Trump Stablecoins vs EU CBDC Race to Boost Best Wallet Token?
Trump’s advocacy of US stablecoins may prove to be the accelerant for a stalled EU plan – the digital Euro. Supporters are rubbing their hands in glee that their beloved pet project, a CBDC for the Euro, may finally become a reality. It’s been languishing in legislative limbo since 2023, as lawmakers were skeptical of the project. The chances of the digital Euro being ready by the end of this year are slim at best. Even so, with major pro-crypto moves on both sides of the Atlantic, it’s a good time to get your crypto wallet ready. And while you’re at it, claim all....
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Donald Trump just bought over $54M worth of crypto. According to the blockchain intelligence platform Arkham, World Liberty Financial ($WLFI), a crypto project owned by Donald Trump, made the purchase just as he was sworn in as the new President of the United States. The purchase includes a variety of different tokens, such as Ethereum, Bitcoin, Tron, and Aave. Interestingly, $WLFI invested approximately $4.7M, or a multiple of it, in every single token. More interesting stuff? At the exact moment of Trump’s inauguration, a $4.7M purchase of Bitcoin was made. This brings $WLFI’s total....
Stephan Leithner, the CEO of Deutsche Börse, a German securities marketplace, is calling for financial reforms in the EU and for the establishment of a CBDC (Central Bank Digital Currency) or digital euro. In light of this, we’ve unpacked the best cryptocurrency with self-governance features that, unlike a CBDC, make the most of the power of decentralization. On February 15, Leithner published a policy paper outlining a 10-step strategy aimed at transforming the EU’s Capital Markets Union (CMU) into a Savings and Investments Union (SIU) with a CBDC as its centerpiece. According to....
The Hong Kong Monetary Authority and the BIS Innovation Hub cooperated on a unique CBDC design that reflects the realities of money issuing in the special administrative region. The Hong Kong Monetary Authority presented its completed Aurum retail central bank digital currency (CBDC) prototype on Oct. 21. The system, developed in conjunction with the Bank for International Settlements (BIS) Innovation Hub, has a unique structure that reflects the intricacies of the existing system for issuing money in Hong Kong.Aurum consists of a wholesale interbank system and retail e-wallet. The....
Amid the buzz surrounding political tokens and the heated race for the White House between former President Donald Trump and Vice President Kamala Harris, a token known as Restore the Republic (RTR) emerged. According to Fortune, this crypto, which exploited rumors surrounding the Trump family, defrauded investors and led to the loss of significant amounts […]
Crypto projects like Best Wallet token are ready to take off as Donald Trump eyes an executive order that would force the Federal Reserve to accept crypto banks into the system. The measure comes as a response to Biden’s Operation Chokepoint 2.0, which sought to prevent crypto entities from accessing banking services. Trump himself addressed […]