El Salvador recently became the first country to adopt Bitcoin as a legal tender in financial transactions, and now it plans to issue a stablecoin. The President, who calls himself “the coolest president in the world,” took the first step to equip his citizens with a digital means of paying […]

The Reserve Bank of India (RBI) has finally unveiled its CBDC plans. It soon intends to launch an official digital currency in a phased manner, beginning with wholesale and retail segments. In a key-note speech at a webinar of a legal think tank on July 22, RBI Deputy Governor T. […]

Social media platform Reddit announced it would be using scaling solution Arbitrum to handle scaling its Ethereum-based Community Points system. In a Thursday announcement, Reddit administrator jarins said the platform had launched its own layer-2 rollup using Arbitrum technology for its rewards points. Reddit said it had deployed the layer-2 […]

Crypto trading platform FXT announced the launch of a BEP-20 token after its ERC-20 token witnessed an impressive 1,500% growth since its launch back in January. The new token, which is built on Binance Smart Chain, is designed to reduce transaction costs and settlement times compared with its Ethereum-based predecessor. In […]

Texas is the latest state to file a cease and desist order against BlockFi, the New Jersey-based digital currency company. Regulators in Texas are targeting BlockFi and its two subsidiaries–BlockFi Trading and BlockFi lending– and are claiming that BlockFi is selling unregistered securities via its BlockFi Interest Accounts. “On or […]

“China’s rejection of open-source software crypto-assets may mark a plateau in the country’s economic ascent, we believe,” says Mike McGlone, a Senior Commodity Strategist at Bloomberg Intelligence. Hedge fund manager Anthony Scaramucci has gone even further, saying that the recent regulatory crackdowns from the Chinese government equate to a “Tiananmen […]

Blockchain is certainly the next big technology for the global economy. Extensive research is underway involving governments, the private sector, and academia to expand its application in the real world. Massachusetts Institute of Technology (MIT), the world’s leading engineering university, is one such institution now offering Blockchain distance learning courses. […]

XRI, which is recently gathering attention as a project of virtual space for new businesses, was listed on Coineal. They announced that they will start their launch pool at the exchange on July 26th. What is XRI? XRI is the virtual space where blockchain technology and the world’s data intersect. […]

It’s old folk wisdom that you can’t escape the long arm of the law forever. In the case of BTC and other digital currencies, it seems that the very long arm of the European Union (EU) is about to wrap itself around them and squeeze. On July 20, EU policymakers […]

Singapore Exchange (SGX), Asia’s leading multi-asset exchange and FX derivatives marketplace, today announced that it has acquired the single source and direct-to-market FX trading platform, MaxxTrader. According to an official press release shared with Finance Magnates, SGX is planning to expand its reach into the FX over-the-counter (OTC) ecosystem through the […]