Future of CBDCs in Hong Kong uncertain as pilot program concludes

The Hong Kong Monetary Authority (HKMA) remains undecided on making a policy decision regarding the introduction of a retail central bank digital currency (CBDC) after concluding the first pilot project of the... Read more »

Brazil reports stablecoin boom as USDT trading volume surpasses all other digital assets combined

Brazil’s Receita Federal — the Special Department of Federal Revenue — has recently reported a substantial increase in the usage of stablecoins, specifically Tether’s USDT. According to the regulator’s report, the volume... Read more »

Taiwan introduces bill aiming to create regulatory framework for crypto

Taiwan has taken a significant step towards regulating its flourishing virtual asset market by introducing a new bill called the “Virtual Asset Management Regulations Draft,” which aims to create a comprehensive regulatory... Read more »

Elon Musk says X payments will eliminate need for bank account by end of 2024

Twitter/X owner Elon Musk revealed new details of his planned payment services during an all-hands staff meeting, as reported by The Verge on Oct. 26. Musk said the new feature will cover... Read more »

VanEck believes Solana can grow 10,000% in value if it onboards 100M users

Asset management firm VanEck believes Solana could see a 10,000% growth in value by 2030 if the blockchain attracts 100 million users, according to a new research report. The most striking prediction... Read more »

SBF Trial – Week 4 concludes with SBF telling jury he was blindsided by $8B shortfall

Sam Bankman-Fried (SBF) took the stand again on Oct. 27 — this time in front of a jury — and told the courtroom that he had been blindsided by the $8 billion... Read more »

Gemini sues Genesis over $1.6B worth of Grayscale Bitcoin Trust shares originally posted as collateral

Gemini Trust Co. filed suit against troubled digital asset lender Genesis Global Capital on Oct. 27, seeking to recover $1.6 billion in collateral for Gemini customers trapped when Genesis halted withdrawals in... Read more »

SBF Trial – SBF claims he acted in good faith as lawyers blessed his decisions at FTX

SBF’s trial resumed on Oct. 27, with the former billionaire taking the stand in the latter half of the day after the prosecution’s final witness in the case was excused. The hearing... Read more »

Could a spot Bitcoin ETF lead to ‘paper’ Bitcoin controlling the market?

The air is thick with speculation. Bitcoin, the flagbearer of the digital currency realm, stands at the precipice of historic transformation. The game appears to be changing with financial titans like BlackRock,... Read more »

SBF Trial – Prosecution no longer expects early conclusion after SBF decides to testify

Sam Bankman-Fried’s (SBF) trial is set to resume on Oct. 27, with the prosecution bringing its final witnesses to the stand before it rests its case and the former billionaire set to... Read more »