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IMF: CBDCs Can Boost Financial Inclusion and Payment Efficiency in Middle East
20.6.2024
The International Monetary Fund (IMF) says 19 countries in the Middle East and Central Asia, including Bahrain, Georgia, Saudi Arabia, and the UAE, are in the advanced “proof-of concept” stage for central bank digital currencies (CBDCs). “We support policymakers evaluating...
Why You Should Diversify Your Digital Asset Portfolio
19.6.2024
Institutions need to broaden their holdings of crypto holdings in order to capture the full range of innovation in the market, says Felix Stratmann, head of research at Outerlands Capital
Apple Could Be Fined A Billion Dollars A Day
19.6.2024
Back in March, the European Union brought in new rules that were designed to stop companies like Apple and Google from blocking third-party companies running their own in-app item stores. This was supposed to carve a path for games like Fortnite to be able to return to mobile, now they could...
Bitwise Investments Updates Ethereum ETF Filing, Reveals $2.5M Seed Interest
19.6.2024
Bitwise Investments, a prominent cryptocurrency asset management firm that offers diverse investment products and services focused on digital assets, has updated its ether-based exchange-traded fund (ETF) S-1 filing with the U.S. Securities and Exchange Commission (SEC), revealing $2.5 million...
Marathon's Layer-2 Chain, Anduro, Plugs In 'Portal to Bitcoin' for Atomic Swaps
19.6.2024
The publicly-traded bitcoin miner Marathon began incubating Anduro in February as a "platform built on the Bitcoin network that allows for the creation of multiple sidechains."
NFT Market Slump: Cryptopunks and Bored Ape Values Plummet Over 90 Days
19.6.2024
Based on statistics from the past three months, the non-fungible token (NFT) collections Cryptopunks and Bored Ape Yacht Club (BAYC) have seen a notable decrease in value. On March 17, 2024, the floor value of Cryptopunks was approximately 49 ether, but 90 days later, it dropped to 25.45 ether....
Iran to launch public CBDC pilot in June
19.6.2024
Unlike other types of electronic money in Iran, the digital rial doesn’t require interbank settlement to transfer funds between the buyer and the seller
Nomura crypto arm Laser Digital bags Abu Dhabi license
19.6.2024
The firm chose to expand into Abu Dhabi due to the innovation-friendly crypto regulations
Ripple Working With 10 Governments Globally, CEO Reveals in Rediscovered Interview
19.6.2024
In a resurfaced video clip, Ripple CEO Brad Garlinghouse stated that his crypto firm is collaborating with around 10 governments globally on central bank digital currencies (CBDCs). “A central bank digital currency is a stablecoin. It’s just issued by the government,”...
Tether launches Alloy: A Gold-backed revolution for digital assets
18.6.2024
Tether has introduced Alloy. It is an open platform for creating digital assets. Tether Gold will back these assets, which may alternatively be known as tethered assets. Alloy is being brought to the market to reimagine digital economy stability. Recognized as an innovative approach, Alloy will...
Zimbabwean Regulators Develop Framework for Virtual Assets Trading
18.6.2024
The Securities and Exchange Commission of Zimbabwe (SECZ) and the Reserve Bank of Zimbabwe (RBZ) are reportedly developing a framework for virtual asset trading. The framework aims to provide clear legislation, client protection under the Data Protection Act, and educational support. Challenges...
Tanzania Targets Crypto Traders With Proposed Income Tax Act Amendment
18.6.2024
Tanzania plans to amend its Income Tax Act to tax crypto trades. The proposal includes a three per cent withholding tax on income from digital asset transactions. Digital platform owners or facilitators of digital asset transfers will act as withholding agents. Foreign citizens operating such...
SEC’s Crypto Enforcement Chief Departs After 9 Years
18.6.2024
The head of the Crypto Asset and Cyber Unit at the U.S. Securities and Exchange Commission (SEC)’s Division of Enforcement has left the agency after nine years of service. Under his guidance, the SEC took many enforcement actions against crypto firms, including major crypto trading exchanges...
Ethiopia takes first step toward CBDC in economic reform
17.6.2024
The country plans to have a legal framework and regulatory sandbox in place for CBDC introduction “as necessary.”
Digital asset funds see biggest weekly outflow since March
17.6.2024
According to data from a CoinShares report, weekly total outflows for digital asset funds hit $600 million on June 14
Tether launches gold-backed, US dollar stablecoin Alloy
17.6.2024
The new synthetic dollar is the first step in the rollout of a real-world asset tokenization platform, said Tether
Digital Asset Funds Witness Major Shake-up Amid Fed’s Hawkish Stance: Coinshares
17.6.2024
Digital asset investment products have seen substantial outflows totaling $600 million, marking the most significant withdrawal since March 22, 2024. According to Coinshares and lead researcher James Butterfill, this exodus is attributed to a hawkish Federal Open Market Committee (FOMC) stance...
Report Says Biden Administration, Mark Cuban, and Ro Khanna Set for Critical Crypto Roundtable
16.6.2024
Members of the Biden administration are reportedly convening for a bitcoin and blockchain roundtable with American entrepreneur and “Shark Tank” star Mark Cuban. This news comes after presidential candidate Donald Trump vowed to “end Joe Biden’s War on Crypto.”...
Turkish Bank Garanti BBVA Embraces Digital Assets With New Crypto Wallet and Trading Platform
16.6.2024
In a significant move towards embracing digital assets, Turkish bank Garanti BBVA has launched a crypto wallet and trading platform, “Garanti BBVA Crypto”. This platform allows customers to trade and store BTC, ETH, and USD Coin (USDC) seamlessly via the bank’s mobile app....
CBDC Interest Climbs Steadily Over Five Years, Google Trends Data Shows
15.6.2024
Google Trends data reveals a consistent increase in search interest for “CBDC,” which stands for central bank digital currency, over the past five years. The term has maintained a score above 20 since August 2022, on a scale of 1 to 100, where 100 signifies peak interest. CBDCs...