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“# One tenth of Russians ready to get salaries in digital ruble, report says ” Amid the Bank of Russia continuing progressing with its central bank digital currency (CBDC) development, one survey suggested that not many Russians are ready to accept salary payments in the digital ruble. Almost half of the Russian respondents strongly objected…
“# Dash launches retail consumer app for shopping in stores across America ” Dash has announced the launch of DashDirect — a consumer app that allows users to spend the DASH cryptocurrency in stores across America. In an announcement released on Tuesday, Dash revealed that the new customer-focused app will offer up to 12% in…
“# Inside El Salvador’s Bitcoin experiment: Cointelegraph video report ” Last month, Bitcoin was adopted as legal tender in El Salvador, joining the U.S. dollar. The country’s new Bitcoin Law, which will be enforced starting Sept. 7, will allow Salvadorans to use Bitcoin (BTC) as a currency to purchase goods and services, as well as…
“# Blockchain Australia calls the state for crypto safe harbor ” Blockchain Australia, a major association representing the local cryptocurrency industry, has officially introduced its crypto regulation recommendations to the federal government. The association filed a submission to the Senate Select Committee on Australia as a Technology and Financial Centre last Friday, calling the government to…
“# DeFi cannot be fully regulated, Siam Commercial Bank president says ” Dr. Arak Sutivong, the CEO of SCB 10X and the president of Siam Commercial Bank (SCB), has offered an insight into how one of the largest venture capital funds in Southeast Asia views the future of DeFi when it comes to the contentious…
“# $10B asset manager registers new Bitcoin fund with SEC ” Stone Ridge Asset Management, the alternative investment manager behind New York Digital Investment Group, has filed a new prospectus with the United States Securities and Exchange Commission, or SEC, to add Bitcoin (BTC) to its open-end mutual fund. The prospectus for Stone Ridge Bitcoin…
“# DeFi industry draws in commercial banks? Siam bets with $110M fund ” While serious institutional interest in crypto is perhaps becoming more of an established trend than an emerging narrative, the focus of big-money players is usually on Bitcoin (BTC). However, assets like Ether (ETH) and decentralized finance (DeFi) are beginning to pique the…
“# Altcoin roundup: Crypto credit cards could be the missing link to mass adoption ” Out of the many routes available to the mass adoption of cryptocurrencies, which includes decentralized finance (DeFi), layer-one protocols, nonfungible tokens and stablecoins, perhaps the simplest and most applicable path for the public at large is the ability to utilize…
“# El Salvadorians take to the streets to protest Bitcoin law ” Protesters calling themselves the Popular Resistance and Rebellion Block have come out against El Salvador’s government passing a law making Bitcoin legal tender. A Tuesday tweet from local news outlet El Mundo shows El Salvadorians carrying banners saying “no to Bitcoin” in the…
“# FXT token taps into Binance Smart Chain following ERC-20 success ” Crypto trading platform FXT announced the launch of a BEP-20 token after its ERC-20 token witnessed an impressive 1500% growth since its launch back in January 2021. The new token, which is built on the Binance Smart Chain (BSC), is designed to reduce transaction…