The global financial landscape is shifting as countries explore Central Bank Digital Currencies (CBDCs) to improve payment systems. CBDCs enable faster, cheaper, and direct currency exchanges between nations, reducing the reliance on the U.S. dollar. With projects like China’s digital yuan gaining momentum, the U.S. risks losing its dominant position if it does not modernize ...
In 2023, crypto ownership among American adults surged to 40%, fueled by the trend of receiving payment in cryptocurrencies for freelance work. A significant number of millennials and younger people prefer to be paid partly in crypto, making the concept of crypto payroll more popular. This system allows workers to receive pay in digital currencies ...
In 2023, crypto ownership among American adults soared to 40%, driven by trends like getting paid in digital currency for freelance work. This shift highlights the growing acceptance of cryptocurrencies like Bitcoin and Ethereum in everyday transactions. Many people, especially younger generations, prefer receiving part of their salaries in crypto. While there are benefits such ...
This year, Bitcoin’s price soared past $100,000, bringing attention to the idea of a strategic Bitcoin reserve, similar to the Strategic Petroleum Reserve. Proposed in the Bitcoin Act of 2024, this reserve aims to support the struggling U.S. economy and national debt management. Advocates like Michael Saylor suggest it could create significant wealth for the ...
Sberbank, Russia’s largest bank, has officially joined the digital ruble pilot program alongside TBank and Tochka Bank. The Central Bank of Russia has mandated that all major banks in the country must incorporate digital ruble functionalities by July 2025, or they will incur penalties. The pilot program now includes 15 banks, with plans for more ...
The online casino and sports betting scene in Canada has experienced remarkable growth, thanks to technological advancements and changing attitudes towards digital gambling. With provinces like Quebec, Ontario, and British Columbia offering their regulated platforms, Canadians can enjoy a wide range of casino games and sports betting options, including the rising trend of cryptocurrency casinos. ...
In 2024, the buzz around memecoins has surged dramatically, jumping from 8.32% to 31% of investor focus. These cryptocurrencies, often inspired by internet jokes, have captivated retail investors and transformed the landscape of digital assets. Memecoins like Dogecoin and newer entries such as PNUT and Moo Deng highlight a playful yet impactful aspect of crypto, ...
Russian businesses are increasingly using bitcoin and other cryptocurrencies for international payments due to new laws that help them bypass Western sanctions. This trend follows sanctions imposed after Russia’s invasion of Ukraine, which made trading with countries like China and Turkey more challenging. Russian Finance Minister Anton Siluanov mentioned that these crypto transactions are already ...
The cryptocurrency investment wave in South Korea has seen a significant milestone, with over 15 million residents now involved, which is about 30% of the population. This surge is attributed to the optimism surrounding US President-elect Donald Trump’s commitment to enhancing the crypto Market. According to the Bank of Korea, the number of retail crypto ...
In Hyderabad, the Telangana Cyber Security Bureau has arrested 21 individuals involved in a major cybercrime scheme. These suspects are accused of withdrawing over 8.20 crore INR from victims and converting the stolen funds into cryptocurrency. Out of the 21 arrested, 13 used their bank accounts to facilitate the withdrawals, while the other eight acted ...
