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India’s Digital Rupee Surpasses 5 Million Users, RBI Discloses


India’s central bank, the Reserve Bank of India (RBI), has revealed that as of June, there were five million digital rupee users and 420,000 merchants participating in the retail central bank digital currency (CBDC) pilot. The RBI emphasized that the digital rupee is designed to complement...

US Senator Discusses Trump’s Bitcoin Plan and National BTC Stockpile


U.S. Senator Bill Hagerty has discussed former President Donald Trump’s bitcoin plan, which includes creating a national bitcoin stockpile. The lawmaker expects to see several legislative proposals beyond what Trump announced. He believes this move will establish credibility for the currency...

Bitcoin Network Faces Toughest Mining Difficulty Increase Since 2022


The Bitcoin network has recently experienced its most significant difficulty adjustment since October 2022, with a 10.5% increase driving the metric to a record 90.67 trillion. This heightened challenge, combined with falling bitcoin prices, is intensifying the strain on miners. Miners Struggle...

GameStop Dunks On Digital Games And Gets Savaged By Xbox 360 Fans


Everyone has been mourning the death of the Xbox 360 after its marketplace officially shut down earlier this week, recalling some of their favorite memories with the console that introduced them to life-long friends and some of their favorite games. Leave it to GameStop to show up to the party with...

Bybit Launches Digital Rupee for Secure INR Payments


The crypto exchange Bybit has introduced a digital rupee (eRupee) as a new payment method for Indian rupee transactions. The launch aims to provide a secure alternative for INR users on its platform. Bybit Aims to Enhance INR Payments With Launch of Digital Rupee Bybit, a digital currency trading...

Nigerian CBDC Adoption Lags, Makes Up Less Than 1% of Currency in Use


Nigeria’s central bank digital currency, known as the eNaira, was the first of its kind in Africa. However, it currently represents only about 0.36% of the total currency in circulation. Nigerian experts attribute the slow adoption of the e-naira to its perceived lack of significant benefits...

Slovenia Launches First Digital Bond in EU Sovereign History


On July 25, 2024, Slovenia issued its first digital bond, marking a significant milestone as the first EU sovereign and one of the earliest worldwide to do so. The bond issuance occurred under the European Central Bank’s (ECB) wholesale central bank money settlement experimentation program....

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