18:00 Today in Crypto: Bitcoin Mining Difficulty Hits ATH, Unstoppable Domains Launches Unstoppable Messaging Based on Web3 Domains, Binance.US Partners with MoonPay for USD-to-Crypto Conversion, US FBI Identifies 6 Lazarus-Linked Bitcoin Wallets
Russian Central Bank: Digital Rubles Will Be Classified as ‘Highly Valuable Liquid Assets’ Source: Oleg/Adobe The Russian Central Bank says it plans to begin classifying the digital ruble, the nation’s CBDC, as a “high-quality liquid asset” (HQLA), and will likely eventually oblige banks in the country to follow suit. Central banks typically classify assets such as fiat cash, central bank reserves, and government bonds issued by nations with […]
Today in Crypto: Mastercard Forms a CBDC Program with Ripple, Consensys & Fireblocks, OpenSea is Set to Disable its Operator Filter, Taiwan Proposes Business Category for Crypto Firms to Self-regulate & Form Industry Associations Source: AdobeStock / PixieMe Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________ CBDC news Global payments giant Mastercard is forming a central bank digital currency (CBDC) program with Ripple and blockchain development firm Consensys as initial partners. Mastercard is convening this […]
Colombia central bank recommends limiting CBDC holdings and spending Setting limits on CBDC transactions could be beneficial to issues related to user privacy and security, according to the central bank of Colombia. News Join us on social networks The central bank of Colombia has not yet decided whether or not to issue a central bank digital currency (CBDC), but believes that setting limits on […]
Today in Crypto: Argentine Opens Investigation Into Worldcoin, Canada is Seeking Solution to Facilitate Seizure and Storage of Crypto and NFTs, Canadians Don't Have a Reason to Adopt a CBDC Source: AdobeStock / Jason Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________ Police news The Argentine Agency for Access to Public Information (AAIP) opened an investigation into the identity and cryptocurrency protocol Worldcoin to ascertain the legality of its data collection […]
Moscow Metro to Join Russia’s Digital Ruble Trial – CBDC Gathering Pace Source: vesta48/Adobe The Russian Central Bank will pilot its digital ruble on Moscow’s metro system as the nation’s CBDC project begins to gather pace. The Central Bank earlier this week suggested that the pilot – which officially begins on August 15 – would center around smaller retailers located in 11 unnamed Russian cities. But the […]
Canadians have ‘weak incentives’ to use a CBDC: Bank of Canada A central bank discussion paper found that the majority of Canadians have little trouble accessing financial services, which gives them little reason to use a CBDC. News Join us on social networks The typical Canadian has little reason to adopt a central bank-issued digital currency, which could cause problems with its broad acceptance, according to […]
Circle CEO Urges On-Shore Stablecoin Development for the Future of Finance Source: Shutterstock Resharing Circle's video ad tweet, Jeremy Allaire, the CEO of Circle, emphasized the critical need to accelerate the progress of the digital dollar and Stablecoin development. His message highlights that this advancement is essential for maintaining the strength of the US dollar. Initially posted in July, Jeremy Allaire was featured in the two-minute […]
Today in Crypto: India's Central Bank Proposes AI-powered Conversational Payments System, India Wants to Utilize Crypto to Digitally Sign Documents, UK Recruiting For CBDC Academic Advisory Group Source: AdobeStock / Galyna Andrushko Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________ AI news The central Reserve Bank of India (RBI) published a press release that includes the idea of using artificial intelligence (AI) on conversational payments in the unified […]
Bank of England Forms Digital Pound Advisory Group to Shape CBDC Design Source: Adobe / dbrnjhrj Announced on the Bank's Website on Wednesday, the Bank of England (BoE) has established a digital pound advisory group named the CBDC Academic Advisory Group (AAG) and is actively seeking specialists to join this group as the nation enters the CBDC design phase. The Bank of England has announced the establishment […]
600 Russians to Trial CBDC Next Week – Digital Ruble Pilot Begins Source: FornStudio/Adobe The Russian digital ruble pilot proper will begin next week, says the country’s Central Bank, with 600 citizens set to become the first people in the nation to use the CBDC. The bank said that the first transactions with the CBDC would be conducted on August 15, and that the pilot would initially […]
Russia to begin CBDC trials with 13 banks According to Olga Skorobogatova, first deputy governor of the Bank of Russia, initiating pilot operations using genuine digital rubles represents a pivotal phase within the project. News Join us on social networks The Bank of Russia (BoR) has revealed that it will begin testing operations for Russia’s central bank digital currency (CBDC) project with digital […]
