Australia Achieves Milestone with First CBDC-Powered FX Transaction as eAUD Pilot Progresses

Australia achieves CBDC-Powered FX Transaction

In a significant milestone, Australia has completed its first foreign exchange transaction using eAUD, a central bank digital currency, as part of a live pilot program. This development aligns with the growing global interest in exploring or implementing central bank-issued digital currencies. The transaction was facilitated by Canvas, a blockchain infrastructure provider. Crypto fund managers … Read more

“Elon Musk’s SpaceX declares Starship Rocket’s readiness for launch to Mars”

"Elon Musk's SpaceX declares Starship Rocket's readiness for launch to Mars"

Elon Musk, the billionaire entrepreneur, announced that SpaceX’s deep-space rocket Starship is prepared to launch from its facility in Texas. The Federal Aviation Administration has scheduled the rocket’s orbital test flight for April 17, but SpaceX requires approval for a launch license before proceeding. Starship is the most powerful rocket globally and intends to transport … Read more

FTX Relied on Inadequate Financial Controls Across Multiple Apps, According to Court Filings

FTX Relied on Inadequate Financial Controls Across Multiple Apps

According to a court filing by FTX CEO John Ray III in a Delaware Bankruptcy Court, the cryptocurrency exchange was run by three individuals who lacked experience and were fresh out of college. These individuals relied on an inconsistent system of online shared documents and communication across multiple apps to manage the exchange’s multi-billion dollar … Read more

Ethereum Staking Deposits Experience Setback Amid Regulatory Pressure and Shapella Upgrade

Ethereum Staking Deposits Experience Setback Amid Regulatory Pressure and Shapella Upgrade

According to recent data from on-chain analytics provider Glassnode, there has been a slight decline in Ethereum staking deposits in recent weeks. The reason behind this decline is attributed to increased regulatory pressure and the upcoming Shapella upgrade on April 12. The Securities and Exchange Commission (SEC) in the United States has been actively regulating … Read more

Congressman Tom Emmer Calls SEC Chair Gary Gensler a ‘Bad Faith Regulator

Congressman Tom Emmer, who is known for his support for cryptocurrencies, has criticized the U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler for his approach to regulating the crypto industry. Emmer accused Gensler of being a “bad faith regulator” and stated that he has been targeting the crypto community without taking any action against … Read more

Polygon Surges to Second Place Among Gaming Blockchains in March {2023}

In March, Ethereum layer-2 (L2) Polygon experienced a surge in user activity, making it the second-largest blockchain gaming network in terms of unique active wallets (UAWs), according to a report by DappRadar, a decentralized application (DApp) analytics platform. The report shows that the number of UAWs participating in games on Polygon reached 138,081 in March, … Read more

New report raises concerns over low tax compliance among crypto investors in 2022

A recent report by Swedish crypto tax firm Divly suggests that only 0.53% of cryptocurrency investors globally paid taxes on their crypto investments in 2022. However, tax experts have criticized the report’s figures and methodology, casting doubt on its accuracy. Divly arrived at its estimate by analyzing the relationship between the number of individuals who … Read more