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The UK is picking winners for its digital dollar future while Coinbase CEO cries foul

The UK government is moving forward with plans for a central bank digital currency (CBDC), often referred to as a digital pound, and is selecting key players to help shape its development. Coinbase CEO Brian Armstrong has criticized the UK's approach, arguing that it favors certain companies over others, potentially stifling competition and innovation. The initiative aims to position the UK as a leader in the digital currency space amid growing global interest. The Bank of England and the Treasury are involved in the project, which is still in the exploratory phase. Armstrong's concerns highlight ongoing tensions between regulatory bodies and cryptocurrency firms regarding the future of digital currencies.

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UK Selects Firms for Stablecoin Regulatory Sandbox, Including Revolut

The UK has chosen several firms to participate in its stablecoin regulatory sandbox, aimed at fostering innovation while ensuring consumer protection. Among the selected companies is Revolut, a well-known financial technology firm. The sandbox will allow these firms to test their stablecoin products and services in a controlled environment with

Blockfills co-founder and CEO Nicholas Hammer has stepped down

Nicholas Hammer, co-founder and CEO of Blockfills, has resigned from his position. The decision comes amid ongoing challenges within the cryptocurrency industry, which has faced significant volatility and regulatory scrutiny. Hammer's departure marks a significant leadership change for the company, which specializes in providing liquidity solutions for digital

Bitcoin Giant Strategy, Coinbase Among Most-Shorted Stocks: Goldman Sachs

Goldman Sachs has identified Coinbase as one of the most shorted stocks in the market, alongside other major companies. This trend reflects growing skepticism among investors regarding the cryptocurrency exchange's performance amid regulatory challenges and market volatility. The report highlights that Bitcoin's price fluctuations and the

What early Bitcoin architect Adam Back thinks of this cycle

Adam Back, a key figure in the development of Bitcoin, shares his insights on the current cryptocurrency market cycle. He emphasizes the importance of technological advancements and adoption in driving Bitcoin's value. Back notes that while market volatility is expected, the long-term outlook remains positive due to increasing

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UK Selects Firms for Stablecoin Regulatory Sandbox, Including Revolut

Blockfills co-founder and CEO Nicholas Hammer has stepped down

Bitcoin Giant Strategy, Coinbase Among Most-Shorted Stocks: Goldman Sachs

What early Bitcoin architect Adam Back thinks of this cycle