May 25, 2024

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Crypto NFT Today: The Latest News in Blockchain, Cryptocurrency and NFTs, June 14 – 20

Welcome to another edition of Crypto NFT Today! If you enjoy cryptocurrency, NFTs, and riding emotional, and sometimes, sketchy rollercoasters, you’ve come to the right place. So put on some soothing music and let’s go!

Brics Bank President Calls for a Global South-Focused Financial System

BRICKS Bank HQ in Shanghai. Credit: Donnie28 via Wikimedia

Dilma Rousseff, the president of the New Development Bank (NDB), also known as the Brics Bank, has called for the creation of a financial system that prioritizes the needs and interests of the Global South. 

In a speech at the 13th Brics Summit, Rousseff said that the NDB aims to foster cooperation and integration among emerging economies and developing countries, especially in the areas of infrastructure, sustainable development, and digital transformation. 

She also highlighted the bank’s achievements in providing loans and grants to its member countries, as well as its support for the Covid-19 response and recovery. Rousseff stressed that the NDB is committed to promoting a more inclusive, balanced, and multipolar world order, based on mutual respect and solidarity.

Rosbank, a Russian bank, launches crypto payments solution for cross-border settlements

Rosbank, a subsidiary of Société Générale Group, has announced the launch of a crypto payments solution for cross-border settlements. The solution, called Rosbank Crypto, allows customers to send and receive payments in Bitcoin, Ethereum, and stablecoins. 

Rosbank Crypto is powered by Bitfury’s Exonum blockchain platform and complies with the Russian and international regulations. Rosbank Crypto aims to provide faster, cheaper, and more transparent transactions for its clients, especially in the trade finance and remittance sectors. 

Rosbank Crypto is currently in pilot testing with selected customers and partners. Rosbank plans to expand the service to other countries and regions in the future.

Survey: Most Americans Not Ready for Central Bank Digital Currency

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A recent survey by the University of Chicago and the Federal Reserve Bank of New York found that the majority of Americans are hesitant to embrace a central bank digital currency (CBDC). 

The survey asked 1,200 respondents about their views on a hypothetical digital dollar issued by the Fed and accessible through an app or a card. Only 21% of the respondents said they would definitely or probably use the CBDC, while 58% said they would definitely or probably not use it. 

The main reasons for the reluctance were concerns about privacy, security, and technical issues. The survey also revealed that younger, more educated, and higher-income respondents were more likely to adopt the CBDC than older, less educated, and lower-income respondents. 

The survey suggests that the Fed has a lot of work to do to educate and persuade the public about the benefits and risks of a CBDC.

Coinbase CEO Claims SEC Threatened to Sue Over Crypto Lending Program

Brian Armstrong, the CEO of Coinbase, the largest cryptocurrency exchange in the US, has accused the Securities and Exchange Commission (SEC) of being hostile and unclear towards the crypto industry. 

In a series of tweets, Armstrong revealed that the SEC threatened to sue Coinbase if it launched a lending program that would allow users to earn interest on their crypto holdings. 

Armstrong claimed that the SEC did not explain why the program would be considered a security, and that the agency told Coinbase that “everything other than Bitcoin is a security”. He also said that the SEC refused to meet with Coinbase or provide any guidance on how to comply with the regulations. 

Armstrong called for more clarity and fairness from the SEC, and urged the crypto community to speak up against the “sketchy behavior” of the regulator.

Cryptogames Launches New VIP Program and Wagering Contest

Credit: Pavel Danilyuk via Pexels

Cryptogames, a leading online casino platform, has announced a new VIP program and a high stakes wagering contest for its players. The VIP program offers exclusive benefits such as higher faucet rewards, lower house edge, priority withdrawals, and personal account managers. 

The wagering contest, which runs until June 30, rewards the top 10 players who wager the most in any of the supported cryptocurrencies. 

The prizes include up to 5 BTC and 500 lottery tickets. Cryptogames aims to provide a fun and fair gaming experience for its users, with provably fair games, fast transactions, and generous promotions.

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