Tag: Digital

Russia to Work With Digital Currencies of Other Nations – Finance Bitcoin News

The platform developed for the digital ruble will be able to operate with different state-issued digital currencies, the Bank of Russia said. Mechanisms for interaction with digital coins minted by the central banks of other countries are already under development, the monetary authority unveiled. Digital Ruble Platform to Support Integration With Other CBDCs, Bank of Russia The system underpinning the issuing and circulation of Russia’s central bank digital currency (CBDC) may well work with the digital legal tenders of other nations, representatives of the Russian monetary policy regulator indicated this…

Digital Currency Powering Healthier Planet

The GroveToken protocol has a number of innovative products and services that are designed to return maximal value to all of its users.  Every digital currency has its basic fundamentals and one of the emerging projects in the space GroveToken is aiming at making the world greener and more sustainable. The GroveToken is designed to be a different crypto project with respect to its core investments and ecosystem focus. While many blockchain protocols are solely hinged toward the benefit they have to offer their community, the GroveToken project is first…

Mattel joins forces with Rarible and Flow to launch P2P digital collectibles marketplace

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Mattel has partnered with the Rarible NFT platform and Flow blockchain to launch a peer-to-peer (P2P) digital collectibles marketplace for its users. The NFT marketplace is scheduled to go live on April 27. Mattel unveils P2P NFT marketplace  Mattel Inc., an American multinational toy manufacturer established in 1945, has launched its P2P digital collectibles marketplace to complement the Mattel Creations Virtual Collectibles platform.  The new digital collectibles marketplace, developed in collaboration with Rarible, Magic, and Flow,…

United States to Float New Crypto Legislation Aimed at Restructuring Digital Assets Market

Patrick McHenry and Glenn Thompson are at the forefront of the new market structure effort. United States’ first major crypto legislation is currently in the works and from all indications, might even not be far from becoming law. In line with this, members of the House and Senate are already working in collaboration to make the new rules. Proponents of the new rules will seek to prioritize the concerns of top regulators and put them into consideration. Recall, for instance, that the Commodities Futures Trading Commission (CFTC) and the Securities…

A brief history of digital banking

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Digital banking, also known as online banking or e-banking, refers to the delivery of financial services through digital channels such as the internet, mobile devices and automated teller machines (ATMs). Digital banking has become increasingly popular in recent years, but its origins can be traced back several decades. Here’s a brief history of digital banking. Early automation (1960s to 1980s) The first forms of digital banking can be traced back to the 1960s, when banks began using mainframe computers to automate various banking functions such as check processing and customer…

U.S. Government Allows $1B Deal Between Bankrupt Crypto Lender Voyager Digital and Changpeng Zhao’s Binance.US to Proceed

“The plan and confirmation order contemplate certain transactions and other steps, including making certain distributions to Debtors’ account holders… the parties agree that these transactions may go forward while this appeal is litigated and resolved,” said the document, which is signed by a U.S. Attorney and U.S. Trustee – a Department of Justice official concerned with bankruptcy matters – as well as by lawyers for Voyager and its creditors, but has not yet been agreed by Judge Jennifer Rearden. Source

Sotheby’s will auction off part of 3AC’s digital art collection

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Sotheby’s auction house said it will be selling off a digital artwork collection formed as part of collapsed crypto hedge fund Three Arrows Capital, or 3AC. In an April 19 announcement, Sotheby’s said it would auction off nonfungible token, or NFT, artwork assembled as part of 3AC’s digital portfolio in 2021. The firm will begin the auction with sales of seven NFTs that are part of the ‘Grails’ collection in May, described as “some of the highest quality and rarest works,” according to Sotheby’s head of digital art Michael Bouhanna.…

European Parliament report recommends researching, but not launching, digital euro

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An analytical paper released by the European Parliament Committee on Economic and Monetary Affairs has given the digital euro a mixed review. The title of the paper summed up its position: “Digital Euro: When in doubt, abstain (but be prepared).” The paper was written at the request of the parliamentary committee by economist Ignazio Angeloni to assess the preparations for the launch of a digital euro. Angeloni looked at ten issues that a “prospective digital euro” (PDE) will face, concentrating on their downsides. Related: US wholesale CBDC has ‘promise,’ Fed…