On Tuesday, Circle CEO Jeremy Allaire predicted additional bankruptcy filings in the cryptocurrency sector in 2023. Due to ongoing early-stage company struggles. He is nevertheless hopeful about forthcoming market innovations. And an increase in the pace of crypto adoption in 2023 as a result of advancements in legal frameworks and
Due to technological difficulties, the European Union has to postpone the implementation of its major new law, the Markets in Crypto Assets Regulation (MiCA). But the final vote won’t happen until April at the earliest. Problems in translating the roughly 400-page document into the 24 official languages of the union.
On Monday, Solflare, a wallet on the Solana network, revealed that users will be able to pay higher gas prices in order to bypass network congestion. Solrise Finance co-founder Vidor Gencel stated: “[Solflare] is the first to implement this in a user-friendly way. In-wallet transactions will automatically be prioritized with
According to reports, the Russian government and the Central Bank of Iran are discussing the possibility of forming a collaboration to develop a new stablecoin that may simplify cross-border transactions. The value of the token will be tied to that of gold. Vedomosti, a Russian news site, claims that officials
The Tanzanian central bank is still thinking about introducing a central bank digital currency (CBDC), but they claim they would do it in a “phased, cautious, and risk-based approach” due to the many potential obstacles in the way. The Central Bank stated: “Analysis of these findings indicate that majority of
With a slew of new digital asset rules slated to go into effect this year. Regulators in Hong Kong will soon select which crypto tokens its people may invest in. This is the most recent crypto regulatory action taken by Hong Kong, a market with deep roots in the trade
When it comes to Bitcoin and other digital currencies, the Reserve Bank of India (RBI) has issued a strong warning. Governor of the Reserve Bank of India Shaktikanta Das said, in light of the FTX disaster, that such illiquid instruments “are nothing but gambling” and that their apparent value is
During the experimental phase of a proposal to create a currency using the Stellar network. Ukraine’s Tascombank attempted to pilot test an “electronic hryvnia.” According to a report released by the bank. The currency was used in trials to settle payments between buyers and sellers. To clarify, the bank said
Djed, the Cardano-powered stablecoin, will be released in the latter half of January. According to the official account for the stablecoin. The Cardano community, which has been anticipating the launch of the first algorithmic stablecoin on the world’s biggest proof-of-stake blockchain, responded positively to this news. The COTI decentralized payment
Authorities in Europe have shut down a fraud network of call centers that preyed on people interested in investing significant sums of money in cryptocurrency scams. The facilities were located in Serbia, Bulgaria, Cyprus, and Germany. According to a news statement issued by Eurojust on Thursday, the network was responsible
