earlier today. The RBI has released the digital rupee, commonly known as the e-rupee. Although cryptocurrency is not permitted on Indian soil, Central Bank Digital Currency (CBDC) has been met with official support. The Reserve Bank of India (RBI) said in

November 2, 2022 1 min read