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Governments See CBDCs Making Their Countries ‘More Economically and Financially Efficient’ — Venom Foundation CEO
29.8.2023
According to Louis Tsu, the CEO of Venom Foundation, governments that are seeking to introduce central bank digital currencies (CBDCs) are not being driven by the fear that privately issued digital currencies may soon become the preferred method for cross-border and micropayments. Instead, some...
Vietnam, the Philippines, and Brunei to Join ASEAN QR Payment System to Reduce Dependence on US Dollar
29.8.2023
Vietnam, the Philippines, and Brunei will join a QR payment system to settle cross-border payments using local currencies within the Association of Southeast Asian Nations (ASEAN) bloc. The network, already being used between Indonesia and Malaysia, aims to interconnect all ASEAN nations to reduce...
High Proliferation of Crypto Scams in Africa Linked to Limited Educational Efforts — Mitroplus Labs Founder
29.8.2023
According to Ivaibi Festo, the founder of Mitroplus Labs, a crypto and blockchain education organization, cybercriminals continue to find success in Africa because not enough is being done to educate residents on the basics of digital assets or the technology that underpins such assets. To make...
Lawmakers Object to Federal Reserve’s Stablecoin Guidelines — Say They Undermine Legislative Progress
29.8.2023
Several U.S. lawmakers have objected to the Federal Reserve’s stablecoin regulatory guidelines, which they believe “will undoubtedly deter financial institutions from participating in the digital asset ecosystem.” According to the lawmakers, “The Fed has chosen to effectively...
Bankman-Fried Lawyers Seek Client’s Temporary Release for Trial Prep
29.8.2023
Sam Bankman-Fried’s high-powered legal team is pushing for the FTX founder’s temporary release from jail ahead of his October trial on fraud charges. In a motion filed Thursday, lawyers Mark Cohen and Christian Everdell claim Bankman-Fried’s Sixth Amendment rights are being...
Unveiling the Mystery: Recognizing the Profound Significance of Satoshi’s Anonymity
28.8.2023
From the genesis of Bitcoin’s inception to the contemporary landscape, the mystery surrounding the true identity of its architect, Satoshi Nakamoto, persists as an unrivaled enigma within the cryptocurrency realm. Despite the global reverberations stemming from bitcoin (BTC) and...
SEC Charges Impact Theory in First NFT-Related Lawsuit Over Unregistered Token Sales
28.8.2023
The Securities and Exchange Commission (SEC) has charged Los Angeles-based media company Impact Theory with offering and selling unregistered securities in the form of crypto asset tokens. Notably, this marks the SEC’s first lawsuit targeting an NFT offering. SEC Sues Impact Theory Over $30M...
Charles Hoskinson Asserts Cardano Will Surpass All: Envisioning ADA as the Leading Global Cryptocurrency
28.8.2023
During the Rare Evo blockchain and cryptocurrency convention, Cardano’s founder Charles Hoskinson expressed his conviction that ADA will eventually become the “biggest cryptocurrency in the world.” Simultaneously, ADA’s value has plummeted 15.2% against the U.S. dollar...
Biggest Movers: MATIC Extends Bull Run, SHIB Falls for 5th Straight Day
28.8.2023
Polygon climbed higher for a third straight session on Monday, as the token continued to move away from a recent support point. After a mostly bearish weekend, crypto markets eased back into the green to start the week. Shiba inu was a notable exception, as it extended a recent downtrend. Polygon...
Awakening of a Bitcoin Giant: $30 Million in BTC Moved From Dormant Wallets After 6-Year Slumber
28.8.2023
In 2023, multiple dormant bitcoin transactions caught the public’s attention and made headlines. Sunday night marks another significant event after a ‘sleeping bitcoin’ whale from 2017 stirred, spending an impressive 1,177.89 BTC — worth more than $30 million —...
Bitcoin, Ethereum Technical Analysis: BTC Consolidates, Ahead of Key Week of US Economic Announcements
28.8.2023
Bitcoin hovered below $26,000 on Monday, as traders awaited a big week of economic announcements in the United States. The consumer confidence report will be released on Tuesday, with gross domestic product and nonfarm payrolls coming in the upcoming days. Ethereum was largely unchanged today....
Latam Insights: Brazil’s Lula Pushes for BRICS Currency; Binance Drops Card Programs
28.8.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Brazil’s President Luiz Inacio Lula Da Silva pushes to issue a BRICS common currency, Binance drops card services, and Argentina gets invited to be part...
UN Secretary General Antonio Guterres Calls for Reform of ‘Outdated, Dysfunctional, and Unfair’ Global Financial Architecture
28.8.2023
Antonio Guterres, Secretary General of the United Nations (U.N.), has noted changes that need to happen with today’s financial institutions to fit into the current multilateral world. During the recent BRICS leaders summit, Guterres said that the current “outdated, dysfunctional,...
Venezuelan President Nicolas Maduro Calls for De-Dollarization of the Global Economy
28.8.2023
Nicolas Maduro, the president of Venezuela, has called to de-dollarize the global economy due to the difficulties the current system brings to emerging countries affected by U.S. sanctions. In a message directed to the BRICS leaders, Maduro called to establish alternative settlement systems using...
Binance Removes Sanctioned Russian Banks From P2P Platform
28.8.2023
Crypto exchange Binance has dropped Russian banks under sanctions from the payment options on its peer-to-peer (P2P) platform. Russian traders can no longer use cards issued by these banks to make payments while transactions in foreign fiat currencies are also restricted for them. Binance No Longer...
India’s Prime Minister Calls for Global Crypto Framework With Focus on Unified Approach, Adoption, Democratization
28.8.2023
India’s Prime Minister Narendra Modi says crypto needs “a global framework and regulations.” He stressed: “The rapid pace of change of technology is a reality — there is no point in ignoring it or wishing it away. Instead, the focus should be on adoption, democratization, and a unified approach.”...
Oil Giants Joining BRICS a Strategic Success for China and Russia, Expert Says
28.8.2023
A German expert says that the BRICS economic bloc adding several oil giants as new members “is a strategic success for China and Russia.” The BRICS leaders announced at their annual summit last week that they have invited Saudi Arabia, the UAE, Iran, Argentina, Egypt, and Ethiopia to join as...
Bitmain’s Upcoming Monero ASIC Miner Sparks Anxious Buzz Within XMR Community
28.8.2023
In an announcement on Sunday, cryptocurrency mining rig manufacturer Bitmain revealed its intention to sell a machine designed for mining the digital currency monero (XMR). The machine boasts a hashrate of 212 kilohash per second (KH/s), and the firm asserts that it is the first...
Glassnode and Ark Invest Introduce ‘Cointime Economics’ — A New Model to Measure Bitcoin’s Value
27.8.2023
Researchers from Glassnode and Ark Invest have collaborated to develop a new economic model for analyzing Bitcoin’s onchain metrics called “Cointime Economics.” The framework offers an alternative way to measure the economic activity and value of bitcoin based...
Report Reveals East Is Challenging West’s Long-Standing Gold Pricing Dominance
27.8.2023
A new report unveils a surge in gold acquisitions by Eastern nations, challenging the West’s long-standing dominance in gold pricing and altering the power equation in the global arena. Research Highlights East’s Rise as Challenger to West’s Gold Pricing Tradition In...