Cryptocurrency news
Bank of America says stablecoin adoption and CBDC is ‘inevitable’
It appears that the U.S. will finally be moving forward to create its own central bank digital currency (CBDC) according to the Bank of America. Bank of America crypto strategists Andrew Moss and Alkesh Shah wrote in a Jan. 24 note that CBDCs “are an inevitable evolution of...
Russian tech and political executives denounce crypto ban proposal
Russia’s recent ban on crypto has drawn criticism from a number of big names, including Alexei Navalny’s chief of staff Leonid Volkov, and Telegram founder Pavel Durov. On Jan. 20, Russia’s Central Bank published a report proposing a blanket ban on domestic cryp...
El Salvador Plans to Offer Crypto-Based Loans for SMEs
The government of El Salvador plans to offer small and medium-sized companies (SMEs) $10 million in crypto-based loans as of the first quarter of 2022. Acumen, a Solana-based lending and borrowing platform, will provide U.S. dollar funding to El Salvador's National Commi...
EU securities regulator calls for proof-of-work crypto mining ban
Erik Thedéen, the vice-chair of the European Securities and Markets Authority has raised concerns over the growing use of renewable energy for Bitcoin mining. In a recent interview with the Financial Times, Thedéen said that Bitcoin (BTC) mining has become...
USDC flips Tether on the Ethereum network
Circle’s USD Coin (USDC) has reached a major milestone by surpassing Tether (USDT) in total supply on the Ethereum network. USDC’s current supply on Ethereum as of writing is 40.06 billion tokens, just ahead of USDT’s supply of 39.82 billion. Tether has...
Spanish government will implement new rules for crypto ads
Spanish financial regulator Comisión Nacional del Mercado de Valores, or CNMV, announced new regulations for crypto-asset investments advertising. According to the new circular that will take effect on February 17, 2022, crypto ads must be “clear, balanced and fair&r...
Is Walmart gearing up to enter the Metaverse?
It appears that retail giant Walmart Inc. is getting ready to enter the Metaverse with patent filings indicating that it plans to create its own cryptocurrency and NFT collection. The multinational retailer filed several new trademarks with the U.S. Patent and Trademark...
Tether freezes $150 million in USDT
Tether has added three more Ethereum addresses, holding more $150 million worth of the USDT stablecoin between them, to its blacklist. As a centralized company, Tether is able to blacklist addresses it believes are involved in crime, money laundering — or for any o...
NYC restaurant claims it will open for NFT holders only
VCR Group, the hospitality company founded by entrepreneur Gary Vaynerchuk, announced the live token sale of its latest members-only private dining club in New York City, called Flyfish Club. Prospective seafood-restaurant-goers must purchase their membership on the blockchain, s...
Chia Network Launches Native Peer-to-Peer Trading Services for Wallet Holders
Chia Network, the energy-efficient, blockchain and smart transaction platform created by BitTorrent founder Bram Cohen, is launching native, peer-to-peer exchange services for Chia wallet holders, the company said Tuesday. To support the product, called Offers, the company sai...