โถ Coinbase Website: Coinbase.com โถ CEX Website: cex.io Customers at top US crypto exchange Coinbase could soon trade their digital assets with a euro-backed stablecoin. โถ Coinbase Website: Coinbase.com โถ CEX Website: cex.io Youtube version
Day: March 2, 2023
Arbitrum DEX ArbiSwap Rug Pulls Users for Over $100K
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…
Hong Kong citizens not interested in digital yuan: Reports
The Chinese governmentโs beloved project of central bank digital currency (CBDC) has not sparked much enthusiasm in the citizens of Hong Kong. In the first four days since the โdigital yuanโ (also known as โe-CNYโ) hard wallets became accessible to the islanders, only 625 Hongkongers had actually obtained them.ย As reported by the local newspaper on Feb. 28, the city of Shenzhen installed the machines, dispensing the hard wallets for digital yuan, the first of a kind in the whole country. Due to the cityโs unique location as a gateway…
Dubaiโs Crypto Industry Welcomes New Licensing Regime Amid Global Regulatory Uncertainty
โIt’s not something that’s prescriptive, because you do need, in this industry, to be slightly flexible, insofar as itโs a fast-paced, fast-moving industry. So if you’re very prescriptive in nature, you could probably expect it to be something that was out of date as soon as you wrote it,โ Swartz said, adding that DLA Piper worked on the package for nine months, and had been tracking Dubaiโs regulation of the sector even before formally engaging with VARA. Source
Mastercard and Other Industry Leaders Join RBA in Testing Digital Dollar Use Cases in Australia Australiaโs central bank is taking steps towards a more digitized economy by partnering with industry representatives to test the use cases for a digital dollar, the eAUD. The Reserve Bank of Australia (RBA) is currently conducting a pilot project which will explore various areas of use for a central bank digital currency (CBDC). The projects range from bond settlement and securities trading to offline payments. The RBAโs Assistant Governor, Mr. Brad Jones, stated that the people who participated in the pilot projects involve a diverse range of field representatives, including small fintech and large financial institutions. Several entities, including the Commonwealth Bank, Australia and New Zealand Banking Group Limited (ANZ), Monoova, the Australian Bond Exchange, Mastercard, DigiCash, and others, are collaborating with the RBA on various pilot projects. One of the pilot projects aims to test whether smart cards preloaded with money could activate offline payments. This project will aim to work on a consumer-to-merchant system, enabling users to conduct transactions even without an internet connection. A separate initiative explores the potential of utilizing the USDC coin to simplify all foreign exchange trades and cross-border money transfers.The objective is to experiment with carrying out global remittances around the clock, every day of the year, with an emphasis on minimizing counterparty risks. Central banks worldwide are pursuing digital currency experiments, and the RBA’s initiative is among them. The RBA expects to complete its CBDC pilot by mid-2023. The pilot, along with the broader research study, will serve two purposes. It will contribute to hands-on learning by the industry and policymakersโ understanding of how a CBDC could benefit the Australian financial system and economy. The RBAโs CBDC pilot has the potential to revolutionize the Australian financial system and open up new opportunities for businesses and individuals. As the world moves towards a more digitized economy, central bank digital currencies will play an increasingly significant role in financial systems worldwide.
Australiaโs central bank is taking steps towards a more digitized economy by partnering with industry representatives to test the use cases for a digital dollar, the eAUD. The Reserve Bank of Australia (RBA) is currently conducting a pilot project which will explore various areas of use for a central bank digital currency (CBDC). The projects range from bond settlement and securities trading to offline payments. The RBAโs Assistant Governor, Mr. Brad Jones, stated that the people who participated in the pilot projects involve a diverse range of field representatives, including…
IOST Network’s Token Surges Over 8% on Deal With Amazon Web Services
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…
Nubank to Roll Out Nucoin to Brazilian Customers
Customers who receive the loyalty tokens will be able to decide how they want them to be used, with several options available. Brazilian neobank Nubank has unveiled plans to roll out its token, Nucoin, to its Brazilian customers. The bank, which has over 70 million customers in Brazil alone, first announced the free token in October 2022. At the time, Nubank noted that it would partner with Polygon blockchain to create its loyalty token while tapping into the power of a decentralized web3 ecosystem. The bank tipped that it would…
Australia Partners with Payment Giant Mastercard, Others to Test CBDC
The RBA is set to explore various use cases for its central bank-issued digital currency (CBDC). The Reserve Bank of Australia (RBA) has confirmed that it is teaming up with payments company Mastercard as the testing phase of its CBDC, digital dollar โ the eAUD, gets underway. According to the RBA, it is set to explore various use cases for its central bank-issued digital currency (CBDC), which will include offline payments, securities trading, and bond settlement among others. To do this, the RBA is launching a series of pilot projects.…
Salesforce (CRM) Stocks Jumps 15% in Pre-Market after Sharing Impressive Q4 2023 Revenue Figures
Salesforce has doubled down on its share buyback program which it commenced last year and said it will be committing the sum of $20 billion to the initiative. The shares of the American cloud-based software company Salesforce Inc (NYSE: CRM) are leading Wall Street momentum today as it jumps 15.79% in the Pre-Market following its recently announced performance and revenue figures. The company reported $8.38 billion in revenue for the Fourth Quarter of the 2023 Fiscal year ended on January 31. This revenue is up by 14% year-over-year and it…
“Crypto Education on The Go! ” (Passive Income 101)โถ๏ธ๐ฅ๐คฏ #bitcoin #ethereum #cryptocurrency #shorts
โถ Coinbase Website: Coinbase.com โถ CEX Website: cex.io Day Two and part 12/15 of the Passive Income Avengers. This week Mining and Farming. โถ Coinbase Website: Coinbase.com โถ CEX Website: cex.io Youtube version