CZ predicts ‘existential implications’ for anti-crypto traditional finance
While the reluctance of traditional players is a deterrent to crypto’s adoption in the short term, CZ argues that the decision might backfire over the next two decades.
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Moody’s to build scoring system for stablecoins: Report
Moody's is allegedly developing a scoring system for stablecoins, with analysis of up to 20 digital assets.
Iran and Russia Consider Issuing Gold-Backed Stablecoin, Officials Unveil
Tehran and Moscow are discussing the possible launch of a stablecoin for international settlements, the Russian press revealed. In order to mint the gold-backed currency, however, authorities would need to…
Georgia Prepares to Launch Digital Lari Pilot in First Half of 2023
The central bank of Georgia intends to publish a document detailing the concept of a national digital currency in the coming months. Other participating parties will use it to finalize…
Bank of Russia Outlines Payment Models With Digital Ruble, Other CBDCs
The Central Bank of Russia has detailed two methods for implementing the digital ruble and other state-backed coins in international settlements. The monetary authority also plans to start testing consumer-to-business…
Crypto service Tap Global becomes first 2023 listing on UK stock exchange
The company provides regulated bank accounts and offers crypto purchases through affiliated exchanges.
Ripple exec expects more crypto acquisitions by TradFi in 2023
Crypto acquisitions in 2023 will further strengthen the industry in the aftermath of casualties like the FTX collapse, a Ripple exec predicted.
Report: Confirmation of Silvergate’s $8 Billion Deposit Plunge Sees Stock Price Drop by More Than 40%
The price of the crypto-focused bank Silvergate Capital’s shares fell by over 40% after it reported a more than $8 billion drop in customer deposits. The share price plunge came…
ECB’s Fabio Panetta: Unbacked Cryptos Are a ‘Vehicle for Gambling’ Lacking ‘Intrinsic Value’
Fabio Panetta, part of the Executive Committee of the European Central Bank (ECB), believes that unbacked cryptocurrency assets are vehicles for gambling without intrinsic value, which need to be regulated.…
Bill on Digital Ruble Submitted to Russian Parliament
A draft law devoted to the digital ruble has been filed with the State Duma, the lower house of Russian parliament. The legislation introduces rules determining how the new form…
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