The International Monetary Fund (IMF) is deepening its study into the potential benefits of Central Bank Digital Currencies (CBDCs), exploring how these innovations could transform financial systems globally. A recent survey involving 19 central banks from the Middle East and Central Asia highlights both the promises and challenges associated…

Two former executives from the Bank of Huludao in China have been implicated in an elaborate scheme involving the illegal transfer of approximately 1.8 billion yuan ($248 million) into cryptocurrency investments. This scandal exposes significant vulnerabilities within financial systems and highlights how individuals can exploit these for…

Charles Hoskinson, the founder of Cardano, has responded to Michael Saylor, the chairman of MicroStrategy, in regards to the regulatory future of multiple cryptocurrencies, among which were Ethereum, XRP, and ADA. During his speech at MicroStrategy World 2024, Saylor had predicted that U.S. Led by fresh leadership in Gary Gensler, who assumed…

Brad Garlinghouse, the CEO of Ripple, recently defended the status of Ethereum (ETH) and Ripple (XRP) amidst growing regulatory scrutiny. Speaking at the XRP Las Vegas 2024 event, Garlinghouse criticized the U.S. Securities and Exchange Commission’s (SEC) handling of cryptocurrency regulation, particularly its approach to Ethereum and Ripple.…