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SDX Welcomes 6th Exchange To The Fold
27.9.2023
Hypothekarbank Lenzburg, a prominent regional Swiss bank with assets exceeding $7 billion, has joined the Six Digital Exchange (SDX), becoming the sixth Swiss bank to do so.
In a Wednesday press release, SDX said it welcomes Hypothekarbank Lenzburg as a new member of its central securities...
Central Bank Digital Currency a Threat to Financial Stability — Nigerian Central Bank Study
27.9.2023
Despite the role it has played in narrowing the financial inclusion gap, the e-naira central bank digital currency still poses a risk to financial stability. In addition to bolstering the financial inclusion rate, the central bank claimed that the CBDC would “widen the size and stability...
Worldcoin Blows up in Chile; Sign-Ups Exceed 1% of the Population
27.9.2023
Worldcoin, the biometric wallet and ID project, has reported that it has signed up more than 1% of the population of Chile. According to the organization, more than 200,000 Chileans are already using Worldcoin, a popularity uptick shared with other South American countries, including Argentina...
Digital Arm of Thailand’s SCBX and Korean Web3 Firm Hashed Ink R&D Partnership
27.9.2023
The partnership comes weeks after KBank, rival of SCBX’s parent, announced a $100 million web3 fund
Nomura’s Laser Digital receives in-principal approval for operations in Abu Dhabi
26.9.2023
The Japanese bank joins a rapidly growing number of digital asset firms operating in Abu Dhabi and the rest of the United Arab Emirates
Moneygram Introduces Non-Custodial Crypto Wallet for Cross-Border Payments
26.9.2023
Moneygram, a leading money transfer company, announced plans to launch its own non-custodial digital wallet in partnership with the Stellar Development Foundation. The wallet will enable users to convert between fiat and digital currencies when sending cross-border payments. Moneygram Partners With...
CBDCs could support a more stable economy — if banks pull the strings
26.9.2023
Central bank digital currencies (CBDCs) could confer economic benefits if governments don't use them to cannibalize the commercial banking industry
Bitcoin Gains Recognition As A Unique, Non-Replicable Digital Asset Following Chinese Court Report
26.9.2023
The Shanghai Second Intermediate People's Court in China has explained that Bitcoin (BTC) stands out as a unique virtual asset based on several attributes including its scarce nature.
On Sept. 25, the court published a report “Legal Attributes and Judicial Disposal of Digital Currency”...
IRS Proposed Rule on Digital Asset Broker Reporting Could Kill Crypto in America
26.9.2023
The proposal creates unworkable requirements for decentralized finance in the U.S. and serves as an important cautionary tale
JPMorgan’s subsidiary Chase UK to restrict crypto transactions
26.9.2023
Starting from Oct. 16, Chase Bank customers in the United Kingdom will no longer be able to make crypto transactions
Bitcoin gains legal recognition as digital currency in Shanghai China
26.9.2023
A similar report from another Chinese court earlier in September recognized cryptocurrencies as virtual properties protected by law
Marathon CEO Fred Thiel Warns About Fed Losing Its Weapons to Fight Inflation During Upcoming Period of Fiscal Dominance
26.9.2023
Fred Thiel, CEO of Marathon Digital Holdings, a Nasdaq-listed Bitcoin mining company, has warned about the future of the U.S. economy and the consequences of the Federal Reserve’s current monetary policy. Thiel noted the possibility of an upcoming period of fiscal dominance, in which...
Bitcoin price at risk? US Dollar index confirms bullish 'golden cross'
26.9.2023
Concerns over the U.S. dollar's impact on Bitcoin may be overstated by investors, particularly in the longer term
ECB Chief Lagarde Says Digital Euro is “Not Yet Out There” and Would Take Two Years
26.9.2023
European Central Bank’s (ECB) president Christine Lagarde said that there is a lot going on in crypto, however, a ‘digital Euro’ pilot “will probably take us another two years, at least, before it’s the final say.”
Addressing lawmakers at the EU Parliament's Economic and Monetary Affairs Committee...
Digital Asset Products Record Outflows In Sixth Consecutive Week, Europe Overtakes US in Bullish Stance: CoinShares Report
25.9.2023
Cryptocurrency investment products recorded outflows for the sixth consecutive week with market leaders Bitcoin (BTC) and Ethereum (ETH) leading the pack.
A new CoinShares market report shows total outflows from digital asset products totaling $9 million with BTC accounting for $6 million in...
Senator Gillibrand Rallies Democrat Colleagues to Adopt Digital Assets Regulation
25.9.2023
Senator Kirsten Gillibrand is in talks with her Democrat colleagues in the Senate to support cryptocurrency regulation amid speculations of a government shutdown.
Speaking at the Mainnet Conference on Sept 22, Gillibrand noted that she is on track to convince her party members to embrace more...
Digital Euro at Least 2 Years Away, ECB’s Lagarde Says
25.9.2023
The central banker said she wanted to address “conspiracy theories” about government snooping
Digital Yuan app adds prepaid Mastercard VISA top-ups for tourists
25.9.2023
The Digital Yuan app now allows tourists to top-up e-CNY wallets with Mastercard & VISA payment with 'recharge first and use later' option
Coinbase Registers as Crypto Exchange and Wallet Provider in Spain
25.9.2023
U.S.-based crypto exchange Coinbase has obtained a registration in Spain that will allow it to offer a range of services for digital assets. The authorization fits into the company’s current strategy for global expansion through acquiring local licenses and tailoring products for specific markets....
Foreign Travelers Can Now Use China’s Digital Yuan App
25.9.2023
Visitors to China can now buy digital yuan tokens with overseas cards via the central bank’s official CBDC mobile app.
Per the China Business News, via Yicai, the bank has updated its app to allow visitors to China “to download the digital yuan app from app marketplaces.”
The platform has been...