Tag: Cash

UK’s digital pound would modernize payments but won’t replace cash: Minister

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The Bank of England (BoE) and U.K. Treasury are gearing up plans to create a digital currency that could “provide a new way to pay” without necessarily replacing cash. On Feb. 7, a joint consultation paper on Central Bank Digital Currencies (CBDCs) is set to drop, with the BoE and Treasury seeking feedback on how, and if they should proceed with building a CBDC. In a Feb. 6 public statement, Finance Minister Jeremy Hunt indicated that the two entities would seek to develop a modernized digital payments system that doesn’t…

Bitcoin premium hits 60% in Nigeria as it limits ATM cash withdrawals

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The price of Bitcoin (BTC) in Nigeria has skyrocketed to well above market levels amid continued efforts by the central bank to push its citizens into digitalized cash. At the time of writing, the price of 1 BTC on Nigerian crypto exchange NairaEX is currently 17.8 million Naira, equating to a whopping $38,792. This represents more than a 60% premium over the current market price of Bitcoin, which is around $23,700 at the time of writing. It comes as the Central Bank of Nigeria has continued to impose limits on…

Roger Ver, ‘Bitcoin Jesus’ Turned Bitcoin Cash Advocate, Says He Has Money to Pay Crypto Lender Genesis, Now in Bankruptcy

“I have sufficient funds on hand to pay Genesis the sums allegedly owed, and I’m happy to pay what I actually owe,” wrote Ver, who now advocates for the Bitcoin Cash (BCH) blockchain. “However, Genesis was required by our agreement to remain solvent – as Genesis can’t ask its clients to play a ‘Heads clients lose, tails Genesis wins’ game.” Source

Raydium exploiter moves $2.7M to crypto mixer Tornado Cash

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In an alert, blockchain security firm CertiK reported that the Raydium protocol exploiter had sent 1,774.5 Ether (ETH) to the mixer. The amount is worth around $2.7 million at the time of writing. While security teams from various exchanges continue to combat the efforts of hackers, funds continue to flow to the sanctioned cryptocurrency mixer Tornado Cash.  #CertiKSkynetAlert We are seeing ~1,774.5 ETH (~$2.7M) being deposited into @TornadoCash from the Raydium exploiter 0xb98ac as labeled on https://t.co/lb2v6r8c4s. Stay vigilant! pic.twitter.com/JVqWAw9MVO — CertiK Alert (@CertiKAlert) January 19, 2023 The attack on…

Bitcoin Cash (BCH) Kickstarts Rally with 10% Price Gains, Ahead of May 2023 Hard Fork

The Bitcoin Cash hard fork ahead this year will bring added security and privacy to the network with CashTokens enabling decentralized applications (Dapps) to run. The price of Bitcoin Cash (BCH), the native crypto of the first offshoot of the Bitcoin blockchain, has shot up by more than 10% in the last 24 hours. As of press time, BCH is trading at a price of $120 with a market cap of $2.37 billion. The latest rally in the BCH also coincides with the broader pump in the altcoin space this…