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Crypto Evening Briefing: Russia to Work With Digital Currencies of Other Nations

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Russia to Work With Digital Currencies of Other Nations

The digital ruble platform being developed by the Bank of Russia will have the capability to interact with other state-issued digital currencies, according to the central bank. The bank is working on mechanisms to facilitate interaction with digital coins issued by other countries' central banks, potentially through two-way integration or an international digital platform.

Multi-Chain Lending Protocol FilDA Suffers $700K Loss in Cyber Attack

FilDA, a multi-chain lending protocol, was attacked earlier today on the Elastos Smart Chain (ESC) and REI Network, resulting in a loss of approximately 700K USD. No other FilDA deployments have been affected.

Chinese City Public Servants to Receive Digital RMB Salaries From May

All civil servants in the Chinese city of Changshu will receive their full salaries in digital RMB or digital yuan starting from May 2023, according to a notice issued by local authorities. This includes public service personnel, public institution personnel, and personnel of state-owned units at all levels in the city. Employees will be able to opt for digital yuan settlements through self-service terminals.

Biden’s Comms Director Barred From Former Crypto Clients: Report

President Joe Biden will prohibit his communications director, Ben LaBolt, from handling any legal matters or contracts related to cryptocurrency or technology firms he previously represented, according to an April 22 report by Bloomberg Law.

BUSD Drives 19% Slump in Stablecoin Transfer Volumes

Stablecoin transfer volumes have fallen by 19.2% in the past week, led by a major slowdown in the use of Binance's BUSD, which fell by 353.3% over the course of the week. The market cap of BUSD and other major dollar-pegged stablecoins, such as USDC and TUSD, has also been declining. 

Market Watch 

As of press time, according to Cointime data:

BTC 's live price is $27,660.51 USD, jumped by 1.43% in the last 24 hours;

ETH’s live price is $1,876.37 USD, jumped by 1.43% in the last 24 hours;

BNB’s live price is $331.34 USD, jumped by 1.18% in the last 24 hours;

XRP's live price is $0.4686 USD, jumped by 1.88% in the last 24 hours.

Fundraising News

VEGA Has Completed a $2 Million Seed Funding Round Led by Arcane Group

VEGA has completed a $2 million seed funding round led by Arcane Group with participation from notable investors such as New Wheel Capital. Committed to bring out more talented young people and turn them into idols, Vega will continue to provide a more equitable, valuable and decentralized platform to help these young talents get a fairer chance to show themselves.

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