Day: June 22, 2022

Qatar Central Bank in ‘foundation stage‘ of launching digital currency

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The 2.8-million nation of Qatar is going to join a growing range of countries, experimenting with the central bank digital currency (CBDC) concept. The Qatar Central Bank (QCB) is currently “in the foundation stage” of issuing its digital currency.  On June 21, during the “Inflation Test” session at the Qatar Economic Forum, QCB Governor Sheikh Bandar bin Mohammed bin Saoud Al Thani revealed that the bank is working to find technological solutions for its CBDC. Right now the project is in its early stage, Al Thani specified: “Many central banks…

Bitcoin price wicks below $20K as whales send 50K BTC to exchanges

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Bitcoin (BTC) saw a dramatic change of mood into June 22 as multi-day highs gave way to a fresh dive under $20,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC could see accumulation below key trendline Data from Cointelegraph Markets Pro and TradingView showed BTC/USD abruptly halting its latest gains to hit lows of $19,947 on Bitstamp. The largest cryptocurrency had passed $21,700 the day before, its best performance since June 16, but momentum waned during Wall Street trading. For popular trader and analyst Rekt Capital, there was danger in…

Roxe Holding in talks for listing on Nasdaq via $3.6B SPAC deal

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Goldenstone Acquisition Ltd, a special-purpose acquisition firm (SPAC), has announced plans to go public with blockchain-based payments firm Roxe Holding Inc. As per the Wednesday announcement, the SPAC has agreed to a $3.6 billion merger with the global blockchain payments firm, which will see Roxe listed on the Nasdaq under the ticker ROXE. Roxe is a global payments company that offers both business-to-business and consumer payments services, with a focus on blockchain technology. According to a Reuters report, citing insider sources, no current stockholders of Roxe are planning to sell…

Ukraine Raises Over $100,000 From Cryptopunk NFT Sale – Bitcoin News

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The government of Ukraine has sold a Cryptopunk NFT donated in support of the war-torn country a few months ago. The token has been purchased by an unidentified buyer who spent more than $100,000 in ethereum for the collectible, the country’s digital transformation ministry said. Ukraine Government Sells Donated Cryptopunk Token for 90 ETH Ukrainian authorities have raised over $100,000 from the sale of a Cryptopunk non-fungible token (NFT), Minister of Digital Transformation Mykhailo Fedorov and his deputy, Alexander Bornyakov, announced on social media. The unique collectible was acquired by…

Blockchain Payments Firm Roxe to List Via $3.6B SPAC Deal

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

Crypto Market Crash Pauses Commercial Deals With Sports Firms

The current downtrend of the crypto market has negatively affected financial institutions, particularly those dealing with digital currencies. Currently, some firms are beginning to feel the heat from a different angle. This involves sponsorship deals between these digital currency companies and sports teams. This is particular to the crypto firms that have already spent hundreds of millions on the matter. The Crypto Winter Takes Hold As of 2021, the news reported that many digital currency firms invested billions of dollars in sponsoring sports. These companies had believed that the same…

Crypto resonates better with BIS’ vision of ideal monetary system

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In its continued efforts to identify the ideal future monetary system, The Bank of International Settlements (BIS) revealed the edge of the crypto ecosystem over the present-day fiat economy when it comes to fulfilling the policy goals.  While sharing its vision for the future monetary system, the BIS outlined eight high-level goals it hopes to achieve — safety and stability, accountability, efficiency, inclusion, user control over data, integrity, adaptability and openness. In its study, BIS found the crypto ecosystem outweighs the traditional finance when it came to broadly fulfilling the…

Bitcoin Miner Iris Energy Increases 2022 Hashrate Estimate to 4.3 EH/s

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

Episode 30: How Blockchain Technology can Fight Poverty, with Cardano’s Charles Hoskinson

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Charles Hoskinson is one of the biggest names in crypto-currency. Charles was a co-founder of Ethereum and founder of the Cardano blockchain. The Cardano blockchain has been involved in development projects in Ethiopia and other African countries. As Conservative Shadow Minister for International Development, I wanted to bring Charles on to discuss the exciting potential in this technology for promoting development and fighting poverty around the world. Whether you’ve been following discussions on blockchain and crypto-currency or not, you’ll learn a lot…