Central bank digital currencies (CBDC) transactions would remain anonymous to a certain degree, Reserve Bank of India Deputy Governor T Rabi Sankar said on Wednesday. The IT department allows cash transactions up to a certain limit to be carried out without government ID proof, but the RBI is yet to clarified the degree to which CBDC transactions will be anonymous.

Jack Dorsey’s digital payments firm Block has added funding to help an East African Bitcoin mining company, Gridless, to expand its green operations. Operating on small scale energy grids in the rural parts of Africa, Gridless is backed on renewable energy.

Warner Music has teamed up with Polygon blockchain and e-commerce platform maker LGND to launch a Web3 music platform, named LGND Music. The concept of the LGND Web3 music platform is to provide music enthusiasts a ‘virtual vinyl’ on-the-go. The platform is slated for a launch in January 2023.

Tony Fadell, the co-creator of the iPod, has launched the Ledger Stax, a hardware wallet used to store cryptocurrency offline. The Ledger Stax is a credit-card sized device featuring a curved spine and e-ink display, and is priced at $279 (roughly Rs. 23,000).

The Nigerian government has now banned weekly ATM withdrawals over $225 (roughly Rs. 18,565), aiming to promote the use of its CBDC among its citizens. The eNaira was launched on October 25. The CBDC garnered over 840,000 downloads in over 270,000 active wallets within the first few weeks of its launch.

The overall crypto market rose by a miniscule 0.01 percent in the last 24 hours. Gains fell in the kitties of BTC and ETH along with hitting Tether, USD Coin, and Binance USD among others. Among loss-making altcoins, DOGE and SHIB joined Cardano and Litecoin to register minor, but significant dips.

Metallica has issued a warning to its crypto-friendly fans members, clarifying that there are no official giveaways being backed by the band, around its upcoming album, 72 Seasons. Metallica has asked its fans to be alert and informed because exposure to malicious links and fake projects could steal their assets.

Goldman Sachs is planning on buying or investing in crypto firms affected by the collapse of Sam Bankman-Fried’s FTX crypto exchange last month. The global investment bank is doing due diligence on a number of different crypto firms, according to Goldman Sachs’ head of digital assets.

The US Federal Trade Commission (FTC) has opened investigations into several cryptocurrency firms over “possible misconduct” related to digital assets. The US regulator’s investigation is linked to misleading advertising according to a report.

The authorities of US’ Kentucky state are examining two contracts, that propose to provide electricity to BTC miners at discounted rates. The contracts have been extended to the Kentucky authorities by Kentucky Power and Ebon International LLC. For now, Kentucky’s stance on the contracts remains awaited.