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” Former Chinese central banker says digital yuan ‘usage has been low’ “ A former official of the People’s Bank of China (PBOC), the country’s central bank, has expressed disappointment that China’s digital yuan is seeing little use. Xie Ping, a former PBOC research director and current finance professor at Tsinghua University, made critical public…
” An overview of the metaverse in 2022 “ Recognized as one of the most turbulent years for the cryptocurrency and blockchain industry, 2022 has still been vigorous for the metaverse. With over $120 billion invested in the first half of the year alone — according to a McKinsey report — the industry is anything…
” MicroStrategy to offer Bitcoin Lightning solutions in 2023 “ MicroStrategy executive chairman Michael Saylor has shared his firm’s plans to release Bitcoin Lightning Network-powered software and solutions in 2023. In a recent Twitter Spaces on Dec. 28, Saylor shared that the company is exploring software and solutions that utilize the Lightning Network, such as…
” China’s CBDC wallet resorts to ages-old tradition to boost adoption “ China’s wallet app for its digital yuan central bank digital currency (CBDC) introduced a feature for users to send money in an electronic version of traditional “red packets” to try to attract new users. The new feature was released over the weekend, around…
” Russia’s largest bank issued gold-backed digital financial assets “ Russia’s largest bank Sber — formerly known as Sberbank — reported the first issue of gold-backed digital financial assets (DFAs). The bank considers DFAs to be a “great alternative” to investments amid dedollarization. On Dec. 26, Sber published the news about its first issue of…
” DeGods and Y00ts NFTs are bridging off Solana. Here’s why “ Nonfungible token (NFT) firm Dust Labs is migrating its two top-performing Solana NFT projects — DeGods and y00ts — onto Ethereum and Polygon in a bid to expand their adoption. The news was announced on DeGods and y00ts Twitter page on Dec. 25,…
” Italy to create the crypto art Renaissance: NFT market report “ Italy is one of the cultural hubs of Europe, with centuries of history, art and culture. Now it is also posed to create the crypto art Renaissance via its nonfungible token (NFT) market, says a new report. Data from Research and Market’s “Italy…
” FTX collapse calls for ‘prudent regulation’ in the UK “ The collapse of FTX is being viewed as a cautionary tale and a precursor for more prudent regulation by public and private sector players in the United Kingdom. Bank of England deputy governor Sir Jon Cunliffe made headlines ahead of the Christmas weekend in…
” SEC seeks to keep Hinman documents hidden in Ripple case “ The United States Securities and Exchange Commission (SEC) has requested to seal the infamous Hinman Speech documents, claiming that they are not relevant to the court’s summary judgment decision. The Motion to Seal Summary Judgment Document was filed by the SEC on Dec….
” Women who made a contribution to the crypto industry in 2022 “ 2022 saw the continued rise of disruptive blockchain-centric concepts such as decentralized finance, GameFi, nonfungible tokens and Web3. Notably, some of the related projects that thrived in 2022 were headed by women, which is a good indicator of progress in an otherwise…