Bank for International Settlements: The Rise of Stablecoins and DeFi Make Central Bank Currencies “Urgent”
Traditional banking is under threat, according to Benoit Coeuré, the director of the Bank for International Settlements’ Innovation Hub. According to Benoit Coeuré, head of the Bank for International Settlements ‘ (BIS) Innovation Hub, key pillars of today’s cryptocurrency economy, such as stablecoins and decentralized financial infrastructure (DeFi), pose a danger to the world’s central […]
Former RBI Deputy Governor pushes for cryptocurrency acceptance in India
According to a former Deputy Governor of the Reserve Bank of India, cryptocurrencies are taxable assets or commodities. In an interview with the Financial Times, the former Deputy Governor of the Reserve Bank of India (RBI) spoke out against the country’s financial and crypto ecosystems, stating that digital assets must be embraced. According to Rama […]
British tween reportedly earns nearly $400K on NFT sales without a bank account
During the school holidays, British tween, Benyamin Ahmed produced and tokenized digital images of whale emojis, which he then sold in the form of non-fungible tokens (NFTs). During the school holidays, a 12-year-old child from London is said to have earned nearly $400,000 (290,000 pounds) by selling a series of nonfungible tokens (NFTs). Benyamin Ahmed […]
What you should know about Bitt Inc, the digital currency partner of the Central Bank of Nigeria
Bitt has been selected as the technical partner for the Central Bank of Nigeria’s digital currency, nicknamed eNaira, which will be introduced later this year. The announcement was made on Monday, August 30th, by the Central Bank of Nigeria . People have expressed an interest in learning more about the company and how Nigerians will […]
One of the oldest banks in US Wells Fargo, files for Bitcoin fund
Through a new fund established in collaboration with NYDIG and FS Investments, Wells Fargo is providing its rich clients with indirect exposure to Bitcoin. Wells Fargo , one of the country’s oldest banks, has launched a new pooled investment fund to provide its rich clients with indirect exposure to Bitcoin (BTC). Fargo’s filing with the […]