Uganda Central Bank Says It Is Open to Crypto Firms Participating in Regulatory Sandbox

The Bank of Uganda (BOU) has hinted that it is open to the idea of crypto firms participating in the regulatory sandbox. The central bank’s position follows its deliberations with a team from the Blockchain Association of Uganda (BAU). The Ugandan central bank has said following talks with the team from the BAU, it is […] The post Uganda Central Bank Says It Is Open to Crypto Firms Participating in Regulatory Sandbox first appeared on PR Business News Wire.
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UAE Charitable Foundation Receives Approval to Accept Crypto Donations

Al Jalila Foundation, the United Arab Emirates charitable organization, recently announced that it has been given permission to accept cryptocurrency donations. Accepting cryptocurrencies makes it possible for the foundation to receive funding via what is described as one of the fastest-growing donation methods. A United Arab Emirates (UAE) healthcare organization, Al Jalila Foundation, said it […] The post UAE Charitable Foundation Receives Approval to Accept Crypto Donations first appeared on PR Business News Wire.
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Twitter investors sue Elon Musk over acquisition shenanigans

The suit was filed Wednesday in federal district court for Northern California and argues that Musk intentionally drove down the company’s stock to secure a better deal. “The fair market value of Twitter securities has been adversely affected by Musk’s false statements and wrongful conduct,” the complaint states. The lawsuit cites Musk’s decision to waive … Twitter investors sue Elon Musk over acquisition shenanigans Read More » The post Twitter investors sue Elon Musk over acquisition shenanigans first appeared on PRP Breaking News and Top Stories.
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Russia’s Industrial Giant Rostec Announces Blockchain-Based Alternative to SWIFT

Rostec, the Russian manufacturing and technology conglomerate, has developed a system allowing the processing of international settlements and storage of digital currency. The blockchain-based platform has been announced as an alternative to SWIFT, which is unavailable for some Russian banks. According to Rostec Executive Director Oleg Yevtushenko, “a digital payment system based on a blockchain […] The post Russia’s Industrial Giant Rostec Announces Blockchain-Based Alternative to SWIFT first appeared on PR Business News Wire.
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RBI Official: Central Bank Digital Currencies Could Kill Cryptocurrencies

Reserve Bank of India (RBI) Deputy Governor T. Rabi Sankar says central bank digital currencies could “kill whatever little case there could be” for cryptocurrencies, like bitcoin and ether. RBI Deputy Governor T. Rabi Sankar talked about the potential impact of central bank digital currencies (CBDCs) on cryptocurrencies, like bitcoin and ether, at a … RBI Official: Central Bank Digital Currencies Could Kill Cryptocurrencies Read More » The post RBI Official: Central Bank Digital Currencies Could Kill Cryptocurrencies first appeared on PRP Breaking News and Top Stories.
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Ethereum’s Hashrate Surpasses Lifetime High as The Merge Gets Closer

Following the all-time high (ATH) recorded in May, Ethereum’s hashrate has been breaking records again, as it reached 132 petahash per second (PH/s) on Saturday, June 4. Presently, Ethereum’s hashrate is coasting along at 129 PH/s and the network’s top mining pool Ethermine commands 0.24% of the network’s hashrate. Ethereum’s top mining pool Ethermine commands […] The post Ethereum’s Hashrate Surpasses Lifetime High as The Merge Gets Closer first appeared on PR Business News Wire.
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Governor of Bank of Spain: Crypto Markets Are ‘Bigger Than Subprime Mortgages Before the Financial Market Crisis’

Pablo Hernandez de Cos, governor of the Bank of Spain, has again warned about cryptocurrencies and the growth that the crypto market is experiencing. Hernandes de Cos stated that, while the market is still relatively small at a worldwide level, the cryptocurrency market is now bigger than subprime mortgages before the financial crisis circa 2008, […] The post Governor of Bank of Spain: Crypto Markets Are ‘Bigger Than Subprime Mortgages Before the Financial Market Crisis’ first appeared on PR Business News Wire.
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