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Search Results for: Digital dollar

Insolvent Voyager Digital All Set To Enable Partial Fund Withdrawals

Nearly a year after filing for Chapter 11 bankruptcy, cryptocurrency brokerage Voyager Digital is getting ready to restore its app and enable users to finally withdraw their funds. In a court filing dated June 14, Paul Hage, administrator of Voyager’s bankruptcy plan, stated that the withdrawal period would begin between

June 15, 2023 1 min read

U.S. House Committee Pushes for Clear Rules on Digital Assets

In an ongoing motion, the House Financial Services Committee has called upon Congress to establish a consistent and clear regulatory framework for digital assets, emphasizing the need for regulatory certainty in the ever-evolving landscape. The motion highlights the jurisdictional challenges between the Securities and Exchange Commission (SEC) and the Commodity

June 14, 2023 3 mins read

Blockchain Guru Emin Gün Sirer Unveils Testimony: Crucial Insights on Digital Assets

Renowned blockchain expert Emin Gün Sirer has released his written testimony before the highly anticipated House Financial Services Committee hearing. In his testimony, Sirer uncovers the pivotal matters involving blockchains and digital assets while addressing the associated regulatory difficulties. My written testimony for the House Financial Services Committee hearing on

June 13, 2023 3 mins read

The Revolutionary Fusion of Augmented Reality and NFTs: A New Realm of Digital Interaction

The fusion of augmented reality (AR) and non-fungible tokens (NFTs) promises a new era of digital experiences where virtual and physical realities intersect. These two groundbreaking technologies provide unique opportunities for interaction and digital ownership that go beyond the limitations of our screens. Augmented Reality Meets Blockchain Augmented reality, a

June 6, 2023 3 mins read

Zimbabwe Sets Gold-backed Digital Currency Price at $10 for Individuals

Zimbabwe’s government has established a value for its digital tokens backed by gold. Starting on May 8, the nation will begin offering investors its own digital money backed by gold. Tokens will be sold to people for a minimum of $10. And to companies and other organizations for a minimum

May 6, 2023 1 min read

ChatGPT Empowers Digital Artist to Generate a Memecoin Worth $50M

The emergence of $TURBO is a Web3 success story. Here is how the meme crypto was created by digital artist Mankind with the aid of ChatGPT, despite a lack of coding experience. According to a Twitter thread, Mankind (aka Rhett Dashwood) created the coin with a $69 budget and the

May 4, 2023 4 mins read

Zimbabwe Set to Introduce Gold-Backed Digital Currency to Stabilize Local Unit

Zimbabwe’s Central Bank Governor, John Mangudya, has announced that the country will soon introduce a gold-backed digital currency to stabilize the local unit, which has been continuously depreciating against the US dollar. The move is expected to enable small investors to exchange their money for digital tokens to hedge against

April 23, 2023 2 mins read

Donald Trump Claims U.S Dollar Will Lose World Reserve Currency Status

Post the courtroom drama, former U.S. President Donald Trump lashed out at the Biden administration and its handling of the currency. The former president has projected that the United States dollar would no longer be the world’s reserve currency if its current decline continues. There was an Indictment on 34

April 6, 2023 1 min read

Signature Bank Issues Updated Financial Figures as of March 8, 2023; Reiterates Strong Financial Position and Limited Digital-Asset Related Deposit Balances in Wake of Industry Developments

Signature Bank Announces Buyback of Common Shares NEW YORK–(BUSINESS WIRE)–Signature Bank (Nasdaq: SBNY), a New York-based, full-service commercial bank, announced today updated financial figures as of March 8, 2023 and reiterated its strong, well-diversified financial position and limited digital-asset related deposit balances in the wake of industry developments. To this

March 9, 2023 7 mins read