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

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

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

Brics Bank president calls for 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 the NDB aims to promote cooperation and integration between emerging economies and developing countries, particularly in the areas of infrastructure, sustainable development and digital transformation.

She also highlighted the bank’s achievements in providing loans and grants to member countries, as well as 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 payment solution for cross-border settlements

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

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Rosbank Crypto is powered by Bitfury’s Exonum blockchain platform and complies with Russian and international regulations. Rosbank Crypto aims to offer faster, cheaper and more transparent transactions for its customers, especially in trade finance and money transfers.

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 aren’t ready for central bank digital currency

Credit: FamZoo via Wikimedia

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 via an app or card. Only 21% of respondents said they would definitely or probably use 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 CBDC than older, less educated and lower income respondents.

The survey suggests 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, CEO of Coinbase, the largest cryptocurrency exchange in the United States, has accused the Securities and Exchange Commission (SEC) of being hostile and unclear to the crypto industry.

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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 “anything but Bitcoin is a security”. He also said 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, urging the crypto community to speak out against the “sketchy behavior” of the regulator.

Cryptogames launches new VIP program and betting competition

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

The betting competition, which runs until June 30, rewards the top 10 players who bet the most in any of the supported cryptocurrencies.

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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