Auto Added by WPeMatico

Digital Ruble Poses Risks to Financial Sector and Security, Russian Lawmakers Warn

Russian parliamentarians have cautioned against risks associated with the introduction of a digital ruble. Among them are the likely increase of competition pressure on banks and new challenges that may…

Continue ReadingDigital Ruble Poses Risks to Financial Sector and Security, Russian Lawmakers Warn

US City Installs Crypto ATM at Airport After Accepting Cryptocurrency for Payments

The U.S. city of Williston in North Dakota is installing a cryptocurrency ATM at its international airport. “This marks the first government-hosted cryptocurrency kiosk,” the city said. Williston also accepts…

Continue ReadingUS City Installs Crypto ATM at Airport After Accepting Cryptocurrency for Payments

Report: Leading NFT Marketplace Opensea Presented With $10 Billion Valuation, Investors Are ‘Clamoring’

On November 17, a report disclosed that the leading non-fungible token (NFT) marketplace, Opensea, is “fielding new investment offers” according to two unknown sources familiar with the matter. The investment…

Continue ReadingReport: Leading NFT Marketplace Opensea Presented With $10 Billion Valuation, Investors Are ‘Clamoring’

Digital Ruble Should Not Boost Inflation, Bank of Russia Says

Bank of Russia is preparing for a prolonged trial of the digital version of the national fiat to ensure this is a “full-fledged ruble,” the head of the monetary authority…

Continue ReadingDigital Ruble Should Not Boost Inflation, Bank of Russia Says

‘Big Short’ Investor Michael Burry Says ‘I’ve Never Shorted Any Cryptocurrency’ — Warns of the Biggest Bubble

Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, says that he has never shorted any cryptocurrency. He further warned that the current bubble is the biggest…

Continue Reading‘Big Short’ Investor Michael Burry Says ‘I’ve Never Shorted Any Cryptocurrency’ — Warns of the Biggest Bubble

Paradigm Launches $2.5 Billion Venture Fund to Invest in Next Generation of Crypto Companies and Protocols

Investment firm Paradigm has launched a $2.5 billion venture fund to invest in the next generation of crypto companies and protocols. The firm believes that the “new fund and its…

Continue ReadingParadigm Launches $2.5 Billion Venture Fund to Invest in Next Generation of Crypto Companies and Protocols

Digital Ruble to Give Russians What They Need, Bank of Russia Governor Says

The digital ruble is what Russian citizens need as it will facilitate inexpensive and reliable payments, the head of Bank of Russia, Elvira Nabiullina, told participants in an international banking…

Continue ReadingDigital Ruble to Give Russians What They Need, Bank of Russia Governor Says

Russia to Change 13 Laws and Codes for Digital Ruble

Authorities in Russia are gearing up to amend various pieces of legislation to facilitate the issuing and function of the digital ruble. Officials in Moscow believe this version of the…

Continue ReadingRussia to Change 13 Laws and Codes for Digital Ruble

Digital Euro Should Be Attractive But Not ‘Too Successful,’ ECB’s Panetta Says

The digital euro should be an attractive means of payment but its design should prevent it from becoming so successful as a store of value that it threatens banks and…

Continue ReadingDigital Euro Should Be Attractive But Not ‘Too Successful,’ ECB’s Panetta Says