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Kenyan Fintech Startup to Use Stablecoins to Transfer Universal Basic Income Payments to African Refugees
17.4.2021
Kotani Pay, a Kenya based digital currency on and off-ramp service provider, has entered into an agreement wherein it will enable the transfer of universal basic income (UBI) payments to African refugees. Working in conjunction with the Refugee Integration Organisation (RIO) and Impact Market,...
Dogecoin Markets Soar as Token Nears a Half Dollar, DOGE Price Climbs 18,299% in 12 Months
16.4.2021
The popular meme-based crypto-asset dogecoin has seen phenomenal gains during the last few days. On August 16, 2021, the digital currency featuring the likeness of the Shiba Inu dog tapped an all-time high at $0.44 per token. However, the cost to send a transaction in dogecoin has jumped to that...
Crypto Markets Lose Hot Air, DOGE and BCH Skyrocket, 46% Chance ETH Hits $2,600 by May
16.4.2021
Digital currency markets have seen some slight losses on Friday morning, as a great number of cryptocurrencies saw significant gains the day prior. Bitcoin dropped to a low of $60,042 during the early morning trading sessions shedding 3% during the last 24 hours. Crypto Markets Shed Some Value...
Gold-as-a-currency: Kinesis launches blockchain-backed monetary system in Indonesia
15.4.2021
In partnership with the Indonesian government, Kinesis is using blockchain technology to deliver gold-based financial services to the population
Insurance Giant AXA Allows Swiss Clients to Pay for Services With Bitcoin
15.4.2021
The French multinational insurance firm AXA is now allowing clients in Switzerland to pay for services in bitcoin. The newly added support is part of the company’s “digital future” and stems from customer demand for crypto payments. AXA Supports Bitcoin Payments In Switzerland...
200-Year-Old American Wine Shop Now Accepts Cryptocurrencies
15.4.2021
Nearly every day now a new company is announcing the acceptance of cryptocurrencies in some form or another. Now one of the world’s largest fine wine auction houses and America’s oldest wine shop Acker has revealed digital currency acceptance to pay for auction payments and retail wine...
Macau poised to amend laws to enable digital yuan trials
15.4.2021
Macau’s government is taking steps towards introducing a digital currency to combat tax evasion and money laundering in the gambling hub
Brazil’s Central Bank President Expects to Have News on a CBDC ‘Soon’
14.4.2021
The largest country in Latin America could have its central bank digital currency (CBDC) soon, as the Brazilian central bank is taking steps towards creating it. Recently, the Banco Central do Brasil (BCB) president hinted at the possibility of having news on the matter “soon.”...
European Central Bank releases results of digital euro consultation
14.4.2021
Privacy concerns regarding the digital euro abound as the European Central bank test the waters for a central bank digital currency
US Government Concerned China’s Digital Yuan Could Threaten Dollar as the World’s Dominant Reserve Currency
13.4.2021
The U.S. government is reportedly concerned that China’s digital yuan could threaten the U.S. dollar’s status as the world’s dominant reserve currency. Officials at the Treasury, State Department, Pentagon, and National Security Council are increasing their efforts to understand...
Bitcoin Bull Mike Novogratz Warns of ‘Existential Crisis’ if the US Fails to Create Digital Dollar
12.4.2021
Mike Novogratz, the CEO of Galaxy Digital and bitcoin bull has warned that the United States’ failure to have its own digital currency could be an “existential crisis.” However, the CEO says the country’s fate is still in its hands. Novogratz made these comments a few days...
An ECB Board Member Attacks Bitcoin, Says It ‘Does Not Fulfill the Basic Properties of Money’
10.4.2021
Isabel Schnabel, a board member with the European Central Bank (ECB), has attacked bitcoin claiming the crypto asset “does not fulfill the basic properties of money.” She also describes bitcoin as a “speculative asset without any recognizable fundamental value and is subject...
Swedish Central Bank Releases the First Study About Its CBDC E-Krona Pilot
9.4.2021
The Swedish central bank keeps making steps towards modeling its e-krona pilot project by issuing a detailed report of the results of phase one for the path ahead. Riksbank is still optimistic about launching its central bank digital currency (CBDC), but there are hurdles to clear out on the road....
Paypal Cofounder Peter Thiel Thinks China Is Using Bitcoin as Financial Weapon Against the US
9.4.2021
According to Paypal cofounder Peter Thiel, the Chinese government, which detests the U.S. dollar’s reserve currency status, could be using bitcoin as a financial weapon against the U.S. While he concedes that China has no intentions of making the yuan renminbi a reserve currency, Thiel still...
GBTC Holder Says Not Enough Being Done to Eliminate Discount on Shares— Proposes an Alternative Solution
9.4.2021
A privately-held investment firm from Chicago, Marlton Partners, has urged Grayscale Investments to embrace the modified Dutch auction tender offer for GBTC shares. According to Marlton, such a tender offer “would materially narrow — if not eliminate — the discount to net asset...
China using Bitcoin as ‘financial weapon’ against United States: Peter Thiel
8.4.2021
Peter Thiel has urged the U.S. government to reappraise China’s relationship with Bitcoin from a geopolitical perspective
Sweden’s central bank completes first phase of digital currency pilot
7.4.2021
The Riksbank said that CBDC technology still requires further investigation
Goldman Sachs CEO believes Bitcoin regulations are set for a 'big evolution'
7.4.2021
Goldman Sachs CEO David Soloman has forecast a big evolution in how the U.S. government regulates cryptocurrency
Oracle Token Chainlink Replaces XRP in Grayscale’s Strategic Large Cap Fund
6.4.2021
The digital currency manager Grayscale Investments announced that the firm has updated its Digital Large Cap Fund (GDLC) in order to add the crypto asset chainlink to the fund. Chainlink is the popular blockchain oracle network and the token will replace XRP after Grayscale removed the digital...
Indian IT giant Tech Mahindra to launch stablecoin tool for banks
6.4.2021
Tech Mahindra wants to provide U.S. banks with a stablecoin solution after the OCC authorized federally chartered banks to use stablecoins for settlement in January