Friday, March 29, 2024
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Indian National Congress Accuses Modi-Led BJP of Covering Up Country’s Biggest Bitcoin Scam

“This is a case of intrigue, whitewash, concealment, and deception smack of a deep-rooted conspiracy. It is India’s biggest-ever ‘Bitcoin Scam Cover Up’ under the Karnataka BJP government,” Surjewala said in a press conference. “Instead of conducting a fair investigation, the BJP Government of Karnataka appears to be preoccupied with

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Venezuela’s New Digital Bolivar Isn’t Digital, and It Won’t Solve the Country’s Economic Crisis — CoinDesk

For smaller merchants, who work in dollars, the only thing that matters is the U.S. currency. “For us, the bolivar is practically irrelevant. We pay suppliers in dollars, all prices are dollarized. The only payments in bolivars are basic services, such as water, electricity and telephony,” Ernesto said. Original Source

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El Salvador Buys the Dip, Country’s BTC Stash Grows – News Bitcoin News

Bitcoin is now legal tender in El Salvador, and the country’s bitcoin stash has grown to 550 coins. The Salvadoran government started buying the cryptocurrency Monday ahead of the Bitcoin Law taking effect. On Tuesday, President Nayib Bukele said El Salvador bought the dip. El Salvador Buys More Bitcoin El Salvador’s Bitcoin

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China’s Digital Yuan Used for Payment in Country’s Financial Markets

China’s Dalian Commodity Exchange has successfully used the digital yuan for fees settlement in the nation’s futures market, making it the first real application of the People’s Bank of China (PBoC) issued digital currency in the finance sector, according to a report by China Securities News Network on August 23, 2021. Digital

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El Salvador president announces infrastructure already being built ahead of country’s Bitcoin adoption

Nayib Bukele, the president of El Salvador and the principal figure behind the country’s adoption of Bitcoin (BTC), said residents will have the opportunity to convert their crypto to fiat immediately after Bitcoin is recognized as legal tender. In a Sunday announcement on Twitter, Bukele said 4.5 million adults in El Salvador would

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Japanese bank Sumitomo Mitsui launches the country’s first ‘a-1’ rated security token

Japan-based bank Sumitomo Mitsui Trust Bank, or SMTB, has launched its first asset-backed securities token in partnership with Securitize on March 29. The instrument is the first security token compliant with the Financial Instruments and Exchange Act (FIEA) to launch in the Japanese Market. The token has received an “a-1

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Reported volume of top South Korean crypto exchanges surpasses that of the country’s stock market

The volume of transactions in the South Korean digital currency market briefly exceeded the daily average transaction amount of the country’s stock market on Sunday.According to data from CoinMarketCap, the combined 24-hour volume of major South Korea-based crypto exchanges UPbit, Bithumb, Coinone, and Korbit was more than $14.6 billion on

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IBM, Top Australian Banks Execute Country’s First Blockchain Bank Guarantee

A digital bank guarantee has just been executed over a blockchain system in Australia, in what’s being called a first for a commercial bank product in the nation.Lygon, a blockchain-based platform and joint venture between the ANZ, Westpac and Commonwealth banks, shopping center operator Scentre Group and IBM, announced the

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Venezuela Bans Bitcoin Mining Operations in the Country’s Public Housing Sector

According to the Venezuelan Minister of Habitat and Housing, the government has banned mining operations in any low-income neighborhoods with subsidized housing. Ildemaro Villarroel told the public the restrictions are due to “high power consumption” in those areas.The United Socialist Party of Venezuela has decided to not allow cryptocurrency

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