The paper provides a concise overview of the rationale for the launch of CBDC. Since its inception, the RBI has been wary of public blockchains and cryptocurrencies. In a 51-page memo released on October 7, the Reserve Bank of India (RBI) detailed the planned characteristics and rationale for the central
With the change in ownership came a substantial increase in trading volume. Leon Li will no longer have any say in Huobi Global’s day-to-day operations. On Saturday, Huobi Global said that its founder Leon Li has sold a majority of the company to About Capital Management of Hong Kong. Huobi
Zetrix introduced its Zetrix TradeFi decentralized platform for funding supply chains. The private and public sectors in Malaysia may be brought into the Web 3.0 era. According to a press release from MYEG’s Zetrix Blockchain, Malaysia will soon begin development on its own national public blockchain. There was an MOU
Shiba Inu has indeed been battling the red candle march for several weeks. Volume profiles indicate that short-term investors and traders are the main supporters of the Shiba Inu. The crypto has been in slump for the past few weeks, however some have made significant recoveries without unveiling any concrete
Friday stock market closing depicted around $930 billion liquidity in total. The number of people unemployed or seeking jobs remains 3.5% lower than the projected rate. The global market, both crypto, and the stock have trampled down post the U.S employment rate release. The current rate is alike to the
Pre-market trading saw declines of more than 1% for the S&P 500. Non-farm payrolls in the United States for September came in higher than forecast. When the September non-farm payroll report from the U.S. Bureau of Labor Statistics was made public, the price of bitcoin dropped by more than 4
The finance minister of Norway, Trygve Slagsvold Vedum, has proposed that the government do away with a programme that gives crypto data centers a discounted cost on power. The Norwegian government made a proposal on Oct. 6 that might affect Bitcoin miners by making data centers in the nation pay
As the entire market is witnessing a bearish scale at present, some financial giants are initiating challenging tasks in the crypto industry. Witnessing, digital currencies becoming the future, the payment giant – Visa is building a bridge into crypto space. Further the active engagement of the users in crypto made
The market cap of cryptocurrencies increased 8.5% ($981M) in Q3. According to the report on the crypto market signaling recovery from the bear market. A market analysis report from DappRadar for the third quarter (Q3), which uses on-chain data, indicates the cryptocurrency market’s recovery from the current bear market conditions.
LockBit ransomware group has been one of the most prominent criminal organizations. The LockBit ransomware was recently updated to version 3.0. On October 3, ransomware infected the Bank of Brasilia, a government-controlled bank in Brazil. The hackers wanted 50 BTC in exchange for not releasing customer data. Local news outlet
