Month: January 2023

Mexico’s digital peso delayed, unclear launch date

Mexico’s central bank digital currency (CBDC) development is still in an initial phase, and it is unlikely to be ready for launch by 2024.  According to local media reports, Mexico’s central bank, known as Banxico, is currently working on legal, administrative, and technological requirements for the peso’s digital version. The first of three stages for the proposed launch timeline. In December 2021, the local government announced its plan to introduce a national digital currency, noting on a Twitter post that the “new technologies and next-generation payment infrastructure” would improve Mexico’s…

The Opportunities and Challenges in 2023: Join FAMEEX’s AMA Space to Know More

Place/Date: – January 8th, 2023 at 7:22 pm UTC · 3 min read Source: FAMEEX Is BTC expected to surpass 30,000 USDT in 2023? FAMEEX is offering 1000 USDT rewards and collaborating with 8 projects to host a Twitter Space event on January 9. Following the bear market crash in the cryptocurrency market in 2022, BTC supporters and crypto investors are still reeling from their losses. Where do you think BTC will go in 2023? Will Web3 be able to bring about a resurgence in the crypto market? Will DAO…

Report Claims U.S. Prosecutors Investigate Hedge Funds in Connection with Binance Dealings  – Bitcoin News

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Federal prosecutors are reportedly investigating U.S.-based hedge funds that have dealt with the cryptocurrency exchange Binance, according to two people familiar with the matter. The hedge funds were allegedly issued subpoenas by the U.S. attorney’s office for the Western District of Washington. Sources Say U.S. Department of Justice Probes American Hedge Funds in Cryptocurrency Investigation Following a Reuters report in mid-December 2022 that said Binance is being probed by the U.S. Department of Justice, a report from The Washington Post claims American hedge funds are being investigated as part of…

Digital Currency Group under investigation by U.S. authorities: Report

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Crypto conglomerate Digital Currency Group, or DCG, are under investigation by the United States Department of Justice’s Eastern District of New York (EDNY) and the Securities and Exchange Commission (SEC), according to a Bloomberg report.  The authorities are digging into internal transfers between DCG and its subsidiary crypto lending firm Genesis Global Capital, noted the report citing people familiar with the matter. Prosecutors have already requested interviews and documents from both the companies, while the SEC is running an early-stage similar inquiry. As of yet, no indictment has been brought…

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Experts Predict Record Highs for Precious Metal – Bitcoin News

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Gold is on the rise in 2023 and in the first week of the new year alone, the precious metal has jumped 2.36% against the U.S. dollar. Over the past 65 days, gold has soared 14.55% while silver has skyrocketed 22.31% against the greenback since Nov. 3, 2022. According to the head of metals strategy at MKS Pamp Group, there is a “decent amount of bullish ‘pent-up’ demand that has been carried over from last year” for gold. Central Bank Demand and Ongoing Geopolitical Tensions Continue to Drive Gold’s Ascent…