Most Russians Wary of Digital Ruble, Survey Finds – Blow for Moscow’s CBDC? Source: yulenochekk/Adobe Most Russian citizens say they distrust or have no interest in using the digital ruble, Russia’s CBDC, a survey has found. The survey was carried out by the media outlet and information service provider BankInform, which asked its subscribers to give their thoughts on the CBDC. The coin is currently being piloted in […]
Today in Crypto: Binance Becomes First Fully Licensed Exchange in El Salvador, Coinbase Offers to Buy Back Up to $150 Million of Its $1 Billion Bonds, Bitstamp in Talks to Raise Fresh Funding, Brazilian CBDC Gets Its Official Name and Logo Source: AdobeStock / Rafael Henrique Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________ Exchange news Binance announced today that it has become the first fully licensed crypto exchange in El Salvador after being granted the Bitcoin Services Provider license (BSP) by […]
Japanese startup to use stablecoins and CBDC to link Asian countries Soramitsu is developing a cross-border payment system that uses Cambodia’s CBDCs and targets Japan, India, China and Southeast Asia. News Join us on social networks Japanese blockchain startup Soramitsu is exploring new central bank digital currency (CBDC) applications with a new project on the cross-border payment system for Asian countries. Soramitsu will deploy Cambodia's CBDC […]
Today in Crypto: Bank of Russia Reveals Official CBDC Logo, Revolut Shuts Down Crypto Platform for its US Customers, US DoJ Asks Sam Bankman-Fried's 'Bail be Revoked and Defendant be Detained'
Nigeria’s SEC warns against trading on Binance The agency insists that the platform doesn’t have a license to work in the country and that its operation is illegal. News Join us on social networks The Nigerian Securities and Exchange Commission (SEC) has warned local investors against using one of the world’s largest crypto exchanges, Binance. It refers to the previous circular issued […]
Today in Crypto: Crypto Firms in Hong Kong Can Open 'Simple' Bank Accounts Only, Elderly Couple in US Held Hostage for $156,000 in Crypto, Binance Can Operate in Dubai But Not in Nigeria
Russian Bailiffs ‘Will Be Allowed to Seize Digital Rubles from Citizens & Firms’ Source: 999xy/Adobe Russian bailiffs will be allowed to seize digital rubles from citizens, a government chief has confirmed – as the nation readies a “real-world” CBDC pilot. Per Pravda, the comments were made by the Russian Federal Bailiff Service Director Dmitry Aristov at a law enforcement meeting at the Second Russia-Africa Summit. Aristov said the […]
Chinese, Indian investment professionals show strong support for CBDC in new survey The CFA Institute asked members around the world how they felt about CBDCs. Their responses might surprise the crypto community. News Join us on social networks The CFA Institute, the professional association that provides Chartered Financial Analyst credentialing, surveyed its members on their perceptions of central bank digital currency (CBDC), saying it wanted to examine […]
Today in Crypto: South Korea Launches the Joint Investigation Centre for Crypto Crimes, Singapore Rules Crypto is Property Capable of Being Held in Trust, Craig Wright Must Pay £400,000 in Coinbase & Kraken Cases but Judge Doesn't Think He Has the Money
Top Lawmaker Suggests China and Russia’s CBDCs Are ‘Compatible’ Source: daboost/Adobe A leading Russian lawmaker says China and Russia’s CBDCs may be “compatible” and could be used to make international payments between the nations. Per RBC, the comments were made by Anatoly Aksakov, a member of the State Duma from Chuvashia’s Kanash constituency and the Chairman of the State Duma Committee on the Financial […]
Today in Crypto: WeChat & Alipay Enable Foreigners to Pay at Chinese Retailers, ETH 699,816 Paid as Royalties to NFT Projects on Ethereum, Hana Bank & Woori Bank 'Interested in Certificate of Deposit' Tokens Source: AdobeStock / Ralf Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________ Payments news China’s two mobile payment giants, WeChat Pay and Alipay, announced that foreign users can now pay at Chinese retailers by linking their foreign credit cards, including Visa, […]
Congressman Warren Davidson calls to ban and criminalize CBDCs “Money should not be programmable by a central authority,” argues Republican Representative Warren Davidson. News Join us on social networks United States Republican Representative Warren Davidson has spoken out against Central Bank Digital Currencies (CBDCs), urging Congress to ban them and criminalize its development. In a July 23 Twitter post, Congressman Davidson accused the Federal […]
