Reading Time: < 1 minute The International Monetary Fund strongly urges for the prohibition of cryptocurrencies as a form of payment, stating that their legalization could cause instability in the financial sector.
Author: Megan Jones
Starbucks Abandons its NFT Program
Reading Time: < 1 minute Starbucks has announced that it will be discontinuing its digital collectible stamp program, where customers could earn and buy non-fungible tokens (NFTs).
Bitcoin Mining Difficulty Hits a New Record High
Reading Time: < 1 minute Following the most recent recalculation, the difficulty of mining the primary cryptocurrency increased by 5.79%.
Michael Saylor Says Bitcoin Should Be Considered as a Safe Haven Asset
Reading Time: < 1 minute Saylor believes that considering Bitcoin solely as a currency is a mistake, and instead it should be seen as a secure asset.
Philippines Believes Digital Peso Will Accelerate Financial System Modernization
Reading Time: < 1 minute The ultimate goal of this project is to digitalize the payment infrastructure and make the CBDC an integral component of the new financial system.
Tether to Deploy USDT on Celo’s Blockchain
Reading Time: < 1 minute Tether plans to launch its USDT stablecoin on Celo’s EVM-compatible Layer 1 blockchain in the near future.
Israel to Launch an Interest-bearing Shekel Digital Currency
Reading Time: < 1 minute The central bank of Israel has announced plans to support a new digital version of the Israeli shekel, which could potentially offer interest-bearing options.
Lightning Network’s USD Capacity Hits Record High
Reading Time: < 1 minute The Lightning Network has seen a significant increase in its US dollar capacity in the past month, jumping up by 37%.
Binance Opens Trading Pairs for BNB, BTC and ETH with Yen
Reading Time: < 1 minute Binance has announced that it will now offer spot trading pairs between BNB, BTC, and ETH with the Japanese yen (JPY) on both its global platform and its Japanese trading division.