It’s now or never — The US has to prepare itself for digital currency
If the United States is still not ready for central bank digital currency, it will stay on the sidelines of tech and financial innovations. Go to Source Powered by WPeMatico
Month: September 2021
US Lawmakers See China’s Authoritarian Crackdown on Crypto as Big Opportunity
Several U.S. lawmakers see China’s authoritarian crackdown on cryptocurrency, including bitcoin, as “a perfect opportunity for American leadership on cryptocurrency.” One senator noted that it is “a reminder of our huge structural advantage over China.” US Lawmakers Comment on China’s Cryptocurrency Crackdown Following the latest news of China’s crackdown on cryptocurrency, several U.S. lawmakers have … Read more
Court Extends Detention of Finiko Pyramid Founder Doronin and His Right-Hand Man
A court in Tatarstan has extended the detention of Kirill Doronin, founder of Russia’s largest Ponzi scheme in recent times, Finiko. Doronin will spend at least two more months in custody as authorities fear he could hide from law enforcement. Ilgiz Shakirov, vice-president of the crypto pyramid, remains under detention as well. Finiko Mastermind Doronin … Read more
Charitable sustainable NFTs for the United Nations’ 17 SDGs
A green post-COVID-10 recovery in accordance with the United Nations’ 17 Sustainable Development Goals is possible with blockchain and NFTs. Go to Source Powered by WPeMatico
A Rocky Start for Bukele’s Bitcoin Law — El Salvador After Adoption
The adoption of bitcoin as legal tender in El Salvador has been one of the biggest events in the cryptocurrency world this year. However, Nayib Bukele, president of the country, has taken a course of action many consider mistaken. In any case, the Bitcoin Law has put Bitcoin in the global spotlight as a potential … Read more
Bitcoin volatility continues as BTC price closes in on critical weekly close
It’s all about what happens to Bitcoin price action by the end of the week as $1,000 swings up and down remain. Go to Source Powered by WPeMatico
DeFi: Who, what and how to regulate in a borderless, code-governed world?
The decentralized, disintermediated and borderless blockchain networks challenge regulators, but DeFi is the future of finance. Go to Source Powered by WPeMatico
Bhutan Partners With Ripple to Pilot Digital Ngultrum on a Private Ledger
The Central Bank of Bhutan, the Royal Monetary Authority (RMA), has partnered with Ripple to start testing a model of its central bank digital currency (CBDC) using Ripple’s technology. The test will be using Ripple’s own CBDC private ledger, to support similar use cases. The pilot test will include retail, cross-border and wholesale payments for … Read more
These 3 NFT Projects Collectively Captured Over $10 Billion in Sales
Non-fungible token (NFT) assets have taken the world by storm in 2021 and three current projects in the NFT universe have seen sales stretch into the billions. Statistics show that the NFT marketplace Opensea, the blockchain NFT game Axie Infinity, and the digital collectible series Cryptopunks have collectively captured over $10 billion in sales. Opensea, … Read more
Morgan Stanley’s Executive Likens Bitcoin’s Resilience to Kenny Who Dies in Every South Park Episode
Morgan Stanley Investment Management’s Dennis Lynch, says that bitcoin’s resilience is like Kenny from the popular TV series South Park. In almost every episode, Kenny comically died but always came back, just like how bitcoin bounces back every time after a bear market. Bitcoin Is Similar to Kenny in South Park, Says Morgan Stanley’s Executive … Read more
