World Bank & IMF Back CBDC Development
The World Bank and the International Monetary Fund (IMF) have come together to discuss the benefits realized from adopting central bank digital currencies (CBDCs). The two financial institutions discussed CBDC adoption during the G20 summit. The joint report was also backed
Bank of America Plans For Growing Interest In Crypto
Bank of America is putting together a team that will research cryptocurrencies. As one of the largest banks in the US, this move will increase the rate at which Wall Street firms are unveiling crypto services to meet the growing
China Orders Closure of Software Company For Crypto Trading
China’s Central Bank has ordered the closure of a software company based in Beijing for allegedly involving itself with crypto trading. The recent announcement seeks to enforce the crypto restrictions imposed in the country. Authorities in the country ordered the immediate
RippleX Partners With Mintable For NFT Marketplace
Ripple started out the month of July with a huge announcement about a strategic partnership with Mintable. Mintable is an NFT marketplace where users can develop, purchase and trade digital collectables using fiat currencies or digital assets. This partnership will enable
Mexico Central Bank Issues Warning To Lenders Offering Crypto Services
The Mexican Central Bank has stated that financial institutions should not offer crypto assets. Financial authorities have also issued a warning to firms offering cryptocurrency services stating they will be prone to sanctions. A joint statement on the matter was tabled
Binance Ends Services In Ontario
BinanceUS - Buy Bitcoin in U.S. Binance, the largest crypto exchange by volume, has announced it will be halting its offerings in Ontario. In a statement provided on the Binance website, the exchange stated that “As part of our continuing compliance efforts,
Bitcoin Hashrate Hits 8 Month Low Amid China Crackdown
China’s crackdown on mining operations seems to have negatively impacted the prices of Bitcoin and the broader crypto market. The crackdown has also led to a drop in Bitcoin’s hashrate and after several mining companies halted their operations in the country,
Coinbase Pro Adds Polkadot
Coinbase seems to be expanding the number of tokens available on the platform. Just a few days after adding Dogecoin to its list of tradable tokens, the exchange has now offered Polkadot to the list of supported assets on Coinbase
Tanzania Shows Optimism About Adopting Cryptocurrency
The Tanzanian Central Bank has stated that it works closely with the country’s president, Samia Suluhu Hassan, towards adopting cryptocurrencies. According to reports, the president had issued a directive urging relevant stakeholders to prepare to accept cryptocurrencies. The recent show of
El Salvador’s Opposition Party Files Lawsuit Claiming Bitcoin Law Unconstitutional
After creating history by becoming the first country to accept Bitcoin as legal tender, El Salvador is off to a rough start. The bold move made by the country’s president, Nayib Bukele, has been facing opposition on many fronts. The most