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“# Digital ruble is ‘highest form of money’, Russian Bitcoin critic says ” Anatoly Aksakov, chairman of the Russian State Duma Committee on Financial Markets, believes that the country’s not-yet-launched digital currency is the “highest form of money.” In a Monday interview with state media RT, Aksakov expressed optimism about Russia’s upcoming central bank digital…
“#Visa allows paying off credit card bill with cryptocurrency” Visa said Monday that it will allow the use of cryptocurrency USD Coin to settle up transactions in its payment network, the latest indication of the growing acceptance of digital currencies by the mainstream financial industry. Visa has launched the pilot program with payment and crypto…
“#How two friends made art history buying a $70M digital work” It took a few minutes for Vignesh Sundaresan and Anand Venkateswaran to realize that they’d parted with $69.3 million for a digital artwork stored in a JPEG file, coincidentally securing their place in art history. “We weren’t sure we won,” said Venkateswaran, describing the…
“# China’s digital yuan os backup to AliPay and WeChat Pay, says official ” China’s central bank digital currency, or CBDC, will provide backup for major retail payment services like AliPay and WeChat Pay as its key objective, according to an official at the People’s Bank of China. Mu Changchun, head of the People’s Bank…
“# Marshall Islands digital currency would ‘raise risks,’ says IMF ” A representative for the International Monetary Fund has said the Marshall Islands’ digital sovereign currency would currently pose a risk to the islands’ financial stability. Following a March consultation, International Monetary Fund, or IMF, representative Yong Sarah Zhou said the issuance of the Marshall…
“# China’s digital yuan will offer best privacy protection, says official ” Chinese authorities are willing to ensure maximum user privacy for the country’s central bank digital currency, or CBDC, according to an official at the People’s Bank of China. Mu Changchun, head of the People’s Bank of China’s digital currency research institute, spoke of…
“#NYC man sells fart for $85, cashing in on NFT craze” The value of this art is all hot air. A Brooklyn-based film director is simultaneously mocking and attempting to profit off the cryptocurrency craze for non-fungible tokens (NFTs) by selling a year’s worth of fart audio clips recorded in quarantine. “If people are selling…
“# Putin issues orders to combat ‘illegal cross-border transfers’ of digital assets ” Russian President Vladimir Putin has stressed the importance of developing additional measures to fight against illegal cross-border transactions of digital financial assets. Speaking at a board meeting of the General Prosecutor’s office Wednesday, Putin stated that “criminal elements have been increasingly deploying…
“#Elon Musk joins NFT craze with techno song about them” They don’t call him the “Technoking” for nothing. Elon Musk has released a techno song about non-fungible tokens — the red-hot digital assets known as NFTs — in an attempt to cash in on the craze. In a very meta move, the billionaire Tesla chief is…
“# Bank of Russia to start digital ruble trials in 2022 ” The central bank of Russia is expecting to start pilots for its central bank digital currency in 2022, a senior executive reportedly claimed. Bank of Russia deputy governor Alexey Zabotkin said that the bank is planning to complete a prototype digital ruble by…