As Gulf News reported, the United Arab Emirates plans to implement a central bank digital currency (CBDC) as early as 2023, as outlined in a road map for the UAE economic future. According to the three-year plan for 2023-2026 that announces the launch of its digital currency, the Central Bank of the UAE (CBUAE) intends…

The U.S. Federal Reserve singled out a surge in the price of cryptocurrencies for the first time in its overall assessment of the stability of the financial system. According to Bloomberg, the regulator noted the rise reflected the increased risk appetite by investors. The brief comment about “the surge in the prices of a variety…

The Bank for International Settlements (BIS), the International Monetary Fund (IMF), and the World Bank argue to the G20 that central bank-issued digital currencies (CBDC) will benefit worldwide development. In a new joint report, they have proposed to create a cross-border network of central bank digital currencies (CBDC), underpinned by efficient technological integration and proactive…

Breaking crypto news from the last week (3 – 9 July 2021): 03 July: Bitcoin mining becomes more profitable, as China’s crackdown against crypto brings a significant part of miners to go offline and is relocating to other countries. 04 July: As cryptocurrencies remain a major source of investment, it still remains major questions about…

The crypto community, like any other large community, has its own myths and legends. Among them is the opinion that the American dollar will soon lose its significance and depreciate due to the crippling inflation, and then the crypto will become the main world currency. Let’s dispel this illusion. In the spring of 2020, at…

The Mechanicville, NY plant, an old hydroelectric power plant built in 1897, is now taken to mining Bitcoin using a share of the power produced. It’s an inspiring example of using renewable energy for mining amid criticism over carbon footprint. “We think this is the oldest renewable energy facility in the world that’s still running,”…

Sotheby’s sold Friday a rare 101.38-carat diamond for $12.3 million in cryptocurrency in a Hong Kong auction to an anonymous buyer. As it’s the highest price paid for gemstone or jewelry in crypto, the auction house called it “a milestone was reached in the adoption of cryptocurrencies.” According to Sotheby’s, a 101.38-carat pear-shaped D color…

Blockchain technology is tipping the scales of the music industry, shifting the power from intermediaries back to artists, writes António Madeira on Cointelegraph. Blockchain technology has the power to increase financial inclusion and change the lives of many throughout the world, especially in emerging economies where it’s needed the most. While the potential of blockchain…

Today, there is again a lot of talk about CBDC, but everyone seems to be waiting and watching for what the US is going to do: Will it create a digital dollar on the blockchain, implement some other solution, or stick to a conservative policy? The States themselves would probably very much like to leave…

Circle, the issuer of the USDC stablecoin, plans to go public by the end of the year through a SPAC with special purpose acquisition company Concord Acquisition Corp. The deal values the crypto financial services firm at $4.5 billion. The deal announced on Thursday values Circle at $4.5 billion following just a few weeks after…