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Binance Resumes Local Currency Deposits with Brazilian Payment System Pix
6.7.2022
Withdrawals should be resumed “shortly,” said the company, which had suspended that feature on June 17
Euro Drops to 20-Year Low Against the US Dollar, Tapping $1.028 per Unit — Analyst Says Parity Is Imminent
5.7.2022
The euro has had a sluggish start to the second half of 2022 as the fiat currency slid to a 20-year low against the U.S. dollar. The drop adds to the fear that the global economy is in a recession and analysts believe that the risk of “parity is just a matter of time now.” […]
OP Crypto launches $100M fund to back early-stage crypto VCs
30.6.2022
Targeting a hard cap of $100 million, the OP FoF I fund is expected to close by the end of Q3, OP Crypto’s COO Lucas He said
Grayscale Files Lawsuit Against SEC Over Spot Bitcoin ETF Rejection
30.6.2022
Grayscale Investments, the world’s largest digital currency asset manager, has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) challenging the securities regulator’s decision to reject its application to convert the Grayscale Bitcoin Trust to a spot bitcoin...
Report: Taiwan’s Central Bank May Need 2 Years to Complete Work on CBDC
30.6.2022
Taiwan’s central bank is yet to conclude work on its central bank digital currency (CBDC) and according to the bank’s governor, the institution may need two more years to finish its work, a report has said. Some of the bank’s next tasks include winning the public’s...
China Blockchain Alliance Executives: Virtual Currency the ‘Largest Ponzi Scheme in Human History’
29.6.2022
The chairman of China’s Blockchain Service Network (BSN) Development Alliance Shan Zhiguang, and his colleague, insisted in a recently published op-ed that virtual currency is “undoubtedly the largest Ponzi scheme in human history.” However, they have said the “value...
Iran Aims to Roll Out Pilot Version of Crypto Rial Within 2 Months
26.6.2022
The government in Tehran is taking steps in preparation of the launch of Iran’s new digital currency, referred to as the crypto rial. The monetary authority of the Islamic Republic hopes to initiate the pilot phase of the project within the next two months. Crypto Rial to Be Different From...
Ruble Hits 7-Year High, Bukele, O’Leary Unfazed by Crypto Downturn, Elon Musk Will Keep Buying DOGE — Bitcoin.com News Week in Review
26.6.2022
As sanctioned Russia’s fiat currency soars in value against the U.S. dollar, and crypto markets remain unpredictable, economists and crypto enthusiasts continue to puzzle and debate over what the next market move will be. In spite of this, several influential voices remain unperturbed when...
CBDC Ensures Nigeria Remains Competitive in Increasingly Digital World — Central Bank Governor
26.6.2022
The governor of the Central Bank of Nigeria (CBN) has insisted the recently introduced e-naira digital currency can potentially boost trade and investment activities in the country. He added the digital currency “would be necessary in the future to ensure Nigeria is competitive as the world...
Lebanon Inflation Rate Surges to 211%, Economist Steve Hanke Recommends a Currency Board
26.6.2022
As political leaders in crisis-hit Lebanon bicker over positions in the yet-to-be-formed government, the country’s runaway inflation rate surged to 211% in May 2022, new data has shown. Economist Steve Hanke insists that a currency board is a solution to Lebanon’s currency woes. Black...
Bank of Russia Accelerates Schedule for Digital Ruble Project
26.6.2022
The Central Bank of Russia continues to step up efforts to test and issue the digital ruble, with a roadmap for the full implementation of the new form of the national fiat now expected by the end of 2023. Trials with real transactions and users are scheduled to begin next April, earlier than...
Bitcoin of America Is Working to Solve the Gender Problem in the Crypto Industry
24.6.2022
The leading virtual currency exchange, Bitcoin of America, announced its return to BTC 2022 in Miami. The company made headline last year for promoting females in a male dominant industry. Once again, Bitcoin of America made a splash at BTC 2022 with its all-female team. Bitcoin of America sent...
'Brutal and unrelentingly hard': Singapore regulator's clampdown on crypto
24.6.2022
The remarks from the regulator's chief fintech officer could see the city-state lose its perception as one of the most crypto-friendly countries in the world
Russia to Trial Digital Ruble Settlements for Real Estate Deals
23.6.2022
The Central Bank of Russia and participating commercial banks want to test various types of payments with the digital ruble, the Russian press reported. The plan is to experiment with smart contracts and transactions related to real estate and crypto asset purchases. Bank of Russia to Launch Smart...
Digital Dollar Would Secure Greenback as Global Reserve Currency, Lawmaker Argues
22.6.2022
U.S Rep. Jim Himes (D-Conn.) published a report supporting the introduction of a central bank digital currency on Wednesday
Qatar Central Bank in ‘foundation stage‘ of launching digital currency
22.6.2022
The bank is exploring technological solutions and platforms for its own digital currency
Bank of Israel experiments with central bank digital currency smart contracts and privacy
21.6.2022
The Israeli central bank looked at trust issues and policy decisions implied in a potential digital shekel, as well as some of the technical aspects of digital currency
Russian Ruble Taps 7-Year High Against the US Dollar — Economist Says ‘Don’t Ignore the Exchange Rate’
21.6.2022
Recent news reports have detailed that Russia’s fiat currency, the ruble, was the best-performing currency worldwide and the articles explained that American economists were perplexed by the trend. On Monday, the Russian ruble rose to 55.47 per dollar, which was the highest increase since...
Why the crypto market crash may play in Bitcoin's favour
20.6.2022
Podcaster and Bitcoin educator, Natalie Brunell, believes the current market turmoil could lead to regulation favouring Bitcoin over alts
Cumberland Sees Massive OTC Moves During Crypto Market Rout — ‘Most Volume We’ve Seen This Year’
19.6.2022
During the last week, while crypto markets got hammered, digital currency-centric over-the-counter (OTC) trading desks were swamped with orders. The cryptocurrency OTC trading desk Cumberland, a subsidiary of DRW, explained that on June 13, the firm saw 30% more volume than the previous...