Crypto

Digital currency plans by Spanish banks must now be reported according to sources at the Banco de Espana, which claimed that the central bank wants to examine the effect digitalization is having on financial services. The Bank of Spain has been quiet for years on the subject of digital currencies. However, this year, it’s stepping up and asserting itself. After establishing a digital currency service providers’ registry, it’s moving on to the banks. According to a report from Spain’s El País, the Banco de Espana is now on the lookout for additional information from financial organizations dealing with digital money. The purpose of the research is to examine the effect that digitalization is having on financial services, not to prohibit or advocate digital currencies. The central bank is ca...

A new study from the United Kingdom revealed that most game studios have already started exploring blockchain technology for their upcoming titles. Commissioned by blockchain platform Stratis and undertaken by insight agency Opinion, the new research surveyed 197 video game developers in the United States and the United Kingdom. The results showed that 58% of developers are beginning to use blockchain technology, and almost half of the respondents (47%) started incorporating nonfungible tokens (NFT). The study indicates developers’ confidence in blockchain and NFTs, as two-thirds of studios expect blockchain to become prevalent in the gaming industry within the next two years. While 72% of respondents are considering using blockchain and NFTs in upcoming games, more than half (56%) plan to...

Fintech firm Ripple has announced a new service aimed at finance companies that will allow them to offer cryptocurrency trading to customers. Ripple unveiled the Liquidity Hub service in a blog post on Nov. 9, touting a “crypto-first future” in which every company will need to have a strategy for crypto assets. The new service will target its enterprise clients giving them access to digital assets from a range of providers such as exchanges, market makers, and over-the-counter (OTC) trading desks. It is currently in the preview stage and will launch in 2022. Liquidity Hub will initially support Bitcoin, Ethereum, Litecoin, Ethereum Classic, Bitcoin Cash, and XRP with availability varying by geographical location according to the announcement. The company plans to expand its crypto asset of...

The NYCCoin is set to launch on Nov. 11 with the community-led proposal endorsed by New York City’s Mayor-elect Eric Adams. The NY-focused cryptocurrency is being launched by CityCoins, the same firm that provides the MiamiCoin. The project utilizes the Stacks Protocol built atop of the Bitcoin blockchain to enable smart contracts and issue its coins. CityCoins tweeted on Nov. 9 that it was activating NYCCoin mining this week after Adams stated on Nov. 4 that he wanted to have a “CityCoin for NYC” like in the case of Miami City. Adams followed that up earlier today by posting that “we’re glad to welcome you to the global home of Web3! We’re counting on tech and innovation to help drive our city forward.” We’re glad to welcome you to the global home of Web3! We’re co...

Robinhood COO Christine Brown has praised the Shiba Inu community but said safety was the platform’s priority over the “short term gain” of listing new tokens. Brown made the comments in an interview for the Crypto Goes Mainstream event streamed live on YouTube on Nov. 10. When asked about Shiba Inu (SHIB) she said: “One of my favorite things is seeing the community around these coins really engage with us and let us know what they want.” However Brown would not be drawn on whether the American stock and crypto trading app would list Shiba Inu. SHIB is currently the 11th largest cryptocurrency with a market cap of $30 billion. The community has stepped up a campaign to convince Robinhood to list SHIB and a change.org petition has now obtained more than half a million signatures. Brown stat...

Visa’s head of crypto Cuy Sheffield said that investing in cryptocurrency has become a lot cooler thanks to an influx of creative types drawn in by the booming NFT sector. Sheffield was speaking on day one of the Singapore Fintech Festival on Nov. 8. He said that a “whole new class” of mainstream users are flocking to crypto and that NFTs ar attracting people with a broad range of interests such as music, art and culture who are “setting up crypto wallets in waves.” “Crypto is becoming cultural, it’s becoming cool,” Sheffield said, and added that: “It used to be that if you were investing in crypto, you were kind of weird.” Sheffield believes that blending the entertainment sectors with NFT tech could see crypto wallets become a sort of “super app” where users can discover new content rela...

Delegate representatives from the Climate Chain Coalition spoke at the United Nations Climate Change Conference, also known as COP26, in Glasgow, Scotland on Tuesday. The Climate Chain Coalition, or CCC, is a global environmental initiative consisting of 250 member organizations and individuals aligned to utilize blockchain, distributed ledger, or DLT, and other promising digital technology solutions to foster the growth of a climate-focused economy. Hosted by CCC strategic director Miroslav Polzer, the panel of expert representatives, including Denby McDonnell, Tia Kansara and Cointelegraph editor-in-chief, Kristina Cornèr, among others, spoke unequivocally about the importance of subjects ranging from carbon nonfungible tokens (NFTs) to accountability in corporate practices.  Progra...

During a virtual video session at the Bank of Finland Institute for Emerging Economies’ 30th Anniversary Conference, People’s Bank of China governor Gang Yi discussed recent developments regarding the country’s central bank digital currency, or CBDC, known as the digital yuan (e-CNY). Gang specifically addressed the issue of privacy surrounding the Digital Yuan in the following statement, as translated by Cointelegraph: We are taking a high degree of focus on issues surrounding the security of personal information and the digital yuan and have made relevant regulatory and technological adjustments to meet this objective. We have adopted a principle of anonymity for small transactions regarding the digital yuan and will only step in to regulate under the law for large tran...

This week, a number of contenders are set to participate in Polkadot’s first parachain auctions and this process tends to place buy pressure on DOT, while also giving aspiring blockchain projects a chance to show why they offer the most competitive solutions to the different demands that exist in the crypto sector. The ongoing Polkadot parachain auctions follow the success of similar auctions on its sister network Kusama, where projects like Moonriver (MOVR) and Karura have each successfully secured a parachain slot for the next year. Top 5 crowdloans on Kusama by reward rating. Source: Parachains The Kusama parachain auctions began during a downturn in the wider crypto market and played a role in helping KSM recover from a low of $148.85 on July 19 to its current price near $457 as ...