Tag: News

US Central Bank’s Fednow Payment Service to Launch in July, Economist Calls Timing ‘Suspicious’ – Economics Bitcoin News

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According to the U.S. Federal Reserve, the central bank’s Fednow payment service will start operating in July, and participants will be certified in April to leverage the Fednow Pilot Program. Ken Montgomery, the Fednow program executive, is urging American financial institutions to make preparations to join the central bank’s new payment service. Economist Richard Werner, however, believes the timing of the Fednow rollout is “suspicious,” and he suggests that “maybe it’s all about rolling out” a central bank digital currency (CBDC). Fednow Payment Service Prepares to Facilitate Instant Payments, Economist…

XRP Surges to Strongest Point Since November – Market Updates Bitcoin News

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Xrp moved to its highest point since November, as markets reacted to news suggesting a verdict could be near in Ripple’s case with the Securities and Exchange Commission (SEC). Cardano was also higher on Wednesday, hitting a one-month high. XRP rose to its highest point since November, as markets continued to react to the latest news surrounding Ripple’s case with the SEC. Following a low of $0.4199 on Tuesday, XRP/USD raced to an intraday high of $0.4914 earlier in today’s session. This is the strongest point that the token has…

Vladimir Putin Says Russia Wrote Off African Countries’ Debts Totaling Over $20 Billion in 2022 – Africa Bitcoin News

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African countries’ debts totaling more than $20 billion were written off in the past year, Russian President Vladimir Putin said on March 20. Putin also revealed that trade between Russia and Africa had nearly reached $18 billion by the end of the year. According to the Russian leader, the majority of the world is opposed to the West’s “neo-colonial” ideology. Putin Wants Trade Between Russia and Africa Bolstered According to Russian President Vladimir Putin, in 2022 Moscow wrote off debts of African countries that totaled over $20 billion. During the…

Onecoin Head of Legal and Compliance Charged for Role in Crypto Pyramid – Bitcoin News

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Authorities in the U.S. have announced charges against a former Onecoin executive for her alleged role in the notorious crypto pyramid scheme. Bulgarian national Irina Dilkinska, who was extradited on Monday, may face up to four decades in prison if found guilty on counts of fraud and money laundering. Bulgarian Woman Handed Over to US to Face Charges Related to Onecoin Judicial and law enforcement officials in the U.S. have pressed charges against a 41-year-old woman in connection with her participation in Onecoin, one of the largest scams in crypto…

BTC Nears Fresh 9-Month High as Fed Meeting Looms – Market Updates Bitcoin News

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Bitcoin moved closer to a fresh nine-month high on Wednesday, as markets prepared for today’s Federal Reserve interest rate decision. The Fed is expected to hike rates by 0.25%, despite inflation falling last month to 6%. Ethereum briefly rose above $1,800 in today’s session. Bitcoin Bitcoin (BTC) closed in on a fresh nine-month high in today’s session, as markets continued to anticipate today’s Federal Reserve rate decision. Following a low of $27,785.11 on Tuesday, BTC/USD surged to an intraday peak of $28,439.56 earlier in today’s session. The move sees bitcoin…

Blockchain Games Key to Onboarding a ‘Critical Mass of Users Onto Web3’ — Claudio Riff – Interview Bitcoin News

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According to Claudio Riff, the CEO of Pooky, a sport prediction game powered by blockchain, gaming may be one of the more effective ways of getting users to experience the potential of blockchain and Web3 without dealing with the associated complexities. Onboarding People to Web3 Through Gaming Pointing to the gaming industry’s appeal and reported market value of over $200 billion in 2021, the CEO of Pooky postulated that having more blockchain-based games could potentially help “onboard a critical mass of users onto Web3.” In written responses sent to Bitcoin.com…

Undeads Announces the Prize Pool of MAYC, BAKC and Otherdeed NFTs for It’s Holders – Press release Bitcoin News

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press release PRESS RELEASE. Dubai, UNITED ARAB EMIRATES, March. 22nd, 2023, Undeads Metaverse, a highly anticipated AAA Web3 game, is excited to announce a competition for Undeads NFT holders. The competition will be broken down into three prizes. The first prize is the coveted MAYC NFT, while the second prize is the Bored Ape Kennel Club NFT. The third prize is the Otherdeed NFT. Each prize is worth fighting for, as all three NFTs are blue-chip digital assets that any NFT collector would love to have in their portfolio. A…

Central Bank of Venezuela Lags in Delivering Economic Data, Experts Fear Upcoming Hyperinflation – Economics Bitcoin News

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The Central Bank of Venezuela is lagging when it comes to delivering economic data this year, failing to publish the inflation numbers for the last four months. Venezuelan economists believe this delay might mean that the country is starting to enter a new hyperinflation period, with the government trying to hide it by not offering up the figures. Central Bank of Venezuela Owes Public Four Months of Economic Data The Central Bank of Venezuela has not published the economic data corresponding to the last four months, making economists worried about…

Crypto Exchange Bitzlato Restores User Access to Half of Bitcoin Balances, Report – Exchanges Bitcoin News

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Bitzlato users can now partially withdraw their bitcoin funds from the dismantled cryptocurrency exchange, according to a media report. The Russia-linked trading platform was targeted by Western law enforcement and had its France-based server infrastructure seized in January. Bitzlato Customers Allowed to Withdraw Up to 50% of Their Bitcoin at the Exchange Users of Bitzlato’s web portal and app can now withdraw a portion of the funds they had with the crypto exchange when it was busted by French and U.S. authorities in mid-January. Since Monday, its clients have access…

Biden Administration’s Economic Report Deems Crypto Assets ‘Mostly Speculative Investment Vehicles’ – Bitcoin News

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On Monday, U.S. president Joe Biden published the administration’s economic report and addressed the subject of cryptocurrencies. The section titled “The Perceived Appeal of Crypto Assets” describes the currencies as “mostly speculative investment vehicles” that are “unbacked” and “traded without fundamental anchors.” The White House insists that crypto assets do not deliver on their promises and do not “perform all the functions of money as effectively as sovereign money, such as the U.S. dollar.” Crypto Assets and Defi Highlighted in Biden Administration’s Economic Report The recently published “Economic Report of…