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41% of Central Banks Expect to Have Operational CBDCs by 2028 — Study
26.12.2023
Some 41% of central banks that participated in the Official Monetary and Financial Institutions Forum (OMFIF) study said they expect to have an operational central bank digital currency (CBDC) by 2028. The survey found that the sentiment towards CBDCs is turning positive with 30% of the respondents...
Dogecoin Price Prediction as DOGE Falls Below $0.10 – Time to Buy the Dip?
21.12.2023
Dogecoin (DOGE/USD), a standout in the volatile realm of cryptocurrencies, is once again in the spotlight as it dips below the $0.10 mark. Trading around $0.09150 on December 21, with an impressive 24-hour trading volume of approximately $513.76 million, the meme-inspired digital currency has seen...
Bitcoin Price Prediction as Trading Volume Spikes by 40% – Are Investors Gearing Up for a Major Move?
20.12.2023
As the digital currency market pulsates with energy, Bitcoin price prediction takes the spotlight, riding on a remarkable 40% surge in trading volume. This burgeoning activity begs the question – is the investment community bracing for a seismic shift in Bitcoin’s trajectory? Amidst...
Report: Bank of Korea Chief Says Growing Use of Stablecoins Threatens Central Bank Operations
19.12.2023
The Bank of Korea governor Rhee Chang-yong recently stated that the growing stablecoin use threatens the operations of central banks. The possible involvement of global networks like Visa and Mastercard in the stablecoin business will likely undermine the monetary independence of countries like...
DCG Can't Sell or Reduce Ownership of Genesis Until Bankruptcy Proceedings Close, Judge Rules
19.12.2023
Genesis requested a New York bankruptcy court to bar ownership changes to secure tax benefits on around $700 million worth of operating losses
Circle Launches EURC Stablecoin on Solana, Expanding Euro Access in the Crypto Space
19.12.2023
Expanding the global reach of euro-based stablecoins, Circle has debuted its EURC token on the Solana blockchain, offering a fully reserved, euro-backed digital asset. Circle Expands its Stablecoin Portfolio With EURC Launch on Solana, Boosting Euro Integration in Digital Finance Circle, a leading...
XRP Price Prediction as $1.2 Billion Trading Volume Sends XRP Down 4% – Are Whales Selling Before January?
16.12.2023
Despite a cautiously optimistic technical outlook, Ripple’s XRP has recently faced a downturn, dropping by 4% amidst a whopping $1.2 billion trading volume. As of December 16, the digital currency is trading at $0.620, marking a marginal 0.50% increase over the last 24 hours. Its significant...
Bitcoin Price Prediction as Gary Gensler Says SEC Taking ‘New Look’ at Spot BTC ETFs – Approval Coming?
15.12.2023
In the dynamic landscape of cryptocurrency, Bitcoin, the pioneering digital currency, has recently seen a downturn, slipping below the $43,000 threshold. This decline aligns with the broader crypto market, which witnessed a 0.25% drop in its global market cap, now standing at $1.61 trillion. This...
Bitcoin Price Prediction: FOMC Optimism & Spot ETF Buzz Lift BTC to $42,750
14.12.2023
The digital currency landscape is abuzz as Bitcoin’s price soars to $42,777, marking a significant 4% increase on Thursday. This rally is buoyed by a wave of optimism following the Federal Reserve’s latest FOMC meeting, which indicated a dovish stance on future rate hikes, and sparked...
Uptick in Token Generation Events Signals Market Shift
14.12.2023
The behavior of the cryptocurrency market has changed, with a newfound interest in Token Generation Events (TGEs) and rapid listings, pointing to a potentially revitalized crypto market and an influx of new projects. Crypto Market Shifts Gears With Surge in Token Generation Events In a development...
Russian Ministry of Finance Proposes Exporting Cryptocurrencies as a Commodity, akin to Natural Gas
14.12.2023
Source: Pixabay The Russian Ministry of Finance has presented the idea of exporting cryptocurrencies as a product of mining activities. The move is intended to position digital currencies on an equal footing with traditional exports, such as natural gas, potentially reshaping the landscape of...
LatAm Embraces Wider Stablecoin Adoption: Circle Report
13.12.2023
Source: Getty Images Fintech firms in Latin America are rapidly embracing digital finance solutions, fueled by an increase in crypto adoption among citizens. In a recent report, USDC issuer Circle revealed that citizens of LatAm countries received $562 billion in digital currency value between 2021...
US Seizes Half a Million Dollars in Digital Currency Linked to Chinese Man Involved in Crypto Fraud
13.12.2023
Source: Pexels The United States has seized digital currency valued at approximately half a million dollars from an account registered to a Chinese individual who was implicated in a crypto-investment fraud scheme. The scam, commonly referred to as “pig butchering,” involves...
City of Basel Settles Tokenized Bonds Using Wholesale CBDC
12.12.2023
The Swiss city of Basel recently settled a series of tokenized bonds using a wholesale central bank digital currency (WCBDC) as part of Helvetia III, a WCBDC pilot program. The system is designed to prioritize efficiency, as having on-chain funds bypasses the need for reconciling transactions with...
Bank of Russia States Digital Ruble Pilot Will Continue Until the End of 2024
11.12.2023
The Bank of Russia has offered an update on the future of the digital ruble pilot, the Russian central bank digital currency (CBDC). The bank’s press service clarified that the pilot will continue throughout 2024 and until the massification of the digital ruble usage, estimated to happen...
Latam Insights: El Salvador’s Bitcoin Portfolio Goes Black, Brazil Brings Digital Currency Talk to G20
11.12.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The portfolio of bitcoin investments of the Salvadoran government went into black numbers, Brazil will discuss using digital currencies for financial...
China and Singapore Team Up to Allow Tourists to Spend Digital Yuan
10.12.2023
Singapore and China have teamed up on a pilot to allow tourists in both countries to spend China’s central bank digital currency, the digital yuan. “This will enhance convenience for travelers when making purchases during their overseas travel,” Singapore’s central bank...
Brazil to Discuss Digital Currency Usage for Financial Transactions in G20
8.12.2023
Brazil will address the subject of digital currencies and how they can improve the financial system for the Group of Twenty (G20). Roberto Campos Neto, president of the Central Bank of Brazil, stated he wants the G20 to consider the benefits of using these currencies for making financial...
Singapore, China to Begin Piloting Digital Currency in Tourism Spending Push
7.12.2023
Source: AdobeStock / Proxima Studio Singapore’s regulatory body the Monetary Authority of Singapore (MAS) plans to begin piloting the digital currency “E-CNY” – also known as the digital yuan, in collaboration with China to encourage tourism spending. The two countries first signed a Memorandum...
Florida Governor Ron DeSantis Says CBDC is a Direct Threat to Personal Freedom
7.12.2023
Image Source: AP Photo At a recent debate held at the University of Alabama, Republican candidates gathered to discuss various topics, including cryptocurrency regulation and Central Bank Digital Currency (CBDC). During the event, Florida Governor Ron DeSantis criticized the idea of a central bank...