Tag: Digital

Central Bank Digital Currency Transactions to Reach $213 Billion Annually by 2030, Research Shows – Featured Bitcoin News

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A new study shows that payments via central bank digital currencies (CBDCs) are expected to reach $213 billion annually by 2030. Furthermore, 92% of the total value transacted via CBDCs will be paid domestically, the research found. $213 Billion Annually Research and market intelligence firm Juniper Research published a report on central bank digital currencies (CBDCs) Monday. The firm wrote: The value of payments via CBDCs (central bank digital currencies) will reach $213 billion annually by 2030; up from just $100 million in 2023. This radical growth of over 260,000%…

Crypto bank Anchorage Digital cuts 20% of staff citing regulatory uncertainty

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Crypto bank Anchorage Digital announced it would be letting go of 75 employees, representing approximately 20% of its workforce, citing regulatory uncertainty in the United States as a factor in its decision. In a March 14 statement labeled the layoffs as “a strategic realignment to better focus our resources,” and pointed to “broad macroeconomic challenges, and crypto market volatility” as other factors contributing to its shift in strategy. It said the market conditions had boosted demand for its product and client assets under custody “are at an all-time high,” but…

BlockFi Bankruptcy Attorney Describes Digital Assets Lender as Safe amid Silicon Valley Bank Crisis

Christine Okike said BlockFi remains safe and looked to access significant cash held with Silicon Valley Bank yesterday.  Despite the Silicon Bank exposure, a BlockFi bankruptcy lawyer maintains that the digital asset lender is safe and in no immediate danger. The lawyer, Christine Okike, stated that the embattled New Jersey-based company also has sufficient funds to continue normal operations. As Okike of Kirkland & Ellis said on behalf of BlockFi at a Monday bankruptcy hearing: “BlockFi is fine; we have access to cash to operate in the normal course, including paying employees…

Study Shows QR and Digital Payments Continue Gaining Ground in Argentina – Fintech Bitcoin News

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A recent study made by Fiserv, a global payments company, shows that QR and digital wallets have grown significantly as payment options in Argentina. While credit card preference has stagnated, the use of cash for payments has decreased, with only 14% of the polled choosing to use it over other options in the country. Argentina Goes Digital in Payments Arena Argentines are slowly turning to digital payments, including QR code and digital wallet transfers, as part of their everyday arsenal to settle payments, according to a recent study made by…

NFT Artist Beeple Opens Digital Art Gallery in Charleston

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EU Merchants Could Be Required to Accept Digital Euro, Ministers Told

Legal tender status “would imply a legal obligation for (certain) payees to accept payments in digital euro … thereby increasing its network effects, and potentially affecting its distribution,” said the document, drafted by the secretariat of the Eurogroup, which brings together finance ministers from the 20-nation currency area, ahead of a monthly meeting Source

Binance US, Alameda, Voyager Digital and SEC — the ongoing court saga

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Over the last year, a series of court cases have struck the crypto industry. Bankruptcy, liquidity issues and fraud have caused the industry to fall under the microscope of regulators around the world. The former cryptocurrency brokerage company Voyager Digital, Alameda Research – the investment arm of FTX- and cryptocurrency exchange Binance have been among some of the major entities dealing with the United States Securities and Exchange Commission in the battle over assets and owed funds. As the new year has continued on, so have many of these cases.…

Bank of Russia Registers Another Digital Asset Issuer – Finance Bitcoin News

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The Central Bank of Russia has added another entity to its register of authorized issuers of digital financial assets. The platform, called ‘Masterchain,’ becomes the fifth ‘information system operator’ in the country that can legally tokenize traditional assets and organize their trade. Number of Licensed Digital Asset Issuers in Russia Grows to Five The Central Bank of Russia (CBR) has included the company Distributed Registry Systems, with its Masterchain platform, to the register of operators of information systems which can be used to issue digital financial assets (DFAs), the business…