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Russian State Duma Passes Digital Ruble Law


The State Duma, the lower house of the Russian Federal Assembly, discussed and passed the Digital Ruble law in its second and third discussion on July 11. The law will allow the Central Bank of Russia, as the sole regulator of the proposed digital currency, to organize a pilot test slated...

Bank of China Expands Digital Yuan Testing to SIM Cards and NFC Payments


The state-owned financial institution Bank of China has revealed a partnership with China Unicom and China Telecom in order to test SIM cards and near-field communication (NFC) payments tethered to the renminbi. The Bank of China explains that the pilot will be tested by selected users and areas...

SEC States Coinbase Misinteprets Howey Test, Misuses Major Questions Doctrine


The U.S. Securities and Exchange Commission (SEC) answered the latest filing of Coinbase by shooting down the arguments presented by the exchange to throw out the ongoing lawsuit. The filing reaffirms the institution’s jurisdiction on securities laws, explaining that Coinbase misinterprets...

Central Bank of Russia: Digital Ruble Could Be Launched as Soon as 2025


Olga Skorobogatova, first deputy chairman of the Central Bank of Russia, indicated that the launch of the digital ruble, the Russian central bank digital currency (CBDC), could happen in 2025. The pilot test for the CBDC will be organized later this year after the State Duma, the lower house of...

New York Federal Reserve and US Banks Complete Programmable Dollar CBDC Test


The New York Federal Reserve and a group of financial institutions announced the successful conclusion of a proof-of-concept of the Regulated Liability Network (RLN), which contemplates the introduction of a dollar-based interbank central bank digital currency (CBDC). The test concluded that, using...

Hell Yeah, Mortal Kombat 1 Makes It Easy To Do Fatalities


This past weekend I played a beta version of Mortal Kombat 1. I was part of an “online stress test” organized by NetherRealm Studios so the team could prepare the servers ahead of the game’s official launch. To quickly sum things up: So far, so good.Read more

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