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Real-world use cases for spending and accepting Tether stablecoin
12.10.2023
Tether is a popular stablecoin in online retailers, e-commerce, gaming, trading, and more, as it offers a secure and reliable channel for transferring funds across various platforms. Using Tether eliminates the need for manual currency conversion and greatly reduces transaction fees. The rising...
Bank of Ghana Launches Hackathon to Explore Various Use Cases of CBDC
12.10.2023
The Ghanaian central bank said it will be hosting a 12-week hackathon where participants are expected to explore the e-cedi’s nine different use cases. At the end of the hackathon, the central bank will hold a conference where individuals with outstanding solutions are recognized. Addressing...
Russia Could Use Digital Ruble to Evade SWIFT, Wants Foreign Banks to Use its CBDC
12.10.2023
Russia’s Central Bank thinks its digital ruble could let citizens pay abroad without making use of the SWIFT banking platform – and wants to let foreign banks use its CBDC.
Per the Russian IT-focused media outlet CNews, the Central Bank has drafted a bill that, if passed, would allow foreign banks...
E-naira Not A Threat - Nigeria’s Central Bank Replies to Critics, Highlights Use Cases
11.10.2023
The e-naira continues to generate controversy on its adoption rate, use cases, and more recently, claims by some observers on the threat it poses to the economy.
The Central Bank of Nigeria (CBN) has publicly backed its digital currency the e-naira which it released to rival the growing popularity...
Hong Kong Monetary Authority Advances e-HKD Tests, Mbridge Project
11.10.2023
The Hong Kong Monetary Authority (HKMA) has recently completed a series of tests regarding the programmability of the e-HKD, the proposed Hong Kong central bank digital currency (CBDC). While still in its initial phases, the e-HKD presents “interesting” use cases, HKMA CEO Eddie...
Cybercriminals Use Dexs and Crypto Cross-Chain Services to Launder $7 Billion — Elliptic
10.10.2023
According to the findings of a research study by Elliptic, cybercriminals are believed to have used crypto cross-chain bridges and coin swap services to launder $7 billion worth of “illicit or high-risk funds.” The Lazarus Group, a cybercriminal organization said to be backed by North...
Betting on Justice? Polymarket Odds Reveal Speculators’ Take on Bankman-Fried’s Trial
6.10.2023
As the trial for Sam Bankman-Fried begins this week, the cryptocurrency community is eagerly awaiting the verdict. Will Bankman-Fried be found guilty or not guilty? As the trial progresses, speculators are using the cryptocurrency prediction platform Polymarket to bet on the potential outcome....
‘Stringent AML and KYC Processes’ Can Help Build Consumer Confidence in the Web3 Economy — Przemek Kowalczyk
6.10.2023
Integrating crypto into the global financial system has so far proved to be problematic to due what Przemek Kowalczyk, the chief product officer (CPO) of the fintech startup Ramp, described as “digital incompatibility.” Kowalczyk, a data scientist, told Bitcoin.com News that...
Innovative Blockchain projects will have a compelling value proposition, practical use cases
5.10.2023
The crypto and Blockchain space now has a large number of users and many different types of service providers. However, there’s also a lot of noise or excessive hype surrounding many so-called projects that have failed to deliver on their tall claims. Although there’s no easy or clear...
Prediction Market 'Zeitgeist' to Use CoinDesk Indices for Broad Crypto Bets
5.10.2023
Traders will be able to bet on the performance of a basket of DeFi tokens, or of a group of smart contract platforms' native currencies
DOJ Clamps Down on SBF’s Regulatory Loophole Defense Amid Ongoing Fraud Trial
4.10.2023
The Department of Justice (DOJ) has asked the judge in Sam Bankman-Fried’s (SBF) criminal case to restrict several planned defense arguments about financial regulations. Prosecutors said in a new court filing that SBF should not be allowed to claim he’s innocent because cryptocurrency...
Argentine Economy Minister Sergio Massa Proposes National Digital Currency
4.10.2023
Sergio Massa, Argentine economy minister and presidential candidate, has announced that, if elected, his new government plan would include launching a national digital currency that local media has called the “crypto peso.” Massa also stated that this plan would involve a tax reduction...
Russian Banker States SWIFT ‘Needs to Be Killed’
3.10.2023
Andrei Kostin, head of the VTB Bank, one of the biggest banks in Russia, has stated that the Society for Worldwide Interbank Financial Telecommunication (SWIFT), the standard messaging system for fiat payments, “needs to be killed.” Kostin remarked that the actions of the U.S. and...
Bank of Russia Digital Ruble Pilot Update: ‘Everything Going as Planned’
3.10.2023
The Bank of Russia offered an update about the state of the digital ruble, the Russian central bank digital currency (CBDC), which is currently in a nationwide pilot. Elvira Nabiullina, governor of the Bank of Russia, stated that the pilot was “going as planned” and that more...
Shiba Budz (BUDZ): The Game-Changer in Decentralized Gaming
2.10.2023
In the world of cryptocurrencies, the emergence of Shiba Budz (BUDZ) has sparked a notable revolution in the realm of decentralized gaming. This development is characterised by the innovative use of blockchain technology to enhance gaming processes and establish secure on-chain marketplaces...
Sam Bankman-Fried Trial: A Colossal Legal Showdown Starts Next Week
30.9.2023
A calendar has been set for the upcoming trial of United States v. Bankman-Fried, with jury selection beginning October 3, 2023. The FTX founder, Sam Bankman-Fried, was denied temporary release from prison but will be allowed to use an “air-gapped,” internet-disabled laptop...
China dev fined 3 yr’s salary for VPN use, 10M e-CNY airdrop: Asia Express
29.9.2023
Crypto industry concerns after Chinese dev fined 3 year’s salary for using a VPN, largest Ponzi in Hong Kong history, JPEX saga, and more
China Allows Visitors to Top Up Digital Yuan Wallets with Visa, Mastercard, Cash
28.9.2023
Trying to make the digital yuan more attractive for foreigners, China has added a “recharge before use” feature to its digital currency system. The upgrade will allow visitors from abroad to replenish a digital yuan wallet through the global payment networks Visa and Mastercard among other methods....
Sam Bankman-Fried Can Use an 'Air-Gapped' Laptop in Court, Judge Rules
27.9.2023
A federal judge signed off on a defense request to allow FTX founder Sam Bankman-Fried to use an "air-gapped" laptop while in court during his trial next month
Sam Bankman-Fried Can Grill Former FTX Insiders on Drug Use in Court
27.9.2023
While Bankman-Fried's lawyers tried again to get him out of jail just days ahead of his trial, the judge overseeing the case inched closer to resolving some outstanding issues