China and Malaysia discuss Asian Monetary Fund
In recent years, a number of Asian countries have shown an interest in distancing themselves from the United States dollar and the International Monetary Fund (IMF), both of which have…
BRICS Alliance Considers Creating New Currency
The world's economic powerhouses appear to be distancing themselves from US dollar hegemony as they look to create a new world order. The BRICS alliance, which is made up of…
BitMEX to Launch BMEX Token Trading on Friday
Crypto exchange Bitmex has announced it will launch the trade of its BMEX token on 11 November. As the company aims to regain market share in the derivatives space, Bitmex…
Turkish Central Bank Announces Partnership With Technology Firms To Develop CBDC
The Central Bank of the Republic of Turkey (CBRT) announced that it has signed agreements with several major institutions and also created the “Digital Turkish Lira Collaboration Platform” to expand…
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Central Bank Of Turkey Expands Research, Prepares To Test Digital Lira On New Platform
The Turkish central bank has established a new platform together with technology stakeholders to further the development of a digitalized version of the national fiat currency. The new collaboration will…
Burnt Ethereum Edges Closer To A Billion-Dollar Value
After the London Hardfork or EIP 1559 upgrade went live on August 5, the first-ever deflationary block on the Ethereum network occurred because scarcity was introduced every time Ether was…
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Chinese Banks Seek New Applications For Digital Yuan In Investment And Insurance
Two Chinese banks are expanding their pilot programs for the digital national fiat. The state-owned financial institutions have revealed they are aiming to allow digital yuan holders to acquire investment…
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Korea’s FSC Chairman Nominee Skeptical Over Cryptocurrency As Financial Asset
A former central bank official, nominated to head South Korea’s financial watchdog, has expressed skepticism about recognizing cryptocurrency as a financial asset. In comments to a parliamentary committee, Koh Seung-beom…
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Future Of Digital Euro ‘Not Clear Yet,’ Former Eurogroup Official Says
Europe’s digital currency project has made some progress recently, with the Eurozone’s central bank moving to its next stage. Critics point, however, to the continuing lack of clarity around the…
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Ukraine’s ‘Largest Illegal’ Mining Facility May Have Been A FIFA Bot Farm
A data center busted by Ukrainian law enforcement this month for suspected electricity theft may have had a purpose different from mining cryptocurrencies. Ukraine’s security service described the facility as…