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Search Results for: cbdc

History Channel’s Twitter Account Hacked To Promote XRP Scam

History Latinoamérica’s (@HistoryLA) Twitter account was hacked. And used to spread a hoax concerning Ripple CEO Brad Garlinghouse and the cryptocurrency XRP. A picture of Garlinghouse and the word “VICTORY!!” were tweeted with a bogus link from the hijacked account. Authorities and individuals alike are becoming concerned about the prevalence

April 12, 2023 2 mins read

Whales Acquire Over 146 Million XRP Amid Recent Developments

Expectations of success in a lawsuit against the U.S. Securities and Exchange Commission (SEC) have boosted the value of Ripple’s native token, XRP. According to WhaleAlert’s data, in the previous 24 hours, whale addresses have contributed over 146 million XRP (about worth $77 million) over several transactions. The largest accumulation

April 11, 2023 1 min read

Ripple Teams up With Montenegro To Develop Digital Currency

The Central Bank of Montenegro (CBCG) has agreed to work with cryptocurrency and blockchain solutions provider Ripple to create a plan and pilot project to introduce the nation’s first digital currency in the form of a Central Bank Digital Currency (CBDC) or national stablecoin. Montenegrin Prime Minister Dritan Abazovic first

April 11, 2023 1 min read

FedNow: Federal Reserve’s Instant Payment Service in the US

FedNow is an initiative of the Federal Reserve Bank for a new, enriched payment service. The announcement is about launching this payment service in the upcoming July 2023. It is one of several services of the Federal Reserve, including FedWire, a credit transfer service, and FedACH, an automated clearing house.

April 11, 2023 2 mins read

Texas Senators Propose Stablecoin Backed by Gold Rather Than USD

Texas wants a digital currency that can be traded for gold and cash, while other US authorities have proposed introducing a Central Bank Digital Currency (CBDC) managed by the Federal Reserve, which could be manipulated in the same ways as the dollar. Senator Bryan Hughes submitted Senate Bill 2334, and

April 10, 2023 1 min read

Highly Anticipated XRP vs SEC Verdict Likely by May 6 as per Legal Experts

The SEC has been arguing in court that XRP is unregistered security as part of its continuing legal fight with Ripple. The U.S Securities and Exchange Commission (SEC) may be correct that investors are purchasing XRP in the hopes that Ripple would win the ongoing action against the SEC, according

April 10, 2023 3 mins read

DeSantis and Kennedy Jr Slam Fed’s Plans for Digital Dollar

Florida Governor Ron DeSantis and anti-vaccine activist Robert F. Kennedy Jr. have accused the Federal Reserve (Fed) of seeking to use a proposed digital dollar to “control” Americans’ finances. According to Ron, using the new US digital dollar allows the Government to block transactions such as buying riffles or filling

April 8, 2023 2 mins read

Top 3 Bullish Cryptocurrencies of the Week as per CoinMarketCap

Major cryptocurrencies have fared very well over the last week despite significant crackdowns, indicating that the crypto market is now fairly steady. Here we cover the top bullish coins of the week. Ripple (XRP) XRP is one cryptocurrency that is on the rise. As per CMC, XRP the sixth largest

April 2, 2023 2 mins read

How Will the Future of Cryptocurrencies Be, if Regulated?

A cascade of tragic financial disasters in 2022 has altered the future scope of cryptocurrency regulations. The crypto market archived the two colossal crashes – Terra Luna collapse and the FTX collapse – in its history. The aftermaths of these terrible events urged the regulators to investigate and dive into

March 31, 2023 7 mins read