Author: James Wilson

The Bank of Papua New Guinea has wrapped up its CBDC trial and is now considering next steps for digital payments beyond national borders. Authorities in Papua New Guinea are stepping up their central bank digital currency efforts, with the Bank of Papua New Guinea completing its CBDC proof-of-concept trial. The trial, done in partnership with Soramitsu, Mitsubishi, JICA, and the Japanese government, tested how a CBDC could work in the country. During her speech, Bank of Papua New Guinea Governor Elizabeth Genia said the study aimed to improve financial inclusion and modernize the payment system. The central bank focused…

Solana-based meme coin deployer Pump.fun continues to draw legal heat as recent allegations claim some tokens launched on the platform violated intellectual property rights. On Feb. 5, Pump.fun a cease and desist letter was issued against Pump.fun by U.S. law firms Burwick Law and Wolf Popper LLP, demanding the removal of several meme coins allegedly misusing their names and logos. A cease and desist letter is a formal legal notice demanding that an individual or entity immediately stop an alleged unlawful activity to avoid further legal action. The letter demands the “immediate removal of the Dogshit2 token” and other tokens…

South Korean exchanges Upbit and Bithumb will add Berachain to its listings on Feb. 6, in time for the upcoming launch of Berachain mainnet. Two South Korean crypto exchanges announced that they will start providing trading support for new layer1 blockchain Berachain’s upcoming token, BERA. Trading support on both exchanges will start simultaneously on Feb. 6 at 22:00 KST. Users can only deposit and withdraw BERA through the new Berachain mainnet that will be launched on the same day as its token. Berachain is an Ethereum (ETH) Virtual Machine-compatible layer 1 blockchain which is equipped with a Proof-of-Liquidity consensus mechanism.…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Catzilla emerges as the next big meme coin, promising huge gains and a feline takeover of the crypto market. A new meme coin is taking the crypto world by storm, with analysts predicting it could compete with WIF and FLOKI in the next bull run. While many meme tokens fade, this one combines hype, community power, and strong growth potential to stand out. With a strategic presale, viral appeal, and huge ROI potential, this token is quickly gaining momentum.…

El Salvador, the first country to adopt Bitcoin as legal tender in 2021, recently reversed its decision after pressure from the IMF. What led to this change, and what were the outcomes of its nearly four-year crypto experiment? The curious case of El Salvador The 2021 law in El Salvador made Bitcoin (BTC) legal tender, meaning it became not just legal but mandatory for transactions. Merchants were required to accept Bitcoin, and the government started collecting payments such as taxes and fees in Bitcoin. To facilitate this, the country launched the Chivo wallet, a government-backed mobile app designed to help…

Eric Trump’s Ethereum tweet lined up with one of the biggest reversals in months. Now, he’s turning to Bitcoin—does this call mean anything? Eric Trump’s latest comment on Bitcoin (BTC) has sparked chatter, though its immediate market impact appears to be limited.  On Feb. 6, he took to X, posting, “Feels like a great time to enter #BTC!” The remark briefly pushed Bitcoin past $98,000 before settling back to around $97,650, reflecting only a modest 0.4% hourly gain at the time of writing. The reaction stands in contrast to what happened just days earlier when Eric Trump’s tweet on Ethereum…

The Federal Deposit Insurance Corporation has released more than 100 documents related to the highly criticized and controversial “debanking” of crypto companies and individuals. In a press release on Feb. 5, the FDIC stated that the 175 documents pertain to the agency’s supervision of banks that “engaged in, or sought to engage in, crypto-related activities.” The report was released on the same day the U.S. Senate Banking Committee began its hearing on the impact of debanking in the country. It also follows a court order that set the deadline for their release as Friday, Feb. 7. Crypto debanking, often referred…

MicroStrategy, now known as ‘Strategy,’ reported a staggering $670M impairment loss in Q4, mainly from Bitcoin. Yet, despite the hit, it continues accumulating BTC, believing in its long-term value. MicroStrategy has officially rebranded as Strategy. Announced on Feb. 5, the rebranding comes with a new logo featuring a stylized “B,” reflecting its identity as the world’s largest corporate holder of Bitcoin.  The move coincides with the company’s fourth consecutive quarterly loss and an even greater focus on Bitcoin (BTC) accumulation. The latest earnings report, also released on Feb. 5, revealed a net loss of $670.8 million for the fourth quarter…

Ethena price has crashed by 57% from its highest level in December as sentiment in the crypto industry weakened. Ethena’s (ENA) decline has mirrored that of most altcoins. For example, Ethereum has dropped by over 32% from its December peak, while Cardano has fallen by 45%. Despite the ongoing token crash, Ethena’s network continues to perform well. The total value locked in the network, or the USDe stablecoin market cap, has surged to over $6.12 billion, nearing its all-time high of $6.2 billion.  USDe has now become the fourth-largest stablecoin in the industry, trailing only Tether, USD Coin, and USDS.…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Investors seize the opportunity to buy Catzilla and other altcoins at discounted prices, anticipating major gains as the market rebounds. In the dynamic world of cryptocurrency, a new wave of opportunities is emerging. Savvy investors are eyeing specific altcoins that could potentially transform modest investments into substantial wealth. With prices currently dipping, these digital currencies present an opportunity for those looking to make significant gains in the crypto market. Catzilla: The meme coin revolution Catzilla isn’t just another meme…