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Chinese Bank Launches CBDC Bulk Commodity Clearing Service – Digital Yuan Adoption Accelerates?
26.7.2023
Banks in China are looking to adopt the digital yuan in more of their operations, and have launched the nation’s first central bank digital currency (CBDC)-powered settlement service for bulk commodity spot clearing.
Per JRJ, Industrial Bank, a Fuzhou-based joint-stock commercial bank,...
Putin Signs Digital Ruble Law Allowing CBDC Payments in Russia
26.7.2023
President Vladimir Putin has signed into law a bill on the introduction of the digital ruble in the Russian Federation. The new legislation, which legalizes and regulates the use of Bank of Russia’s digital currency for payments and other transactions, will enter into force on Aug. 1. President...
Ripple vs. SEC — Respite for a Beleaguered Industry
25.7.2023
On July 13, 2023, the U.S. District Court for the Southern District of New York (SDNY) finally issued an order in the infamous case brought by the Securities and Exchange Commission (SEC) against the payment settlement system and currency exchange, Ripple Labs, Inc. (Ripple). District Judge Analisa...
From Vintage to MNTGE: Digital Fashion Brand to Release NFT Patches Linked to IRL Rewards
25.7.2023
The patches were designed by 11 artists, including Jen Stark, Nyan Cat creator Christopher Torres and Bored Ape Yacht Club artist Seneca, and are embedded with NFC chips
Examining Worldcoin’s Concentrated Supply at Token Launch
25.7.2023
Following the Monday, July 24, launch of the worldcoin (WLD) token, the cryptocurrency quickly peaked at $3.30 per coin but has since depreciated by over 35%. Despite 18 months of beta testing and claims of more than 2 million sign-ups, the token has a scant 164,195 holders with its circulating...
Solana-Based NFT Marketplace Exchange.art to Expand into Ethereum
25.7.2023
Larisa Barbu, COO of Exchange.art, told CoinDesk that the marketplace had planned to expand beyond the Solana ecosystem since its launch in 2021
Stan Lee Digital Collectibles Fly Off the Shelves, Gain 240%-5,000% in Value
25.7.2023
Media company Kartoon Studios (formerly, Genius Brands) announced a "complete and near-instantaneous" sale of over 8,000 Stan Lee digital collectibles for $120,000 in revenue.
On July 24, the company said that it, through its partnership with the VeVe marketplace, saw these collectibles flying...
Putin Signs Digital Ruble Law, Greenlighting Russia's Central Bank Digital Currency
25.7.2023
Russian President Vladimir Putin has officially signed a bill that will introduce a digital version of the country's national currency.
The move gives legal authority to the Bank of Russia, the country's central bank, to act as the platform operator for the digital ruble, according to an official...
US crypto's future could fall on these 4 digital asset bills
25.7.2023
The crypto bills could hand power to the purportedly more crypto-friendly CFTC and better define the SEC’s jurisdiction
Crypto investors cool on Bitcoin funds, turning to Ether and XRP
25.7.2023
Bitcoin-related funds saw outflows of $13 million over the past week, reversing five weeks of bullish inflows, according to Coinshares analyst James Butterfill
Crypto’s Newest Sector: Telegram Bot Coin Economy Swells to $138 Million
25.7.2023
A new player has emerged in the constantly evolving cryptocurrency market: Telegram bot coins. These crypto assets, used within Telegram’s ecosystem, are leveraged to facilitate automated trades for users on decentralized exchange (dex) platforms. These distinctive crypto assets have turned...
AI Crypto Economy Suffers $1.42B Loss Since February Peak; Top Tokens Record Weekly Declines
24.7.2023
In February 2023, the AI-driven cryptocurrency sector reached a staggering $4 billion in value. Yet, it has since experienced a downturn of $1.42 billion. Over the last week, eight of the top 10 AI-based crypto tokens saw declines against the U.S. dollar. Downturn Hits AI Crypto Market Once...
Two more crypto bills in the US: Law Decoded, July 17–24
24.7.2023
Last week was marked by two new legislative initiatives for the crypto industry in the United States
Sam Altman's Eyeball-Scanning Crypto Project Worldcoin Launches Global Digital Identity Platform
24.7.2023
On Monday, June 24, Worldcoin, a cryptocurrency and digital ID project led by OpenAI chief Sam Altman, launched to create a "privacy-preserving" global identity system after years of development.
The goal is to build a reliable solution for distinguishing humans from AI online, facilitating...
Putin Signs Digital Ruble Law Making a CBDC Possible in Russia
24.7.2023
The new law describes a legal framework for a central bank digital token
Putin signs law on introduction of digital ruble in Russia
24.7.2023
Russian citizens will not be forced to use the digital ruble, and use of the CBDC will be a voluntary choice for people to make, Bank of Russia governor said last week
GLI Token to Be Listed on CoinW and Bitforex – Celebrating Hagia Sophia’s Legacy Through Cryptocurrency
24.7.2023
PRESS RELEASE. Turkey, Istanbul – Hagia Sophia, the renowned architectural marvel that has captivated civilizations throughout history, finds a new tribute in the world of digital assets – the GLI Token. This unique cryptocurrency serves as a celebration of Hagia Sophia’s spirit...
USM and MetaWear to bring digital fashion to the Metaverse
24.7.2023
USM and MetaWear have entered into a partnership. The news was first shared by USM, adding that MetaWear will help USM to display and sell its digital clothing to users. MetaWear has a background of being not just a manufacturer but also a fashion mall where customers and designers can come...
Bitcoin Traders Cautious Despite Spot ETF Optimism, Leverage Indicators Suggest
24.7.2023
The spot market is in the driver's seat as perpetual futures open interest to market cap ratio remains low, one observer said
Ordinal Inscriptions Approach 19 Million Amid Stagnant Fees, Bitcoin NFT Sales Drop
23.7.2023
The number of Bitcoin Ordinal inscriptions on the blockchain is nearing 19 million, a trend that has continued for the past 218 days since December 16, 2022. Statistics indicate that miners have accrued roughly 1,847.66 BTC in fees, worth about $55.29 million, confirming the millions of Ordinal...