A class-action lawsuit for misleading statements and lack of key information was brought by investors against Argo Blockchain, a crypto mining firm recently delisted from the Nasdaq. Investors of Argo Blockchain have sued the firm for making false and misleading statements and conspicuously withholding crucial information during its initial public offering (IPO) in 2021. The [...] The post Crypto Mining Firm Argo: Back...
Arizona senator Wendy Rogers unveiled a set of bills on Wednesday, which would adopt Bitcoin as legal tender and facilitate the use of the flagship crypto in the state. If enacted, Bitcoin will be accepted as a means of payment for goods and services at the state agencies. The bills’ approval will also make Arizona [...] The post Arizona Senator Introduces Bill to...
Rumors about Genesis came to an official confirmation as the firm filed for chapter 11 bankruptcy protection on Tuesday. It appears that FTX contagion won’t stop, and Genesis bites the dust. Crypto lender Genesis filed for bankruptcy under Chapter 11 on Jan. 19. The United States District Court for the Southern District of New York [...] The post Genesis in Chapter 11 Bankruptcy...
With CBDC development a top priority in several countries, the US cautious approach to this new form of money is subject to controversy. Digital Dollar Project (DDP) urges the country to make a move, otherwise, it loses the race. On Wednesday, Digital Dollar Project (DDP), a foundation dedicated to look into the idea of the [...] The post CBDC Race: U.S. Leadership At...
MetaMask and PayPal are working together in order to empower the Ethereum ecosystem. The two transactional giants have found their way to collaborate in favor of crypto adoption. By the end of 2020, PayPal introduced a new functionality that allows users to make cryptocurrency transactions with Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. However, transferring tokens [...] The post Metamask Partners With PayPal to...
The global monetary system has rapidly evolved upon the impact of digitalization and the industrial revolution. A UK CBDC is likely coming soon. Governments worldwide, despite initial struggles, started getting more serious about developing central bank digital currency (CBDC). The UK CBDC is Probably Right Around The Corner The UK government is setting up a [...] The post Bank Of England Working On...
The concept of central bank digital currency (CBDC) has been increasingly engaged in recent discussions as worldwide governments speed up the analysis and development of the novel form of currency. The focus of the week is on India, France, and Luxembourg. CBDCs Are Here Following the news of the wholesale CBDC pilot launch earlier this [...] The post They're Coming: Governments Around The...
It’s been the same old story since the dawn of crypto. The problems of dualism in finance always spot on major banks and cryptocurrencies and how traditional finance institutions hate digital assets. Jamie Dimon, JP Morgan CEO, and chairman made it clear previously that he was not a fan of bitcoin. While Dimon has a [...] The post JP Morgan Applies For Crypto...
Central banks around the world have made massive investments into CBDC’s research. The FED, despite lagging behind other peers in the race, has sharply ramped up efforts to issue its CBDC in recent times. The Federal Reserve Bank of New York has completed a successful pilot of the use of central bank digital currencies (CBDCs) [...] The post New York Fed Completes Pilot...
Binance has made a significant amount of investments in the crypto industry’s growth but its integration into the banking system is on another level. It is considering buying its own bank, Bloomberg reported eariler this week. Speaking during the Web Summit conference in Lisbon, Portugal, Binance CEO Changpeng Zhao said that the exchange is pursuing [...] The post Binance Looks To Expand Its...
Credit is needed to leverage trust, whereas bitcoin is a tool for trustlessness. Both credit and bitcoin will coexist during hyperbitcoinization.This is a transcribed excerpt of the "Bitcoin Magazine Podcast," hosted by P and Q. In this episode, they are joined by John Carvalho to talk about building on top of Bitcoin, Bitcoin philosophy and what is happening with the Lightning Network....
The CEO of ShapeShift and the CEO of FTX, SBF, talk about proposed rules for cryptocurrencies. Voorhees says, "If DeFi front-ends that serve Americans need to be licensed, DeFi will die in America." Bankman-Fried makes it clear that he won't support regulating finance that is run by a lot of different people. Erik Voorhees, the […] The post...
With over 100 experimental projects in the process, central bank digital currency, or CBDC has become a global trendsetter. Japan is also embracing this trend and making quick and drastic moves to issue its national digital currency. Japan Credit Bureau (JCB), a Japanese international financial services provider, said that it will conduct central bank digital [...] The post Japan’s Premier International Payment System...
Saving money is important for everyone, but it can be especially difficult when you're trying to grow your savings account. That's why high-yield savings accounts are so important […]
Let's be honest about it – inflation is real and here. It impacts everyone. Today, the media corps in Argentina are protesting. We will tell you, it isn't easy to take a day off work. But we are shark like. The media machine in Argentina is poor, and on the edge of starving. Inflation. Bad [...] The post Guilt and Responsibility: Everyone Has...
China is undoubtedly leading the CBDC race but its phenomenal growth could threaten the existing monetary standards with the new digital yuan. The digital yuan’s transactional volume exceeded $14 billion, or approximately 100.04 billion yuan during its pilot phase, making it the world's most widely adopted central bank digital currency (CBDC). Digital Currency Made In [...] The post Digital Yuan’s Volume Crosses $14...
Bitcoin breaks the financial bonds created by the monopolization of money.This is an opinion editorial by The Bitcoin General, a Bitcoin proponent, seeker of truth, respecter of individuality and appreciator of freedom.For decades, the legacy financial establishment has capitalized on its position to manage wealth for the vast majority of investors. On January 3rd, 2009,...
Republican members of the U.S. House Banking Committee, one of the most powerful committees in the nation, have called for the Justice Department's assessment of whether the Federal Reserve has the relevant authority to issue a central bank digital currency (CBDC). The House group, with signatures of the ranking members Republican Patrick McHenry (R-North Carolina), [...] The post Republican Lawmakers Urge Justice Department...
With a new ETF launched by BlackRock, crypto assets are gaining momentum. BlackRock, the world’s largest asset manager, is launching a blockchain exchange-traded fund (ETF) in Europe. The company seeks to offer similar advantages as the ETF launched in America to its European institutional clients. New Crypto ETF For European Markets BlackRock announced on 29 [...] The post BlackRock Joins Institutional Giants With...
Russia is ramping up plans to develop central bank digital currency. A new report says settlements with China are its next target. As reported by Reuters, the Russian government is intensifying its plans to use its own central bank digital currency (CBDC), or digital ruble, for international trade with China by the end of 2022. [...] The post The CBDC Push Moves On:...
News