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Digital dollar needs broad consensus among authorities, says US Treasury Secretary
3.12.2021
Such a move would require broad consensus among Congress, the U.S. central bank and the White House
Indonesia’s Central Bank Considers Issuing Digital Currency to ‘Fight’ Crypto
2.12.2021
Bank Indonesia, the country’s central bank, is reportedly considering issuing a central bank digital currency (CBDC) to fight the use of cryptocurrency. “A CBDC would be one of the tools to fight crypto. We assume that people would find CBDC more credible than crypto,” said...
ZCash surges 7% after Digital Currency Group CEO announces $85M purchase
1.12.2021
The price of ZEC surged to $243.84 following Silbert’s announcement but has still fallen more than 20% since reaching a six-month high of more than $300 on Thursday
Nigerian Central Bank Wants Financial Institutions to Develop Products Based on Its CBDC
29.11.2021
The Central Bank of Nigeria has said it wants players in the country’s payment industry to develop and help introduce products based on its central bank digital currency, the e-naira. Central Bank Open to Suggestions In its bid to deepen the adoption of the e-naira, the Central Bank...
Bank of England Governor Worried About Bitcoin Being Legal Tender in El Salvador
29.11.2021
The governor of the Bank of England, the country’s central bank, has voiced concerns about El Salvador choosing bitcoin as a national currency. Citing a recent warning by the International Monetary Fund (IMF) against bitcoin’s use as legal tender, the governor said: “What would...
Annual Volume of Crypto Transactions Made by Russians Reaches $5 Billion, Bank of Russia Finds
28.11.2021
With the growing capitalization of the crypto economy, Russians have been making crypto transactions worth billions of dollars a year, data gathered by the Central Bank of Russia shows. Russian residents are some of the most active participants in the crypto market, the regulator has acknowledged....
Tanzanian Central Bank Preparing for CBDC to Ensure Country Is Not Left Behind
28.11.2021
Florens Luoga, the governor of the Bank of Tanzania, said the apex bank has kickstarted preparations for a central bank digital currency. He said the bank was doing this to ensure Tanzania is not left behind as other countries adopt digital currencies. Keeping Abreast With Developments on...
‘We’ve All Decided Centralized Banking Is Rigged’ — South Park Episode Features a Bitcoin-Only Future
27.11.2021
South Park’s recent episode called the “Post COVID” special mocks a future where the only currency accepted is bitcoin and other cryptocurrencies. The hour-long animated sitcom picks up years into the future where the main characters are now all grown up, except Kenny McCormick...
Data Shows a Myriad of Crypto Networks Are More Profitable to Mine Than Bitcoin
27.11.2021
As the end of the year approaches, digital currency values have risen a great deal in 2021 and crypto asset miners have been profiting as a result. According to statistics, the most profitable coin to mine at the end of November is kadena, as an 18 terahash (TH/s) machine can get up to $326...
‘Financial Inclusion’ — A Buzzword for Central Banks Who Secretly Despise Economic Freedom
27.11.2021
The World Economic Forum (WEF) has released its latest report on “digital currency governance” this month, addressing stablecoins, cryptocurrencies, and “barriers to financial inclusion.” Like most central banks, regulators, think tanks, and politicians, the...
Bitcoin Dominance Slides Below 40% for First Time in 6 Months
25.11.2021
During the last week, the price of bitcoin has been hovering below the $60K range and digital currency advocates are wondering which way the market is headed next. At the time of writing, the crypto economy is valued at $2.81 trillion and bitcoin’s market dominance has sunk below the...
Finnish regulators tighten the screw on virtual currency marketing
25.11.2021
The Finnish Financial Supervisory Authority published stricter rulings regarding crypto marketing
Number of Africa-Based Users on Kucoin Platform Surge by 200% in First 10 Months of 2021
25.11.2021
Despite largely lagging behind the rest of the world on many other metrics, Africa however appears to have taken the lead where cryptocurrency or the blockchain is concerned. Africa-Based Kucoin Users Skyrocket in 2021 In African countries that are plagued by currency woes or hyperinflation...
Hillary Clinton Calls on Biden Administration to Regulate Cryptocurrency — Warns of Manipulation by Russia, China
25.11.2021
Former presidential candidate Hillary Clinton has called on the Biden administration to regulate the cryptocurrency markets. She warned that countries like Russia or China, as well as nonstate actors, could manipulate all kinds of technology to their advantage and destabilize countries as well...
Japanese megabanks join consortium launching yen-based digital currency
24.11.2021
Private-sector behemoths in Japan are exploring digital currencies as a way to streamline large fund transfers and settlements
Palau Partners with Ripple for Development of Digital Currency
24.11.2021
Ripple and the Republic of Palau have announced their partnership exploring the country’s digital currency idea and using it with the XRP Prediction ledger. The initial focus of the partnership will be on establishing a payment mechanism between cross-border and digital currency backed by...
Palau partners with Ripple on climate friendly national digital currency
24.11.2021
The partnership will help Palau be climate-friendly while enhancing its cross-border payments and digital currency technologies
Regal to partner with Flexa to enable digital currency payments in theatres
23.11.2021
Customers will be able to purchase movie tickets and concessions with crypto at over 500 Regal cinemas
Bitcoin hits new all-time high in Turkey as fiat currency lira goes into freefall
23.11.2021
Turkish Bitcoin holders avoid what an accelerating currency collapse as the lira loses 15% against the U.S. dollar in a single day
Central Bank of Peru Will Develop a Digital Currency
22.11.2021
The Central Reserve Bank of Peru, the Peruvian central bank, is planning to develop a central bank digital currency (CBDC) like other economies of the world. The announcement was made by its president, Julio Velarde, who stated that the currency would be designed for use primarily in payments....