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India’s Central Bank RBI Launches CBDC Pilot in Call Money Market

India’s central bank, the Reserve Bank of India (RBI), has initiated a pilot for a second use case of its wholesale central bank digital currency (CBDC), focusing on the call money market. The Indian central bank reportedly plans to expand its e-rupee testing to cover the entire wholesale segment, including asset tokenization and repo transactions.

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US stocks rise for third day in a row as bond yields fall

Stocks in the United States rose for the third day in a row as the market continues to assess the effect of the conflict between Israel and Hamas. Bond yields fell because investors wanted the safety of U.S. Treasury bonds, and this drop in yields helped boost the stock market. Today was the first day…


Chainalysis lays off more employees in new round of crypto job cuts

Blockchain forensics firm Chainalysis is laying off part of its workforce, the second time it has done so this year. The news comes during a difficult period for the entire sector, which has seen a series of such moves in 2023, against a backdrop of a persistent bear market and increased regulatory pressure. Cryptanalysis firm…

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Ripple Gets License Formally Approved in Singapore

Ripple’s Singapore division has obtained a license as a major payments institution from the Monetary Authority of Singapore, the company said, allowing it to continue providing digital payment token services in the fast-growing region. It is the second good news for Ripple in the last eight hours. “Singapore has emerged as a leading fintech and…

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US Crypto Exchange Kraken Obtains ‘Historical’ Regulatory Approvals in Europe

The Kraken cryptocurrency exchange announced new achievements in the implementation of its strategy to seek expansion in the European market. The US digital asset trading platform said it received regulatory approvals from monetary authorities in Ireland and Spain, two of the EU countries with relatively clear rules for the sector. Kraken, Another Major US Crypto…

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Bybit adds PayPal USD stablecoin, PYUSD, to its platform

Bybit, a Dubai-based cryptocurrency exchange, announced the listing of the PayPal USD stablecoin, PYUSD. PYUSD is a stable coin issued by Paxos, a regulated financial company based in New York. The listing of PYUSD marks a significant collaboration between Bybit and PayPal, two leading players in the traditional and crypto payments sectors. By integrating PYUSD…

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Blockchain funding in Germany rises 3% amid market slowdown

Germany’s blockchain sector recorded a total of $355 million in venture capital funding across 34 deals, representing a 3% increase compared to the previous year. Germany hit an all-time high in global venture capital funding participation in 2023, despite a decline in overall blockchain market performance worldwide, according to a report published by Crypto Valley…

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PayPal Allows US Users to Sell Cryptocurrencies Through MetaMask Wallet

PayPal continues to expand its digital asset services, integrating new methods of selling cryptocurrencies like Bitcoin. Global payments giant PayPal continues to expand its digital asset services by integrating new methods of selling cryptocurrencies like Bitcoin (BTC). On September 11, PayPal officially introduced new on- and off-ramps for Web3 payments, allowing US users to convert…