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Iran Launches Digital Rial Pilot on Kish Island


The Central Bank of Iran (CBI) has announced the initiation of a pilot scheme to introduce the country’s central bank digital currency (CBDC) on the southern island of Kish. The CBI stated on Tuesday that the digital rial will be available to banking customers and tourists in Kish starting...

Ethiopia Approves CBDC Launch Draft Proclamation


The Ethiopian Council of Ministers recently approved a draft proclamation that paves the way for the launch of a central bank digital currency (CBDC). The National Bank of Ethiopia (NBE) stated that the draft considers rapid technological advancements and draws from the experiences of fellow...

Apple Could Be Fined A Billion Dollars A Day


Back in March, the European Union brought in new rules that were designed to stop companies like Apple and Google from blocking third-party companies running their own in-app item stores. This was supposed to carve a path for games like Fortnite to be able to return to mobile, now they could...

Bitwise Investments Updates Ethereum ETF Filing, Reveals $2.5M Seed Interest


Bitwise Investments, a prominent cryptocurrency asset management firm that offers diverse investment products and services focused on digital assets, has updated its ether-based exchange-traded fund (ETF) S-1 filing with the U.S. Securities and Exchange Commission (SEC), revealing $2.5 million...

NFT Market Slump: Cryptopunks and Bored Ape Values Plummet Over 90 Days


Based on statistics from the past three months, the non-fungible token (NFT) collections Cryptopunks and Bored Ape Yacht Club (BAYC) have seen a notable decrease in value. On March 17, 2024, the floor value of Cryptopunks was approximately 49 ether, but 90 days later, it dropped to 25.45 ether....

Iran to launch public CBDC pilot in June


Unlike other types of electronic money in Iran, the digital rial doesn’t require interbank settlement to transfer funds between the buyer and the seller

Tether launches Alloy: A Gold-backed revolution for digital assets


Tether has introduced Alloy. It is an open platform for creating digital assets. Tether Gold will back these assets, which may alternatively be known as tethered assets. Alloy is being brought to the market to reimagine digital economy stability. Recognized as an innovative approach, Alloy will...

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