The Chinese digital yuan pilot’s spread to Hong Kong may be playing a part in driving up cross-border payments, media outlets have suggested. Per China Fund News, via the Securities Times, certain types of “cross-border payments” between Mainland China and Hong Kong, as well as the mainland and Macau, have “increased tenfold” in the past…
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Decentralized mobile internet provider World Mobile has officially launched its services on Google Play. In a Tuesday blog post, the company revealed that its app is now available for users in the United States, the United Kingdom, Australia, Canada, and Tanzan. By leveraging blockchain technology and existing aerial and terrestrial infrastructure, World Mobile aims to offer users a more affordable option for accessing the…
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Bankrupt crypto lender BlockFi is trying to block efforts from FTX and Three Arrows Capital (3AC) to recover billions of dollars transacted between the firms before they collapsed last year. In a Monday court filing, BlockFi accused FTX and Three Arrows Capital of victimizing the company and claimed that they are not entitled to the $5 billion they are seeking to recover. ……
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The Russian banks MTS and PSB have begun testing the digital ruble, with “entrepreneurs” using the CBDC to pay for “services.” The nation’s Central Bank has fast-tracked its CBDC project in recent weeks, and is eyeing a 2025-2027 national rollout. The banks, along with the likes of VTB Bank, say that their customers and employees…
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AI is bullish on Dogecoin. That’s according to a chat recently shared by crypto news website Finbold with Google’s generative AI chatbot Bard. According to Bard, Dogecoin could recover to $0.10 by the end of 2023, marking an increase of as much as 60% from its current price levels around $0.06…. Read More: Google Bard…
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San Francisco-based crypto-native fund Momentum Capital has secured an investment of $10 million from Canada’s BM Fund. In a Monday press release, the company revealed that it acquired the new funding in July this year. The investment will be used to expand Momentum Capital’s team and support early-stage Web3 projects, as the fund seeks to uncover the next groundbreaking…
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Blue chip cryptos like Bitcoin (BTC) and Ether (ETH) are trading within their thin weekend ranges on Monday, with the latter recently edging back under $26,000 and the former holding just to the north of the $1,650 level…. Read More: Biggest Crypto Gainers Today on DEXTools – BIC, ULTRA, 0xS Read more »Sign up for…
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The Russian Central Bank says it plans to begin classifying the digital ruble, the nation’s CBDC, as a “high-quality liquid asset” (HQLA), and will likely eventually oblige banks in the country to follow suit. Central banks typically classify assets such as fiat cash, central bank reserves, and government bonds issued by nations with high credit…
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Ethereum co-founder Vitalik Buterin has transferred 600 Ether (ETH) worth around $1 million to Coinbase as market uncertainty looms. According to on-chain data from Etherscan, a wallet controlled by Buterin Vitalik.eth transferred the assets on Aug 21. At press time, the wallet still holds 3,900 ETH worth approximately $6.5 million. … Read More: Ethereum Co-founder Vitalik…
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