• India launch digital rupee
    Cryptocurrencies,  Politics,  Regulation

    India preparing to launch digital rupee

    The Reserve Bank of India’s governor said that it is ‘very much in the game’ in getting ready to launch a central bank digital currency

    Central bank governor Shaktikanta Das said that there is still no set date for the launch of the digital rupee, but highlighted that the project is “receiving our full attention” and that the central bank is already tying up loose ends by working on the technology and the procedural aspects of the system.

  • Silvergate capital stock 1000%
    Bitcoin,  Cryptocurrencies

    Crypto Bank Silvergate Capital’s stock up over 1,000%

    The bank, which went public in November 2019 and serves customers like Coinbase and Square, was up 1,300% before a broad tech market downturn yesterday

    Silvergate, one of the first banks to embrace crypto, has been on tear thanks to its decision to accept cryptocurrency customers when no other banks would.

  • Paypal expanding crypto U.K.
    Cryptocurrencies,  Technology

    PayPal unlikely to invest in Bitcoin, is expanding crypto to U.K.

    CFO John Rainey poured cold water on the idea of the firm buying BTC itself as PayPal announced plans to bring crypto to Venmo and merchant payments in the near future

    PayPal is bringing its crypto services to the U.K., its first stop outside of the U.S., company Vice President Jonathan Auerbach said on the company's Feb. 11 Investors Day. It will also bring these services to its Venmo app in the near future, along with plans to begin allowing its network of 29 million merchants to accept cryptocurrency as payment.

  • Miami mayor embraces bitcoin
    Bitcoin,  Politics,  Regulation

    Miami Mayor: Pay city workers, accept taxes in Bitcoin

    Mayor Francis Suarez wants to make Miami a player in the cryptocurrency industry, and hopes to convince the state to let it invest in Bitcoin

    “I want to thank the city of Miami commissioners for supporting my resolution which directs the city manager after analysis to procure a vendor to be able to offer our employees to get a percentage of their salary in Bitcoin, allows our residents to pay for fees in Bitcoin, and also allow the city manager to cooperate with Miami-Dade County to allow for taxes to be paid in Bitcoin," Suarez said in comments posted on Twitter.