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Category: News

Can The US Dollar Survive The Onslaught of Alternative Digital Currencies
News

Can The US Dollar Survive The Onslaught of Alternative Digital Currencies

July 8, 2021July 8, 2021

Most financial analysis believe that the dollar’s role as the world’s reserve currency will remain intact for the foreseeable future, its value will rise and

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Circle to Merge with Bob Diamond-Backed SPAC Deal in $4.5 billion Deal
News

Circle to Merge with Bob Diamond-Backed SPAC Deal in $4.5 billion Deal

July 8, 2021July 8, 2021

Circle Announces SPAC Deal With Plans to Go Public The payments technology company Circle founded by Sean Neville and Jeremy Allaire in 2013 plans to go

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Visa Customers Spent $ 1 Billion Dollars of Cryptocurrencies in First Half of 2021
News

Visa Customers Spent $ 1 Billion Dollars of Cryptocurrencies in First Half of 2021

July 7, 2021July 7, 2021

More than $1 Billion Dollars was spent by Visa users on products and services through cryptocurrency-linked cards globally in the first six months of the

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Brazil’s ‘Bitcoin King’ Arrested, Alleged He Defraud Over $300 Million
News

Brazil’s ‘Bitcoin King’ Arrested, Alleged He Defraud Over $300 Million

July 7, 2021July 7, 2021

Brazil Federal Police Arrest “Bitcoin King” of the Banco Group, Defraud over $300 Million A self-proclaimed Bitcoin King has been arrested in Brazil on charges of embezzling

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Chinese Bank Employees Told to Lure Customers to Use the Digital Yuan
News

Chinese Bank Employees Told to Lure Customers to Use the Digital Yuan

July 7, 2021July 7, 2021

The Chinese Central Banks are staying ahead of the proverbial digital asset curve by advertising there CBDC to it’s citizens, with all types of marketing

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FinCEN Appoints  First Ever Chief Digital Currency Advisor & First Director of Strategic Communications
News

FinCEN Appoints First Ever Chief Digital Currency Advisor & First Director of Strategic Communications

July 7, 2021July 7, 2021

Today, the Financial Crimes Enforcement Network (“FinCEN”) issued a press release, announcing additional leadership positions to work within the digital currency ecosystem. (FinCEN) Acting Director Michael

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Bank of Jamaica Has Announced Plans To Roll-Out its CBDC Next Month
News

Bank of Jamaica Has Announced Plans To Roll-Out its CBDC Next Month

July 7, 2021July 7, 2021

The Bank of Jamaica (BOJ), now on the cusp of rolling out its much anticipated Central Bank Digital Currency (CBDC). The BOJ says that it

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Swiss Bank Sygnum Becomes First Bank Ever to Offer ETH 2.0 Staking
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Swiss Bank Sygnum Becomes First Bank Ever to Offer ETH 2.0 Staking

July 6, 2021July 6, 2021

Sygnum Bank announced on a blog post, that it is the first bank to offer Ethereum 2.0 staking. Clients can conveniently and securely stake Ethereum,

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China’s Beijing Shuts Down Software Firm Suspected to Provide Services to Crypto Companies
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China’s Beijing Shuts Down Software Firm Suspected to Provide Services to Crypto Companies

July 6, 2021July 6, 2021

The People’s Bank of China (China’s central bank) has collaborated with authorities in the country’s capital, Beijing, to shut down a software company alleged to

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Ransomware Group Demands $70 Million in Bitcoin To Decrypt Systems Locked in Kaseya Attack
News

Ransomware Group Demands $70 Million in Bitcoin To Decrypt Systems Locked in Kaseya Attack

July 5, 2021July 5, 2021

The REvil ransomware gang is asking for a $70 million ransom payment to publish a universal decryptor that can unlock all computers locked during the Kaseya

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