Saturday, November 28, 2020
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Bank of Russia Fields Banking Industry Concerns Over Digital Ruble Proposal

The deputy chairwoman of the Bank of Russia, Olga Skorobogatova, met with representatives of several major banks Thursday, seeking early feedback on the concept of a digital ruble. According to Russian newspaper Kommersant, the bankers were chiefly concerned over how centralized the digital currency system, currently under consideration, might be

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Chinese Authorities Seize Over $4.2B Worth of Digital Assets from PlusToken Ponzi Scheme

The PlusToken Ponzi scheme is reported to have begun back in May 2018 and advertised a non-existent crypto arbitrage trading platform. Chinese law enforcement has seized cryptocurrencies worth over $4.2 billion from the PlusToken Ponzi scheme. Apparently, a total of 194,775 BTC, 833,083 ETH, 1.4 million LTC, 27.6 million EOS, 74,167

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Swiss Digital Asset Bank Sygnum Launches Blockchain Alternative to Stock Exchanges

Sygnum, a digital asset finance firm with a Swiss banking license, has launched what it says is a blockchain-based alternative to listing shares on a stock exchange.On Thursday, the company announced an “end-to-end tokenization solution,” comprising of both a primary market issuance platform called Desygnate, and SygnEx, a secondary market

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Galaxy Digital Bitcoin Funds Raise $59M as Institutional Cash Flows In

Galaxy Digital’s bitcoin funds raised $58.7 million in their first year as predominately high-dollar buyers staked their claim to the surging cryptocurrency. The institutional fund in particular appears to capture high-rollers’ spiking interest in bitcoin. With a minimum investment of $250,000, the $55 million fund attracted 33 investors for an

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In India, a Clash of Digital Innovation and Internet Censorship

Earlier this month, reacting to a decision by India’s highest court, prominent comedian Kunal Kamra tweeted that India’s Supreme Court is the “most Supreme joke of this country.” The following day, local media reported that Attorney General K. K. Venugopal greenlighted court proceedings against the comedian, based on a few tweets

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BoE policymaker says digital currencies could be part of ‘new monetary order’

The Bank of England, or BoE, is broadening its assessment of digital currencies, including evaluating how these assets could form the basis of a “new monetary order.”Andy Haldane, the Bank’s chief economist and sitting member of the Monetary Policy Committee, gave a speech on Wednesday at the TheCityUK 10th Anniversary Conference.

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