Since Zimbabwe’s central bank banned crypto services in 2018, Bitcoin has continued to rise amid new ban on foreign currencies. Bitcoin (BTC) trading in Zimbabwe has continued to surge after the government banned the use of foreign currencies on June 24, business news agency Quartz Africa reported on July 10. The country is reportedly seeing […]
Continue Reading
The deputy governor of Mexico’s central bank argued that a CBDC of “less than full anonymity” is not interesting for the public. Central bank digital currencies (CBDC) will not hold much interest for the general public unless they provide full anonymity, the deputy governor of Mexico’s central bank has argued. The executive’s remarks were published […]
Continue Reading
Central Bank of Germany representative Burkhard Balz says that cryptocurrencies do not pose a threat to financial stability. Central Bank of Germany representative Burkhard Balz said that cryptocurrencies do not pose a threat to financial stability during a talk at the European Parliament reported a post published on the institution’s website on July 9. Burkhard […]
Continue Reading
China should learn from Hong Kong and Facebook as it develops its own sovereign digital currency, a former central bank governor says. A former governor of the People’s Bank of China (PBoC) has indicated that Beijing may delegate the issuance of digital currency to commercial entities, the Hong Kong-based South China Morning Post newspaper reported on July 11. Zhou Xiaochuan, […]
Continue Reading
Spanish law enforcement pointed out that Bitcoin ATMs show a gap in European Union’s anti-money laundering regulation. Spanish law enforcement pointed out that Bitcoin (BTC) automated teller machines (ATMs) show a gap in European Union’s Anti-Money Laundering (AML) regulations, Bloomberg reports on July 11. Per the report, Spanish police uncovered a local gang that used […]
Continue Reading
Political commentators have seized the moment to probe the crypto political campaign donation trend in the United States. As one of only two crypto-accepting Democratic primary hopefuls withdraws his candidacy, political commentators have seized the moment to probe the crypto campaign donation trend. A report published by business media site Fast Company on July 10 […]
Continue Reading
The gold bug has agreed to a head-to-head in order to defend gold’s superiority over the largest cryptocurrency. Veteran gold bug Peter Schiff will debate the precious metal’s utility against Bitcoin (BTC) in a dedicated event with Anthony Pompliano, the latter confirmed on Twitter July 10. Pompliano, the co-founder and partner at Morgan Creek Digital […]
Continue Reading
Companies such as Google and Amazon will launch a product in the crypto industry, say Gemini co-founders. Digital currency will form part of all four FANG companies’ offerings by 2021, Tyler and Cameron Winklevoss told CNBC in a new interview on July 9. Speaking about Facebook Libra, the twins, who co-founded cryptocurrency trading platform Gemini, […]
Continue Reading
U.S.-based payments startup Fold has made Lightning Network payments possible at Amazon, Starbucks, Uber and other big name retailers. United States-based payments startup Fold has made Lightning Network (LN) payments possible at Amazon, Starbucks, Uber and other big name retailers. The news was revealed in an official blog post published on July 10. As previously […]
Continue Reading
Experts and Lawmakers call for caution over potential risks of Facebook’s Libra cryptocurrency to the global financial industry. Facebook’s unveiling of its Libra cryptocurrency has generated a lot of attention in the financial world, as well as in the crypto space. So far, the company has announced that its Libra blockchain network will be launched […]
Continue Reading