digital currencies

This holiday season, the Entertainment Software Association (ESA) unveiled data highlighting a shift in children's gift preferences. Contrary to the expectation of physical video game requests, kids aged 10 to 17 in the U.S. are clamoring for digital currency and video game subscriptions....

Mt. Gox, the once-dominant Bitcoin (CRYPTO: BTC) exchange that ceased operations in 2014, announced imminent cash repayments to some creditors. In an email sent to creditors, the exchange indicated the rehabilitation trustee was working to initiate cash repayments within 2023,...

The world of cryptocurrency has been shaken by recent events surrounding Binance (CRYPTO: BNB), one of the largest and most influential crypto exchanges globally.  The exit of its CEO Changpeng Zhao and a staggering $4 billion fine have sent ripples through the industry. Benzinga...

In a significant move towards the digitization of currency, Singapore’s central bank, the Monetary Authority of Singapore (MAS), plans to test the live usage of wholesale central bank digital currencies (CBDCs) in 2024. What Happened: The announcement was made by MAS’s Managing Director...

Yannik Schrade, co-founder of privacy protocol Elusiv, articulated on Friday a nuanced view on the regulatory stances in the U.S. and Europe. Schrade emphasized the need for innovation-friendly policies, even as he delved into the intricacies of maintaining privacy in the era of...

A group of Republican lawmakers has called on U.S. Attorney General Merrick Garland to contemplate levying charges against the crypto exchange platform Binance (CRYPTO: BNB), following reports suggesting its potential involvement in financing illicit activities. Binance didn't immediately...

In the wake of last week's significant market downturn, the cryptocurrency landscape has been a topic of intense debate and speculation, with market caps across the board witnessing substantial declines, leading to polarized opinions among traders and investors. While some anticipate a swift...

The market for stablecoins, digital currencies anchored to assets like the U.S. dollar, is projected to surge from its current value of $125 billion to a staggering $2.8 trillion within the next half-decade, according to a study. A Bernstein report suggests that as these digital currencies...

Cryptocurrency derivatives and copy trading platform Bitget on Monday announced the launch of its Bitget Web3 Fund, investing an initial $100 million in the fund to support the development of the next generation of cryptocurrency projects. The fund said it will seek out VCs and projects...

The ambitious plan by the BRICS nations — Brazil, Russia, India, China and South Africa — to create a new global currency is not only an economic endeavor but also a technological one. As these countries work together to establish a currency that could potentially reshape...

The world’s largest digital currency Bitcoin (CRYPTO: BTC) broke the $25,000 mark last week, reaching a new high for 2023, a stark contrast to November when the cryptocurrency saw a significant drop to a 2022 low of $15,742 following the FTX (CRYPTO: FTT) crisis. The apex crypto's...

Investment bank Goldman Sachs Group Inc (NYSE: GS) announced the launch of a tokenization platform GS DAPTM, deployed on the Canton blockchain. Leading software vendor Digital Asset's Daml smart contract language powers the service. What Happened: The platform, which was developed with the...

When cryptocurrencies first started gaining the attention of mainstream investors in early 2017, a number of crypto pundits were quick to claim that they could act as an effective hedge against inflation. Citing the limited token supply of cryptocurrencies like Bitcoin (CRYPTO: BTC) as the chief...

Cryptocurrency exchange Kraken on Wednesday announced that it will stop offering trading services through its subsidiary, Payward Asia, in Japan on January 31, 2023, and deregister from the Financial Services Agency of the Asian nation. This marks Kraken's second exit from the...

Researchers at JPMorgan Chase & Co (NYSE: JPM) say the U.S. cryptocurrency market displays signs of "herd-like behavior" because many investors bought digital currencies at their peak. The report, titled "The Dynamics and Demographics of U.S. Household Crypto-Asset Use,"...