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Philippines Plans to Introduce Wholesale CBDC by 2029


Bangko Sentral ng Pilipinas (BSP) plans to introduce its wholesale central bank digital currency (CBDC) by 2029. The Philippine central bank’s CBDC initiative is near its proof-of-concept completion. “This is an innovative payment instrument,” said the BSP deputy governor....

Fintech Company Tecban Pilots Tokenization Platform for Brazil’s Drex CBDC


Tecban, a fintech that provides interconnection technology for banks, has launched a tokenization and associated services platform called Nexchain. This platform facilitates the process of placing assets on the blockchain for third parties as part of the Drex pilot. The platform will be launched...

Russia Advances Cryptocurrency Mining Bill


Russia’s State Duma has advanced a bill to regulate cryptocurrency mining, aiming to curb illegal activities and promote investment and employment. Proposed by the chairman of the Duma Committee on Financial Markets and supported by key deputies, the bill mandates strict guidelines...

Michael Saylor: US Government Should Own Majority of Bitcoin in the World


Michael Saylor, executive chairman of Microstrategy, believes the U.S. government should hold the majority of the world’s bitcoin, arguing this would strengthen the U.S. dollar. Drawing parallels to historic acquisitions, he views bitcoin as a critical asset for the future. Saylor...

Salvadoran Basic Goods Basket Rose to Historic Highs in June


The price of the Salvadoran basic goods basket, a group of foods and vegetables considered essential, rose to all-time high levels in June. The increase was pushed due to the price hikes in vegetables, going over the $260 barrier and reaching $262.17. President Bukele recently expanded the action...

July Week-5 Crypto Outlook: BTC, ETH, & SOL on the Radar


Recent events have drawn attention to the cryptocurrency markets like never before. As the drama continues to grow, our beloved crypto Bitcoin, Ethereum, and Solana continue to react. Amid the volatile US political landscape and the market moving in a channel waiting for a breakout, the crypto...

Report: Kamala Harris Team’s Crypto Outreach, Pro-Crypto Stance in Horizon?


The U.S. Presidential elections have turned into a drama series with new plot twists every week, and somehow, crypto seems to be at the center of all the drama. Earlier today, Barrack and Michelle Obama officially endorsed Kamala Harris for POTUS. This has become a crypto election with the likes...

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