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Report: Zimbabwe Proceeding With Digital Currency Plans, Central Bank Undeterred By Slow Adoption of Nigerian CBDC

3.11.2022
Undeterred by the reported slow adoption of the Nigerian central bank digital currency, the deputy governor of the Reserve Bank of Zimbabwe, Innocent Matshe recently said his institution will proceed with plans to launch its own digital currency. In addition to sending a team to learn from...

Natural Gas Price Hike Hits Crypto Miners in Iran

3.11.2022
Companies using natural gas as a power source to mint digital currency in Iran will have to deal with a sharp increase in the price of the fuel. The new rates set by the state-run supplier are almost double the previous and have been imposed retroactively, local media reported. Iran Raises Tariffs...

Crypto Exchanges Must Comply With Russia Sanctions, Singapore Central Bank Says

3.11.2022
The Monetary Authority of Singapore (MAS) has reiterated that cryptocurrency exchanges need to conform to restrictions on Russian users imposed over Moscow’s invasion of Ukraine. The reminder comes after researchers established that pro-Russia activists have raised millions of dollars in digital...

CZ on central bank digital currencies: 'The more we have, the better'

3.11.2022
Binance CEO Changpeng "CZ" Zhao says there is room for CBDCs and crypto, and that he didn't see it as a threat to his company or the sector

Arbitrum transaction activity rockets 550% since August: Delphi Digital

3.11.2022
Following the Nitro upgrade, activity on Arbitrum has surged and has nearly two-thirds of the transaction activity seen on the Ethereum base layer

Come one, come all! Meta to bring NFT minting and trading to Instagram

3.11.2022
An “end-to-end toolkit” for creators to make, show, and sell “digital collectibles” is coming to the social media platform Instagram

JP Morgan executes first DeFi trade on public blockchain

3.11.2022
The MAS Chief Fintech Officer said the successful test was “a big step towards enabling more efficient and integrated global financial networks.”

Democrats and Republicans Agree Cryptocurrency Is the Future of Finance, Survey Shows

2.11.2022
A new survey has revealed that Democrats and Republicans agree cryptocurrency is the future of finance. The national survey was conducted by The Harris Poll on behalf of Grayscale Investments, the world’s largest digital currency asset manager. In addition, 44% of the respondents said they...

Crypto Miner Marathon Digital Mines Record 615 Bitcoin in October

2.11.2022
Marathon increased its hashrate by 84% in October

CoinDesk Market Index Adds Convex, Serum, 12 Other Digital Assets

2.11.2022
The digital-asset index deleted Polymath and Tribe as constituents, in a series of changes that take effect Nov. 2 at 4 p.m. ET

Russia Plans to Allow Mining of Any Cryptocurrency, Lawmaker Unveils

2.11.2022
Newly proposed legislation aims to permit the minting of any cryptocurrency in Russia, a prominent lawmaker has revealed. While the draft law states that the circulation of the minted coins should take place outside Russian jurisdiction, an upcoming bill provides for their use under “experimental...

Bitcoin price bottom takes shape as 'old coins' hit a record 78% of supply

2.11.2022
Bitcoin's long-term holders' NUPL metric has dropped to levels that coincided with market bottoms thrice since November 2011

TradFi Firm Marex Makes Crypto Hires to Lead Digital Assets Push

2.11.2022
London-based financial services platform Marex has made two crypto hires to lead its efforts offering digital assets to institutional investors

Billionaire Mike Novogratz May Cut 20% of Workforce at Galaxy Digital – Signs of Bear Market?

2.11.2022
Michael Novogratz, the founder of the US-based crypto financial services firm Galaxy Digital Holdings, could let go of up to 20% of the workforce amid the market downturn. Crypto exchange BitMEX has also reduced its staff. According to a report by Bloomberg, there is no official plan for...

Another Digital Yuan Giveaway Will See $2.75m Distributed in China’s Fuzhou

2.11.2022
China’s digital yuan pilot continues to gather pace: The nation’s central bank is teaming up with an e-commerce heavyweight in an effort to boost adoption. The parties will be giving away another $2.75m worth of coins (in e-voucher form) in the city of Fuzhou, in China’s Fujian Province.... Read...

Digital Currency Group Promotes Mark Murphy to President, Cuts Nearly 13% Staff: Report

2.11.2022
Crypto venture capital company Digital Currency Group (DCG) promoted chief operating officer (COO) Mark Murphy to president, amid a restructure which also saw the departure of over 10% of its staff

Chinese Central Bank Governor: User Privacy and Financial Security Key Principles Guiding CBDC Design Process

2.11.2022
According to Yi Gang, governor of China’s central bank, the process of designing the country’s digital currency is premised on two principles, the protection of user privacy as well as ensuring “financial security.” To achieve this, the central bank’s role will...