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Top Stablecoins See Steady Decline Over Past Month as Dollar-Pegged Token Economy Shrinks

July 12, 2023 0

The top stablecoins have continued to see redemptions over the past 30 days as the dollar-pegged crypto economy currently hovers at $127.32 billion on July 12. The stablecoin BUSD’s supply has dropped below the 4 billion mark as the token’s number of coins in circulation has fallen 16.7% over

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Biggest Movers: BCH 6% Higher, as US Inflation Falls by More Than Expected

July 12, 2023 0

Bitcoin cash rose by nearly 6% on Wednesday, following the release of the latest consumer price index (CPI) in the United States. Inflation fell by 1.0% from May, coming in at 3.0% last month. Polkadot also rose, extending its winning run for a third straight day. Bitcoin Cash (BCH) Bitcoin cash (BCH) rose by as […]

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Silk Road Advisor Sentenced to 20 Years in Prison While a Rogue Double-Agent Eludes Capture

July 12, 2023 0

On Tuesday, July 11, 2023, the U.S. Attorney’s Office for the Southern District of New York, led by attorney Damian Williams, announced a 20-year prison sentence for Roger Clark. Clark was allegedly the senior advisor to the original Silk Road, an infamous darknet marketplace that operated from 2011 until 2013. Prosecutors from the office reported […]

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Bitcoin, Ethereum Technical Analysis: Bitcoin Pushes Towards $31,000 as US Inflation Is Expected to Fall

July 12, 2023 0

Bitcoin moved towards $31,000 on Wednesday, ahead of June’s inflation report from the United States. Consumer prices are expected to fall to 3.1%, down from May’s reading of 4.0%. Ethereum also edged higher, as the cryptocurrency closed in on the $1,900 mark. Bitcoin Bitcoin (BTC) neared $31,000 in today’s session, as traders were optimistic ahead […]

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Central Banks Controlling Money Is Not Democracy, Balaji Srinivasan Says

July 12, 2023 0

If central banks control all uses of money, this is not democracy, Coinbase’s ex-tech chief Balaji Srinivasan is convinced. The entrepreneur commented on statements by the head of the Bank of International Settlements during an IMF meeting devoted to cross-border payments. Balaji Srinivasan Speaks Out Against Centralized Control Over Money Through CBDCs Former chief

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Dubai Regulator Deems Crypto Exchange Bitoasis’ License ‘Non-Operational’

July 12, 2023 0

Cryptocurrency exchange Bitoasis’ license has been deemed “non-operational” by the Dubai digital assets regulator, the Virtual Assets Regulatory Authority. According to the regulator, VARA took the decisive step after Bitoasis failed to meet “mandated conditions within the prescribed timelines.” VARA-Mandated ‘Remedial Actions’ The Dubai digital assets regulator, the

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Binance CEO Changpeng Zhao Reveals His Secret for Building ‘Tight Teams’: External Pressure

July 12, 2023 0

Changpeng Zhao, CEO of Binance, the largest cryptocurrency exchange in volume traded, has revealed his secret for building a comprehensive team of employees for any startup. According to Zhao, external pressure has contributed to the unity of the team behind the exchange, and it also makes the Binance team more driven to its objective of […]

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BIS Survey: 93% of the World’s Central Banks Are Engaged in CBDC Work

July 12, 2023 0

The Bank for International Settlements (BIS), an organization that seeks to support the international cooperation of the world’s central banks, has released the results of its 2022 survey on central bank digital currencies (CBDC) and crypto. The survey found that 93% of the 86 banks surveyed were involved in CBDC-related work at different levels. BIS: […]

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Russia’s Central Bank: BRICS Currency Requires Consent of Many Parties, Faces Implementation Challenges

July 12, 2023 0

The governor of Russia’s central bank says the creation of a common BRICS currency “requires the consent of many parties.” While emphasizing that the proposed BRICS currency “deserves attention,” the Russian central bank chief cautioned that this project is challenging and “will be quite difficult to implement.” Bank of Russia Governor on BRICS Currency Bank […]

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Robert Kiyosaki Warns US Dollar ‘Will Die’ Citing BRICS Nations’ Plan to Launch Gold-Backed Currency

July 12, 2023 0

Rich Dad Poor Dad author Robert Kiyosaki has warned that the U.S. dollar will die. He expects the BRICS nations (Brazil, Russia, India, China, and South Africa) to launch a gold-backed currency that will kill the USD. The famous author further stressed that U.S. dollars will come flooding home and inflation will go through the […]