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Russian Central Bank: Digital Rubles Will Be Classified as ‘Highly Valuable Liquid Assets’
22.8.2023
The Russian Central Bank says it plans to begin classifying the digital ruble, the nation’s CBDC, as a “high-quality liquid asset” (HQLA), and will likely eventually oblige banks in the country to follow suit.
Central banks typically classify assets such as fiat cash, central bank reserves,...
Thailand threatens Facebook over crypto scams and other fraudulent ads
22.8.2023
Thailand’s digital minister said he would seek a court order to shut Facebook in the country unless it takes action on the alleged scams
Crypto miner Hive Digital CEO sees AI working in unison with blockchain
22.8.2023
Despite the competition between the two sectors, Hive Digital Technologies CEO Aydin Kilic said that blockchain and AI can work to the benefit of each other
Federal Reserve CBDC Would Threaten Privacy and Freedom, Report Warns
22.8.2023
The America First Policy Institute (AFPI) recently sounded the alarm on the potential dangers of transitioning to a central bank digital currency (CBDC). This revelation, in a report penned by Michael Faulkender and David Vasquez, highlights the probable perils associated with the Federal...
5 strategies to mitigate side channel attacks on cryptocurrency hardware wallets
21.8.2023
Explore strategies to prevent side-channel attacks on cryptocurrency hardware wallets, ensuring your digital investments remain secure
China Wants To Implement Social Credit System With Digital IDs In The Metaverse
21.8.2023
A new report suggests that China is pushing proposals aiming to transplant its traditional social credit system to the metaverse as it seeks to establish greater control.
According to Politico, the proposals were initially drafted by China Mobile, the state’s telecom provider termed the “Digital...
Farmington Bank Faces Fed Wrath: Alameda-Backed Financial Institution Ordered to Shutdown
21.8.2023
In a statement released August 17, 2023, Farmington State Bank, with an investment from Sam Bankman-Fried’s Alameda Research, consented to a cease and desist order from the U.S. Federal Reserve. Alameda invested $11.5 million into the bank’s coffers in January 2022. Government seizure...
BRICS Digital Currency ‘Could Launch in 5-10 Years,’ Experts Claim
21.8.2023
Experts in Brazil think BRICS leaders will agree to launch a digital fiat for the bloc at a summit next week.
The experts said the coin could debut in the next five to 10 years.
Per CNN Brasil and Tass, Evandro Caciano, the head of foreign exchange at Trace Finance, claimed that the nations...
BRICS Bank Could Issue Digital Currency for the Economic Bloc, Analyst Says
21.8.2023
A Trace Finance analyst has suggested that the BRICS nations could launch a single digital currency issued and regulated by the New Development Bank, also known as the BRICS Bank. He stressed that the U.S. is facing the biggest crisis in history. Many expect a common BRICS currency that would...
Gryphon Digital seeks court dismissal of Sphere 3D's lawsuit
20.8.2023
Gryphon Digital is requesting dismissal from a suit filed by its former partner Sphere 3D over a scam-related Bitcoin transfer. According to Gryphon, the incident was caused by Sphere's security failures
Weekly NFT Sales Dip by 1.18% Despite Rising Buyers and Transactions
20.8.2023
Based on the most recent week-long data, non-fungible token (NFT) sales experienced a slight decline of 1.18% from the previous week. Despite a recorded $107.05 million in NFT sales, there was a noteworthy rise of 86.71% in the number of buyers. Additionally, NFT transactions increased by...
Kiyosaki: Buy Silver Before It’s Gone; Michael Burry Bets Against Stocks — Week in Review
20.8.2023
Rich Dad Poor Dad author Robert Kiyosaki urges buying silver before it’s gone, hedge fund manager Michael Burry has bet $1.6 billion on the stock market collapsing, and mining rig manufacturer Bitmain is set to reveal a cutting-edge BTC miner at the 2023 World Digital Mining Summit. This...
Banks Allowed to Issue Crypto Mastercard Cards in Uzbekistan
20.8.2023
Authorities in Uzbekistan have authorized two local banks to issue payment cards allowing users to spend their digital coins. The move is part of a pilot project to launch virtual cards linked to cryptocurrency wallets on an exchange that will facilitate instant conversion to fiat money. Uzbekistan...
Russian Analyst: Digital Ruble ‘Brings No Benefits’ for Ordinary Citizens
19.8.2023
A Russian analyst has claimed that the digital ruble, the nation’s CBDC, will bring no benefits to ordinary citizens.
The comments were made by Anastasia Tselykh, a special correspondent at RTVI in her most recent column for the media outlet.
The Central Bank launched a pilot this week, which...
Study: Bitcoin Ordinal NFT Sales Nosedive as Broader Market Cools
19.8.2023
The buzz surrounding Bitcoin’s leap into the NFT world via Ordinals might be fleeting. A Dappradar study reveals that trading actions and sales figures for Bitcoin Ordinals have plummeted by a staggering 97% since their May 2023 zenith. This downturn mirrors a wider slowdown in the...
Baldur’s Gate 3 Co-Op Is The Game’s Chaotic Potential Realized
18.8.2023
I’m annoying as hell when it comes to choice-based RPGs because I am so particular about role-playing and writing a character in my head that I couldn’t even stand the thought of playing Baldur’s Gate 3 cooperatively with even my close friends. I said in my review that I don’t think it’s...
Digital Transformation Summit, Saudi Arabia, on August 23 & 24
18.8.2023
At the core of Saudi Arabia’s progressive trajectory lies its visionary initiative, Vision 2030, set in motion in 2016. This transformative roadmap envisions a digitally advanced nation, leveraging technology as a catalyst for sustainable economic growth and an elevated quality of life....
Securitize acquires $40b crypto fund manager Onramp
18.8.2023
Digital securities firm Securitize will provide new alternative assets to major cryptocurrency firms like WisdomTree and Valkyrie Invest
DT 100: Saudi Arabia’s top 100 visionary leaders driving digital transformation
18.8.2023
Exito Media Concepts proudly presents DT 100, a momentous initiative set to applaud the extraordinary accomplishments of Saudi Arabia’s technology leaders. This prestigious program is designed to honor exceptional individuals who have spearheaded groundbreaking advancements in technology...
FTX-Linked Bank Receives Federal Enforcement Action for Digital Asset Activities
18.8.2023
The Federal Reserve Board has taken enforcement action against Farmington State Bank, a small bank linked to now-defunct crypto exchange FTX, for engaging in undisclosed digital asset activities.
According to a Thursday press release, the Federal Reserve Board, in collaboration with...