XRP Hits $2.77, Becomes Third-Largest Crypto Amid Market Frenzy

December 2, 2024 Bitcoin.com

XRP Hits .77, Becomes Third-Largest Crypto Amid Market Frenzy

bitcoin.com

Over the past day, XRP, the digital currency, has climbed more than 41% against the U.S. dollar, marking a 431% increase overall. Trading Mania: XRP’s Explosive Rally Draws Global Attention Currently riding a wave of momentum, XRP is trading at $2.77 per coin as of 11:20 a.m. ET on Dec. 2. This price point positions […]

Rise of MicroStrategy clones, Asia dominates crypto adoption: Asia Express 2024 review

Chinese microchip company says it’s now accepting Bitcoin as payment

November 12, 2024 Coin Telegraph

Bitcoin Payments

Huangzhou-based crypto mining chip maker Nano Labs saw its share price rise slightly after announcing it will start accepting Bitcoin as payment.

Shares in China-based crypto mining chip designer Nano Labs rose slightly after announcing it is now accepting Bitcoin as payment for its goods and services through a business account on Coinbase.

In a Nov. 11 statement, the Huangzhou-based crypto mining chip maker, which is listed on the Nasdaq, said the move was part of a “commitment to embracing the latest in financial technology” as demand increases for “digital currency transactions in the technology sector.”

Nano Labs said it was taking a “proactive stance in the evolving digital economy” as crypto “adoption continues to grow, particularly among businesses seeking efficient and secure cross-border transactions.”

Rise of MicroStrategy clones, Asia dominates crypto adoption: Asia Express 2024 review

Will Banks Survive? Bank of England Prepares to Launch CBDC if Innovation Stalls

October 28, 2024 Bitcoin.com

Bank of England

The Bank of England cautions it could deploy a digital currency if commercial banks falter, signaling a potential upheaval in the future of money. Digital Payments Showdown: BOE Set to Roll Out CBDC if Banks Slip Behind Bank of England (BOE) Governor Andrew Bailey shared his outlook on the evolution of digital payments in a […]

Rise of MicroStrategy clones, Asia dominates crypto adoption: Asia Express 2024 review

Norway’s Central Bank on CBDC Progress: We’re Not Falling Behind

October 24, 2024 Bitcoin.com

bitcoin.com

Norway’s central bank is on track to decide by 2025 whether to adopt a central bank digital currency (CBDC), but officials stress there’s no urgency. Despite Norway’s cashless society, with only 2% using cash, the bank is carefully studying both retail and wholesale CBDC options, emphasizing complex issues and the need for collaboration with other […]

Rise of MicroStrategy clones, Asia dominates crypto adoption: Asia Express 2024 review

Global Finance Faces a Shift as Mbridge Digital Currency Platform Challenges US Dollar

October 24, 2024 Bitcoin.com

Asean

The People’s Bank of China emphasized the Mbridge platform’s role in improving cross-border payments through the use of central bank digital currencies (CBDCs), aiming to reduce inefficiencies and avoid new barriers. The platform, which targets underserved regions like ASEAN, could reshape global finance and challenge the U.S. dollar’s dominance while requiring careful coordination to maintain […]

Rise of MicroStrategy clones, Asia dominates crypto adoption: Asia Express 2024 review

International agencies report on tokenization to G20 officials

October 22, 2024 Coin Telegraph

BIS

The Bank for International Settlements and the Financial Stability Board have similar views on tokenization — it could provide new benefits and familiar challenges.

The Bank for International Settlements (BIS) and the Financial Stability Board (FSB) have both released a series of papers ahead of the Group of 20 (G20) Finance Ministers and Central Bank Governors meeting on Oct. 23 and 24.

Brazil is the president of the G20 world’s largest economies for 2024 and, like India last year, it called for a discussion of digital currency.

Both the BIS and FSB released papers on tokenization on Oct. 22. Although their studies were carried out independently, the BIS and FSB emphasized common themes.

Rise of MicroStrategy clones, Asia dominates crypto adoption: Asia Express 2024 review

How Bitcoin’s Success Could Be Fueling Poverty for Latecomers and Non-Holders, ECB Economists Claim

October 21, 2024 Bitcoin.com

Bitcoin

Bitcoin’s rise is enriching early adopters at the expense of society, according to a paper by European Central Bank (ECB) economists. They argued that bitcoin’s speculative growth leads to wealth redistribution, where early investors gain while non-holders and latecomers are left poorer. Economists warn this dynamic could harm societal stability, deepening inequality and threatening democracy […]

Rise of MicroStrategy clones, Asia dominates crypto adoption: Asia Express 2024 review

Russia Pushes Digital Currency Plan for BRICS — Is This the End of Western Financial Dominance?

October 21, 2024 Bitcoin.com

bitcoin.com

Russian President Vladimir Putin has unveiled a plan to introduce digital currencies as a key tool for investment for the BRICS alliance. This proposal aims to boost economic growth in developing nations, with a focus on minimizing inflationary risks. By involving BRICS members and other developing countries, Putin sees this initiative as a critical step […]

Rise of MicroStrategy clones, Asia dominates crypto adoption: Asia Express 2024 review

Crypto ATMs Coming to 45 New Locations Across Five US States

October 19, 2024 Bitcoin.com

Allsup's

Cryptocurrency is becoming more accessible across the U.S. with the expansion of digital currency kiosks to 45 new locations in the Southwest and Midwest. Yesway, a fast-growing convenience store chain, is partnering with Coinflip to bring crypto ATMs to its customers, offering a seamless and secure way to buy and sell bitcoin and other digital […]

Rise of MicroStrategy clones, Asia dominates crypto adoption: Asia Express 2024 review

BRICS Unified Currency Deemed Premature by Russian Official

October 8, 2024 Bitcoin.com

bitcoin.com

Russia’s Deputy Foreign Minister has stated that discussions on a single currency for the BRICS economic bloc are premature due to differences in financial regulation among member nations. Instead, the focus remains on enhancing financial sovereignty and exploring national currencies for trade. Ryabkov highlighted ongoing efforts to strengthen the bloc’s economic independence, with authorities actively […]

Digital currency