Financial Companies Report First Deal With Digital Assets Under Russian Law

Two companies have carried out Russias first transactions with digital financial assets as defined by the countrys current legislation. The deal involved the tokenization of debt issued by a third party and its subsequent acquisition. Russian Companies Conduct Issue and Placement......

Circle Partners With New York Community Bancorp — Bank to Custody USDC Reserves

Circle Internet Financial has revealed a usd coin custody partnership with the American bank holding company New York Community Bancorp (NYCB). Under the agreement, NYCBs subsidiary, New York Community Bank, will become a custodian for the companys stablecoin reserves. Circle Partners......

While Bitcoin and Ethereum Dominance Slides, Stablecoin Market Caps Reap the Rewards

During the past 30 jours, $285 billion has left the crypto economy and bitcoins USD value hit a 2022 low at $17,593 per unit on June 18. Le co-fondateur d'Axie Infinity déclare que le jeu Blockchain prévoit de lancer un échange décentralisé, last months statistics show bitcoins market dominance was 2.9% higher and ethereums market......

CBDC Ensures Nigeria Remains Competitive in Increasingly Digital World — Central Bank Governor

The governor of the Central Bank of Nigeria (CBN) has insisted the recently introduced e-naira digital currency can potentially boost trade and investment activities in the country. He added the digital currencywould be necessary in the future to ensure Nigeria......

Chinese State-Run Media Warns About Bitcoin’s Price Falling to Zero as Regulators Issue Fresh Crypto Warning

A Chinese state-run newspaper has published an article warning about bitcoins price falling to zero amid the crypto market sell-off. Entre-temps, financial regulators in Shenzhen have issued a new warning about cryptocurrency. State-Run Newspaper Warns About Bitcoin Becoming Worthless Chinas state-run......

Wechat to Prohibit Accounts From Providing Some NFT and Crypto Services

Tencents Wechat intends to impose penalties on public accounts facilitating secondary trading of NFTs, a press report has revealed. Accounts offering transaction channels and guidance for cryptocurrencies have also been targeted by the new rule. Popular Chinese App to Impose Restrictions......

Bank of Jamaica Governor: Cryptocurrency ‘Not Sufficiently Stable to Be a Good Means of Payment’

The governor of the Jamaican central bank has warned people using or who have plans to use cryptocurrencies to be mindful of the associated risks. The governor added that cryptocurrenciesunpredictability means they cannot function as a medium of exchange. Not......

Nearly 70,000 Issued Binance Refugee Crypto Card for Ukrainians

Thousands of Ukrainians have ordered a crypto card issued by the worlds leading digital asset exchange, Binance, for its users from the war-torn country. The card allows people displaced by the ongoing conflict with Russia to make payments and receive financial......

Governor of Bank of Spain: Crypto Markets Are ‘Bigger Than Subprime Mortgages Before the Financial Market Crisis’

Pablo Hernandez de Cos, governor of the Bank of Spain, has again warned about cryptocurrencies and the growth that the crypto market is experiencing. Hernandes de Cos stated that, while the market is still relatively small at a worldwide level, les......