Tag: Digital

Bank of Russia Accelerates Schedule for Digital Ruble Project – Finance Bitcoin News

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The Central Bank of Russia continues to step up efforts to test and issue the digital ruble, with a roadmap for the full implementation of the new form of the national fiat now expected by the end of 2023. Trials with real transactions and users are scheduled to begin next April, earlier than originally planned. Bank of Russia to Present Digital Ruble Roadmap Next Year The Central Bank of the Russian Federation (CBR) will develop a roadmap for the introduction of the digital ruble by the end of 2023, First…

Bill Imposing Fines for Illegal Issuance and Exchange of Digital Assets Proposed in Russia – Regulation Bitcoin News

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A bill introducing financial penalties for those who illegally issue or exchange digital financial assets has been filed in the Russian parliament. The legislation has been submitted by the sponsor of another draft law banning their use as a means of payment. New Bill Targets Russian Platforms Issuing and Trading Digital Currencies Outside Law Persons and entities illegally issuing digital financial assets (DFAs), the current definition of cryptocurrencies in Russia, will have to pay hefty fines, according to a bill recently submitted to the State Duma, the lower house of…

Digital Toy Platform Cryptoys Raises $23M From a16z, Dapper Labs, Mattel

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…

US Congressional hearing on digital asset regulation focuses on disclosure

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Disclosure was an important theme at a United States House of Representatives hearing on digital asset regulation Thursday. Although chair of the House Agriculture Committee Subcommittee on Commodity Exchanges, Energy and Credit Sean Maloney specified that it would focus on gaps in the oversight and regulation of derivatives and underlying spot markets, the discussion ranged widely.  The Agriculture Committee oversees the Commodity Futures Trading Commission (CFTC), which regulates financial markets along with the Securities and Exchange Commission (SEC). Chainalysis cofounder and chief strategy officer Jonathan Levin said in his testimony…

Voyager Digital cuts withdrawal amount as 3AC contagion ripples through DeFi and CeFi

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The Singapore-based crypto venture firm Three Arrows Capital (3AC) failed to meet its financial obligations on June 15 and this caused severe impairments among centralized lending providers like Babel Finance and staking providers like Celsius. On June 22, Voyager Digital, a New York-based digital assets lending and yield company listed on the Toronto Stock exchange, saw its shares drop nearly 60% after revealing a $655 million exposure to Three Arrows Capital. Voyager offers crypto trading and staking and had about $5.8 billion of assets on its platform in March, according to…

Three Arrows Capital Allegedly Owes Voyager Digital $655M — Crypto Firm Is ‘Unable to Assess’ if It Can Recover the Funds – Bitcoin News

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According to reports, the TSX-listed Voyager Digital is another company that has been negatively affected by financial issues tied to the crypto hedge fund Three Arrows Capital (3AC). In a letter to investors, Voyager’s management explained that 3AC potentially defaulted on a $655 million loan and it hopes to obtain some of the funds by the end of this month. The Three Arrows Contagion: 3AC Owes $655 Million to Voyager Digital — Management Has Set a Repayment Date 3AC’s financial hardships have seemingly started a contagion throughout the crypto industry…

Marathon Digital Cut to Neutral at B. Riley on Bitcoin Price Declines

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For second quarter estimates, the broker forecasts BTC to average approximately $32,522, which is based on an average quarter-to-date price of $33,805 and assumes a $22,000 price for the rest of the quarter. For the third quarter and fourth quarter, B. Riley forecasts BTC to average $25,000 and $30,000, respectively. For 2023 and 2024, it is estimating an average bitcoin price of $34,000 and $45,000, respectively. Original

Voyager Digital Cuts Daily Withdrawal Limit to $10K Amid 3AC exposure

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…

Gucci Invests $25K in DAO of NFT Marketplace SuperRare to Start Digital Art Vault

The exhibition, titled “The Next 100 Years of Gucci,” is a series of collectible art pieces that consider Gucci’s heritage and future. “The vault is Gucci’s digital space,” SuperRare co-founder and chief product officer, Jonathan Perkins, said. “And they’re going to be working with artists and selling art through their space, which will be powered by SuperRare technology.” Source

NHL Partners With Sweet to Offer Digital Collectibles, NFTs

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, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CryptoX employees, including editorial employees, may receive exposure to DCG equity…