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Zimbabwe central bank close to introducing gold-backed digital tokens into retail

14.8.2023
Physical and digital gold tokens have been a big success as investments and an inflation hedge in Zimbabwe, which continues to face triple-digit inflation

Amid Gold’s Recent Slide, Experts Predict a Shining Future with Potential Highs Beyond $2,500 by 2024

13.8.2023
In recent times, gold and silver have faced a downtrend, with gold losing over 2% of its value in the past month and silver tumbling more than 5% against the U.S. dollar. Even amid gold’s rather uninspiring performance this last month, David Neuhauser, the founder of the investment company...

Bitcoin centralized by corporate giants should not be feared – Michael Saylor

13.8.2023
During a recent podcast interview, Saylor explained that Bitcoin being bought and centralized by corporations should not be feared, and outlined three main reasons driving the need for custodians

Zimbabwe Central Bank Says Gold-Backed Tokens Set to Be Used for ‘Transactional Purposes’

13.8.2023
The Zimbabwean central bank recently said it is close to rolling out gold-backed digital tokens “for transactional purposes.” According to the bank’s governor, the gold-backed digital tokens have already proven to be an effective monetary policy instrument. Central bank governor...

Russia to Test Digital Ruble in 11 Cities, Moscow Subway

12.8.2023
Russia’s capital Moscow and 10 other cities will host pilot tests for the digital ruble, Bank of Russia Deputy Governor Olga Skorobogatova announced. Over a dozen Russian banks are going to take part in the trials with real transactions and users scheduled to commence in mid-August. Russia Prepares...

Hráli jsme Payday 3. Vykrádání bank v kooperaci se snaží vrátit ve velkém stylu

12.8.2023
Oznámení Payday 3 nadchlo rozhodně mnoho hráčů. Předchozí díl série stále hraje na Steamu v průměru třicet tisíc hráčů měsíčně. Z toho mála, co beta nabídla si odnáším pouze pozitivní zážitky a hodně zábavy

Custodia Bank Goes Live: Bridging Digital Assets With US Dollar Payments

12.8.2023
Custodia Bank, the financial institution that aims to bridge digital assets with the U.S. dollar payment system, is now live. Last month, Custodia started serving external business customers in select U.S. states, offering U.S. dollar deposits and government money market fund services, with bitcoin...

Nigerian Currency Plunges to New Low, Central Bank Says the Naira Is Undervalued

11.8.2023
The Nigerian currency continued its slide versus the greenback when it fell to a new all-time low of NGN950 per dollar. Folashodun Shonubi, the acting governor of the Central Bank of Nigeria, insists that the naira is currently undervalued. The International Monetary Fund (IMF) has said...

Bank of America Says PayPal’s Stablecoin Will Not Record Significant Adoption In The Coming Months

11.8.2023
A new report by the Bank of America suggests that PayPal’s new stablecoin, PYUSD will not record the projected adoption in the near term citing tougher competition and indifference of investors. Per the report, the launch of the new stablecoin by the financial giant is great for the digital asset...

Today in Crypto: Argentine Opens Investigation Into Worldcoin, Canada is Seeking Solution to Facilitate Seizure and Storage of Crypto and NFTs, Canadians Don't Have a Reason to Adopt a CBDC

11.8.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: Argentine Opens Investigation Into Worldcoin, Canada is Seeking Solution to Facilitate Seizure and Storage...

Latest Bank of Canada Report Highlights Lack of Incentives For Canadians to Adopt CBDC

11.8.2023
Bank of Canada, the country’s de-facto central bank, came up with a recent report that sheds light on the reluctance of the country’s citizens to readily adopt a central bank digital currency (CBDC). Published Thursday, the report dubbed – ‘Unmet Payment Needs and a CBDC’ – highlights the lack...

PayPal’s Stablecoin Unlikely to See Significant Adoption in the Near Term: Bank of America

11.8.2023
Investors are likely indifferent to which stablecoins they hold as long as they are perceived as safe and accessible on the largest trading platforms, the report said

Bank of Russia Reports 13 Banks Will Participate in Digital Ruble Pilot

11.8.2023
The Bank of Russia has announced that all 13 banks intending to participate in the digital ruble pilot have already completed their preparations to join the upcoming test. Olga Skorobogatova, first deputy governor of the Bank of Russia, stated that customers of these banks will be able to apply...

CBDC Is Grave Threat to Liberty, Presidential Hopeful Vivek Ramaswamy Warns

11.8.2023
The U.S. dollar will be stronger if it’s not a central bank digital currency (CBDC), according to candidate for Republican presidential nomination Vivek Ramaswamy. He is convinced that a digitized greenback and other digital fiats represent a threat to democracy in the United States. CBDC Is...

Canadians have ‘weak incentives’ to use a CBDC: Bank of Canada

11.8.2023
A central bank discussion paper found that the majority of Canadians have little trouble accessing financial services, which gives them little reason to use a CBDC

Today in Crypto: India's Central Bank Proposes AI-powered Conversational Payments System, India Wants to Utilize Crypto to Digitally Sign Documents, UK Recruiting For CBDC Academic Advisory Group

10.8.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: India's Central Bank Proposes AI-powered Conversational Payments System, India Wants to Utilize Crypto...

Bank of England Forms Digital Pound Advisory Group to Shape CBDC Design

10.8.2023
Announced on the Bank's Website on Wednesday, the Bank of England (BoE) has established a digital pound advisory group named the CBDC Academic Advisory Group (AAG) and is actively seeking specialists to join this group as the nation enters the CBDC design phase. ... Read More: Bank of England Forms...