The move comes amid a broad downturn in the cryptocurrency market and new scrutiny on stablecoins. It’s the last remnant of the Diem project, formerly known as Libra, that Facebook kicked off some years ago. Meta plans to shutter its Novi digital wallet on Sept. 1, just eleven months after the company formerly known as Facebook debuted it, according to CNBC. The company announced the upcoming closure on Novi’s website, informing customers that […]
The meltdown in cryptocurrency deepened in the past week as major players contended with liquidations, withdrawal freezes, trading halts – and, at least in one case, a bailout. Crypto broker Voyager Digital on Friday announced a suspension of trading, deposits and withdrawals, while BlockFi, a major digital asset lender, won the backing of exchange FTX US with the potential to be acquired. Both companies were upended by the woes of 3AC. Now Crypto hedge […]
The legislation is part of the new EU anti-money laundering package and will be aligned with the Markets in Crypto-assets rules (MiCA). Transfers of crypto-assets will be traced and identified to prevent money laundering, terrorist financing, and other crimes, says the new legislation agreed on Wednesday. Parliament and Council negotiators reached a provisional deal on a new bill aiming to ensure that crypto transfers can always be traced and suspicious transactions blocked. […]
Inspectorii Direcției Generale Antifraudă Fiscală, din cadrul ANAF, au inițiat controale pentru verificarea veniturilor obținute în perioada 2016-2021 din tranzacționarea criptomonedelor prin intermediul unor diferite platforme descentralizate, precumBinance, KuCoin, Maiar, BitMart, FTX ș.a „Într-o primă etapă au fost identificate venituri de peste 131 milioane euro obținute de către 63 cetățeni români. Până în prezent, inspectorii DGAF au identificat cca.48,67 milioane euro omiși de la declarare, parțial sau integral,” potrivit comunicatului institutiei. Până […]
El Salvador purchased 80 bitcoin at $19,000 each, President Nayib Bukele said on Thursday, according to coindesk.com. “Bitcoin is the future. Thank you for selling cheap,” Bukele tweeted, and accompanied the text with screenshots of 40 purchases made on Thursday, which totalled $1.52 million. El Salvador’s last bitcoin purchase was in May, according to Bukele, when the Central American country acquired 500 coins for a total of $15.3 million, at a price of […]
As part of the digital shekel project, the Bank of Israel is studying technological alternatives and the opportunities and risks inherent in various technologies for applying a digital shekel system. „This involves both theoretical analysis and practical experiments that examine the various technologies,” according to the press release. The Bank of Israel is today publishing the outline and main insights from the first technological experiment conducted as part of the project. […]
The payments giant Visa has launched its first crypto cards in the Latin America region – and will debut its new products in Brazil and Argentina via a number of new partner firms. According to Expansión, Visa has “announced an alliance” with various fintech companies and IT startups in Brazil and Argentina that will let “users make transactions” with Visa cards – and receive crypto cashbacks every time they spend. In […]
Circle Internet Financial, a global internet finance firm and issuer of USD Coin (USDC), today announced that it is preparing to issue a fully-reserved, euro-pegged stablecoin from the United States called Euro Coin (EUROC). „Available June 30, Euro Coin is a regulated, euro-backed stablecoin issued under the same full-reserve model and built on the same pillars of trust, transparency, and security that have made USDC one of the world’s most trusted digital […]
Project „Sela”[1] will focus on Two-Tier Retail CBDC with Exposure-less Cyber Secure Intermediaries The BIS Innovation Hub, the Bank of Israel and the Hong Kong Monetary Authority will join forces to test the feasibility of a cyber secure two-tier retail CBDC. In the proposed model the intermediaries will have no financial exposure resulting from their customers’ on-boarding, holding or transferring CBDC, therefore reducing the risk and costs associated with financial intermediation. […]
A survey conducted by „Big Four” accounting firm Deloitte indicates that nearly 85% of executives from various U.S retail organizations expect digital currency payments to become “ubiquitous” among suppliers in their industry in the next five years. Nearly all the respondents agreed that the use of digital currencies for regular, everyday purchases will increase over the next few years. This trend is likely to grow as the technology continues to mature and merchants’ […]