Chain News by Thebittimes.Com

Source: AdobeStock / Ralf Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news . __________ Investment news Nuri , a Germany-based neobank that offers crypto investment tools, has shut down. Per a statement by CEO Kristina Walcker-Mayer, “we have not been able to find investors to continue our mission and have asked our customers to withdraw their funds by 18/12/2022 the latest, so the business can be terminated and liquidated.” Trading will be available until November 11. Blockchain research and development studio ChainSafe has raised $18.8 million in an oversubscribed Series A funding round, led by Round13 with participation from new investors NGC Ventures , HashKey Capital , Sfermion , Jsquare , and returning investors Digital Finance Group and Fenbushi Capital . It will use this investment to enhance its support for the adoption and sustain...

Source: AdobeStock / mrinal The Reserve Bank of India (RBI) will soon launch pilot tests for its upcoming digital rupee in a bid to increase awareness around its Central Bank Digital Currency (CBDC). The country's central bank   announced&nbsp ;the news on Friday, detailing that the digital rupee will be available for specific use cases during the pilot. In a statement, the RBI said the pilot program will help create awareness around the planned Features of the digital rupee . “It explains the objectives, choices, benefits, and risks of issuing a CBDC in India. The note also seeks to explain the Reserve Bank’s approach towards the introduction of the CBDC,” the central bank reportedly said. The RBI has also released a concept note for the digital rupee, which talks about key aspects of the CBDC, including its technology and design, potential use cases of the digital rupee, issuance mechanisms, and more. In addition, it explores how the intro...