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Bitcoin
Chinese City of Jinan Implements Digital Yuan Payments for Public Transportation Fares
Jinan, the capital of the Chinese province of Shandong, has recently included the digital yuan as a means of payment for its public transportation system. According to local sources, digital yuan payments were implemented on July 1 in all…
Bitcoin No Longer Correlated to U.S. Stocks, Crypto Analytics Firm Block Scholes Says
The 90-day rolling correlation between bitcoin and Nasdaq, S&P 500 is now at the lowest level observed since July 2021, according to data tracked by crypto derivatives analytics firm Block Scholes.
US Representative Warren Davidson: ‘CBDC Corrupts Money Into a Tool for Coercion’
Warren Davidson, U.S. representative and part of the House Committee on Financial Services, has disregarded issuing a central bank digital currency (CBDC) in the country. Davidson explained that CBDCs corrupt money into a “tool for…
Mark Cuban Says SEC Makes Mistakes in Crypto Regulation, Calls Regulator ‘Arrogant’
Mark Cuban, a Shark Tank star and owner of the NBA team Dallas Mavericks, has slammed the U.S. Securities and Exchange Commission (SEC) for taking a wrong approach to regulating the crypto industry. “The SEC is not infallible. It makes…
First Mover Asia: Bitcoin Holds Above $30.5K at the End of a Quiet, Long Weekend
PLUS: Dismissing the very real prevalence of Ponzi schemes in GameFi isn't a good look for Web 3.
Xi Jinping, Vladimir Putin Push for Increased Settlements in National Currencies
Chinese President Xi Jinping and Russian President Vladimir Putin have pushed for the increased use of national currencies in mutual settlements as more countries shift away from the U.S. dollar. “I consider it essential to increase…
New BRC69 Token Standard Promises 90% Savings for Bitcoin’s Ordinal Inscriptions
While Ordinal inscriptions continue to rise, nearing the 15 million range, a new token standard was revealed on July 3 called BRC69. According to the creators of the concept, it can reduce the costs of inscriptions for Ordinal collections…
Former SEC Official Calls CBDC ‘the Most Absurd Financial Idea’ Citing Unnecessary Risks, Privacy,…
The U.S. Securities and Exchange Commission’s (SEC) former head of internet enforcement has called the creation of a central bank digital currency (CBDC) “the most absurd financial idea in the history of monetary policy.” He warned…
Latest Thai Securities Guidelines Require Digital Asset Platforms to Issue Crypto Trading Risk…
According to Thailand’s securities regulator, digital asset service providers will be required to warn prospective investors of the risks that come with trading or investing in cryptocurrencies. The guidelines also state that starting…
UK Finance: Digital Pound Holdings Should Be Limited to £5,000 to Avoid Panic
U.K. Finance, one of the largest finance membership organizations in the U.K., has issued its recommendations to the Bank of England regarding the issuance of a digital pound. The organization stated that individual holdings of the proposed…