RBI Report Highlights India’s Central Bank Digital Currency Development
India’s central bank, the Reserve Bank of India (RBI), published its August bulletin on Monday. The report discusses several aspects of central bank digital currency (CBDC) and its implications. The RBI is actively involved in developing CBDC initiatives to enhance cross-border payments, improve financial inclusion, and mitigate risks posed by private digital instruments. The RBI’s […]
RBI Report Highlights India’s Central Bank Digital Currency Development
India’s central bank, the Reserve Bank of India (RBI), published its August bulletin on Monday. The report discusses several aspects of central bank digital currency (CBDC) and its implications. The RBI is actively involved in developing CBDC initiatives to enhance cross-border payments, improve financial inclusion, and mitigate risks posed by private digital instruments. The RBI’s […]
Hong Kong Lawmaker Calls for DAO Regulation to Boost Web3 Investments
Hong Kong lawmaker Johnny Ng Kit-chong has called for a legal framework to regulate decentralized autonomous organizations (DAOs) to boost Hong Kong’s Web3 investment landscape. Ng said a recent High Court ruling underscores the rule of law in Web3 operations and sets a significant legal precedent. The Mantra Chain Case A Hong Kong lawmaker, Johnny […]
Woman Sentenced to Prison for Bitcoin-Funded Dark Web Murder Plot
A Utah woman, Krista Renae Stone, 23, was sentenced to 78 months in federal prison for attempting to orchestrate a murder-for-hire using the dark web, the U.S. Department of Justice (DOJ) announced on Monday. Stone targeted her ex-boyfriend’s new girlfriend, arranging to pay $5,000 in bitcoin to a website offering hitman services between March and […]
State Street Partners With Taurus to Boost Digital Asset Services
Global financial services provider State Street has announced a strategic partnership with digital asset infrastructure provider Taurus to enhance its digital asset services. This collaboration aims to offer a comprehensive digital platform, including tokenization and digital custody, expanding State Street’s existing capabilities in fund administration. State Street Partners With Taurus to Expand Digital Asset Services […]
Donald Trump Considers Elon Musk for Cabinet Role
Former U.S. President and Republican presidential candidate Donald Trump stated on Monday that if elected, he would consider appointing Tesla CEO Elon Musk to a cabinet or advisory role. Trump praised Musk as a “brilliant” and “very smart guy,” expressing his openness to involving the Tesla boss in his administration if Musk were willing. Recently, […]
Former Bank CEO Sentenced to Prison for $47M Crypto Fraud Leading to Bank Collapse
The former CEO of failed Heartland Tri-State Bank was sentenced to over 24 years in prison for embezzling more than $47 million in a fraudulent crypto scheme that caused the bank’s collapse. He funneled the stolen funds into cryptocurrency wallets linked to a “pig butchering” scam, leading to a $9 million loss for investors and […]
7 Arrested in Illegal Bitcoin Mining Crackdown in Malaysia
Seven individuals were arrested in Malaysia during a special operation targeting illegal bitcoin mining in Bandar Baru Salak Tinggi and Taman Putra Perdana. The operation, which involved coordinated efforts by law enforcement, focused on detecting and stopping bitcoin mining activities linked to electricity theft. The suspects, aged between 30 and 74, included three local men […]
Nigeria’s SEC Denies Issuing Provisional Crypto Licenses
Nigeria’s Securities and Exchange Commission (SEC) has announced that it has not yet issued any crypto licenses, contrary to some reports. The SEC plans to start issuing licenses for digital services and tokenized assets in August 2024. This move follows increased scrutiny of crypto exchanges and a push to regulate the industry, including a mandate […]
Peter Schiff Expects Gold Mining to Be Best-Performing Sector This Decade — Foresees ‘Major Bull Market’
Economist and gold advocate Peter Schiff predicts that “precious metals mining will be the best-performing sector” this decade. He highlighted that “gold mining stocks are a steal” and anticipates “a major bull market.” Additionally, Schiff cautioned that the Federal Reserve risks making a policy mistake by cutting interest rates too soon. ‘The Stage Is Set […]
