The Australian and New Zealand banking group back in late March of 2022 decided they would launch the first bank-issued stablecoin payment from Australia through a public permissionless blockchain transaction. The new stablecoin is pegged to the Australian dollar. ANZ banking services lead Nigel Dobson stated “an ANZ-issued Australian dollar stablecoin is a first and important step in enabling our customers to find a safe and secure gateway to the digital economy. “Stablecoins are a...Continue Reading
The Bank for International Settlements (BIS) has decided to allow banks to hold up to 1% of reserves in cryptocurrencies such as Bitcoin (BTC), despite its sceptical approach to the asset class in the past, as well as the recent cryptocurrency market downturn. A June 30 report by the BIS’ Basel Committee on Banking Supervision (BCBS) suggested that banks’ total exposure to “Group 2 digital assets” should be capped at 1 percent of their core capital....Continue Reading
A woman now known as the infamous “Cryptoqueen”, who is accused of defrauding investors of over $4 billion/USD worth of funds through the sale of a fake cryptocurrency, has now been placed on the FBI’s list of its 10 most-wanted fugitives. She has now been missing for over 4 years, 8 months and 8 days. The Federal Bureau of Investigation put up a $US100,000 ($A147,000) reward for Ignatova, who disappeared in Greece in October 2017...Continue Reading
Intel’s AXG Blockscale: A Game-Changer In late January we detailed the exciting rumours surrounding Intel’s development of a specialised AXG Blockscale efficient Bitcoin mining ASIC” known as the “Bonanza Mine”. This can be read here. It has been quite a journey, with the project initially becoming known to outsiders by its Bonanza Mine codename. However, in early April, it indeed unveiled its new Blockscale ASIC, which promised strong performance for proof-of-work consensus networks. Its move into blockchain...Continue Reading
A British Virgin Islands court has ordered major cryptocurrency hedge fund Three Arrows Capital (3AC) to liquidate its assets as the serious market downturn in digital assets continues. The liquidation has been ordered by a British Virgin Islands court, with Teneo Restructuring being brought in to deal with the liquidation process. Teneo is in the very early stages of the liquidation process. The restructuring firm is taking steps to realise the assets 3AC has, then it will set...Continue Reading
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