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Ireland's Central Bank Governor Labels Unbacked Cryptos as Ponzi Schemes


Unbacked cryptocurrencies are more like a "Ponzi scheme" than an investment, argued Central Bank of Ireland Governor Gabriel Makhlouf - but adding that "crypto is not going away very soon." In a Friday blog post, Makhlouf stated that Ireland's Central Bank differentiates between 'backed'...

Today in Crypto: Bank of Canada Opens Public CBDC Consultation, Solana' Saga Phone Available for Orders, 32% of Family Offices Investment in Digital Assets, Binance NFT to Support Bitcoin Ordinals


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: Bank of Canada Opens Public CBDC Consultation, Solana' Saga Phone Available for Orders, 32% of Family...

Brazil Central Bank CBDC Pilot Snubs Crypto Firms


The Central Bank of Brazil has effectively blocked crypto firms from taking part in its central bank digital currency (CBDC) pilot. The bank this month issued a call for interested firms to join the next phase of its pilot. But while the bank did not explicitly rule out the participation...

Central Bank Digital Currency sees a rise in its adoption


The arrival of the Covid-19 pandemic has enhanced digital currency adoption across different corners of the world. Interactions, shopping, and education are all included. One segment in specific that has gained major attention is payments – these are done digitally by customers, no matter...

Elon Musk Shares ‘Massive Incentive to Move Money out of Bank Accounts’


Tesla and Twitter CEO Elon Musk has shared a “massive incentive” to move money out of bank accounts, citing a significant interest rate gap created by the U.S. Treasury and the Federal Reserve. “As more people & companies realize this, bank depositor flight will accelerate...

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