The Central Bank of Solomon Islands (CBSI) has published a warning about a fake currency dubbed Sol York, which has no legal approval by the local authorities. According to the public alert, the central bank stated that no other legal currencies, aside from the Solomon Islands Dollar (SBD), have a legal endorsement within the nation. “CBSI categorically denies any involvement […]

Despite Cardano’s recent explosive growth, Galaxy Digital founder and CEO Mike Novogratz, a billionaire investor active in the crypto-asset space, showed his disapproval of the cryptocurrency. Novogratz argued that while Cardano (ADA) could very well survive indefinitely, its community is fundamentally a “weird cult”. Speaking to Yahoo Finance recently, the Goldman Sachs alum said he is shocked by Cardano’s current […]

The newly rebranded Rangers Protocol has raised $63 million via private equity to expand its high-performance blockchain protocol, potentially signaling that Chinese blockchain enterprise is on the rise despite a blanket ban on cryptocurrency trading in the country.  The Shanghai-based Rangers Protocol describes itself as a provider of “virtual worlds blockchain infrastructure,” which allows entrepreneurs and creators to build on […]

At the CoinGeek Zurich conference, Nouriel Roubini held a keynote speech on BTC and its fundamental value. Nouriel Roubini is a professor of economics at New York University’s Stern School of business and CEO of economic consultancy firm Roubini Macro Associates LLC. Within the digital asset sphere, Roubini is best known for his vicious statements against Bitcoin and “cryptocurrencies” in […]

Paolo Savona, the chairman of the Commissione Nazionale per le Società e la Borsa (Consob) — Italy’s securities regulator — has raised alarms over crypto’s growing popularity in the absence of firm regulatory standards. According to Reuters, Savona made this position known while delivering Consob’s annual report on Monday stating that the lack of clear-cut regulations creates an opportunity for […]

China is progressing with its central bank digital currency (CBDC) tests, debuting blockchain-enabled salary payments in the digital yuan. According to the official website of the Xiong’an New Area, the People’s Bank of China (PBoC) has successfully completed the nation’s first on-chain wage payouts in the digital yuan. Announcing the news on Saturday, Xiong’an authorities said that the pilot involved […]

Binance has lost its top bean counter just as regulatory headwinds threaten to blow the troubled cryptocurrency exchange off its pedestal. Binance announced early last week that Wei Zhou, the company’s chief financial officer for the past three years, had “decided to leave for personal reasons.” Binance CEO Changpeng ‘CZ’ Zhao’s traditionally chatty Twitter feed has so far said nothing about […]

Barcelona-based payment services provider PayRetailers strengthens its growth trajectory with a new CFO. The position will now be held by Javier Lopez, a true finance and banking veteran who has been part of the industry for more than two decades. This marks a new era for the company, as Lopez is a former Head of Finance at Standard Chartered Bank, […]

Stellar lumen price is facing hurdles near $0.3600 and $0.3800 against the US Dollar, unlike bitcoin. XLM price could gain pace if it clears the $0.3600 and $0.3800 levels. Stellar Lumen Price Analysis (XLM to USD) Recently, stellar lumen price declined steadily below the $0.4500 and $0.4000 levels against the US Dollar. The XLM/USD pair even broke the $0.3500 support […]