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Jamaica Plans to Pilot a Central Bank Crypto, CBDC to Work Alongside Notes and Coinage
26.3.2021
While a number of countries are working on central bank digital currencies (CBDCs), on Tuesday, the Bank of Jamaica (BoJ) announced it will soon be piloting a CBDC project. The BoJ is working with a firm called Ecurrency Mint Incorporated and plans to pilot the cryptocurrency in May. Jamaican CBDC...
Microsoft President Says the World Is Best Served When Currencies Are Issued and Backed by Governments
25.3.2021
Microsoft President Brad Smith says that “The world is best served when currencies are issued, backed by and regulated by governments.” He further emphasized that he is not a fan of encouraging the private sector to issue digital currencies. Microsoft’s President Says Currency...
Marshall Islands digital currency would 'raise risks,' says IMF
24.3.2021
Thanks to COVID measures, the local economy may not recover until 2022
Microsoft president says fintechs should leave currency to central banks
24.3.2021
Microsoft president Brad Smith is not keen on the idea of technology companies issuing private stablecoins
Tesla Begins Accepting Bitcoin — Elon Musk Says BTC Payments Will Not Be Converted to Fiat Currency
24.3.2021
Elon Musk’s electric car company, Tesla, has started accepting bitcoin payments. Musk, whose title is now Technoking of Tesla, also confirmed that all “Bitcoin paid to Tesla will be retained as bitcoin, not converted to fiat currency.” Tesla Now Accepts Bitcoin Tesla has begun...
Digital Yuan Won’t Be Fully Anonymous but Offers ‘Controllable’ Privacy Protection, Says Official
24.3.2021
Privacy has been a discussion that has not gone unnoticed when it comes to the forthcoming launch of the digital yuan. The head of the People’s Bank of China-run Digital Currency Research Institute had firmly pointed out that anonymity cannot be guaranteed at all. Feature Seeks to Avoid...
Hut 8 Joins Foundry’s US Mining Pool, Adds Over 14,000 Bitcoin Mining Rigs of Hashpower
23.3.2021
On Tuesday, the firm Hut 8 Mining Corp., announced that it is joining the Foundry U.S.-based mining pool. The publicly-listed mining company said that it added 14,400 machines to Foundry’s mining operation and it also plans to deploy another 5,000 miners by August. Hut 8 Joins Foundry’s...
The Turkish Lira Plunges Following Removal of a Central Bank Governor, BTC Searches up
23.3.2021
The Turkish lira currency plunged by more than 10% on March 22 after the country’s President Recep Tayyip Erdogan unexpectedly fired Naci Agbal, the country’s central bank governor. Having initially touched a new low of 8.280 a dollar, the lira recovered to close at 7.75 a dollar...
China’s digital yuan will offer best privacy protection, says official
22.3.2021
The People’s Bank of China intends to enable anonymous digital yuan transactions of small amounts in order to protect “reasonable” anonymity needs
Deutsche Bank: Bitcoin Now 3rd Largest Currency, Too Important to Ignore
22.3.2021
Deutsche Bank has published a report stating that bitcoin is too important to ignore, noting that it is now the third-largest currency in terms of the total value in circulation. In addition, the bank says that governments and central banks know that cryptocurrencies are here to stay and...
FBI Arrests 6 Free Keene Members Operating Cryptocurrency Exchange
21.3.2021
Six people involved with the Free Keene movement have been arrested and charged for allegedly operating an illegal cryptocurrency exchange business. “They operated their virtual currency exchange business using websites, as well as operating virtual currency ATM machines in...
Thai Central Bank Declares Baht-Pegged Stablecoin Illegal in Violation of Currency Law
21.3.2021
Thailand’s central bank has declared a stablecoin pegged to the Thai Baht illegal, citing violation of the country’s currency law. The Bank of Thailand (BOT) is currently working on a regulatory framework for stablecoins. Thailand Bans Baht-Pegged Stablecoin The Bank of Thailand,...
How Bitcoin Neutrality Is Simply Another Vote for a Crumbling Status Quo
18.3.2021
Nearly ten years into failed fiscal and monetary policy experiments, when trust in institutions is ebbing near an all-time low, the rationale for holding bitcoin has never been stronger. Yet, many people are neutral and non-reactive on the matter, giving credence to the current state of affairs...
ATM Network Bitcoin of America Partners Announces Partnership With Non-Profit Organization Jambos
18.3.2021
PRESS RELEASE. Bitcoin of America, a popular virtual currency exchange, has announced its partnership with Jambos. Jambos is a non-profit organization that helps bring comfort to thousands of children in the foster care system. Even though Jambos and Bitcoin of America differ in their services,...
Putin issues orders to combat ‘illegal cross-border transfers’ of digital assets
17.3.2021
Russia is apparently preparing to scrutinize cross-border cryptocurrency transactions for potential illegal activity
Peter Schiff Claims Grayscale Will Sell BTC to Fund DCG’s Acquisition of GBTC Shares Rebuffed
12.3.2021
Gold bug and bitcoin opponent, Peter Schiff has alleged that the Digital Currency Group (DCG)’s plan to acquire GBTC shares worth $250 million could be an indication that Grayscale Investment will be reducing the value of its AUM. In addition, Schiff claims in his tweet that “Grayscale...
Goldman Sachs Reports Rising Customer Demand for BTC: Predicts an ‘Explosion’ in the Use of Digital Currencies
12.3.2021
John Waldron, the chief operating officer (COO) of Goldman Sachs, says the financial services giant is seeing rising customer demand to own and invest in bitcoin. Nevertheless, the COO explained that his organization was still exploring ways of satisfying this demand without running afoul...
Funny money: Brooklyn 99 star launches own social currency
12.3.2021
Brooklyn 99 star Terry Crews is launching his own cryptocurrency, $POWER, where people can own a piece of him and spend it at the local grocery store
The Kessler Collection Jumps Into Crypto, 8 Luxury Hotels Now Accept Digital Currencies
11.3.2021
During the last few months, a great number of businesses have been adding cryptocurrency support to their payment systems. On Tuesday, the luxury hotel group called The Kessler Collection announced it is now accepting digital currency payments for accommodations. The Kessler Collection’s...
Bank of Russia to start digital ruble trials in 2022
11.3.2021
The Bank of Russia hopes to complete a prototype platform for a digital ruble by the end of 2021