India’s Central Bank RBI confirms digital Rupee pilot launching soon
India’s central bank, the Reserve Bank of India (RBI), says it will soon commence “limited pilot launches” of the country’s digital currency (digital rupee) for specific use cases.
The RBI is “exploring the option of implementation of account-based CBDC in wholesale segment and token-based CBDC in retail segment vide a graded approach.
Russian businesses are circumventing sanctions by using cryptocurrencies
Russian businesses operating within the Russian Federation have begun to use cryptocurrencies to circumvent sanctions in cross-border transactions, according to the Ministry of Finance.
Vladimir Gamza, the head of the Chamber of Commerce and Industry of the Russian Federation said that business in the Russian Federation mainly uses cryptocurrency for transactions with unfriendly countries (USA, Ukraine,…). It is expected that before the end of the year, the Russian authorities will introduce legislative requirements for cross-border transactions in cryptocurrency.
Over 12,000 Brazil companies declare crypto holdings in record high
The number of companies holding cryptocurrency in Brazil has reached new record highs as of August, amid an increased trust in cryptocurrencies and high inflation rates. The country’s taxation authority, Receita Federal do Brasil (RFB) recorded 12,053 unique organizations declaring crypto on their balance sheets in August 2022.
The number is a 6.1% increase from the 11,360 companies in July and is the month with the highest recorded number of companies with crypto holdings to date. Bitcoin is the most popular cryptocurrency held by institutions, followed by stablecoin Tether.
Dapper Labs restricts services to Russia amid EU sanctions
NFT powerhouse Dapper Labs has cut off payment services for non-fungible token owners with links to Russia, citing European Union sanctions in a Thursday blog post.
Dapper announced that it is now prohibited to provide crypto-asset wallet, account or custody services of any value to accounts with connections to Russia. Impacted users can still look at their NFTs, but they cannot move funds, gift tokens, sell NFTs or buy new ones.
Ripple Labs collaborates with climate start-up Thallo to launch a carbon credit marketplace
Web 3 climate start-up Thallo has entered into a collaboration agreement with Ripple (XRP) and other companies to develop a first-of-its-kind marketplace that connects potential buyers and sellers of high-quality carbon credits.
Thallo’s platform is powered by Ripple’s XRP and focuses on the pricing issue of the present carbon market. Buyers and sellers will be able to connect more quickly and conduct more secure transactions thanks to the company’s new platform.
100 billion SHIB grabbed by whale after this major milestone of SHIB
Whale bought a total of 100,000,000,000 SHIBA INU worth $1,108,000 on the Kucoin exchange, according to details provided by Etherscan.
This investor decided to go into SHIBA INU after the recent launch of the much-anticipated Shiba Eternity game.
Binance may spend over $1 billion this year on deals
CEO Zhao “CZ” Changpeng said the world’s biggest digital-asset exchange may spend more than $1 billion on acquisitions and investments this year despite what is shaping up to be a prolonged crypto winter.
Binance has committed $325 million to 67 projects so far this year, compared with $140 million for 73 projects in 2021. That doesn’t take into account a possible more than $200 million investment in the Forbes media company and $500 million in financing for Elon Musk’s on-again acquisition of Twitter Inc.
Middle East and North Africa are fastest-growing crypto markets
A new report from Chainalysis reveals that the crypto market in the MENA region is the fastest growing in the world.
Transaction volume in the MENA region reveals users received $566 billion in crypto in the time frame of July 2021 to June 2022. This is 48% more than the previous year. MENA is followed by Latin America and North America with a growth of 40% and 36%, respectively.
Huobi Global acquired by About Capital Management
Huobi will sell a majority stake to Hong Kong-based investment company About Capital Management, Huobi announced in a blog post.
As the change in ownership occurs, there will be no impact on the exchange’s core operations, and Huobi said it will focus on international business expansion. This includes the creation of a global strategic advisory board led by “leading industry figures,” as well as the formation and capital infusion of a risk provision fund.
Shiba Eternity makes Top 20 in App Store first day it is released
Shiba Eternity, from SHIBA INU and PlaySide Studios, has seen extremely high download figures on its first day of release and has even made it into the top 20 games on Apple’s App Store, coming in 19th place.
According to its Android counterpart, Google Play, Shiba Eternity has been downloaded more than 10,000 times in its very first day.