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Stablecoins must be programmable to counter CBDCs

25.4.2023
Decentralization enables programmability — and that allows stablecoins to wield a key advantage over central bank digital currencies

Today in Crypto: Standard Chartered Says BTC Could Hit $100K by 2025, Bank of Korea Allowed to Investigate Crypto Business Operators, US Judge Orders Hydrogen to Pay $2.8M in Penalties

24.4.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: Standard Chartered Says BTC Could Hit $100K by 2025, Bank of Korea Allowed to Investigate Crypto Business...

Bitcoin Price May Hit $100K by Year End, Standard Chartered Bank Says

24.4.2023
The report noted that the crypto winter is finally over and bitcoin halving is set to be a positive catalyst for the price

China to expand CBDC use case for Belt and Road Initiative

24.4.2023
China was one of the first nations to start working on its CBDCs. However, despite the completion of its development, the government is yet to officially launch the CBDC

The day the last withdrawal is locked

24.4.2023
One day, you will probably tell your grandchildren about the Wild West days of cryptocurrency

Russia to Increase Reliance on National Currencies in Energy Trade, Vows to Move Away From the US Dollar

24.4.2023
Russia will increase its reliance on national currencies to settle payments for its energy resources, moving away from the US dollar, according to Russian Deputy Prime Minister Alexander Novak. Novak noted there is a great interest in acquiring Russian energy resources, leading Russia to accept...

Zimbabwe's Central Bank Plans Gold-Backed Digital Currency to Stabilize Local Economy

24.4.2023
The central Reserve Bank of Zimbabwe (RBZ) plans to introduce a gold-back digital currency, meant to be used as legal ledger within the country. The new currency will be used for transactions within the South African nation as part of its plans to stabilize the local currency, The Sunday Mail...

US Treasury seeks to tighten nonbank rules following banking crisis

24.4.2023
Janet Yellen called for further regulation of nonbank institutions claiming they pose a systemic risk to U.S. financial stability

Bank of Korea given right to investigate local crypto firms: Report

24.4.2023
The South Korean central bank will be able to access crypto transaction data from exchanges operating in the country

Republicans Seek to Repeal Biden’s Inflation Reduction Act in Exchange for Raising US Debt Limit

23.4.2023
There has been a lot of commentary concerning the U.S. raising its debt limit, as Treasury secretary Janet Yellen said last month that a U.S. default would be “devastating,” and European Central Bank president Christine Lagarde warned it would be a “major disaster” if...

Zimbabwe's central bank to issue gold-backed digital currency: Report

23.4.2023
The Reserve Bank of Zimbabwe plans to introduce a gold-backed digital currency as legal tender in a bid to stabilize its local currency

Jeffrey Tucker Says Dollar Will Be Dethroned, Russian Official Speaks on De-Dollarization, and a Look at Historic Fractional Reserve Banking in Italy — Week in Review

23.4.2023
Bitcoin proponents eyeing fiat failures are in no shortage of news on the topic as of late, as multiple officials, economists, authors, and analysts from around the world have been weighing in on “de-dollarization” in a prolific fashion. Author and libertarian Jeffrey Tucker said...

Russia to Work With Digital Currencies of Other Nations

23.4.2023
The platform developed for the digital ruble will be able to operate with different state-issued digital currencies, the Bank of Russia said. Mechanisms for interaction with digital coins minted by the central banks of other countries are already under development, the monetary authority unveiled....

BRICS Bank ‘Re-taps Into USD Bond Market’ With $1.25 Billion ‘Green’ Bonds

22.4.2023
The development bank established by the BRICS group of nations has issued its first “green” bonds in U.S. dollars (USD). Proceeds from the placement will be used to fund “green” projects supported under the banking institution’s sustainable financing policy. BRICS Development Bank Launches 3-year...

Report: Korean Central Bank to Gain Right to Probe Virtual Asset Entities After Financial Regulator Drops Opposition

22.4.2023
The South Korean central bank is set to be granted the right to investigate virtual assets after the Financial Services Commission (FSC) dropped its opposition to the move. According to a report, the FSC dropped its opposition to the central bank’s bid after it was accused of seeking to make...

Global Reserves Held in US Dollars Fell to Less Than 50% — Official States It Has Become a ‘Toxic’ Currency

22.4.2023
The percentage of reserves held in U.S. dollars by central banks has fallen to less than half of the global total of reserves, according to a note from Eurizon SLJ Asset Management. The note states that the recent sanctions enacted by the U.S. against the Bank of Russia have eroded trust in...

Bank of Russia Has Stockpiled Reserve Comprised of Non-US Sanctioned Assets, Governor States

21.4.2023
Elvira Nabiullina, governor of the Bank of Russia, has affirmed the bank has stockpiled reserves in assets that are not susceptible to being affected by U.S. sanctions. The official clarified that Russia has built a “safety cushion” in these assets while it continues working on creating...