Digital Financial News

Police in Montenegro have arrested Terraform Labs founder Do Kwon, who is wanted in South Korea in connection with a $40 billion (€37 billion) crash of the firm’s cryptocurrency that devastated retail investors around the world, the country’s interior minister said on Thursday.

Temenos has moved to prove its readiness to help banks, ensuring integration of its platform with multiple DLT-based technology stacks, successfully executing end-to-end retail CBDC use cases for commercial bank touch points. This includes central bank token issuance to commercial bank wallets, customer non-custodial wallet creation, CBDC conversion through orchestration of deposit account updates with on-chain transactions, and providing wallet access points for user-to-user transfers on-chain.First, it has worked with R3, which has seen its Corda private, permissioned distributed application platform tapped for a number of central bank and BIS CBDC projects globally.Secondly, Temenos used Hyperledger Besu, an opensource Ethereum client, run as a multi-node private, permissioned network, combined with a modified version of the Norgesbank CBDC sandbox, published by the Norwegian central bank.

BEIJING — A new restaurant scene is growing more popular across China: fine dining.

The recent US interest rate decision has sent Bitcoin's price on a downward trajectory before experiencing a bounce back – raising questions about where BTC is heading now. 

Bitcoin is presently hovering just below the $29,000 mark following a successful close of yesterday's trading session above the highly-monitored level, with a 1.89% price increase in the past 24 hours.

The French Senate’s Committee on Economic Affairs has proposed a new law allowing social media influencers to promote cryptocurrency on their platforms. 

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Love Hate Inu ($LHINU) has successfully completed its presale, having raised a staggering $10.2 million in investment. 

In the world of cryptocurrencies, market fluctuations and price predictions are the norm, with Bitcoin often leading the way as the most talked-about digital currency. 

As the United States Federal Reserve announces its latest interest rate decision, the world watches with bated breath to see how the cryptocurrency market will react, particularly Bitcoin. 

Despite the subject matter, moderator Soumak Chatterjee from Deloitte insisted that we were not going to get a “doomsday panel”. Charlene Cieslik from Bitcoin ATM operator Localcoin noted that the recent US bank failures put paid to a widely held perception that the digital asset space is uniquely unstable. However, the participants were under no illusion about the damage that the sector’s reputation has suffered in the last few months. And, while some in the US have been chaffing at regulatory intervention, there was broad acceptance on the panel that there needs to be cooperation with lawmakers. Mohamad Al-Bustami from the Office of the Superintendent of Financial Institutions was at pains to stress that his body is not ant-crypto and that he is a “believer” in the technology and that engaging with the industry is playing a key role in how regulation is being shaped. Cieslik and Evan Thomas from WealthSimple offered a clear example of how different firms have gone about entering the crypto space - with contrasting results. WealthSimple became the first Canadian company to offer clients staking while meeting securities laws, spending significant resources working with regulators to ensure that it would be compliant. In contrast, Cieslik said that her former employer, Coinsquare, blew four year lead on WealthSimple by not being so diligent and carrying out wash trading as well as whistleblower retaliation. Cieslik had some strong thoughts on FTX and what its failure says about the broader ecosystem. There were, she notes, a host of accounting firms, VCs and others that claim to have done due diligence on the company. “There was no adult in the room. What exactly was your due diligence other than FOMO?”

Daniel Godfrey is the former chief executive of the Investment Association and a senior adviser at Digital Moneybox, a FinTech startup

Nigeria, one of the most curious nations about cryptocurrencies, is preparing new industry regulations for digital asset platforms. The Nigerian Securities and Exchange Commission (SEC) is considering new regulations that would allow licensed digital exchanges to list tokens backed by certain assets, according to a report by Bloomberg.

In a recent interview with Bloomberg Television, Bob Michele, the chief investment officer of JP Morgan Asset Management, expressed concern over the future of regional banks in the United States. Michele was particularly worried about how these banks will operate once the Federal Deposit Insurance Corporation (FDIC) and Federal Home Loan Banks (FHLB) emergency lending programs expire.

Deepfake Generator, a New Service Offered by Tencent Cloud, Gives Users the Ability to Generate Fake Videos of Other People

President Joe Biden has proposed an up to 30% tax on cryptocurrency mining aimed at deterring economic and environmental concerns, but experts say the plan would be tough to implement.

According to a recent Forbes report, DHL, the commercial arm of Bhutan's Royal Government, entered the Bitcoin mining industry by purchasing BTC when it was priced at $5,000. 

Barry Silbert’s crypto conglomerate Digital Currency Group (DCG) saw its revenue rise 63% in the first quarter compared to the prior quarter, but it was still down on a year-over-year basis.

The Chinese province of Hebei is attempting to spur digital yuan adoption by issuing residents central bank digital currency (CBDC) discount coupons.

Wednesday May 3rd 2023 – The AiDoge presale has raised $1 million inside of a week for its one-of-a-kind meme-generating artificial intelligence (AI) technology.

In its initial releases, a digital euro would be accessible to euro area residents, merchants and governments. Non-resident euro area citizens might also have access, provided that they held an account with a euro area-based payment services provider.