Category Archives: Cryptocurrency

Less is More at Consensus Conference 2023: A Tale of Quality over Quantity

The Consensus Conference 2023, held at the Austin Convention Center, Texas, was an incredible experience that brought together some of the brightest minds in the industry. From May 26-28, attendees were treated to cutting-edge presentations and discussions on the latest technologies and trends in the field. One World Media hit the floor running with our […]

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has announced that it has successfully completed the first testing phase for Central Bank Digital Currency (CBDC) and is now moving to the next stage. The first testing phase was conducted with several banks from around the world and showed positive results. The next testing phase will […]

Central Banks of Israel, Norway, and Sweden Model Hub for Digital Currency Payments

The central banks of Israel, Norway, and Sweden have collaborated to develop a cross-border payment platform project that explores the potential of central bank digital currencies (CBDCs) for international retail and remittance payments. The Bank for International Settlements (BIS) has also joined the project to explore the potential of CBDCs for international payments. The Bank […]

Kraken to Launch U.S. Crypto Bank Amid Regulatory Headwinds

Kraken, one of the world’s largest cryptocurrency exchanges, is working on establishing its own bank in the United States. Here are some key points and a step-by-step process: Key Points Kraken is launching a crypto bank in the U.S. The bank will be based in the state of Wyoming. The bank aims to offer “a […]

SEC’s Emergency Action Against Miami-Based Crypto Hedge Fund

On Monday, the U.S. Securities and Exchange Commission (SEC) filed an emergency action against a Miami-based crypto hedge fund and its co-founders for allegedly running a fraudulent scheme. Here is a summary of the details: Allegations BKCoin Management LLC, a Miami-based investment adviser, and its principal Kevin Kang allegedly ran a $100 million Ponzi-like scheme […]

Bybit Introduces Mastercard-Powered Debit Card

Cryptocurrency exchange Bybit has launched a Mastercard-powered debit card that allows users to pay for goods and services with their cryptocurrency holdings. The announcement comes shortly after the exchange halted U.S. dollar bank transfers due to “service outages” by one of its processing partners. Here is a step-by-step process of how the Bybit debit card […]

If Wyoming Governor Mark Gordon signs a bill, Wyoming will be the first state in the nation with its own digital coin.

If Wyoming Governor Mark Gordon signs a bill, Wyoming will be the first state in the nation with its own digital coin. Summary The Governor of Wyoming, Mark Gordon, is expected to sign a bill to make Wyoming the first state in the nation to have its own digital currency. This bill will create a […]

Cryptocurrency mining company, has mined the most Bitcoin in a single month ever

Riot Blockchain, an American cryptocurrency mining company, has mined the most Bitcoin in a single month ever, according to data from The company mined 4,817 Bitcoin, worth over $48 million, in February, which is more than double the amount mined in January. The data also showed that Riot Blockchain‘s share of the total Bitcoin […]

World’s largest cryptocurrency exchange suspending U.S. dollar deposits

Binance, one of the world‘s largest cryptocurrency exchanges, will be suspending U.S. dollar deposits this week. The exchange made the announcement on February 6th, citing “regulatory uncertainty“ as the reason for the move. Binance has been actively preparing for the change, and will no longer accept deposits of U.S. dollars on February 8th. Customers who […]

The SEC is conducting an investigation into brokers.

The SEC is conducting an investigation into brokers who are offering crypto investments to their clients. The investigation is focused on whether the brokers are providing adequate disclosure about the risks associated with investing in cryptocurrency. The SEC is also looking into whether the brokers are properly registered to offer such investments. The investigation is […]