Search
Ron DeSantis Promises to Ban CBDCs if Elected President
17.7.2023
DeSantis in March signed a bill as Florida’s governor to prohibit the use of CBDC’s within his state
Bitcoin ETFs Can Boost ‘Overall Reputation of Certain Cryptocurrencies’ — Brighty App Co-Founder
16.7.2023
According to Nikolay Denisenko, the co-founder and CTO of the financial and earning application Brighty App, the digital version of the pound sterling can be a bridge that enables “easy conversions between different types of crypto, stablecoins, and digital currencies.” Furthermore,...
Central Banks Controlling Money Is Not Democracy, Balaji Srinivasan Says
12.7.2023
If central banks control all uses of money, this is not democracy, Coinbase’s ex-tech chief Balaji Srinivasan is convinced. The entrepreneur commented on statements by the head of the Bank of International Settlements during an IMF meeting devoted to cross-border payments. Balaji Srinivasan Speaks...
BIS Survey: 93% of the World’s Central Banks Are Engaged in CBDC Work
12.7.2023
The Bank for International Settlements (BIS), an organization that seeks to support the international cooperation of the world’s central banks, has released the results of its 2022 survey on central bank digital currencies (CBDC) and crypto. The survey found that 93% of the 86 banks surveyed...
Saxo Bank Ordered to Liquidate Its Portfolio of Crypto Assets by Danish Financial Regulator
6.7.2023
According to a July 4, 2023 press release from the Danish Financial Supervisory Authority, Denmark’s Saxo Bank has been instructed to liquidate its holdings of cryptocurrency assets. The financial regulator maintains that Saxo Bank’s portfolio of crypto assets falls “outside...
Chinese City of Jinan Implements Digital Yuan Payments for Public Transportation Fares
5.7.2023
Jinan, the capital of the Chinese province of Shandong, has recently included the digital yuan as a means of payment for its public transportation system. According to local sources, digital yuan payments were implemented on July 1 in all city buses after being tested in just two bus lines. Jinan...
Litecoin Surges in Value Amidst EDX Listing and Imminent Reward Halving, Enters Top Ten Rankings
3.7.2023
During the past fortnight, the crypto asset litecoin (LTC) has surged over 40% against the U.S. dollar after the crypto exchange EDX announced the listing of LTC alongside three other prominent digital currencies. Additionally, Litecoin is on the verge of a reward halving, with only 30 days...
Swiss Central Bank to Launch Wholesale CBDC Soon Says Chairman Thomas Jordan
28.6.2023
The Swiss National Bank (SNB) said it plans to issue a wholesale central bank digital currency as a pilot via SIX Digital Exchange, a subsidiary of SIX, an operator of infrastructure for the Swiss and Spanish financial centers. SNB chairman Thomas Jordan said while the Central Bank has not ruled...
Latam Insights — IMF States Latam’s CBDC Interest Rises, Lula Emphasizes Bretton Woods Institutions ‘No Longer Function’
26.6.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue, the International Monetary Fund (IMF) reports interest in central bank digital currencies (CBDC) in Latam and the Caribbean is picking up, Lula criticizes...
Robert F. Kennedy Jr. Advocates for Bitcoin and Opposes CBDCs in Candid Interview
23.6.2023
U.S. presidential candidate Robert F. Kennedy Jr. spoke in an interview with the New York Post on June 22, 2023, and discussed a wide range of topics, including vaccines and bitcoin. Kennedy stated that if he becomes president, he will ensure that the U.S. maintains “policies that support...
Exploring Crypto Whale Concentration: Unveiling the Rich Lists of the Top 10 Cryptocurrencies
22.6.2023
In the past ten years, a myriad of digital currencies have emerged alongside bitcoin, forming a cryptocurrency ecosystem now worth $1.2 trillion. Within this realm, enigmatic figures known as crypto whales have played a pivotal role in the distribution, trading, and accumulation of coins across...
IMF Working on Platform to Support CBDC Cross-Border Interoperability
21.6.2023
The International Monetary Fund (IMF) is working to develop a platform that would serve as an interoperability layer for central bank digital currencies (CBDCs), allowing for settlements among different countries. According to statements from IMF Managing Director Kristalina Georgieva, this would...
Russia to Trial Digital Asset Settlements in Foreign Trade
17.6.2023
Bank of Russia plans to pilot cross-border payments using digital assets and central bank digital currencies, according to a deputy governor. The top executive believes these alternative instruments could increase efficiency in foreign trade while such settlements will not be permitted inside...
Bitcoin Dominance Soars to 47.5%: Highest Level in a Year as Other Crypto Assets Suffer
11.6.2023
On June 10, 2023, bitcoin is dominating with a market capitalization dominance of 47.5%, marking its highest level since this time last year, according to coinmarketcap.com. Meanwhile, ethereum’s dominance is holding steady at 20%, indicating that the recent dominance gains made by these...
SEC Chair Gensler Rebuts Claims Crypto Exchanges Lacked ‘Fair Notice,’ Affirms ‘Majority’ of Tokens Are Securities
9.6.2023
U.S. Securities and Exchange Commission Chair Gary Gensler discussed crypto exchanges and digital currencies at the Piper Sandler Global Exchange & Fintech Conference. He insisted that there is “nothing about the crypto securities markets that suggests that investors and issuers...
Janet Yellen Urges Congress to Enact Stricter Regulations for Crypto Industry Amid SEC Shakedown
7.6.2023
In a recent statement, former U.S. Federal Reserve chair and current Treasury secretary, Janet Yellen, expressed her desire for Congress to enact more regulatory measures concerning the cryptocurrency industry. Yellen cited Treasury reports on cryptocurrencies that have pinpointed various risks...
Chinese Yuan, Euro, Digital Currencies Challenge US Dollar Dominance, TD Economist Says
7.6.2023
A senior economist at financial services firm TD says the Chinese yuan, the euro, and digital currencies could erode the U.S. dollar’s dominance. “Several countries have shown frustration with the dominance of the dollar and are pursuing alternatives for conducting international trade...
IOHK’s Charles Hoskinson Warns of CBDC Agenda and Potential Dystopian Future Amid Binance Lawsuit
6.6.2023
Following the lawsuit filing by the U.S. Securities and Exchange Commission (SEC) against Binance, encompassing 13 allegations of “operating unregistered trading platforms” and “participating in multiple unregistered offers and sales of crypto asset securities,” Charles...
SEC Chairman Gensler Stresses Existing Fiat Digital Currencies Are Sufficient Amid Coinbase and Binance Actions
6.6.2023
In the aftermath of the U.S. Securities and Exchange Commission’s (SEC) enforcement actions against Coinbase and Binance, chairman Gary Gensler engaged in a conversation, maintaining that further digital currencies are unnecessary. “We already have digital currency. It’s called...
BNB Plunges 9% as Binance Faces Lawsuit, Exchange’s Bitcoin Reserves Record Significant Outflow
5.6.2023
Following the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Binance and its founder Changpeng Zhao (CZ), the crypto economy experienced a substantial decline of over 5% against the U.S. dollar, reaching a total valuation of $1.13 trillion. Among the leading digital...