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PBoC governor says digital yuan to be more privacy-enhanced than payment apps
9.11.2021
Making the e-CNY more privacy-orientated aside, the PBoC already has ambitions to bring the CBDC onto the world stage
UK Treasury and central bank will consult on CBDC, potentially launching by 2030
9.11.2021
"The earliest date for launch of a U.K. CBDC would be in the second half of the decade,” said the Bank of England, adding no final decision has yet been made
These publicly traded firms are pulling institutions into crypto
9.11.2021
With increasing institutional capital flow into the crypto markets, publicly listed digital asset companies offer the best crypto gateway to institutional investors
New York City Is All Set to Get Its Own Digital Coin
9.11.2021
Eric Adams, Mayor-elect of New York City is well-known for his affinity towards cryptocurrencies. His positive stance towards the digital coin has now enthused CityCoins, a community planning Crypto project, to come up with a separate dedicated token for the city. Adams has already vowed to make...
Mastercard Launches Bitcoin Cards for Easy Digital Payments
9.11.2021
In an important development, Mastercard has come together with some of the prominent service providers of cryptocurrency such as CoinJar, Bitkub, and Amber Group. This collaboration will manifest in the form of payment cards that are linked to Bitcoin and can be used for making payments in...
Russia to change laws for digital ruble while central bank mulls 2022 prototype
9.11.2021
Russian lawmakers will reportedly begin working on the legal adjustments needed to implement the digital ruble plan scheduled for early 2022
Latest West Africa Art Fair Features NFTs, Organizers Highlight Importance of Blockchain
9.11.2021
The organizers of Art X Lagos, a West Africa art exhibition, recently kickstarted a non-fungible token (NFT) art fair that features the works of African artists drawn from more than six countries. Blockchain Provides Important Opportunity for Artists In a statement made on Art X Lagos’...
Makaveli Album 25th Anniversary Digital Collection Available Now
9.11.2021
PRESS RELEASE. Hollywood, CA – Riskie Forever, renowned creator of the iconic album cover art of “The Don Killuminati: The 7 Day Theory”, steps onto the digital collectibles stage in partnership with Zelus for a truly unique NFT collection. Beginning on November 5th, the 25th...
Fashion and Beauty Firm Vogue Singapore to Drop NFT Covers via Opensea
9.11.2021
On November 10, 2021, Vogue Singapore, a team dedicated to fashion, beauty, and “stories that matter,” is launching a non-fungible token (NFT) drop on the marketplace Opensea. The drop will be the fashion and lifestyle magazine’s first NFT collection featuring digital-only...
The Crypto Economy Soars Past $3 Trillion — Momentum of Value Grew Much Faster Than Apple’s Market Valuation
8.11.2021
On November 8, 2021, the cryptocurrency economy’s market capitalization reached the $3 trillion mark after gathering significant value over the course of 12 years. The overall value of the 10,464 crypto-assets in existence is now larger than Microsoft’s market valuation at $2.52...
Athletic Shoe Giant Nike Looks Poised to Tackle Metaverse and NFTs: Report
8.11.2021
Nike, the American multinational footwear and sports apparel giant, is getting ready to step into the metaverse and the world of non-fungible token (NFT) technology. Reports show Nike has a few employees “thinking about the metaverse” and a 2019 patent for “cryptokicks”...
Russia to Change 13 Laws and Codes for Digital Ruble
8.11.2021
Authorities in Russia are gearing up to amend various pieces of legislation to facilitate the issuing and function of the digital ruble. Officials in Moscow believe this version of the national fiat needs to be regulated separately from other digital forms of money such as cryptocurrencies. Russia...
Ethereum back in price discovery as ETH approaches $5K
8.11.2021
The world's second-largest cryptocurrency crossed the $4,700-mark days after JPMorgan Chase analysts recommended it over Bitcoin against rising rates
Kazakhstan Senate Adopts Legislation Subjecting Crypto Platforms to Financial Monitoring
8.11.2021
The Senate in Kazakhstan has approved amendments aimed at preventing the legalization of illicit funds which will affect companies dealing with digital assets, among others. The new legislation subjects crypto service providers to the country’s financial monitoring regime. Senators Back...
LBank: DafriBank Aims for Making DBA Africa’s Number 1 Cryptocurrency
8.11.2021
PRESS RELEASE. Since blockchain technology and crypto have become the power of the next industrial revolution in recent years, Africa has been making concerted efforts to ensure inclusion in the conversation. As a multipurpose African bank with over 200,000 customers around the world, DafriBank...
Congress Passes $1.2 Trillion Infrastructure Bill — Crypto Advocates Criticize Amended Broker Definition, Tax Code 6050I
7.11.2021
Congress has passed the Biden administration’s bill aimed at improving infrastructure, fighting climate change, and bolstering social services. The $1.2 trillion infrastructure bill, which also expands the definition of a broker, awaits U.S. president Joe Biden’s signature after...
Digital Euro Should Be Attractive But Not ‘Too Successful,’ ECB’s Panetta Says
7.11.2021
The digital euro should be an attractive means of payment but its design should prevent it from becoming so successful as a store of value that it threatens banks and private money, according to Fabio Panetta, a high-ranking executive at the European Central Bank. Panetta stressed that both this...
China’s Digital Currency Used in Transactions Worth $10 Billion, 140 Million People Have Digital Yuan Wallets
7.11.2021
China’s central bank digital currency (CBDC), the digital yuan, has been used in transactions worth nearly $10 billion, according to an official with the Chinese central bank, the People’s Bank of China (PBOC). In addition, the government digital wallet has been downloaded by about...
Digital Asset Manager Bakkt Reveals Plans to Provide Ethereum Services
6.11.2021
On November 5, Bakkt Holdings announced that the firm will soon let customers buy, sell, and store ethereum after offering bitcoin only since the company’s launch. The firm notes that adding ethereum comes at a time when digital currency interest and adoption continue to see significant...
Nigerian Experts Insist Africa’s First CBDC Is Presently Not for the Unbanked
6.11.2021
While the Central Bank of Nigeria (CBN) continues to tout the e-naira’s credentials as a tool for fostering financial inclusion, some experts agree that this central bank digital currency (CBDC) is presently not doing this. The CBDC’s Chaotic Start This assertion as well as...