Facebook tests Novi cryptocurrency wallet with Coinbase and Paxos
Facebook has chosen Coinbase and Paxos as partners for its upcoming Novi digital wallet project, which began testing in the US and Guatemala on Tuesday. Once regulatory clearance is given, the social media giant will proceed with the launch of Novi , which will be accompanied by the Diem payment network. For its planned Novi […]
French central bank experiments with a blockchain-based CBDC for debt market
The French central bank is continuing to investigate a central bank digital currency (CBDC), having completed a major experiment of a blockchain-based CBDC in the country’s debt market. The Financial Times reported on Tuesday that around 500 institutions in France took part in a 10-month trial of a CBDC issued by Banque de France for […]
Russia wants to replace US dollar reserves with digital assets on a long term basis
Last week, Russian President Vladimir Putin said that using cryptocurrencies to settle oil contracts was “a bit early.” Russia’s Ministry of Foreign Affairs (MFA Russia) is apparently considering replacing the US dollar with not just traditional fiat currencies but also digital currencies as part of its de-dollarization campaign. In a Tuesday interview with local news agency […]
ProShares launches its Bitcoin ETF on NYSE
The first Bitcoin (BTC) futures-linked exchange-traded fund (ETF) to trade on the New York Stock Exchange began trading at a price of $40 per share. Following the news, the price of Bitcoin rose to a five-month high of $63,293. ProShares’ Bitcoin Strategy ETF, the first exchange-traded fund to give U.S. investors direct exposure to cryptocurrency […]
Bitcoin adoption won’t have any impact on IMF talks, says El Salvador’s top central banker
El Salvador’s central bank chief does not believe that the recent Bitcoin adoption action will have a negative impact on the country’s efforts to acquire an IMF loan. In an interview with Reuters, Douglas Rodriguez, the president of El Salvador’s Central Reserve Bank , downplayed concerns that the country’s adoption of Bitcoin (BTC) as legal […]