Tech

9 January

Sberbank Pushes for Delay: Moscow to Postpone Digital Ruble Launch Until 2026

In a significant development, Sberbank, Russia’s largest state-owned bank, has urged the Russian government to delay the launch of the digital ruble until 2026. Initially slated for introduction in the coming years, the proposed delay has sparked discussions about the digital currency’s potential impact on Russia’s financial ecosystem and its integration with global monetary systems. Sberbank’s suggestion highlights concerns about …

9 January

Hong Kong Unveils Plan to Fast-Track Blockchain Adoption in Banking

Hong Kong has taken a bold step towards revolutionizing its financial sector by launching a new initiative aimed at accelerating the adoption of blockchain technology in the banking industry. The move, announced by the Hong Kong Monetary Authority (HKMA), is designed to strengthen the city’s position as a global financial hub while embracing the digital transformation sweeping across the global …

9 January

Gary Gensler Warns of Crypto Shakeout: Sentiment Overpowers Fundamentals

Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), has issued a stark warning about the future of the cryptocurrency market, predicting a “shakeout” as sentiment continues to overshadow underlying fundamentals. Gensler’s comments come at a time of heightened volatility in the crypto space, with market sentiment often swinging wildly in response to news, social media trends, and …

9 January

Dutch Law Student Arrested in $4.6M Crypto Investment Scheme Fraud

A Dutch law student has been arrested in connection with a massive cryptocurrency investment scheme that defrauded investors of approximately $4.6 million. The arrest, which took place earlier this week, has sent shockwaves through the crypto community, raising questions about the involvement of young professionals in fraudulent crypto activities. The scheme allegedly promised high returns on digital asset investments but …

9 January

OKX Alerts Users About Fake Wallet Plugins Targeting Firefox Extension

OKX, one of the world’s leading cryptocurrency exchanges, has issued a warning to users about a new security threat involving fake wallet plugins for the Firefox browser. The fraudulent plugins, which masquerade as legitimate cryptocurrency wallet extensions, are being used to steal users’ funds and sensitive information. OKX is urging its users to remain vigilant and take necessary precautions to …

9 January

Crypto for a Cause: Donations Fuel Los Angeles Wildfire Relief Efforts

As devastating wildfires continue to ravage Los Angeles and surrounding areas, organizations are turning to cryptocurrency donations to support relief and recovery efforts. The move highlights the growing role of digital assets in humanitarian aid, offering speed, transparency, and global reach for contributors. Wildfires Wreak Havoc in Los Angeles The ongoing wildfires have destroyed thousands of acres, displaced residents, and …

9 January

U.S. Government to Offload 69K BTC Worth $6.5B Seized from Silk Road

The U.S. government is set to liquidate 69,000 Bitcoin, currently valued at approximately $6.5 billion, seized in connection with the infamous Silk Road dark web marketplace. This move marks one of the largest Bitcoin disposals by a government authority and could have significant implications for the cryptocurrency market. The Silk Road Seizure The Bitcoin in question was confiscated from the …

9 January

South Korea Eyes Corporate Crypto Investments: Regulators to Review Policy This Year

South Korean regulators are taking a significant step toward embracing cryptocurrency by considering a plan to allow companies to buy and hold digital assets. The move, expected to be reviewed later this year, could signal a shift in the nation’s approach to corporate crypto investments and further cement South Korea’s role as a leader in blockchain innovation. Regulatory Shift in …

9 January

U.S. Dominates Bitcoin Reserves: 65% More Held Than Rest of the World

The United States continues to cement its position as a global leader in Bitcoin adoption and accumulation. Recent data reveals that U.S.-based entities hold 65% more Bitcoin reserves than their non-U.S. counterparts. This dominance underscores America’s pivotal role in shaping the future of the cryptocurrency market, with implications for global economic influence and digital asset regulation. Bitcoin Accumulation by U.S. …

9 January

Bitcoin Tumbles Below $97K: $555M Liquidated Amid Strengthening US Economy

Bitcoin, the world’s largest cryptocurrency, has experienced a sharp decline, falling below the $97,000 mark. This drop was accompanied by $555 million in liquidations across the crypto market, sending shockwaves through traders and investors alike. The price action coincides with strengthening U.S. economic indicators, raising concerns about the correlation between cryptocurrency performance and macroeconomic trends. Economic Indicators Fuel Market Volatility …