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Crypto News

MLB NFTs on Candy Digital Clock $2.7M in Marketplace Debut

The trading volume, for now, rivals that of Dapper Labs’ NBA Top Shot, which has seen roughly $2 million in sales each day of January, a representative told CoinDesk. The sales figures offer another glimpse at an NFT market that has weathered a general downturn in crypto prices from 2021’s frothy highs. NFT marketplace OpenSea, […]

Crypto News

Digital Asset Funds Hit by 5th Week of Outflows

Investors pulled money out of cryptocurrency funds for a fifth straight week, reflecting the bearish market mood as bitcoin suffers one of its worst-ever starts to a year. Digital-asset investment products saw $73 million of outflows during the seven days through Jan. 14, according to a report published Monday by the crypto firm CoinShares. The […]

Crypto News

Bank of America Says UK CBDC Would Be More Than a Digital Form of Cash

Given that consumers hold only small amounts in cash, there would be greater convenience in switching a current account into Britcoins, BoA said. That could be an area of concern for commercial banks. Checking accounts, or current accounts as they are called in the U.K., are the lifeblood of commercial banks’ business models, providing them […]

Crypto News

Central Banks Are Best Sources of Trust in Money in a Digital Age

Central banks are the key institutions for providing trust, and alternatives have often ended badly, he said. He was speaking at Goethe University’s Institute for Law and Finance (ILF) conference on “Data, Digitalization, the New Finance and Central Bank Digital Currencies: The Future of Banking and Money” on Tuesday.

Crypto News

FinCEN, FDIC to Hold ‘Tech Sprint’ for Digital Identity Tools

In the upcoming tech sprint, which doesn’t yet have a specific start date, participants will be asked to come up with a “scalable, cost-efficient, risk-based solution to measure the effectiveness of digital identity proofing to ensure that individuals who remotely (i.e., not in person) present themselves for financial activities are who they claim to be.”

Crypto News

Digital Asset Funds Hit by Record $142M of Outflows

Following a 17-week run of inflows, outflows from cryptocurrency funds totaled $142 million during the seven days through Dec. 17, according to CoinShares, a digital-asset manager that compiles the industry data. The largest previous outflow on record was in early June, when net redemptions surged to $97 million.