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Only 2 % of Russians Ready to Keep All Their Savings in Digital Ruble: Poll
27.8.2023
While over half of Russians are willing to put some money into their nation’s digital ruble, only 2% say they would keep all their savings in it. Insufficient information and fear of system failures are among the biggest factors turning people away from the government-issued digital currency....
Founders of Crypto Mixer Tornado Cash Accused of Laundering $1 Billion
24.8.2023
The founders of the cryptocurrency mixing service Tornado Cash were charged Thursday with allegedly helping to launder more than $1 billion in digital currency, including funds taken by North Korean hackers. Department of Justice: ‘You Can’t Hide From Us Behind a Keyboard — Whether You’re a Hacker...
Central Bank of Brazil Rebrands CBDC to ‘Drex,’ Launch Expected by 2024
22.8.2023
The Central Bank of Brazil has issued a press release revealing details about “drex,” the Brazilian central bank digital currency (CBDC) formerly known as the digital real. The bank explained the need for a rebranding and detailed how it might revolutionize transactions with digital...
XRP Value Plunges 39% Post-SEC Verdict: XRP Army Remains Optimistic Amid Market Turbulence
22.8.2023
It’s been 40 days since the U.S. court issued a partial verdict in the SEC’s case against Ripple. In that timeframe, the digital currency XRP’s value has slumped by a significant 39.43%. Despite SEC’s Interlocutory Appeal and 39% Downturn, XRP Enthusiasts Hold out for...
Mastercard Launches CBDC Partner Program
22.8.2023
Mastercard, the credit behemoth, announced the launch of a new program to widen its understanding of central bank digital currency (CBDC) and its possible applications. The CBDC Partner Program will be integrated by Ripple, Consensys, Fluency, Idemia, Consult Hyperion, Giesecke+Devrient,...
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...
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...
Bybit Announces ‘Imminent’ Listing of Paypal’s PYUSD Stablecoin
17.8.2023
According to the crypto exchange Bybit, the trading platform plans to list Paypal’s stablecoin soon. Amid Bybit’s announcement, Paypal’s PYUSD token has seen little movement as most of the supply is held by the contract and the Paxos Treasury. Dubai-Based Bybit Prepares to List...
US Congressman Warren Davidson: ‘Banning CBDC Is Essential to America’s Fintech Future’
16.8.2023
U.S. Congressman Warren Davidson has railed against central bank digital currencies (CBDC), stating that enacting a ban on these instruments is “essential” for the future of the fintech industry in America. Davidson explained that many people wrongly conflate cryptocurrencies with CBDC...
From Crypto Custodian to Court: Prime Trust Files for Bankruptcy Protection
15.8.2023
In the wake of financial upheavals and regulatory hurdles, Prime Trust, a digital currency custodian, has formally sought Chapter 11 bankruptcy protection. This move closely follows the appointment of John Guedry as the company’s overseer, bolstered by a designated committee to steer...
Mbridge Project Has Observers Worried About Advances of the Digital Yuan
15.8.2023
The Mbridge project, a central bank digital currency (CBDC) international payment system, is starting to worry observers. Such a system, when completed, could ostensibly allow the digital yuan to reach more countries in trade settlements, chipping away at the world dominance of the U.S. dollar...
CoinDesk to lay off part of editorial staff in preparation for sale of stake: Report
14.8.2023
Estimates of staffers facing the axe range from 45% (20 people) to 16%. A company-wide meeting is reportedly scheduled for Aug. 14
Rebase Tokens: A Stunning Collapse From $8 Billion to $351 Million in 20 Months
12.8.2023
The crypto winter inflicted a brutal toll on the digital currency landscape, leaving numerous coins with values utterly obliterated. Within this ravaged financial terrain, one specific category — rebase tokens — suffered a tremendous deflation in worth over the previous 20 months. In a stark...
Russia to Test Digital Ruble in 11 Cities, Moscow Subway
12.8.2023
Russia’s capital Moscow and 10 other cities will host pilot tests for the digital ruble, Bank of Russia Deputy Governor Olga Skorobogatova announced. Over a dozen Russian banks are going to take part in the trials with real transactions and users scheduled to commence in mid-August. Russia Prepares...
'Good Luck' Convincing a Jury: Cameron Winklevoss Rebuts DCG Court Filing
11.8.2023
His Gemini crypto exchange and conglomerate Digital Currency Group are battling – in and out of court – over the failure of Gemini's Earn lending service
CBDC Is Grave Threat to Liberty, Presidential Hopeful Vivek Ramaswamy Warns
11.8.2023
The U.S. dollar will be stronger if it’s not a central bank digital currency (CBDC), according to candidate for Republican presidential nomination Vivek Ramaswamy. He is convinced that a digitized greenback and other digital fiats represent a threat to democracy in the United States. CBDC Is...
Canadians have ‘weak incentives’ to use a CBDC: Bank of Canada
11.8.2023
A central bank discussion paper found that the majority of Canadians have little trouble accessing financial services, which gives them little reason to use a CBDC
Digital Currency Group Strikes Back: Motion to Dismiss Gemini’s Lawsuit Filed
11.8.2023
Digital Currency Group (DCG) has filed a motion to dismiss the lawsuit brought against them by Gemini Trust Company, LLC. The motion, filed in the Southern District of New York, argues that Gemini’s allegations of fraudulent misrepresentations related to the Gemini Earn program are without...
Digital Currency Group files motion to dismiss Gemini lawsuit, claiming it's a PR campaign
10.8.2023
Gemini’s complaint filed in July alleged DCG and Barry Silbert had made "false, misleading, and incomplete representations and omissions" related to Genesis and the Earn program