Close up picture of Indian rupee.

India, UAE to collaborate on cross-border central bank digital currencies

The central banks of India and the United Arab Emirates (UAE) will jointly run pilot programs on their central bank digital currencies (CBDCs), according to a Wednesday press release from the Reserve Bank of India (RBI).  See related article: China’s ...

Euler Finance loses nearly US$200 mln in exploit

Euler Finance loses nearly US$200 mln in exploit

Euler Finance, a lending protocol that allows investors to lend and borrow a variety of crypto assets, has lost approximately US$197 million in an exploit, according to online crypto security analysts on Monday. See related article: Hong Kong’s crypto scam ...

Meta working on a decentralized social media app: Moneycontrol

Meta working on a decentralized social media app: Moneycontrol

Meta Platforms, the parent company of Facebook and Instagram, is exploring a decentralized text-based Twitter alternative, business news site Moneycontrol reported on Friday. See related article: Meta’s metaverse division Reality Labs posts wider loss of $13.7 billion in 2022 Fast ...

CFTC chair calls Ethereum a commodity, in contrast to SEC chair Gensler’s position

CFTC chair calls Ethereum a commodity, in contrast to SEC chair Gensler’s position

Chairman of the Commodities and Futures Trading Commission (CFTC) Rostin Behnam has called Ethereum a commodity and not a security, in apparent contrast to U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler who has consistently argued that every cryptocurrency ...

Australian dollars and nano wallet on the desk

Australia’s central bank identifies CBDC use cases as it prepares pilot launch

The Reserve Bank of Australia (RBA) has outlined potential use cases and providers for a central bank digital currency (CBDC), with a pilot program to be launched in the coming months, according to a whitepaper published by the regulator on ...