Tag: Cash

European Commission Publishes Proposals to Preserve Cash and Create Digital Euro Framework

The European Commission’s proposals for the use of cash and the digital Euro contain similar content as a draft bill leaked earlier in June. The European Union has published proposals that seek to preserve the use of cash in the region, while simultaneously setting a framework for the possible issuance of a digital euro. According to proposals by the European Commission, the aim is to ensure that banknotes and coins are still as accessible as ever while digital options are also supported. The Commission said people in the EU have been…

Bitcoin cash gaining traction, DigiToads presale raises over $5.7 million

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The world of cryptocurrency is constantly evolving, with new trends emerging regularly. Bitcoin, a decentralized digital currency, has gained significant global investment. However, Bitcoin Cash has also made a name for itself as a convenient and affordable medium of exchange. Its supporters strive to make it user-friendly. Bitcoin Cash was created through a hard fork of Bitcoin, meaning they share a common code base and transaction history. With increasing adoption and better scalability, Bitcoin Cash is…

Issuing digital euro, or ‘Cash+,’ is probably a duty, French central banker says

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The digital euro holds something in store for every stakeholder, Governor of the Banque de France François Villeroy de Galhau told commercial bankers on June 22. Disintermediation is not in the works, he said at the Global Official Institutions Conference hosted by French multinational bank BNP Paribas. Before addressing the euro central bank digital currency (CBDC), Villeroy de Galhau began with an explanation of why the banking crisis earlier this year did not affect the eurozone. He credited European regulation and supervision for keeping its banking system safe. He noted,…

Bitcoin Cash leads charge as global crypto markets recover

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Following a downturn that compounded investor angst, the broader crypto market has embarked on a recovery campaign, with bitcoin cash (BCH) leading the charge. This recovery is geared towards reclaiming the losses of the past week. Notably, the global crypto market capitalization has surged by a massive 5.76% in the past 24 hours. Consequently, the market valuation currently stands at $1.13 trillion, its highest value in two weeks. The impressive gains from bitcoin (BTC) and most…

Fear of a digital euro prompts Slovakia to add cash rule to constitution

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Slovakia will codify the right to use cash as a method of payment after a vote to amend the nation’s constitution passed in parliament on June 15.  The new legislation was sponsored by the Sme Rodina party, also known as the “We Are Family” party, and was reportedly drafted as a precautionary measure against the proposed digital euro. Per a report from European news agency Euractiv, legislator Miloš Svrček, one of the legislation’s co-authors, told members of parliament during a debate that the amendment was necessary to protect Slovakia’s financial…

Bitkey Forms Alliance with First Global Partners: Coinbase and Cash App

While announcing Coinbase and Cash App as the new partners, Bitkey referred to some information it passed in March. Bitkey, a self-custody Bitcoin wallet app by Jack Dorsey’s Block, is partnering with Cash App and crypto exchange Coinbase (NASDAQ: COIN). The Bitcoin wallet application announced its first two global partners on June 15, noting that it aims to make self-custody more accessible. In addition to enabling customers to purchase, the alliance assures control over private keys. Previously, former Twitter CEO Jack Dorsey conducted an in-house beta of the Bitcoin self-custody wallet, which…

Crypto lobbyists still fighting to axe ‘unlawful’ Tornado Cash sanctions

The Blockchain Association and the DeFi Education Fund have become the latest industry advocates to file their support of Coin Center’s lawsuit against the United States Treasury over its “unlawful” sanctions aga Tornado Cash. On June 2, the two cryptocurrency industry advocacy groups filed a joint amicus brief in support of Coin Center, arguing that the U.S. sanctions against the crypto mixer Tornado Cash should be dropped. 1/ Today, my colleagues and I at @BlockchainAssn and our partners at @fund_defi filed an amicus brief in support of @coincenter‘s lawsuit against…