The Bank of England (BOE) is urging UK banks to expedite their digital payment solutions as cash use declines. The BOE’s recent paper highlights the need for innovations that allow direct payments from bank accounts, bypassing credit and debit cards, to save time and costs for consumers and retailers. The British central bank is developing…
Bitcoin miner Argo Blockchain has announced a private placement of its ordinary shares and accompanying warrants to an institutional investor. The transaction is expected to generate gross proceeds of approximately £6.5 million ($8.3 million). Argo Blockchain Announces $8.3 Million Private Placement According to the announcement, the bitcoin miner Argo Blockchain (Nasdaq: ARBK) will issue 57.8…
According to a Bloomberg Report, Russia will soon legalize the use of cryptocurrencies for payments. This move is aimed at easing the growing difficulties faced by companies in making foreign payments due to U.S. sanctions over the war in Ukraine. Details on the New Bill and Legislation On Tuesday, Lawmakers in the State Duma, Russia’s…
The World Gold Council’s Q2 2024 report highlights a year-on-year increase in gold demand, marking the highest second-quarter demand since 2000. This surge is fueled by central bank purchases and OTC investments, with central bank gold buying up by 6% and technology sector demand rising by 11%. Q2 2024 Sees Record Gold Demand The World…
The University of Wyoming has launched a Bitcoin research institute to produce high-quality peer-reviewed publications about bitcoin from all academic disciplines. The institute’s director highlighted the need for informed research, criticizing previous work for its lack of fundamental understanding of bitcoin. University of Wyoming Launches Bitcoin Research Institute The University of Wyoming (UW) has launched…
Russia plans to launch international cryptocurrency payments by the end of the year to counter Western sanctions, according to the governor of the Bank of Russia. The central bank is prepared to be flexible and is already discussing the conditions of this initiative with various ministries, agencies, and businesses. In addition, Russia’s State Duma, the…
Brad Garlinghouse, CEO of Ripple, criticized the U.S. Securities and Exchange Commission’s inconsistent regulatory practices after the regulator revealed its intention to amend its complaint against Binance concerning the security status of certain crypto tokens. He highlighted the contradiction between SEC Chair Gary Gensler’s statements and the agency’s actions, emphasizing the need for clear, consistent…
Transparency is paramount in the crypto space, as it builds trust and ensures fair operations. BlockDAG stands out in this regard, surpassing ICP and BNB. Its clear communication and reveal of SwissOne Capital co-founder as the CEO in the crypto industry offer investors detailed insights and confidence. The recent presale raised $62.8 million in Batch…
BlackRock has confirmed it has no plans to launch a Solana (SOL) ETF anytime soon, despite the roaring success of its Bitcoin and Ethereum spot ETFs launched this year. The company’s dismissal of small-cap altcoins leaves room for other asset managers to compete in this area, with some already filing to launch the product. BlackRock’s…
Microstrategy’s executive chairman, Michael Saylor, predicts that by 2045, bitcoin’s price could range from a bear case of $3 million to a bull case of $49 million, with a base case of $13 million. He highlighted bitcoin’s role in revolutionizing the global economy, advocating for its adoption as a primary treasury asset to ensure economic…