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Russia mulls allowing cryptocurrency for international payments, Interfax reports

83% Center coverage: 6 sources
The Russian Federation is reportedly considering accepting cryptocurrencies for international payments. The move is in response to Western sanctions against the country that were prompted by its full-scale invasion of Ukraine earlier this year. The finance ministry is considering adding the proposal on international payments to an updated version of a crypto law that's still under construction.See the Story

Tether Enters Latin America With Mexican Peso-Pegged Stablecoin

100% Center coverage: 4 sources
Tether has launched a new stablecoin pegged to the Mexican Peso. The stablecoin, dubbed MXN�, will first be available on the Ethereum, Tron, and Polygon blockchains. 40% of Mexican businesses are interested in adopting blockchain and cryptocurrencies in some form.See the Story
Central Bank

India to roll out CBDC using a graded approach: RBI Annual Report

100% Center coverage: 1 sources
The Reserve Bank of India (RBI) proposed a three-step graded approach for rolling out CBDC in 2022-23. The Indian Finance Bill 2022, which enforced the introduction of a 30% crypto tax on unrealized gains, also provides a legal framework for the launch of a digital rupee.See the Story

Finance Redefined: Uniswap breaches $1T volume, WEF 2022 discussion on Terra, and more

100% Center coverage: 2 sources
Decentralized finance (DeFi) ecosystem continues to struggle with ongoing market volatility and after-effects of Terra ecosystem collapse. DeFi insurance protocol to pay out millions after Terra collapse, while interest in Ethereum Name Services (ENS) shattered new records. Top DeFi tokens by market cap had a mixed week of price action, with several tokens in the top 100 registering double-digit gains.See the Story

The increasingly acute need for crypto-native insurance

100% Center coverage: 2 sources
The insurance industry has a long history of providing vital support for major leaps in innovation. The modern insurance industry and the industrial revolution arose in parallel. We are in the midst of a new digital financial revolution, and the case for this new technology is clear. But given the circumstances, it's clear that traditional insurance is unlikely to step up to solve the crypto asset risk problem on a reasonable timeline.See the Story
Luna · Luna

Terra (LUNA) 2.0 relaunches according to Do Kwon's revival plan

100% Center coverage: 1 sources
The Terra 2.0 mainnet went live today, May 28, as per the original timeline set by Terra developers. Users previously holding Terra Luna Classic (LUNC), TerraUSD Classic (USTC) and Anchor Protocol UST (aUST) are eligible to receive new tokens. Binance's BNB Chain committed to providing investment and support to projects that are considering migrating from the Terra ecosystem.See the Story

Can a lesson in bimetallism help the long-term stability of Bitcoin and privacy coins?

100% Center coverage: 2 sources
The crypto market has been on a downward trajectory since the tail end of 2021. There is an economic incentive, not just utility, that privacy coins can offer as a solution. Monero, Zcash, Dash, Decred (DCR), Secret (SCRT) and Horizen (ZEN) have similar qualities to Bitcoin.See the Story

Identity and the Metaverse: Decentralized control

100% Center coverage: 1 sources
The Metaverse will replicate the physical world in a digital context. In theory, it will encompass augmented reality, the digital economy and Web3. Digital identities will lie at the core of the Metaverse, ranging from a digital avatar to customize using augmented reality. With more data than ever being stored online comes concerns over trust and its privacy.See the Story

NFT 2.0: The next generation of NFTs will be streamlined and trustworthy

100% Center coverage: 1 sources
Nonfungible tokens (NFTs) have been in the headlines for the past few years. As funding pours into the space, the market is starting to mature. NFTs are moving into the mainstream, but this requires a streamlined and trustworthy experience.See the Story

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