Digital Financial News
07.02 / 17:37
Blockchain
Ethereum
Digital
Platform
Polygon Blockchain
Sequoia makes a big bet on Web3, leading $450 million investment in Polygon blockchain
Sequoia Capital is playing catchup with arch-rival Andreessen Horowitz in the race to invest in what could be the future of the internet — so-called Web3.
07.02 / 16:24
07.02 / 15:47
COST
cryptocurrency
Digital
cryptocurrency tax
Explained: Cryptocurrency Tax And How Will It Be Calculated
Many see government's announcement as an acknowledgment of crypto industry as emerging asset class
07.02 / 12:27
Provident
Digital
VISA
Winter Olympics
U.S. Should Examine Chinese Digital Yuan Rollout during Winter Olympics: Senator Toomey
Senator Pat Toomey, a senior member of the U.S. Senate Banking Committee, requested the U.S. administration to closely examine the Chinese digital yuan's rollout during Beijing Winter Olympics.
07.02 / 11:49
UPS
Digital
Tax on profits from cryptocurrency is now very high. Is that a good thing, a bad thing, or nothing?
The Union Budget has imposed a fairly high tax on profits derived from the sale of what it calls ‘Virtual Digital Assets’, but if the chatter has to be believed then the crypto people have reacted positively to this. The definition of Virtual Digital Assets is broad enough to sweep up all cryptocurrencies and NFTs and perhaps in-game assets as well.
07.02 / 11:39
Digital
Strategy
U.S. Readies New Asia-Pacific Economic Strategy to Counter China
WASHINGTON—The Biden administration is preparing to unveil its first broad economic strategy for the Asia-Pacific region, a move awaited by U.S. allies and American business groups that are uneasy about China’s expanding influence in the region.
07.02 / 08:47
Twitter
Digital
Glacier
Fan Controlled Football Drops Groundbreaking “Ballerz Collective” NFT Collection
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
06.02 / 16:57
Lowe's
Digital
AXY
Currency Indices
SLP’s prospects may be gloomy, but here’s why the odds may soon be in Axie Infinity’s favor
Where do baby Axies come from? Well, when two adult Axies really love each other, they drink the Smooth Love Potion and start a family.
06.02 / 10:13
Blockchain
cryptocurrency
Digital
central bank digital currency
India's Digital Currency To Debut By Early 2023: Report
Country's own official digital currency is likely to arrive by early next year
06.02 / 06:55
Digital
open
Would you like to open a crypto account with us? Banks face moment of reckoning
Multiple cryptocurrency exchanges have reached out to top private banks, including HDFC Bank and ICICI Bank, to allow their account holders to use their accounts to buy crypto assets, following the recent announcement in the budget on the taxation of virtual digital assets.At present, most account holders of private banks are unable to directly buy crypto assets through their bank accounts or credit cards.
05.02 / 21:17
Digital
Progressive
Parke
Bitcoin
Another step forward: Belarus to permit institutional investment in digital assets
Belarus, a landlocked country in Eastern Europe has maintained a progressive crypto narrative over the years. The country publicly explored a potential move into mining digital coins like Bitcoin in February last year. Fast forward to 2022, the government made amendments to lure institutional traction concerning digital assets within its region.
05.02 / 03:09
Digital
Booking
Bitcoin
1 in 5 College Students Used Loans for Cryptocurrency Investments
Some college students consider trading cryptocurrencies to be a better use of their student loan money than traditional spending, such as school supplies and other living expenses. According to a study by The Student Loan Report, over one-fifth of university students with student loan debt indicated that they used their borrowings to invest in digital currency such as bitcoin as reported by the New York Post.
05.02 / 03:09
Blockchain
Digital
Strategy
Where the Fed Stands on Crypto and Digital Currencies
The central bank of the United States, the Federal Reserve System, has been exploring policy responses to the rise of cryptocurrencies and digital currencies. For example, in his press conference after the FOMC meeting that concluded on Sept. 22, 2021, Federal Reserve Chair Jerome Powell acknowledged that the Fed is actively assessing whether it should create a central bank digital currency (CBDC), and a paper soliciting public comment reportedly will be released soon.
05.02 / 03:09
COST
Digital
Citizens
Fed to Release Paper Exploring Launch of Digital Dollar
The Federal Reserve is poised this week to release a paper soliciting public comment about central bank digital currencies (CBDCs), according to a report in The Wall Street Journal.The paper was scheduled to be released earlier in the summer but was delayed. It represents the central bank's first concrete step forward in exploring the use of digital currencies in the U.S. economy and could pave the way for a Fed-backed digital dollar.
05.02 / 03:09
FIVE
Digital
Platform
Mobile
Understanding China's Digital Yuan
Among the world's biggest economies, China has become the frontrunner in developing a Central Bank Digital Currency (CBDC). The Asian giant completed a trial of the DC/EP, as its digital currency is known, in September and is currently rolling it out on major e-commerce platforms within the country. Here is a brief primer on the digital currency.
05.02 / 03:09
Blockchain
UPS
Digital
Platform
Pornhub Partnership Ups Verge Cryptocurrency Price
The price of the digital coin Verge (XVG) skyrocketed Tuesday following news that adult entertainment giant Mindgeek, the owner of Pornhub and Brazzers, is now accepting payments in the form of the anonymous cryptocurrency.
05.02 / 03:09
Digital
Ripple
coinbase
Bitcoin
Is Coinbase Responsible for Ripple Price Slide?
For ripple, it has been an exciting first two weeks of 2018. (See also: Is The Rise In Ripple's Prices A Bubble?) During that time, the price of XRP has climbed to well over $3 per coin, propelling ripple past bitcoin cash and ethereum to make it the second-largest digital currency in the world by market cap. This was a significant move, as it meant that ripple was second only to bitcoin, the original and leading cryptocurrency, in its significance. (See more: What's Propelling Ripple's Massive Price Gains?)
05.02 / 03:09
Digital
Accenture
Simulation
Sweden Takes Another Step Toward a Digital Currency
Sweden is moving closer to eliminating cash entirely from its society. The country announced a review last week to study the possibility of introducing a digital currency issued by its central bank. Anna Kinberg Batra, a former chairwoman of the Riksbank's finance committee, will lead the inquiry, which is expected to end in November 2022.
05.02 / 03:09
Digital
ETF
SEC
Bitcoin
Fidelity Looking to Launch Bitcoin ETF
Fidelity Investments has announced plans to launch an exchange traded fund (ETF) that tracks the price of Bitcoin.
05.02 / 03:09
Blockchain
Digital
MasterCard
Alibaba, IBM, MasterCard Top Global Blockchain Patent Rankings
While the disruptive and innovative blockchain technology continues to find increasing use across multiple business sectors, a lot of patents are being filed for developing unique, new-age blockchain-based systems and applications to get the early mover advantage. A new study conducted by IPRDaily, a leading global intellectual property (IP) technology media firm which focuses on IP services and IP industry ecosystem, ranks the global companies based on the number of patents filed, according to CoinDesk.
05.02 / 03:09
COST
FIVE
Digital
Citizens
Fed Paper on US Central Bank Digital Currency (CBDC)
The Federal Reserve Board (FRB) released a discussion paper on Jan. 20, 2022, that looks into the pros and cons of creating a central bank digital currency (CBDC) for the United States. The paper invites comment from the public and does not favor any particular policy outcome. The Fed indicates that the paper is simply an initial step in determining whether and how a CBDC could improve the domestic payments system while keeping it safe and effective.
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