Digital currency

Asia Takes Center Stage: Crypto Company Shifts Attention to the East Amid Hong Kong's Regulatory Overhaul

Circle Crypto Company Shifts Attention to the East Amid Hong Kong’s Regulatory Overhaul

David Perry2 years ago2 years ago03 mins

Circle Internet Financial Ltd. expands into Asia’s cryptocurrency markets, specifically Hong Kong, while closely monitoring the territory’s evolving crypto regulations. Key Points Circle Internet Financial Ltd., a prominent American digital currency company, is expanding its operations into the promising cryptocurrency markets of Asia. CEO Jeremy Allaire is closely monitoring the evolving crypto regulations in Hong…

Ethereum Staking Withdrawals Experience Sluggish Movement After a Massive Exodus of 1M ETH

Michael Nicholas3 years ago3 years ago03 mins

According to data from Token Unlocks, there has been a significant withdrawal of approximately one million ETH following the Shapella upgrade on April 12. However, the deposit of 370,000 ETH during the same period means that the staking balance has not seen a decline of one million. Token Unlocks has calculated that the present staking…

UK’s FCA Strikes Out Unpermitted Digital Currency ATMs

Stew Lane3 years ago3 years ago02 mins

A concerning surge in the utilization of digital asset ATMs has been observed in the U.K, with 30 such machines scattered across London, Manchester, Nottingham, and Birmingham however, a considerable number of these are unlawfully operating without government authorization, leading to illicit activities. This instigated the necessity for guaranteeing better conformance and implementation of more…

Going Digital: Russia’s Rosbank Now Trading in Rubles

Stew Lane3 years ago3 years ago02 mins

Recently it was announced that Russia’s Rosbank is now offering digital gold trading for digital rubles. This is an incredibly important development in the world of digital currency, as it marks the first time a major bank has accepted digital rubles as payment. This is just the beginning; over the following weeks, more and more…

Chinese Officials Give Residents $26 million in CBDC as a Present to Welcome the Spring Festival

Stew Lane3 years ago3 years ago02 mins

On this joyous occasion of the Spring Festival, China is allocating a generous sum of $26 million in Central Bank Digital Currency (CBDC) to its citizens. This munificent gesture reflects their commitment to financial inclusion and technological progress. The government’s digital Yuan activities have seen a massive uptake in multiple cities, with the total value…