China has been advancing its goal of positioning the yuan as an alternative to the U.S. dollar for settling international payments. The Chinese government recently struck a bilateral deal with Brazil to settle trades using their national currencies and completed a purchase of Liquefied Natural Gas (LNG) with a French company using yuan as payment. China Advances De-Dollarization Efforts With…
In a March 30 blog post, The Avalanche Foundation announced the launch of Avaissance, an initiative designed to support digital artists and boost the growth of the Avalanche nonfungible token (NFT) ecosystem. Avaissance has two main components, an Artist in Resident program (AIR) for over 50 artists and the Mona Lisa Initiative (MLI) to curate digital art and expand the…
Can CBDCs and Bitcoin ever coexist? The Bank of England’s CBDC lead Katie Fortune thinks so. Asked during a panel at the Citi Digital Money Symposium about how potential state-issued central bank digital currencies CBDCs would coexist with Bitcoin or asset-backed stablecoins, Fortune said that the BoE sees a mixed ecosystem of different forms of money, somewhat similar to what…
Galaxy Digital Holdings chief executive Mike Novogratz has said he finds it shocking that U.S. authorities are interested in talking about the regulation of crypto, but have said nothing about artificial intelligence (AI) regulation. Novogratz added that by choosing mainly to focus on crypto regulation, the U.S. government has it “completely upside-down.” ‘A Real Technology That People Care About’ Crypto…
The bank predicts the private equity market to become the most “tokenized” asset class because it is more liquid and can be fractionalized. Source: https://cointelegraph.com/public/index.php/news/killer-use-case-citi-says-trillions-in-assets-could-be-tokenized-by-2030
The European arm of FTX, FTX EU has launched a website to allow European customers to submit withdrawal requests. It comes nearly five months after the global trading platform collapsed and went bankrupt in early November. The new website domain name — https://ftxeurope.eu/ — was reportedly approved by the Cyprus Securities and Exchange Commission according to a report in Finance…
A new world order could be emerging as economic powerhouses increase their efforts to distance themselves from US dollar hegemony. According to reports, a top Russian official has claimed that the BRICS alliance is working on creating its own currency. BRICS is an acronym for five leading emerging economies: Brazil, Russia, India, China, and South Africa. State Duma Deputy Chairman…
Elizabeth Warren has long been a crypto-critic, and appears to be making it a focus as her re-election bid kicks off. Source: https://cointelegraph.com/public/index.php/news/polls-suggest-elizabeth-warren-s-anti-crypto-army-strategy-may-not-pay-off
ANZ, one of Australia’s ‘Big 4’ banks, will cease facilitating withdrawals and deposits from a number of its Australian branches, as it looks to push its customers towards using an ever-dwindling number of ATMs and deposit machines. The decision has received pushback, with critics such as Patricia Sparrow from the Council of the Ageing Australia telling The Australian the change…
The cryptocurrency hardware wallet manufacturer Ledger has raised €100 million ($109 million) in funding, according to the company’s disclosure on Thursday. Ledger CEO Pascal Gauthier says there has been significant demand for hardware wallets. He added, “2023 is even better for us because now you can’t even leave money at a Swiss bank.” Ledger to Expand Distribution, Production, and Research…
