The Central Bank of Iran (CBI) is reportedly planning to launch a central bank digital currency (CBDC) pilot soon.According to a report by the Iranian Labour News Agency, the CBI vice governor said that CBDCs could help the country resolv financial inconsistencies. The development of a sovereign digital currency in Iran began in 2018 at the Informatics Services Corporation — … [Read more...] about Iran to reportedly pilot central bank digital currency soon
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PayPal reportedly confirms plans to explore the launch of a stablecoin
American fintech giant PayPal Holdings has reportedly confirmed its intent to launch its own stablecoin named PayPal Coin. The development of an in-house stablecoin was first discovered in the source code of Paypal’s iPhone app by developer Steve Moser.Confirming the evidence found on the PayPal app, Jose Fernandez da Ponte, PayPal’s SVP of crypto and digital currencies, told … [Read more...] about PayPal reportedly confirms plans to explore the launch of a stablecoin
Solana reportedly hit by DDoS attack but network remains online
Solana's blockchain performance was reportedly hit by a distributed denial of service (DDoS) attack over the past 24 hours, however the network appears to have remained online throughout.A DDoS attack generally refers to a large number of coordinated devices, or a botnet overwhelming a network with fake traffic to take it offline. This wouldn't be the first time Solana has … [Read more...] about Solana reportedly hit by DDoS attack but network remains online
Fidelity reportedly launching spot Bitcoin ETF in Canada
It's been a bumpy ride for Bitcoin (BTC) investors. While waiting on the United States Securities and Exchange Commission (SEC) to make their decision about whether or not they will approve a spot Bitcoin exchange-traded fund (ETF), U.S-based investment firm Fidelity Investments is reportedly launching a spot ETF in Canada subject to regulatory approval. According to a tweet … [Read more...] about Fidelity reportedly launching spot Bitcoin ETF in Canada
Nigerian Payments App Reportedly Suspending Operations Due to Government Crackdown on Crypto
Nigerian payments app KurePay plans to suspend operations in the country after the government began cracking down on crypto exchanges, according to a report by local crypto publication Cryptoassetbuyer.The report said that KurePay is leaving Nigeria “largely due to the increasing hostile regulatory environment” for cryptocurrency service providers.KurePay’s decision to suspend … [Read more...] about Nigerian Payments App Reportedly Suspending Operations Due to Government Crackdown on Crypto