#currency

12:53am, 22nd August, 2023

Gold-backed BRICS currency will be 'very hard' to deliver: Lyn Alden

A BRICS common currency will be challenging to initiate and maintain, though efforts to dethrone the US dollar could have an impact on Bitcoin, says investment strategist Lyn Alden.

Gemini files lawsuit against Digital Currency Group and Barry Silbert over Genesis and Earn program

10:39am, 7th July, 2023

Crypto Wiki

Gemini files lawsuit against Digital Currency Group and Barry Silbert over Genesis and Earn program

Gemini co-founder Cameron Winklevoss alleged Barry Silbert committed fraud by knowing Genesis was “massively insolvent” when attempting to continue the Earn program.

Belgian financial regulator orders Binance to cease all virtual currency services

12:40pm, 23rd June, 2023

Crypto Wiki

Belgian financial regulator orders Binance to cease all virtual currency services

The regulator said Binance must cease “with immediate effect” all crypto-related services in Belgium after being unable to provide sufficient information on its non-EEA companies.

Five US enforcement agencies form new digital currency anti-crime task force

4:47pm, 20th June, 2023

Crypto Wiki

Five US enforcement agencies form new digital currency anti-crime task force

The agencies have worked together for years, but now their joint efforts are official as they plan to ramp up activity.

2:56am, 14th May, 2023

Crypto Wiki

Can memecoins be used as real currency?

Memecoins can be used as a form of currency, although their acceptance and stability may vary.

Zimbabwe's central bank to issue gold-backed digital currency: Report

1:24pm, 23rd April, 2023

Crypto Wiki

Zimbabwe's central bank to issue gold-backed digital currency: Report

The Reserve Bank of Zimbabwe plans to introduce a gold-backed digital currency as legal tender in a bid to stabilize its local currency.

Ripple, Montenegro sign deal on project for unspecified national digital currency

3:16am, 11th April, 2023

Crypto Wiki

Ripple, Montenegro sign deal on project for unspecified national digital currency

The deal, teased in January, could create a national digital currency for a country that now uses the euro.

Texas’ gold-backed digital currency project: Law Decoded, April 3–10

2:26pm, 10th April, 2023

Crypto Wiki

Texas’ gold-backed digital currency project: Law Decoded, April 3–10

While Ted Cruz and Ron DeSantis attack the idea of American CBDC, Texan lawmakers propose to create a statewide one.

Texas lawmakers propose a gold-backed state digital currency

1:25am, 9th April, 2023

Crypto Wiki

Texas lawmakers propose a gold-backed state digital currency

The pair of bills state that the trustee is required to hold a sufficient amount of gold in reserve for all units of digital currency that have been issued and still in circulation.

Nigeria CBDC adoption spikes as fiat currency shortage grip the nation

3:35am, 22nd March, 2023

Crypto Wiki

Nigeria CBDC adoption spikes as fiat currency shortage grip the nation

The acute cash shortage in Nigeria was due to the central bank’s decision to replace older bank notes with bigger denominations amid rising inflation.