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Report: Market Valuation of 14 Banking Giants Shed $635 Billion This Year
16.9.2020
The world’s largest banks lost a considerable amount of market valuation amid the Covid-19 pandemic, according to a new report that estimates financial incumbents lost $635 billion. Between December 2019 and August 2020, the market caps of 14 major banking institutions lost upwards of 30-50%...
Forex Strapped Nigeria Designates Crypto Assets as Securities
15.9.2020
The Securities and Exchange Commission (SEC) of Nigeria has designated crypto assets as securities as the authorities step up efforts to regulate Africa’s largest cryptocurrency market. The SEC says the classification of crypto assets for regulation is consistent with the country’s...
Galaxy Digital Leads $1.2M Raise for Startup Creating Automated Ethereum Services
15.9.2020
Gelato said the seed round will fund further development of its bot network that will provide automated smart contract execution
US Consumers Flock To the First Mastercard Branded BitPay Card
15.9.2020
New data from BitPay shows that American consumers are flocking to load the first Mastercard branded BitPay card with top digital assets. The popular cryptocurrency payment services provider debuted the new card in June 2020 and the company’s transactions reached a new high in July. The data...
Will a Digital Yuan Sound the Death Knell for China’s ATMs?
15.9.2020
The rollout of China’s digital yuan could spend the end for the nation’s ATMs, per a new report – with digital finance marginalizing hole-in-the wall-based technology.
Per media outlet Huo Long Guo Cai Jing, the ATM industry was at its peak in 2015, when some 252,000 machines were installed...
Macroeconomic Trends Boost Bitcoin and Gold, US Dollar Index Shows Bearish Double-Top
15.9.2020
According to a number of reports and commentary from financial analysts, the world is “drowning in U.S. dollars” after the Federal Reserve decided to pump billions of dollars into the hands of 14 central banks via liquidity swaps. Moreover, recent technical analysis shows...
Nigeria regulators recognize digital assets in stunning new statement
15.9.2020
‘Virtual crypto assets are securities, unless proven otherwise,’ the Nigerian SEC said
New Index From DeFi Pulse and Set Protocol Offers Easy Access to 10 DeFi Tokens in 1
14.9.2020
Data company DeFi Pulse and investment-minded Set Protocol have created a permissionless index of the very best DeFi tokens, called the DeFiPulse Index
No one can refuse China’s digital currency, says central bank exec
14.9.2020
The digital renminbi is legally compensatory to China’s fiat currency
The Moss Piglet Dilemma: Paypal Bans Payments to Merchants Using the Word ‘Tardigrade’
14.9.2020
The popular payment provider Paypal has been known for cutting off a number of merchants and organizations over the years. This week, the public found out that Paypal has been censoring merchants that sell items related to the name “tardigrade” just because a Balkan arms dealer uses...
The Blockchain Service Network will stimulate China’s CBDC plans
13.9.2020
The wait for CBDCs continue
Digital Assets Data CEO says mainstream finance still doesn't trust Bitcoin
11.9.2020
Bitcoin still has ground to make up in the mainstream world
French Central Bank Chief Eyes Public-Private Partnership for Possible Digital Euro
11.9.2020
The governor of the Banque de France said private sector involvement could benefit a future digital euro initiative
IRS to Pay $625K to Crack Monero, Crypto Proponents Scoff at Contract
11.9.2020
The U.S. Internal Revenue Service (IRS) wants to pay a contractor $625,000 if they can crack layer-two privacy schemes and the privacy-centric crypto asset monero (XMR). The tax agency says that the entity has “limited investigative resources” for tracing these types of cryptocurrency...
ECB President On Payments In A Digital World
11.9.2020
Speech by Christine Lagarde, President of the European Central Bank (ECB), at the Deutsche Bundesbank online conference on banking and payments in the digital world. Frankfurt am Main, 10 September 2020.
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Key points:
Consumer preferences are changing and the pandemic has accelerated...
European Crypto Exchange Hacked for $5.4 Million in Bitcoin
11.9.2020
Eterbase, a Slovak cryptocurrency exchange, revealed Thursday that it had been hacked for $5.4 million. Cyber-criminals broke into six hot wallets containing bitcoin, ethereum, algo, ripple, tezos, and tron, stealing everything, it said. Hot wallets are active digital asset accounts connected...
ECB President: Europe Has Fallen Behind in the Digital Payments Game
11.9.2020
European Central Bank President Christine Lagarde said a digital euro can place the region at the cutting edge of innovation but it may have fallen behind in the global competition for creating digital payment ecosystems
Former Central Bank Official: Japan Should Take a Digital Yen Seriously
11.9.2020
In an interview with CoinDesk Japan, a former Bank of Japan official said the country has many reasons to seriously consider a digital yen
Pandemic has accelerated adoption of digital currency: ECB President
11.9.2020
EU residents are becoming more comfortable with digital and contactless payments
Mastercard Launches Digital Currency Testing Platform for Central Banks
10.9.2020
Mastercard has launched a digital currency testing platform aimed at helping central banks test their digital currencies. The system will also demonstrate how consumers can use central bank digital currencies to pay for goods and services wherever Mastercard is accepted worldwide....