Eswatini recently became the latest African country to jump on the central bank digital currency (CBDC) bandwagon after its central bank selected Giesecke Devrient, a Germany-based technology firm, as its partner. An agreement signed by both parties aims to enable them to deepen their “understanding of the practicalities of implementing a CBDC in Eswatini.” Retail CBDC Presents Strongest Opportunity for…
The newly-launched Aptos token (APT) is down 40.5% on its first day of trading, according to data from crypto price aggregator CoinGecko. The native token for the so-called “Solana-killer” currently trades at $8.06, after dropping more than a third of its value since the platform captured the first trade at $13.73. There are currently big disparities between numbers on different…
The newly-launched Aptos token (APT) is down 40.5% on its first day of trading, according to data from crypto price aggregator CoinGecko. The native token for the so-called “Solana-killer” currently trades at $8.06, after dropping more than a third of its value since the platform captured the first trade at $13.73. There are currently big disparities between numbers on different…
The U.S. Internal Revenue Service (IRS) has given NFT investors new clarity about how the assets are set to be taxed. As per the IRS’ 2022 tax year guide, all “digital assets,” including stablecoins, non-fungible tokens (NFTs), and cryptocurrencies are set to be taxed under the same rules. This is a departure from the 2021 guide which used the more…
Bitcoin’s (BTC) future may “stand in stark contrast to the rest of the world,” asset manager Fidelity Investments predicts. In a recent research piece, “The Rising Dollar and Bitcoin,” released Oct. 10, Fidelity Digital Assets, the firm’s crypto subsidiary, drew a line between Bitcoin and other currencies. Report: Bitcoin “does not correspond to another person’s liability” While hardly a stranger…
Consumers in India are getting more options for a digital shopping experience as major local e-commerce platforms increasingly experiment with blockchain and metaverse. Indian shoppers can try out products from brands like Puma and Nivea in the gamified, interactive metaverse. That is thanks to local e-commerce giant Flipkart launching a metaverse space for consumers to discover products in a photorealistic…
Three people associated with notorious OneCoin founder Ruja Ignatova have appeared in a German court facing charges over their alleged roles in a multibillion-dollar fraud operation. The associates of the famous “Cryptoqueen” fugitive businesswoman are accused of money laundering, fraud, and banking crimes, Bloomberg reported. One man, a Munich lawyer who worked for Ignatova, is alleged to have transferred €20…
The Israeli Ministry of Finance, together with the Tel Aviv Stock Exchange (TASE), digital assets custody provider Fireblock and the United States software solutions developer VMware, will conduct the testing of a blockchain-backed platform for digital bonds trading. These bonds will be issued by the Ministry of Finance. The news broke out in the local media on Oct. 19. Coming…
Berlin-based neobank Nuri has officially closed down the shop, citing “insuperable” challenges, which kept the firm from raising new funds or finding an acquirer. Formerly known as Bitwala, Nuri filed for insolvency in August this year after letting go of 20% of its workforce as the firm struggled with the rout in cryptocurrency prices. According to Nuri, the firm has…
Authorities in Brussels are taking steps to reduce power consumption, including in cryptocurrency mining, as the EU faces limited energy supplies from Russia, the reliance on which it has been trying to lower. New energy efficiency labeling is to address the growing electricity usage in the crypto sector. EU to Develop Energy Efficiency Label for Data Centers Amid Increasing Consumption…
