Day: April 17, 2023

Israel’s central bank says CBDC could be issued if stablecoin use increases

Martin Young

The Bank of Israel says it’s preparing an action plan for the potential issuance of a central bank digital currency (CBDC),though a formal decision has yet to be made. On April 17, the Bank of Israel Steering Committee on the Potential Issuance of a Digital Shekel outlined possible scenarios for the development and deployment of a CBDC, a digital shekel called “SHAKED.” It provided several scenarios that could lead to the issuance of a digital shekel, among them was increased stablecoin activity. Increased adoption of stablecoins may “impair the payment…

Tether Stablecoin Sees 22% Growth in 2023 Despite Dollar-Pegged Token Economy’s Contraction – Altcoins Bitcoin News

Jamie Redman

Since January 2023, the number of tether stablecoins in circulation has grown from 66 billion to the current 80.9 billion, representing growth of more than 22% this year. Tether’s growth is approaching the high of $83 billion in stablecoins in circulation that the project saw almost a year ago, in May 2022. Tether Supply Is Nearing Its All-Time High The stablecoin market has recently contracted and is currently hovering around $131.94 billion. The decrease in the stablecoin market can be attributed to several dollar-pegged coins that have reduced their token…

Blockchain platform for trading securities OTC moves forward with SEC approval

Ana Paula Pereira

A Delaware company is seeking registration with the United States Securities and Exchange Commission (SEC) to carry out over-the-counter (OTC) stock trading on-chain.  BlackStar Enterprise Group has been developing the platform since 2018 and spent almost two years in communication with the regulator, answering dozens of questions and comments from examiners. Recently, the company has taken the next step in providing a detailed plan to the SEC Trading and Market division about how its platforms will be operated. BlackStar CEO Joseph Kurczodyna told Cointelegraph that he sought the SEC’s permission…

Bhutan’s sovereign investment arm quietly invests millions in crypto: Report

Ezra Reguerra

The Kingdom of Bhutan’s sovereign investment arm estimated to manage around $2.9 billion in assets has placed millions of dollars in cryptocurrencies and was a customer of bankrupt crypto firms BlockFi and Celsius.  Druk Holding and Investments (DHI), a commercial arm of the royal government of Bhutan, has grown a crypto portfolio without disclosing it to the public according to a report released by Forbes. The funds were brought to light following the crypto contagion last year when companies like Celsius and BlockFi filed for bankruptcy. User Deposit and Withdrawal…

CoinDesk Indices Joins With Luno to Help South African Users Track Crypto Investment Bundles

Anthony B

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