New stablecoin, digital asset legislation headed to UK by July

    coingeek 2024-04-17 64429 views Trending
    ​The United Kingdom is getting ready to introduce new legislation for digital assets and stablecoins by June or July 2024, according to Economic Secretary Bim Afolami.Speaking at the Innovate Finance Global Summit in London on Monday, Afolami stated that the government is preparing legislation encompassing stablecoins and a range of digital asset activities.

    Stablecoins gaining traction in cross-border payments: Report

    coingeek 2024-04-16 30369 views Trending
    ​Stablecoins are increasingly gaining traction in cross-border payments, with payment giants like Visa (NASDAQ: V) and PayPal (NASDAQ: PYPL) among those exploring them, a new report claims.

    Bitcoin dominance hits 3-year high as BTC price dip pressures altcoins

    cointelegraph 2024-04-15 78308 views Trending
    Bitcoin scores an accidental multiyear high as BTC price volatility sends altcoins shooting lower.

    Zimbabwe launches new gold-backed currency, but age-old challenges remain

    coingeek 2024-04-12 72136 views Trending
    ​Few countries globally have been bedeviled by currency woes more than Zimbabwe. In the past two decades, the Southern African country has tried five currencies, but none has made its mark. The latest attempt is the Zimbabwe Gold, or ZiG, with the government promising the people that this time, it will be different.

    Hong Kong’s largest digital bank pursues stablecoin issuers

    coingeek 2024-04-11 53573 views Trending
    ​ZA Bank, Hong Kong’s largest digital lender, will now offer dedicated services to stablecoin issuers in the city-state.In a recent announcement, the bank revealed that it’s in talks with eight potential clients about setting up dedicated accounts for the cash reserves they would use to back their stablecoins.

    Central banks explore asset tokenization on BIS unified ledger

    coingeek 2024-04-10 39499 views Trending
    ​Currencies, bank deposits, promissory notes, real estate, and even inventory in supply chains are some of the things businesses, banks, and organizations of all kinds are tokenizing on blockchains.

    Bitcoin bulls nudge at $70K as BTC price sees 'not typical' weekend

    cointelegraph 2024-04-09 72986 views Trending
    Bitcoin is "well positioned" for a strong weekly close, but not everyone is trusting of traditionally unreliable weekend BTC price action.

    AI, blockchain changing methods of banking, India PM says

    coingeek 2024-04-08 78703 views Trending
    ​New technologies like artificial intelligence (AI) and blockchain have completely changed the methods of banking, India’s Prime Minister Narendra Modi said.As a result, the role of cybersecurity has become highly significant in the growing digital banking era. Innovations in fintech will create new methods of banking, he said.

    Argentina to VASPs: Register or shut down

    coingeek 2024-04-07 34804 views Trending
    Argentina has unveiled a new mandatory registry for all virtual asset service providers (VASPs) in a move that has rattled ‘crypto’ anarchists.The Comisión Nacional de Valores (CNV), the top securities watchdog in the Latin American nation, announced the registry recently, noting that it aligns with recommendations from the Financial Action Task Force (FATF).

    CBDC anonymity will impact bank lending: Bank of Canada

    coingeek 2024-04-03 53081 views Trending
    ​Privacy has been the most debated aspect of central bank digital currencies (CBDCs). The focus has been exclusively on how this privacy affects users, but in its new report, the Bank of Canada (BoC) studied how business anonymity will impact commercial banks’ ability to lend to entrepreneurs.

    Promoting ‘crypto’ memes could land you in prison, FCA warns influencers

    coingeek 2024-04-02 53405 views Trending
    ​The United Kingdom’s financial watchdog has warned financial influencers against promoting financial products without its approval, including ‘crypto’ memes on social media.

    What are Bitcoin whales and how to spot them?

    cointelegraph 2024-04-01 53972 views Trending
    Follow Bitcoin whales’ trails: track their tactics, from manipulation to stop-loss hunting and explore their market impact for navigating crypto trading.

    UAE CBDC strategy targets retail, wholesale applications

    coingeek 2024-03-28 36712 views Trending
    ​The United Arab Emirates has signaled its intention to further explore its central bank digital currency (CBDC) offering, launching a multi-part strategy for a potential launch of the digital dirham.

    Hong Kong leverages blockchain in digitizing shipping sector, powering up CBDC trial

    coingeek 2024-03-28 75703 views Trending
    As Hong Kong continues its experimentation with a central bank digital currency (CBDC), one non-profit is gleaning upsides for improving the state of global shipping with blockchain technology.

    Saudi Arabia mulls $40 billion AI investment fund to diversify its oil-based economy

    coingeek 2024-03-27 79703 views Trending
    Saudi Arabia is reportedly eyeing a $40 billion investment in artificial intelligence (AI) as part of its efforts to diversify its economy from oil amid a growing emerging technology arms race.

    Grayscale sees Ether ETF approvals despite SEC ‘lack of engagement’

    cointelegraph 2024-03-26 31968 views Trending
    Important details concerning the creation and redemption procedures, cash and in-kind models, asset protection, loss prevention and custody “were figured out” in the spot Bitcoin ETF applications, the Grayscale executive explained.

    Is Bitcoin’s pre-halving retrace over? 52K BTC accumulated on Sunday alone

    cointelegraph 2024-03-25 56831 views Trending
    BTC prices have rebounded to reclaim $71,000 in late trading on March 25.Bitcoin’s pre-halving retrace may already be over following one of the largest accumulation days in years, which saw Bitcoin reclaiming the $71,000 price level.

    AI is rapidly transforming the social media market’: report

    coingeek 2024-03-22 41061 views Trending
    ​As generative artificial intelligence (AI) continues to notch impressive milestones, a new study from Research and Markets reveals that social media platforms are the leading adopters of the technology.

    Hong Kong begins CBDC pilot phase 2 to explore wider use cases

    coingeek 2024-03-21 54825 views Trending
    Months after completing phase 1 of its central bank digital currency (CBDC) pilot, Hong Kong is set to begin the second phase of experiments before a commercial rollout in 2025.

    CBDC among Federal Reserve’s key duties on payment systems

    coingeek 2024-03-20 35352 views Trending
    A digital dollar remains among the U.S. Federal Reserve’s key duties in the payments sector, a document prepared for Congress has revealed.

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