Cryptocurrencies

Visa Surpasses One Billion Tokens in Asia-Pacific, Boosting Digital Payment Security
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Visa Surpasses One Billion Tokens in Asia-Pacific, Boosting Digital Payment Security

Visa has announced a major achievement in the Asia-Pacific region, with its Visa Token Service (VST) generating over one billion tokens. This milestone underscores significant progress in enhancing the security and efficiency of digital payments. Launched in 2014, VST improves the safety of online transactions by substituting traditional 16-digit credit and debit card numbers with...

Bitlux Integrates Cryptocurrency for One-Third of Private Jet Bookings
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Bitlux Integrates Cryptocurrency for One-Third of Private Jet Bookings

Bitlux, a leading private aviation company based in Boca Raton, Florida, has disclosed an industry-leading trend: the use of cryptocurrencies for approximately one-third of its flight bookings. This adoption reflects a significant move towards digital payment methods in the luxury travel sector. Since the beginning of 2021, Bitlux has completed almost 1,000 occupied flights and...

Nigeria Enforces Crypto Exchange Ban Amid Naira Decline
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Nigeria Enforces Crypto Exchange Ban Amid Naira Decline

Nigeria has initiated a blockade on several leading cryptocurrency exchanges, including Binance, Coinbase, and Kraken, in an effort spearheaded by the Nigerian Communications Commission (NCC). This drastic measure aims to curb currency speculation and stabilize the rapidly depreciating naira, which has hit record lows against the dollar. The telecoms regulator’s directive to restrict access to...

Federal Reserve’s CBDC Discussions Intensify Amid Cryptocurrency Surge
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Federal Reserve’s CBDC Discussions Intensify Amid Cryptocurrency Surge

Recent leaks from a closed-door meeting have unveiled that discussions about a Central Bank Digital Currency (CBDC), often referred to as the digital dollar, are advancing within the Federal Reserve. This revelation comes at a time when the cryptocurrency market, particularly Bitcoin and Ethereum, is experiencing a significant upturn, drawing renewed attention and legitimacy from...

US Senators Show Growing Support for Cryptocurrency Initiatives
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US Senators Show Growing Support for Cryptocurrency Initiatives

In a notable shift within the US political scene, data from Coinbase’s Stand with Crypto indicates a growing support for cryptocurrency among 18 US senators. This trend is predominantly observed within the Republican Party, spearheaded by notable figures such as Cynthia Lumnis and Ted Burr. Pro-Crypto Senators Lead Legislative Efforts Senators Cynthia Lumnis and Ted...

Top Miner Employees Receive Dividend Payments in Digital Financial Assets
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Top Miner Employees Receive Dividend Payments in Digital Financial Assets

Nornickel, known globally for its nickel and palladium production, has taken a unique step in employee compensation by venturing into the world of digital assets. Last year, the miner initiated the Digital Investor program, where employees receive ‘minetokens’ — digital financial assets linked to the company’s stock. This move, launched in March 2023, represents a...

Terraform Labs Announces Bankruptcy Amidst Sector Challenges
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Terraform Labs Announces Bankruptcy Amidst Sector Challenges

In an unexpected turn of events, Terraform Labs, a notable player in the blockchain sector, has filed for bankruptcy. This development sends ripples through the crypto community, marking a significant shift in the landscape of blockchain enterprises. Terraform Labs, known for its innovative approaches in the blockchain domain, has faced numerous challenges leading to this...

Donald Trump Vows to Block Government-Controlled Digital Currency
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Donald Trump Vows to Block Government-Controlled Digital Currency

Former President Donald Trump has publicly declared his opposition to the development of a government-controlled digital currency, commonly referred to as Central Bank Digital Currencies (CBDCs). This declaration was made during a recent speech in New Hampshire, where Trump emphasized his concerns about government overreach in monetary matters. Trump’s primary apprehension revolves around the potential...

Venezuela Abandons Petro Cryptocurrency Amidst Economic Crisis
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Venezuela Abandons Petro Cryptocurrency Amidst Economic Crisis

The government of Venezuela has officially terminated its Petro (PTR) cryptocurrency programme, marking the end of an ambitious but troubled endeavor. Launched in 2018 as a measure to support the nation’s struggling currency, the bolivar, Petro was initially backed by Venezuela’s rich oil reserves. However, the programme faced significant challenges and controversies, ultimately leading to...

Bank of Spain Partners with Adhara and Cecabank-Abanca Consortium for Wholesale CBDC Trials
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Bank of Spain Partners with Adhara and Cecabank-Abanca Consortium for Wholesale CBDC Trials

The Bank of Spain is taking a step in exploring the potential of a wholesale central bank digital currency (CBDC) by partnering with Adhara, a treasury and transactions payment platform, and a consortium formed by two private banks, Cecabank and Abanca. This initiative marks a distinct phase in the bank’s exploration of digital currency technology,...