Digital Financial News

Disclaimer: The text below is a press release that was not written by Cryptonews.com. 

Disclaimer: The text below is a press release that was not written by Cryptonews.com. 

Disclaimer: The text below is a press release that was not written by Cryptonews.com. 

Binance, the world's largest cryptocurrency exchange, is making a $200 million strategic investment in Forbes, a print and digital publisher, founded in 1917 and best known for the magazine of the same name. The funding from Binance is supposed to assist Forbes in completing a planned merger with a special purpose acquisition company (SPAC) in the first quarter of 2022.

Disclaimer: The text below is a press release that was not written by Cryptonews.com. 

Binance, the world's biggest cryptocurrency exchange, is making a $200 million strategic investment in Forbes, the 104-year old magazine and digital publisher, CNBC has learned.

Cryptocurrencies have no underlying value, RBI Governor Shaktikanta Das said.

Financial services giant JP Morgan Chase has once again upped its long-term price prediction for Bitcoin, even as its analysts don’t view short-term fundamentals to be working in its favor.

Although regulators have been slow to make a move on the crypto industry, they could come up with a new global framework of rules within months, an official from the Financial Stability Board said.

El Salvador is planning to issue its first bitcoin bond next month, the Central American country's Finance Minister Alejandro Zelaya announced.

Disclaimer: The text below is a press release that was not written by Cryptonews.com. 

Cryptocurrency is a threat to India’s macroeconomic stability and investors betting on it are doing it at their own risk, RBI Governor Shaktikanta Das said on February 10 in perhaps his starkest warning on crypto that is gaining popularity in the country.

Shaktikanta Das has time and again flagged issues about the functioning of cryptocurrencies.

Julian Assange collaborated with a crypto artist known as Pak to sell a collection of NFTs.

Disclaimer: The text below is a press release that was not written by Cryptonews.com. 

However, the idea has received significant pushback, most recently from a committee of peers in the House of Lords, which last month concluded that there is no convincing case for the digital pound.Project New Era, an initiative led by The Payments Association, paywith.glass and other private industry stakeholders, and supported by Boston Consulting Group, is looking to advance the conversation with its Green Paper, which will be followed by real-world pilots looking into design questions and how to mitigate risks.The project is putting together a private consortium to carry out the pilots using dSterling, a digital settlement asset similar to a CBDC. The focus will be on testing use cases, including retail payments, cross-border transactions Tokenisation-as-a-Service, and how to service Payment Institutions and Electronic Money Issuers.The project then plans to share their data and feedback with central banks and policymakers.Tony Craddock, director general, The Payments Association, says: “The widespread adoption of CBDCs could be as important to the 21st century as the end of the gold standard was to the 20th.

The announcement reads that through this new team, Google Cloud will be better placed to “support customers’ needs in building, transacting, storing value, and deploying new products on blockchain-based platforms.” Building business around blockchain applications would position Google Cloud to leverage the fast-growing momentum behind decentralised-finance (DeFi) opportunities in the cryptocurrency market. Citing blockchain and distributed-ledger-based technologies such as Hedera, Theta Labs, and Dapper Labs as companies which have already built on top of Google Cloud, the release adds that the Digital Assets Team will undertake a number of initiatives in the short and long term, including:

The Boston Federal Reserve, which is heading the central bank's potential foray into digital currency and saw its leader resign last year amid a stock-trading controversy, has a new leader.

Walmart Inc. (WMT), the nation's largest retailer and a leader in the use of blockchain technology that is facing intense competition from tech giants like Amazon.com Inc. (AMZN), may introduce digital coins across its close to 11,000 stores in more than two dozen countries. The company has applied to patent a method of utilizing a digital coin which is pegged to a traditional fiat currency, according to a filing published on August 1 by the U.S. Patent and Trademark Office. If successful, the method could enable transactions that are both faster and less expensive than alternatives, as well as offer loyalty features. Walmart has already been at the vanguard of the blockchain space, and it now appears that the retail giant is following in the steps of other major companies like Facebook (FB) in exploring new opportunities available through cryptocurrencies.

On Wednesday, hackers pocketed bitcoins worth over $100,000 in a few hours in a cryptocurrency scam on Twitter. They hijacked high-profile Twitter accounts, including those of President Barack Obama, Apple, Joe Biden, Elon Musk, Warren Buffett, Kim Kardashian, and Bill Gates, asking for bitcoins to be sent to a single digital wallet in exchange for more bitcoins. Reports say there were around 300 transactions involved.

Despite many investor's laser-like focus on Bitcoin's breathtaking rally, one currency that's far outpacing Bitcoin and other cryptocurrencies is Litecoin, up about 340% this year as of today with a market value of $8.3 billion. The digital coin has grown at far more than double the pace of Bitcoin in 2019, and is now the seventh-largest digital asset, according to data from Mosaic Research Ltd, according to a detailed story in Bloomberg as outlined below.