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Kazakhstan officially launches digital tenge
15.11.2023
The chairman of the National Payment Corporation has made the first transaction with the central bank digital currency
Central Bank Digital Currencies Can Replace Cash, Offer Resilience: IMF Chief
15.11.2023
The public sector should continue to prepare for CBDC deployment, IMF Managing Director Kristalina Georgieva said
UK Appoints Bim Afolami as Economic Secretary to Oversee Crypto Regulation
15.11.2023
Source: AdobeStock / Mary Bim Afolami has been appointed as the economic secretary to the Treasury of the United Kingdom, where he will have authority over policies that impact the adoption of digital assets and central bank digital currencies within the country. According to a recent announcement...
JPMorgan Expects JPM Coin to Hit $10 Billion in Daily Transactions in Coming Year
15.11.2023
Source: AdobeStock / Alexey Novikov JPMorgan Chase & Co. is expecting its digital token, JPM Coin, to process $10 billion in daily transactions in the upcoming year. This projection comes from the insights shared by Umar Farooq, the bank’s Global Head of Financial Institution Payments...
Dapper Labs Partners With Disney to Launch NFT Pin-Collecting Platform
14.11.2023
Dapper Labs, known for its non-fungible token (NFT) collection NBA Top Shot, has unveiled Disney Pinnacle, its latest endeavor. This new platform is set to transform the traditional pin-collecting hobby into a digital experience, featuring characters from Disney’s long-standing history...
Crypto Regulation News Weekly Digest: Major Nations Commit to Crypto Tax Reporting Standard and EU Issues Draft Stablecoin Guidelines
14.11.2023
Nations and authorities advance crypto regulations across taxation, stablecoins, geo-blocking, and compliance this week. Image by motortion, Adobe Stock. Last week brought several noteworthy developments in the evolving crypto regulation scene across the globe. Major nations made efforts towards...
Hive Bolsters Mining Power With Purchase of 4,800 Bitmain S19k Bitcoin Miners Ahead of 2024 Halving
14.11.2023
On Tuesday, Hive Digital, a bitcoin mining company based in Vancouver, revealed its acquisition of 4,800 Bitmain S19k Antminer mining rigs. Hive stated that this purchase is intended to strengthen the firm and strategically position it for the anticipated reward halving. Vancouver’s Hive...
Australia Introduces Capital Gains Tax For Wrapped Tokens
14.11.2023
Source: Pixabay The Australian Taxation Office has issued an update on its capital gains tax for crypto products, stating that it also extends to wrapped tokens or token interaction with decentralized lending protocols. The previous edition of the capital gains tax stated that capital gains...
Disney and Dapper Labs Join Forces to Unveil NFT Platform
14.11.2023
Source: Pixabay Disney has announced a partnership with NBA Top Shot Creator Dapper Labs to launch a “digital pin” NFT platform. Disney Pinnacle will allow collectors to purchase and trade branded Disney NFTs featuring beloved characters from Pixar and Star Wars on the Flow blockchain....
October’s Inflation Report: Shelter Prices Up, Gasoline Plummets — Mixed Market Reactions Follow
14.11.2023
On Tuesday, the U.S. Bureau of Labor Statistics reported that the Consumer Price Index for All Urban Consumers (CPI-U) remained unchanged in October, following a 0.4% increase in September. Over the past year, the all-items index rose 3.2% before seasonal adjustment, marking a notable trend...
Bitcoin Price Prediction as US Core Inflation Rate is Announced – Is the Bear Market Officially Over?
14.11.2023
Bitcoin (BTC) Chart / Source: TradingView Bitcoin (BTC) is trading at daily lows in the $36,100s in wake of the release of the latest US inflation figures for October, despite the numbers coming in lower than expected across the board. The headline Consumer Price Index (CPI) showed prices remaining...
Disney Does NFTs Again in Partnership With NBA Top Shot Makers Dapper Labs
14.11.2023
Get Ahead of the Ethereum Price Explosion With the ETHETF Token Before BlackRock Ethereum ETF Launches – Price Pumps 400% in Early Action
14.11.2023
A new cryptocurrency launched today called $ETHETF Token and it is the go-to digital asset to capitalize on approval of a spot Ethereum ETF from fund giant BlackRock. Launched at 1pm GMT on Uniswap the price of the coin has rocketed 186% within the first 10 minutes of trading, currently priced...
9.4% of French Population Holds Crypto as the Asset Class Ranks Second in Investment Options
14.11.2023
Source: AdobeStock / MarinadeArt France’s financial regulator, Autorité des Marchés Financiers, has published a study by the Organisation for Economic Co-operation and Development (OECD) on investment choices and growth levels in the country. In the survey released on Nov 13, digital assets...
Business2Community: Cryptocurrency Adoption Soars in Emerging Markets
14.11.2023
The trajectory of cryptocurrencies, from their inception as a novel digital medium of exchange, has been nothing short of transformative. Initially tethered to the sphere of finance, offering an alternative to conventional banking paradigms, cryptocurrencies have transcended these boundaries...
Inflows Into Digital Asset Investment Products Cross the $1 Billion Mark — Study
14.11.2023
The U.S. dollar value of funds flowing into digital asset investment products or exchange-traded products (ETP) in 2023 now exceeds $1 billion. In the week ending Nov. 10, approximately $293 million flowed into ETPs. Bitcoin ETP trading volumes in the week under review constituted nearly 20%...
Crypto.com Wins Digital Asset License in Dubai
14.11.2023
Cryptocurrency exchange Crypto.com has been granted a licence to operate specified virtual asset service activities in Dubai
CVM Chief: Brazilian CBDC Drex to ‘Kill’ Many Cryptocurrencies
14.11.2023
João Pedro Nascimento, president of the Brazilian Securities and Exchange Commission (CVM), believes that drex, the Brazilian central bank digital currency (CBDC), will “kill” many cryptocurrencies. While established cryptocurrencies like bitcoin and ethereum will keep being used in...
Russian Banks ‘Fighting Back’ Against Digital Ruble – Report
14.11.2023
Source: pisotckii/Adobe Russian banks are reportedly “fighting back” against the digital ruble amid claims a CBDC launch would cost them $684 million a year. Per a report from Comnews, even the Central Bank’s commercial bank partners are “looking for ways” to “avoid” dealing with the coin...
APEC finance ministers to share perspectives on crypto at meeting in San Francisco
13.11.2023
U.S. Treasury Secretary Janet Yellen said she is looking forward to hearing from the finance ministers of some of the world’s most crypto-forward countries