Bitcoin Trading Is Illegal in Saudi Arabia, Warn Watchdogs

news The Libra cryptocurrency project should be sufficient motivation for the Federal Reserve launch a real-time payments system, a senior government official wrote Thursday. Federal Trade Commission (FTC) commissioner Rohit Chopra wrote a letter to the Fed – the U.S. central bank – supporting the potential development of the “FedNow Service,” the potential high-speed payments system the…

The Bank of Japan (BoJ) would try to develop a central bank digital currency (CBDC) that can easily coexist with private payment methods, Executive Director Shinichi Uchida said in a speech.Seeking “vertical coexistence,” with other payment methods used by the public, a CBDC should be made of “relatively plan, easy-to-cook material,” Shinichi Uchida said on…

Stablecoins such as tether (USDT), now a significant investor in the $1.1 trillion commercial paper market, could introduce new risks into short-term securities markets, warned global ratings agency Fitch Ratings.At the current rate of growth, stablecoin issuers’ holdings of short-term debt instruments such as commercial paper – a commonly used type of unsecured debt issued…

The technology is aimed at tracing commodity flows in near real-time and cut paperwork.Jan 16, 2021 at 6:28 p.m. UTCRussian Metals Firm Norilsk Nickel Backs IBM’s Responsible Sourcing Blockchain PactNorilsk Nickel, a Russia-based metals company, has announced it backs IBM’s Responsible Sourcing Blockchain Network (RSBN) which supports responsible sourcing and production in mining.Russian nickel and…

Featured SpeakerBowTiedBullPresidentBowTied JungleThe pseudonymous investor BowtiedBull explores the BowtiedJungle, where citizens swap advice on investing, job-seeking, ...Lyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds bitcoin, ether and small amounts of other crypto assets.Featured SpeakerBowTiedBullPresidentBowTied JungleThe pseudonymous investor BowtiedBull explores the BowtiedJungle, where citizens swap advice on investing, job-seeking, ...Uniwap (UNI)…

Dec 16, 2019 at 15:30 UTCUpdated Dec 16, 2019 at 15:39 UTCRoneil Rumburg, Audius CEOMusicians Want to Break Free of Big TechThis post is part of CoinDesk's 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Roneil Rumburg is co-founder and chief executive officer…

The Consumer Price Index (CPI) for August rose 0.6%, inline with economist expectations for 0.6% and up from 0.2% in July. On an annualized basis, CPI inflation rose to 3.7%% versus forecasts for 3.6% and from 3.2% a month earlier.The core CPI – which strips out food and energy costs – rose 0.3% versus economist

Former U.S. President Donald Trump will once again take the White House, needing only three more electoral votes from a state leaning heavily red, defeating Vice President Kamala Harris and auguring a more permissive regulatory environment for crypto in the world's largest economy. Crypto has not been a major issue through this election cycle, though

Jul 14, 2020 at 12:44 UTCUpdated Jul 14, 2020 at 13:14 UTCVitalik Buterin attends a recording of Laura Shin's Unchained Podcast. (Credit: Christine Kim for CoinDesk)Five Years On, Ethereum Really Is the ‘Minecraft of Crypto-Finance’Camila Russo is the founder of The Defiant and author of “The Infinite Machine,” the first book on the history of…