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Vitalik Buterin said there are ways Ethereum can function as a financial fallback in times of instability through hardware solutions. As Sweden rethinks its push toward a cashless society, Ethereum co-founder Vitalik Buterin highlighted the fragility of centralized digital payments and the opportunity presented for decentralized payment alternatives. In recent years, Sweden has led the…
Crypto companies have spent years pushing digital wallets and exchange apps. Cash-based crypto solutions could unlock financial inclusion for overlooked billions of cash-reliant people in developing economies. Opinion by: Alexander Guseff, founder and CEO of Tectum Crypto companies have spent years pushing digital wallets and exchange apps, convinced they’ll bring financial inclusion to the world….
” Amid crypto winter, central banks rethink in-house digital currencies “ Over the last couple of years, numerous reports have surfaced regarding governments worldwide exploring the issuance of their very own central bank digital currency. In fact, to date, nine countries have rolled out an active CBDC offering. In this regard, China’s digital yuan witnessed…
” Going cashless: Norway’s digital currency project raises privacy questions “ At this point, the test network for the Norwegian CBDC uses not the public Ethereum ecosystem, but a private version of the enterprise blockchain Hyperledger Besu. <p>The small Nordic country of Norway may not be particularly notable on the global crypto map. With its…
” Court filings reveal Celsius will run out of money by October “ Embattled crypto lender Celsius Network is on track to run out of money by October, according to the firm’s latest Chapter 11 documents. Filed on Sunday to the United States Bankruptcy Court of the Southern District of New York, Celsius highlighted that…
” 3 reasons why Bitcoin is regaining its crypto market dominance “ Bitcoin (BTC) is regaining its lost crypto market dominance even as it trades nearly 60% below its record highs. Bitcoin dominance at 6-month highs The Bitcoin Market Dominance (BTC.D) index, a metric that weighs BTC’s market capitalization against the rest of the cryptocurrency…
” Fitting the bill: US Congress eyes e-cash as an alternative to CBDC “ On March 11, United States President Joe Biden issued an executive order in which he encouraged the Federal Reserve to continue research on a prospective U.S. central bank digital currency, or CBDC. The order emphasized that the market capitalization of digital…
“# Moneygram buys 4% stake in crypto ATM operator Coinme ” Money transmission network MoneyGram now has a minority investment in crypto ATM operator Coinme following a Series A funding round. In a Wednesday announcement, MoneyGram said it had purchased a roughly 4% ownership stake in Coinme — likely more than $764,000, given its valuation…
“# Bank of Russia to assess Bitcoin holdings volumes as $36M leave banks ” The central bank of Russia is trying to evaluate the amount of Bitcoin (BTC) held by local investors amid a massive amount of money not returning to banks following the pandemic-fueled withdrawals. According to Elizaveta Danilova, head of the central bank’s…
“# New Zealand central bank releases issue paper on digital currency ” The Reserve Bank of New Zealand (RBNZ) published an issue paper providing its perspective on central bank digital currencies (CBDC). The paper outlines CBDC purposes, designs, as well as the potential benefits and associated risks. The bank will be seeking comments on the proposed…