TOKYO (Reuters) – Japan will work closely with G7 advanced economies to prevent Russia from tapping loans from the International Monetary Fund and other international lenders, Prime Minister Fumio Kishida said on Wednesday.In a news conference, Kishida also said he will expand the scope of asset freezes against Russian elites, and ban imports of certain products from Russia. More
TOKYO (Reuters) – Sanctions imposed on Russia could prod more countries like China to look at central bank digital currencies (CBDC) as a tool to counter the dollar’s dominance in the global financial system, former Bank of Japan executive Hiromi Yamaoka said on Wednesday.While sanctions using financial infrastructure are necessary in extreme cases like the Ukraine crisis, they are “emergency means” that should not be over-used, said Yamaoka, who is well versed in CBDC and global settlement affairs.U.S. allies including Japan imposed a series of sanctions against Russia for invading Ukraine on Feb. 24, including the freezing of the central bank’s foreign assets and the removal of many Russian banks from the global payments system SWIFT.”The most effective, powerful weapon was the freezing of Russia’s foreign reserves,” said Yamaoka, former head of the BOJ’s payment and settlement systems department.”It meant U.S. allies intentionally created a situation that pushes Russia into default,” he told Reuters.Yamaoka said it was unlikely crypto-currencies would serve as a useful loophole against sanctions for Russia, as they are too risky as a means to transfer huge amounts of funds.But the Western sanctions on Russia underscored how politics and national security are increasingly affecting the world of finance including digital currencies, he said.China’s rapid progress in developing a digital yuan has alarmed some lawmakers in G7 advanced economies as a potential threat against the U.S. dollar’s global hegemony.U.S. President Joe Biden signed an executive order last week that requires the government to assess the risks and benefits of creating a central bank digital dollar.”There’s a chance a country like China could promote usage of digital yuan for cross-border transactions and create a currency bloc” to counter the dollar’s dominance, Yamaoka said.”Defense and national security will likely become key themes when debating CBDC.”During his stint at the BOJ, Yamaoka was directly in charge of the central bank’s research on digital currencies including a joint experiment with the European Central Bank. He now chairs a group of banks and companies looking at building a common settlement infrastructure for digital payments. More
The roll-out of the revamped MODEX Token and its Web 3.0-inspired roadmap is the result of the experience Modex has gained in the enterprise blockchain sector over the past few years. Through this launch, the company aims to become a pioneer in Web 3.0 capabilities by leveraging its enterprise token Web 3.0 concept to best serve market needs and trends. Recently, Modex attained the Silver Cloud Platform Competency within the Microsoft (NASDAQ:MSFT) Partner Network, an achievement which demonstrates that the company meets a high standard of technical performance and service quality. The MODEX Token was first launched in 2018, in the context of an ICO that supported the company’s Smart Contracts Marketplace project. But as the smart contracts market evolved in a different way than Modex had initially projected, the company shifted its focus on the enterprise segment, gathered valuable technical and commercial knowledge, and developed its flagship Blockchain Database® (BCDB) technology. The innovative solution will remain a key component of Modex’s technological initiatives, including its Web 3.0 Network and its new enterprise products and services. Modex values its existing Token customers and believes that full transparency is the only way forward to strengthen this relationship. The revamped MODEX Token brings a suite of new products, an updated whitepaper, a sustainable tokenomics model that will be published soon, as well as transparency regarding Token pools and the company’s next steps. The roadmap also includes a stake mechanism which will be implemented in the coming month and details on the planned launch of related software products, estimated for the beginning of Q3 2022. EMAIL NEWSLETTERJoin to get the flipside of cryptoUpgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.[contact-form-7]
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The licensed trademark attorney Michael Kondoudis posted a tweet on his Twitter page saying American Express filed trademark applications for the metaverse and NFT logos. The tweet stated that American Express filed 7 Trademark applications.The applications included its logos, American Express, AMEX, centurion, shop small, and membership rewards. The company followed its financial peers Visa, JP Morgan, and Mastercard (NYSE:MA) in knowing Web3.U.S. Patent and Trademark Office filings dated March 9 hint at how American Express may develop its footprint in the metaverse, making a future version that could be more immersive by using virtual reality (VR) and augmented reality (AR) headsets.American Express also requested to secure trademarks on software for credit cards, travel, concierge services, a virtual environment for recreation and entertainment, and an NFT marketplace.The company also announced plans to offer wallet services for digital and blockchain assets, a virtual currency exchange, and digitized and utility token trading services, as these plans were also in the filings.On the other hand, American Express might be a little late to this, as a couple of its major competitors are already inverted in web3. Take, for example, Visa, which joined this world in August 2021.Visa shared in a tweet on August 23, 2021, about a collaboration between the company and CryptoPunk #7610. The tweet had a caption that said “Over the last 60 years, Visa has built a collection of historic commerce artifacts – from early paper credit cards to the zip-zap machine. Today, as we enter a new era of NFT-commerce, Visa welcomes CryptoPunk #7610 to our collection.”This was the first step into crypto for financial companies, and a lot is yet to come.Continue reading on CoinQuora More
Despite a flood of positive comments and posts relating to his interviews with the Soft White Underbelly YouTube channel — which has 3.18 million subscribers — information about Gummo is scarce elsewhere. This could either be by design or suggest that a large pinch of salt may be required when listening to his extravagant claims. Continue Reading on Coin Telegraph More
“The intersection between CBDC, stable coins, digital wallets, and enhanced utility of payments through cryptocurrencies is not just fascinating, but I think will redefine a lot of the financial world going forward.”
