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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...
Former US OCC Officials: ‘Stablecoins Can Keep the Dollar the World’s Reserve Currency’
12.8.2023
Brian Brooks and Charles Calomiris, former officials at the U.S. Office of the Comptroller of the Currency (OCC), have stated stablecoins can be tools that might help the U.S. dollar maintain its status as a reserve currency. In a recent article, Brooks and Calomiris call for regulations to allow...
Shiba Inu Open Interest Tops $100M, Raises Red Flag For Bitcoin
12.8.2023
Microstrategy’s Stock Soars 206% After Adopting Bitcoin Strategy
12.8.2023
Microstrategy’s stock (Nasdaq: MSTR) has risen 206% after the company adopted bitcoin as its primary treasury reserve asset. The business intelligence firm now holds 152,800 bitcoins, acquired for a total cost of $4.53 billion, and it has plans to buy even more. Microstrategy’s Stock...
U.S. Senator Lummis, Crypto Lobbyists Urge Court to Dismiss SEC's Coinbase Lawsuit
12.8.2023
U.S. Senator Cynthia Lummis (R-Wy.), a number of crypto lobbying organizations and a group of professors called on a federal court to dismiss a Securities and Exchange Commission (SEC) lawsuit against crypto exchange Coinbase Friday
Crypto Exchange Bittrex Settles With SEC — Agrees to Pay $24 Million
12.8.2023
Cryptocurrency exchange Bittrex has agreed to settle charges with the U.S. Securities and Exchange Commission (SEC). Bittrex and Bittrex Global agreed to pay $24 million. The SEC’s director of enforcement alleged that for years, Bittrex worked with token issuers to “scrub”...
BRICS Expansion to Make West Recognize New World Order, De-Dollarization: UAE Professor
12.8.2023
The accession of new members will allow BRICS to push the West to accept changes in international relations, an expert from UAE has been quoted as stating. That’s valid in particular for cross-border trade and de-dollarization, said Mohamed El Yattioui, professor at the American University in...
Custodia Bank Goes Live: Bridging Digital Assets With US Dollar Payments
12.8.2023
Custodia Bank, the financial institution that aims to bridge digital assets with the U.S. dollar payment system, is now live. Last month, Custodia started serving external business customers in select U.S. states, offering U.S. dollar deposits and government money market fund services, with bitcoin...
Best Crypto to Buy Now 11 August – Fantom, Rocket Pool, Sui
11.8.2023
The U.S. Securities and Exchange Commission (SEC) has opted to postpone its decision on Ark Invest's proposal for a Bitcoin ETF, continuing a longstanding challenge for cryptocurrency assets seeking inclusion on mainstream U.S. financial platforms.
The SEC announced on Friday its move to solicit...
Nigerian Currency Plunges to New Low, Central Bank Says the Naira Is Undervalued
11.8.2023
The Nigerian currency continued its slide versus the greenback when it fell to a new all-time low of NGN950 per dollar. Folashodun Shonubi, the acting governor of the Central Bank of Nigeria, insists that the naira is currently undervalued. The International Monetary Fund (IMF) has said...
FTX Boss Sam Bankman-Fried in Custody, Bail Revoked, Remanded to Jail
11.8.2023
FTX co-founder Sam Bankman-Fried was taken into custody and his bail was rescinded on Friday, in anticipation of his trial scheduled for October. Matthew Russell Lee of the Inner City Press disclosed a synopsis of the August 11 hearing on the social media outlet X, where Bankman-Fried’s legal...
Spot Bitcoin ETF Applications Face More Delays
11.8.2023
The U.S. Securities and Exchange Commission (SEC) on Friday asked for additional public feedback on a proposal to list a spot bitcoin exchange-traded fund (ETF), likely delaying any decision on the high-profile applications. SEC Seeks Public Opinion on Spot Bitcoin ETF The SEC put out a 34-page...
Is Friend.tech a Friend or Foe? A Dive Into the New Social App Driving Millions in Trading Volume
11.8.2023
The new social app has driven over 4,400 ETH ($8.1 million) in trading volume in less than 24 hours since its launch, far surpassing OpenSea’s in the same time frame. But with its mysterious origins, lack of privacy policy and lagging network, it raises some red flags
Sam Bankman-Fried Jailed Ahead of Trial
11.8.2023
FTX founder Sam Bankman-Fried has been remanded into custody ahead of his October trial on multiple financial crime charges after a federal judge revoked his release on bond
'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
Base’s Rapid Ascent: 136,000 Daily Users and $175 Million TVL in Ethereum’s L2 Defi Space
11.8.2023
Base, the Ethereum layer two (L2) scaling solution supported by Coinbase, has experienced over $175 million funneled into its decentralized finance (defi) protocol since its creation. The majority of value locked comprises 75,244 ether and nearly $26 million worth of the USDC stablecoin....
Bitcoin futures open interest at 2023 high while BTC trading volume at yearly low — What gives?
11.8.2023
BTC futures open interest is on the rise, but Bitcoin trading volume suggests that traders have shifted their attention to other markets
Bitcoin futures open interest at 2023 high while BTC trading volume at yearly low — What gives?
11.8.2023
BTC futures open interest is on the rise, but Bitcoin trading volume suggests that traders have shifted their attention to other markets
Visa Eyes Mass Adoption of Crypto by Testing On-Chain Gas Fee Payment Through Fiat
11.8.2023
Visa says managing ether (ETH) balance to cover gas fees is “burdensome” and too complex, according to a blog post
Sam Bankman-Fried Could Go Back to Jail Thanks to His Big Fat Mouth
11.8.2023
The fallen FTX founder didn’t just violate his bail — he violated the trust of his family’s last remaining allies