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Accidental Bitcoin Transfer Pushes Satoshi Nakamoto’s Genesis Wallet Over 100 BTC
19.5.2024
Based on the latest data, the well-known Genesis address owned by Satoshi Nakamoto now holds over 100 BTC after someone inadvertently sent 0.10754671 BTC, valued at $7,211, to the wallet. The current value of the wallet, which has never been spent, is estimated at $6.75 million. Another...
World Bank to Issue CHF Digital Bond Settled Using Swiss Franc Central Bank Digital Currency
19.5.2024
The World Bank has announced that it will issue its first CHF digital bond on June 11. This 7-year, CHF 200 million ($219 million) bond is the largest CHF issuance by the World Bank since 2009. It utilizes distributed ledger technology and settles using Swiss Franc wholesale central bank digital...
Genesis Global secures court approval for $3B payout
18.5.2024
According to Judge Lane, any available funds for distribution by Genesis are being exhausted by creditor claims, which take priority over DCG’s equity stake
China Expands Digital Yuan Pilot: Hong Kong Residents Can Now Set up E-CNY Wallets Locally
17.5.2024
The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBOC) have advanced the digital yuan (e-CNY) pilot for payments, aiming to increase e-CNY wallet usage in Hong Kong. Residents can now set up and top up wallets via the Faster Payment System (FPS), marking the first global...
Hong Kong digital yuan pilot lacks P2P capabilities
17.5.2024
While Hong Kong residents can sign up for a digital yuan (e-CNY) wallet with a phone number, the CBDC is currently restricted to cross-border transactions and cannot be used for person-to-person transfers within Hong Kong
Despite $250 Billion Worth of Transactions, Digital Yuan Users Prefer Physical Cash
13.5.2024
Some participants of China’s Central Bank Digital Currency (CBDC) pilot program, specifically state workers paid in digital yuan (e-CNY), are quickly converting their digital currency to physical cash due to concerns over its utility and lack of incentives like interest on savings. Despite...
Philippines begins Peso-backed stablecoin sandbox testing
13.5.2024
The test aims to evaluate PHPC's real-world performance, its impact on the local fiat ecosystem, and its potential uses including payments, trading, and DeFi applications
Digital Currency Group revenue jumps 51% in 1Q24 despite GBTC outflows
9.5.2024
Revenue at Digital Currency Group (DCG) increased 51% to $229 million in the first quarter of 2024, driven by the rebound in crypto markets
Swing State Voters Highlight Cryptocurrency as a Key Issue for 2024 Elections, Survey Finds
9.5.2024
A recent survey conducted by The Harris Poll and commissioned by Digital Currency Group (DCG) reveals that cryptocurrency is emerging as a critical issue among voters in key swing states. Over 20% of respondents from states like Michigan, Ohio, and Pennsylvania demand more discourse on digital...
Grayscale Parent Digital Currency Group Reports $229M Revenue for Q1
9.5.2024
Digital Currency Group (DCG), the parent company of asset manager Grayscale, reported a first quarter revenue up 11% from the previous quarter to $229 million
Rwandan Research Paper Recommends CBDC With ‘Partial Pseudo-Anonymity’
9.5.2024
A recent research paper from the National Bank of Rwanda recommends a two-tier, universal, zero-interest central bank digital currency (CBDC) with partial pseudo-anonymity. Although the research paper identifies 15 opportunities for CBDC, only four are said to offer “high potential benefits...
Rwandan central bank proceeds with ambitious retail CBDC project
8.5.2024
The African country is eyeing a tokenized retail CBDC with offline transfer capabilities as it heads toward a cashless economy
Financial system ‘outdated’ but crypto is no fix either: US swing voters
8.5.2024
In a survey by the Digital Currency Group, 70% of swing state voters agreed the current financial system is "outdated" and in need of an overhaul, but most didn’t think crypto was the answer either
India Working on Offline Transferability of Digital Rupee, Says Central Bank Governor
8.5.2024
India’s central bank, the Reserve Bank of India (RBI), is in the process of making its central bank digital currency (CBDC) available without relying on internet access. RBI Governor Shaktikanta Das has emphasized the importance of ensuring the digital rupee’s ease of use. RBI Governor...
EU crypto regulations undermined by lack of enforcement, say observers
7.5.2024
The European Union’s Markets in Crypto-Assets Regulation is being phased in, but regulators have reportedly been inconsistent in enforcing existing laws
Crypto Wealth Bolsters Real Estate Markets and Consumer Spending, Study Finds
6.5.2024
As cryptocurrency becomes a significant part of American investment portfolios, its influence extends beyond digital transactions into tangible impacts on real estate markets and household spending, a recent study finds. Report Shows Cryptocurrency Wealth Adds ‘Meaningful Implications for the Real...
Chinese 'Crypto Dad' faces government investigation
26.4.2024
Yao Qian, the first director of CBDC development at China’s central bank, is reportedly under investigation for suspected law violations
DCG Boosts Legal Arsenal with First Chief Hire During New York AG Dispute
26.4.2024
Digital Currency Group (DCG), parent firm of bankrupt crypto lender Genesis, has brought on its first-ever chief legal officer as it faces a lawsuit from New York’s Attorney General.
The post DCG Boosts Legal Arsenal with First Chief Hire During New York AG Dispute appeared first on Cryptonews
Mauritania Central Bank Partners With Giesecke+Devrient to Develop a National CBDC
23.4.2024
The Central Bank of Mauritania (CBM) has partnered with Giesecke+Devrient (G+D) to develop and launch a digital version of the national currency. The Germany-based security technology firm is expected to assist the CBM in outlining the prerequisites for a national Central Bank Digital Currency...
Reserve Bank of New Zealand Releases Digital Currency Consultation Paper
20.4.2024
The Reserve Bank of Zealand has said the proposed digital version of the country’s physical cash would provide universal access to central bank money, either in physical cash or digital form. According to the central bank, the digital version will not only be government-backed but will also...