Bitcoin News and Finance: What You Need to Know

Monero currently occupies the foremost position among privacy cryptocurrencies in terms of market capitalization. The following Learning and Insights explainer briefly delves into the origins and development of Monero ( XMR ), emphasizing its distinctive features, such as anonymous transactions and untraceable payments, that set it apart from its peers. The Genesis of Monero: A Look at Monero’s Inception Monero (XMR) has emerged as one of the most widely utilized and valuable privacy coins since its inception in 2014. Unlike the multitude of forks derived from Bitcoin’s codebase, Monero was constructed on the Cryptonote protocol , initially implemented by Bytecoin in 2012. While Bytecoin introduced innovative privacy features like ring signatures , it was reported that 80% of its coins were premined. Consequently, in 2014, anonymous developers forked the Bytecoin blockchain to create Bitmonero, which was later renamed Monero. The new Monero blockchain produced a block every two m...

The G20 leaders have released their declaration following their summit in New Delhi. They endorsed the Financial Stability Board’s “high-level recommendations for the regulation, supervision, and oversight of crypto-assets activities and markets and of global stablecoin arrangements” and welcomed several reports by standard-setting organizations. The G20 leaders emphasized “the effective and timely implementation of these recommendations in a consistent manner globally to avoid regulatory arbitrage.” G20 Releases Leaders’ Declaration The G20 leaders released their declaration on Sunday following a two-day summit in New Delhi. India holds the G20 Presidency this year. The 37-page declaration includes a section on the policy and regulation of crypto assets and central bank digital currency (CBDC). “We continue to closely monitor the risks of the fast-paced developments in the cryptoasset ecosystem,” the declaration states. “We endorse the Financial Stability Board’s (FSB’s) high-lev...

Reserve Bank of India (RBI) Governor Shaktikanta Das has revealed that India’s central bank digital currency (CBDC) now has around 1.5 million users. In addition, over 300,000 merchants are currently accepting payments in digital rupees, and the pilot is being operated through 13 banks in 26 cities. RBI Governor’s Digital Rupee Update Reserve Bank of India (RBI) Governor Shaktikanta Das provided an update on the progress of India’s central bank digital currency (CBDC) pilot on Wednesday at this year’s Global Fintech Fest in Mumbai. The Indian central bank began its digital rupee pilot for the wholesale segment in November last year, followed by a pilot in the retail segment in December. The RBI governor revealed that India’s central bank digital currency trial has been rolled out to approximately 1.46 million users. He added that the digital rupee pilot is being operated through 13 banks in 26 cities, and over 300,000 merchants accepted payments in CBDCs as of Aug. 31. Das furth...

Rich Dad Poor Dad author Robert Kiyosaki has warned that Airbnb will lead the incoming real estate market crash. Noting that many people are worried that the “Airbnbust” is finally here, an economist cautioned that “it could get a lot worse between a looming recession and excess savings about to dry up.” Robert Kiyosaki on Airbnb and Real Estate Market Crash The author of Rich Dad Poor Dad, Robert Kiyosaki, warned last week that Airbnb will lead the incoming real estate crash. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries. The famous author posted on social media platform X that he expects Airbnb “to lead real estate market crash.” Kiyosaki added that the best time to get rich is in a crash, noting that for anyone searching for a new home or rental property, “your happy days a...