Cryptocurrency News

India’s Central Bank Flags Risks in CBDC Adoption Amid Financial Instability

India's central bank warns that CBDCs could exacerbate financial crises by being perceived as "safe havens," increasing bank run risks and posing challenges for deposit insurers.

South Korean Tech CEO Arrested in $366 Million Cryptocurrency Scam

South Korean tech CEO Byun Young-oh arrested for orchestrating a $366 million cryptocurrency scam through MainEthernet, targeting over 500 investors. Investigation ongoing.

Top Meme Coins: Social Media Surge

The meme coin market has recently seen a surge in social media activity. PHOENIX, a popular source for cryptocurrency news and analytics, has highlighted...

Symbiotic Restaking Protocol Launches Devnet Ahead of Q3 2024 Mainnet

Symbiotic restaking protocol launches its devnet on Ethereum, advancing toward a Q3 2024 mainnet launch with strong backing from Paradigm and cyber.Fund.

Five of the Top 10 Global Companies are Building Metaverse Hardware

Five of the world's top 10 companies, including Microsoft, Apple, and Google, are advancing the metaverse with new hardware developments, signaling sustained industry growth.

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