Tag: Digital

Russia to Trial Digital Ruble Settlements for Real Estate Deals – Bitcoin News

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The Central Bank of Russia and participating commercial banks want to test various types of payments with the digital ruble, the Russian press reported. The plan is to experiment with smart contracts and transactions related to real estate and crypto asset purchases. Bank of Russia to Launch Smart Contracts on Digital Ruble Platform Russia’s central bank intends to start implementing smart contracts with the digital ruble next April, the daily Izvestia unveiled this week, quoting the regulator. Until then, the new incarnation of the national fiat will be put to…

Voyager Digital Plunges on Three Arrows Exposure, Analyst Downgrade

“The 3AC exposure raises survivability questions for VOYG,” Chris Allen, an analyst with boutique investment bank Compass Point said in a note to clients Wednesday. “With 3AC contemplating asset sales or a rescue by another firm , it is unclear if the fund will be able to repay its outstanding loans and even if it somehow has the capacity to do so, we would expect it to take an extended amount of time.” Allen has a neutral rating on Voyager’s shares along with a price target of $6 (C$8). Source…

Central Bank of Qatar in “Foundation Stage” of Issuing Its Digital Currency

Qatar’s Central bank is exploring technological solutions and platforms to launch its digital currency. Qatar, with a population of 2.8 million, is about to join the growing list of countries adopting the central bank digital currency (CBDC) concept. In the latest development, the Qatar Central Bank (QCB) has started the foundation stage of issuing its digital currency. QCB Governor Sheikh Bandar bin Mohammed bin Saoud Al Thani explained that the bank is currently working to find technological solutions for its digital currency. He said this during the “Inflation Test” session…

US lawmaker lays out case for a digital dollar

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Connecticut House of Representatives member Jim Himes has released a proposal aiming to start a dialogue on the United States potentially launching a central bank digital currency, or CBDC. In a white paper released on Wednesday, Himes urged Congress to begin exploring the rollout of a digital dollar issued by the Federal Reserve to prevent the government from falling behind in innovations in financial technology. According to the U.S. lawmaker, a CBDC “should not be thought of as replacing legacy payment systems and currencies but as an additional alternative for…

US Fed Evaluating SEC’s Position on Digital Assets Custody, Powell Says

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…

Bit Digital Production Slump Continued Into Q1, Strikes Deals With Coinmint, Riot to Increase Hashrate

Bit Digital has moved to recover its hashrate in the second quarter of the year. On June 7, it signed a colocation agreement with Coinmint, leasing hashrate for at least one year. Under the deal, Bit Digital will pay for operating costs, including electricity and a fee of 27.5% of profit to Coinmint. On June 9, it signed a hashrate swap agreement with Riot Blockchain (RIOT), under which Bit Digital’s factory-new miners were swapped for Riot’s operational machines, hosted at a Coinmint facility in Massena, New York. BTBT will receive…

Digital Dollar Would Secure Greenback as Global Reserve Currency, Lawmaker Argues

“A U.S. CBDC would have advantages over privately issued stablecoins and crypto‐assets, most notably the ability to be backed by the full faith and credit of the U.S. government, like traditional cash, and would provide holders with a degree of safety that may not be offered by privately issued stablecoins because of the risk associated with sponsors’ reserves,” the document said. Source

Voyager Digital Requests Loan Repayment From 3AC, Considers Issuing Default Notice

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…

Qatar Central Bank in ‘foundation stage‘ of launching digital currency

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The 2.8-million nation of Qatar is going to join a growing range of countries, experimenting with the central bank digital currency (CBDC) concept. The Qatar Central Bank (QCB) is currently “in the foundation stage” of issuing its digital currency.  On June 21, during the “Inflation Test” session at the Qatar Economic Forum, QCB Governor Sheikh Bandar bin Mohammed bin Saoud Al Thani revealed that the bank is working to find technological solutions for its CBDC. Right now the project is in its early stage, Al Thani specified: “Many central banks…

Citibank Chooses Swiss Firm Metaco for Digital Asset Custody

“We are witnessing the increasing digitization of traditional investment assets along with new native digital assets. We are innovating and developing new capabilities to support digital asset classes that are becoming increasingly relevant to our clients,” said Okan Pekin, Global Head of Securities Services at Citi in a statement. Source