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Meta Loses its Crypto Chief as Head of Novi Wallet David Marcus Steps Aside


Meta, the company formerly known as Facebook, has suffered another blow to its crypto plans after its head of blockchain and the co-creator of the Diem stablecoin project stepped down. On Twitter, David Marcus wrote that the decision to leave had been “difficult,” but that “my entrepreneurial...

Digital Ruble Should Not Boost Inflation, Bank of Russia Says


Bank of Russia is preparing for a prolonged trial of the digital version of the national fiat to ensure this is a “full-fledged ruble,” the head of the monetary authority has emphasized. The regulator has put forward some conditions for the implementation of the new currency project....

Goldman Sachs: Gold Is Becoming Poor Man’s Crypto


Goldman Sachs’ head of energy research says, “Just like we argue that silver is the poor man’s gold, gold is maybe becoming the poor man’s crypto.” He sees funds starting to flow from gold into bitcoin as inflation fears escalate, noting that “We’ve...

Tinder, Bumble Fall Head over Heels for Crypto, Metaverse


Sharp-elbowed tech companies are keen to take up every corner on the metaverse bandwagon. Two of the biggest names in the dating app space have decided that the metaverse could well be a perfect match for their business models.... Read More: Tinder, Bumble Fall Head over Heels for Crypto, Metaverse

Digital Ruble to Give Russians What They Need, Bank of Russia Governor Says


The digital ruble is what Russian citizens need as it will facilitate inexpensive and reliable payments, the head of Bank of Russia, Elvira Nabiullina, told participants in an international banking forum. The governor also warned that cryptocurrencies and fiat-backed stablecoins create risks...

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