Sat, September 21

Search Results for: Digital dollar

Digital Currency Group Records $210 Million in Q4 2023 Revenue

The company’s revenue reached $210M in the Q4 of 2023, a 59% rise in comparison to the same time the previous year, Digital Currency Group (DCG) said Monday in a letter to shareholders. The parent business of Grayscale Investments attributed the increase in revenue on rising asset values, especially bitcoin.

February 12, 2024 2 mins read

Morgan Stanley Backs Stablecoins Against USD De-Dollarization

In light of worries over de-dollarization, renowned financial institution Morgan Stanley expects stablecoins to support the US dollar (USD). In light of the proliferation of digital currencies, this report examines the threats that the US dollar faces. It also highlighted international initiatives aimed at promoting de-dollarization. Despite the United States’

January 16, 2024 2 mins read

Beyond Digital Assets: The Case for Diversifying Your Investment Portfolio

Diversification is one of the most popular strategies among investors for improving resilience and capturing a broad range of market opportunities. However, for crypto traders, true diversification beyond the digital asset class introduces several challenges. Most notably, the complexity of engaging with TradFi platforms in addition to crypto exchanges to

December 11, 2023 4 mins read

Bullish Acquires CoinDesk from Digital Currency Group

Bullish Completes Strategic Acquisition to Accelerate CoinDesk’s Global Expansion and Growth of Media, Events and Indices Businesses NEW YORK–(BUSINESS WIRE)–Bullish, the fastest growing regulated, institutional digital assets exchange led by Tom Farley, announced today that it has acquired CoinDesk, the integrated media, events and index platform for the future of

November 20, 2023 6 mins read

Republic Chooses Avalanche for Launching Native Profit-Sharing Digital Asset

Republic has selected Avalanche as the blockchain to introduce its profit-sharing digital asset, the Republic Note, marking a significant step forward in its goal to democratize private market investment. Due to its scalability, speed, and customization capabilities, Republic chose Avalanche, and for the next year, it intends to extend its presence to

November 17, 2023 2 mins read

Kazakhstan Successfully Pilots Digital Tenge for Retail Transactions

Binur Zhalenov, head of the National Payment Corporation (NPC), has brought the “digital tenge” into the retail sector of Kazakhstan, marking a major step forward for the nation’s finance landscape. Zhalenov made the first purchase using a debit card connected to a CBDC account while speaking at the XI Congress

November 15, 2023 2 mins read

Ripple partners with Onafriq to power digital asset-enabled cross-border payments between Africa and the rest of the world

Partnership will enhance speed and efficiency of payments between the Middle East, the UK, Australia and Africa LONDON & JOHANNESBURG & DUBAI, United Arab Emirates–(BUSINESS WIRE)–Ripple, the leader in enterprise blockchain and crypto solutions, and leading payments fintech Onafriq, previously MFS Africa, announced today that they are partnering to facilitate

November 8, 2023 7 mins read

Digital Ownership a No-Brainer, NFTs Will Be Back: Origin Protocol

October instilled a notion of optimism within the crypto space. From Bitcoin’s foray into $35,000, the global crypto market entering the greed zone to signs of recovery in non-fungible tokens (NFTs) and decentralized finance (DeFi), it went through a rollercoaster ride of hype and skepticism. There’s a growing curiosity in

November 7, 2023 12 mins read