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Private Banks Propose to Help Design Digital Currency in Mexico


Private banks in Mexico want to join efforts with the central bank of the country in the creation of a new digital currency. The president of the Mexican Bank Association (ABM) met with the governor of the Bank of Mexico to offer the help of the group of private banks for the creation of a […]

Luna Foundation Guard Raises $1 Billion to Safeguard UST Dollar Peg


The Luna Foundation Guard (LFG) has raised $1 billion in a private token sale to allow the group to safeguard the peg of UST, Terra’s flagship stablecoin, against market instabilities. While the token has an algorithmic method to maintain its dollar value, this decentralized reserve —...

Paragen Kicks Off Its Journey on Moonstarter Through a Private Sale


Paragen joins the MoonStarter IDO launchpad to strengthen its market. Earlier today, the announcement from Paragen informed the community that it will join forces with MoonStarter from now on. The integration will focus on several layers of development for the benefit of the platforms and...

IMF: Crypto Is No Match for Well-Designed Central Bank Digital Currencies


The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, says that crypto assets and stablecoins are no match for well-designed central bank digital currencies (CBDCs). “If CBDCs are designed prudently, they can potentially offer more resilience, more safety...

Polygon Raises $450,000,000 Through Private Token Sales


Polygon recently released an official post about raising sound 450 million dollars in its latest private sales round. The network conducted the private sale of its native token, Matic, where names like SoftBank, Sequoia Capital India, Tiger, Galaxy, Republic Capital, etc. offered support....

Myanmar Military Government Proposes to Jail Digital Currency and VPN Users


Myanmar’s military-ruled government is proposing to enact laws that will see users of virtual private networks (VPN) and digital currencies being jailed for up to three years. In addition, offenders will be made to pay fines of up to $2,800. Draft Bill Open for Comments Myanmar’s...

Spellfire Oversubscribed Twice, a Staggering $3.8M Raised


Spellfire Re-Master the Magic, a modern take on classic collectible card games, has completed its private funding round, raising a staggering $3.8 million. Leading investors DAO Maker and Shima capital, are joined by Genblock, IBC group, Faculty group, IBA, Maven Capital, Autonomy Capital...

Swiss National Bank Trials CBDC in Transactions With Five Banks


The Swiss National Bank has successfully employed a wholesale CBDC to settle transactions with five commercial banks, the monetary authority announced. The tests are part of an experiment carried out together with the Bank for International Settlements and Switzerland’s financial services...

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