However, Schulman doesn’t regard the value of Bitcoin or any other cryptocurrency as the main focal point. Instead, he explores how digital assets can impact the current financial system.“I’m very excited about what crypto and digital ledger technology can do to the financial system going forward. I think the initial things that everyone thinks about crypto, buying and selling it, and what the price of bitcoin is going to be tomorrow, that’s the least interesting part about digital currencies to me,”
he said.PayPal, founded by renowned crypto advocates, such as Peter Thiel and Elon Musk, was a pioneer in online financial services and advanced traditional payment methods in the late 90s.PayPal is progressing even further – the fintech company recently revealed to be developing its own cryptocurrency, a stablecoin possibly pegged to the U.S. dollar.EMAIL NEWSLETTERJoin to get the flipside of cryptoUpgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.[contact-form-7]
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Dropping exclusively between 16-18th March in multiple phases, Samurai Saga will release a total of 6,666 NFTs which are expected to follow the earlier success of the collection’s first drop which sold out in seconds.ONNA-BUGEISHA’s tale is one of strength and resistance, so collectors will now benefit from taking their state-of-the-art NFT into the Open World with a tribe of breeders, creators, and ultimate warriors who are ready to join the battle against Kaiju monsters. Read the full game background here.This latest NFT collection from Samurai Saga will play a crucial role in enhancing its ecosystem, with every ONNA-BUGEISHA harvesting $GENKI tokens (native in-game currency) through Saga’s staking system. The longer the duration, the more tokens will be harvested.Not only will the new gripping addition amplify the wider staking system, but ONNA-BUGEISHA warriors are also unique, playable characters in the upcoming ‘Play-To-Earn’ game. Ownership of an ONNA-BUGEISHA NFT is required to gain access to this extraordinary game character universe with exclusive skills and attributes.SAMURAI SAGA has recently released a gameplay demo, with its first demo version expected to be released in April 2022, Samurai Saga is set to launch a Web3 ‘Play-To-Earn’ gaming experience. The multiplayer warrior-inspired game will allow NFT collectors to earn rewards and tokens through multiple game modes and various honours whilst they battle.The fully-functional game with world-class graphics will allow NFT holders to unlock new playable characters, unique attributes, and in-game skills, giving them access to utilise towards earning rewards. Whether collectors are here to fight for good or evil, the new play-to-earn game releases not only NFT earnings but weapons, exclusive avatars, and tools essential for victory in Samurai Saga’s Open World.Samurai Saga is committed to creating an NFT collection that consists of only the best and most insanely-detailed artwork, thanks to their talented artist, Dino Tomic. The collection will continue to deliver unique artwork with every NFT produced, providing the finest visual gaming experience possible for holders to tackle each battle of glory as champions and rare legends.As well as the drop of new NFTs and the game launch, Samurai Saga has a whole line-up of other features on the roadmap to keep collectors engaged in its ever-evolving project. From giveaways to marketing efforts, Samurai Saga is not slowing down and has big visions to continue building upon the current community that has grown to over 50,000 strong across digital platforms.More information on how ‘ONNA-BUGEISHA’ can be minted below:When Can Collectors Mint?3/16 – 3 pm EST Genki Only Mint3/17 – 3 pm EST Samurai Holders Mint3/17 – 6 pm EST Whitelist Mint3/18 – 3 pm EST Public Mint*Genki Mint: If users don’t have enough GENKI to mint, they can buy GENKI on UNISWAP.*Public Mint: In order to participate in public mint users need to pre-register with their wallet.Where Can Collectors Mint? The ‘ONNA-BUGEISHA’ drop will be available to mint exclusively via – https://www.samuraisaga.com/onna-bugeishaPrice and Max Per Wallet 18000 $Genki (Max 5 per wallet)Samurai Holders: 0.25 ETH (Max 5 per wallet)Whitelist: 0.25 ETH (Max 2 per wallet)Public: 0.25 ETH (Max 2 per wallet)EMAIL NEWSLETTERJoin to get the flipside of cryptoUpgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.[contact-form-7]
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The crypto world continues to grow and develop its blockchain over time. This is because of its community and investors that believed in the potential technology of the industry. Indeed, this is good news to all the fans of cryptocurrency. However, some institutions and authorities are not comfortable with the current progress of the space. Hence, the crypto market threatens them.According to various media sources, Edward Snowden, a government whistleblower, stated that governments see cryptocurrency as a “growing threat.Meanwhile, as the news about authorities being threatened by cryptocurrencies heats on, the mass adoption of crypto in Ukraine and Russia continues. In detail, crypto assets have become one of the most used digital assets in the ongoing tension between these countries. In addition, digital assets are being used to aid the supplies needed in these nations.Source: TradingViewAs seen in the chart above, in the past 24-hour, Bitcoin was able to break its $40K resistance level. This is a sign that the bullish market continues to favor the crypto. Furthermore, Bitcoin keeps its position above the Arnaud Legoux moving average (ALMA), an uptrend position. If this trend goes on, BTC might reach $45K in no time and advance further to $50k.However, this price forecast still depends on the bullish market and the behavior of its investors in the network. If the crypto remains to be the favorite digital asset around the world, it is only a matter of time before BTC hits $50k and breaks its ATH price of $67K.Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.Continue reading on CoinQuora More
