Payments giant Square released a white paper on Friday detailing a new decentralized protocol for exchanging digital and other assets known as tbDEX. “The tbDEX protocol facilitates decentralized networks of exchange between assets by providing a framework for establishing social trust, utilizing decentralized identity (DID) and verifiable credentials (VCs) to establish the provenance of identity […]

CoinDesk’s scoop that Barbados had become the first government to acquire virtual land and create a “metaverse embassy” was met with great interest, but a lot of quizzical looks as well. The question some commentators asked was: What is the point? If Barbados is trying to digitally solve some problem – such as how to […]

Xiongan New District warned citizens of telecom fraud using the digital yuan, according to a Nov. 18 notice signed by the local government and central bank branch. Fraud cases involving China’s central bank digital currency have been making headlines. Just this week, police arrested a woman for defrauding RMB 300,000 ($40,000) using the CBDC. Earlier […]

Binance U.S. will be closing a pre-IPO funding round in the next one to two months, the founder and CEO of the exchange’s parent company, Changpeng “CZ” Zhao, said at the Bloomberg New Economy Forum in Singapore on Nov. 19. CZ previously said Binance U.S. is raising money before an attempt to go public in […]

Brian Quintenz, former commodities regulator and friend to the crypto industry, weighed in today on the confirmation process to elect a new Comptroller of the Currency. Taking the stand today in a U.S. Senate hearing is Saule Omarova, a controversial pick for the seat due to her professed support for public banking and skepticism of […]