Reserve Bank of India Is Working on ‘Phased Implementation’ of Central Bank Digital Currency

Independently, a minister of state from the Ministry of Finance and a Reserve Bank of India official have provided updates on the progress of the central bank in issuing a central banking digital currency (CBDC). Local media quoted Ajay Kumar Choudhary, RBI Executive Director, as saying during the keynote speech at Wednesday’s PICUP Fintech Conference […]

SEC Chair Gensler Affirms Bitcoin Is a Commodity – ‘That’s the Only One I’m Going to Say’

In an interview on Monday with Jim Cramer, the Chairman of SEC Gary Gensler clarified what he thinks about cryptocurrency, especially bitcoin, during a conversation on CNBC. “This is a highly speculation asset class. Gensler stated that this is something we have known for a while when asked about cryptocurrency. He cited the “ups and downs” of […]

Oman’s Oil Companies to Mine Bitcoin with Excessive Gas

Oman Investment Authority was a sovereign wealth fund that participated in the $350m Series C financing round of Crusoe Energie. Crusoe Energy is based in Denver and pioneered the use of cryptocurrency mining to cut gas flaring. Bloomberg reports. Chase Lochmiller, Crusoe Energy CEO, stated that the company would open a Muscat office to capture flared […]

El Salvador’s bitcoin bond reportedly hasn’t lured a single investor, and markets are bracing for a default on conventional debt

El Salvador’s cryptocurrency bond is not attracting investors. In fact, according to Bloomberg , there hasn’t been one buyer for the crypto-backed offering. Nayib Buke, a millennial president, is seeking $1 Billion for the cryptobacked bond. However, he has been met with skepticism by credit agencies and International Monetary Fund. Bukele’s request to legalize bitcoin has […]

Economist Predicts the Fed’s Response to Inflation Will Push Crypto Higher

Mohamed El-Erian, an economist, spoke to CNBC Monday about the U.S. economy and markets. He also discussed the Federal Reserve’s response against inflation. El-Erian is president of Queens College, Cambridge University. El-Erian is also the Chief Economic Advisor at Allianz. Allianz is the corporate parent to PIMCO, which was where he served as CEO and cochief […]

Russia’s Sberbank Denies Involvement in Recently Launched ‘Sbercoin’

Sbercoin is a crypto-project. Finance has promised investors a fixed annual percentage yield of 383,025.80% on money they put in a token linked to Sberbank. Sberbank is Russia’s largest and most state-owned banking institution. “Sbercoin,” which was advertised as the “world’s first auto-staking and USDT rewards token”, was listed on Pancakeswap last week, but has since lost […]

Coinbase Now Allows Cardano Staking Services, Firm ‘Plans to Continue to Scale Staking Portfolio’

According to Rupmalini Sahu, the Coinbase executive, Cardano holders will now be able to leverage the cryptocurrency trading platform Coinbase in order to stake their ADA. According to Rupmalini Sahu, Coinbase’s senior product manager, staking on Coinbase is easy and secure. Sahu claims that the current staking annual yield (APY), on Coinbase, is 3.75%. Users can then get rewards after a […]