Search
Binance CEO warns of CBDC drawbacks as digital dollar pilots proceed in US
4.5.2021
CBDCs will never offer the same freedom of use as cryptocurrencies like Bitcoin, according to Binance CEO Changpeng Zhao
Digital euro's privacy promise not worth a centralized system, Oasis exec says
4.5.2021
A former Apple executive believes the European Central Bank might just be paying lip service to the concept of privacy in relation to a digital euro
Nigeria Stopping the Rejection of Old or Torn USD Notes Underlines Why Crypto Is a Better Reserve Currency
3.5.2021
In early April 2021, the Central Bank of Nigeria (CBN) issued a circular warning Nigerian institutions to stop the practice of rejecting old or lower denomination USD notes. The CBN issued the warning after it became “inundated with complaints from members of the public on the rejection...
Turkey Updates Cryptocurrency Regulation Amid Payments Ban and Collapsing Exchanges
2.5.2021
The Turkish government has updated the country’s cryptocurrency regulation following the banning of cryptocurrencies for payments and failing crypto exchanges. Published in the Official Gazette on Saturday, the new rule adds crypto trading platforms to the list of entities covered...
Fed Chair Jerome Powell Says Dogecoin and Gamestop Hype Highlights ‘Froth in Equity Markets’
30.4.2021
Federal Reserve Chair, Jerome Powell, discussed a number of topics this week such as inflation and central bank digital currencies (CBDCs) following the multi-day Federal Open Market Committee (FOMC) meetings. The central bank’s lead executive was asked about feverish stocks like Gamestop...
England’s central bank moves ahead with CBDC with 7 job postings
30.4.2021
The Bank of England's CBDC-related job listings range from solution architect to senior manager
Fed to Keep Rates Near Zero, Treasury Purchases to Continue, Powell Expects ‘Transitory’ Inflation
29.4.2021
In a policy meeting on Wednesday, the U.S. Federal Reserve told the public that monetary easing will continue and the benchmark interest rate will be kept near zero. Just like previous statements from Federal Open Market Committee (FOMC) members, the committee within the central bank is...
Turkey Drafting Crypto Regulation — Central Bank Says No Intention to Ban Cryptocurrencies
29.4.2021
The Turkish government is reportedly creating a regulatory framework for cryptocurrencies after two crypto exchanges in the country abruptly halted trading and are now being investigated for fraud. The government is reportedly planning to establish a central custodian bank among other initiatives....
Iran's central bank says officially mined crypto can be used to pay for imports
27.4.2021
A developing strategy to mitigate the crippling effect of economic sanctions could see cryptocurrencies being used by Iranian firms to pay for imports such as raw materials and electronics
The Global Economy Comes Before Savers: ECB President Christine Lagarde Defends Negative Interest Rates
27.4.2021
The European Central Bank President Christine Lagarde is keeping the central bank’s monetary easing policies unchanged according to her statements from a press conference last Thursday. Moreover, the central bank’s Twitter account recently shared a video of Lagarde defending negative...
Iran Authorizes Banks and Currency Exchangers to Use Cryptocurrencies to Pay for Imports
27.4.2021
The Central Bank of Iran has authorized banks and currency exchangers to use cryptocurrencies mined by licensed crypto miners in the country to pay for imports. Meanwhile, a bill is being drafted to provide regulatory clarity regarding crypto-related activities. Using Cryptocurrencies to Pay...
Argentina Central Bank Tells Banks: Give Us Data on Crypto Transactions
27.4.2021
The Argentinian central bank has asked the nation’s commercial banks to hand over data on transactions conducted by customers they believe to be trading in crypto – with yet another global government apparently gearing up to regulate its crypto users.
Per Infobae, the central Banco Central de...
Eric Weinstein calls Bitcoin potential hedge against fiat catastrophe
26.4.2021
“Don’t let short term losses in Bitcoin sour you on Bitcoin, crypto or distributed computing,” Weinstein said. “Don’t let Bitcoin zealots chase you away either.”
Ant Group highlights private sector's role in developing digital yuan
26.4.2021
Major tech and commerce firms have been instrumental in helping China's central bank develop the digital yuan
Demand for PayPal’s crypto offering exceeded all expectations, CEO says
26.4.2021
In the next five to 10 years, there will be more changes in the financial system than over the past two decades, PayPal's CEO predicted
Chinese online retail giant JD.com adopts digital yuan for salary payments
26.4.2021
Chinese e-commerce company JD.com has upped its support for the country’s central bank digital currency
2 Turkish Crypto Exchanges Investigated for Fraud After Central Bank Bans Cryptocurrency Use for Payments
25.4.2021
Two Turkish cryptocurrency exchanges are being investigated by the authorities in Turkey after they abruptly halted trading. The authorities have blocked access to the bank accounts of the second exchange and detained four people so far. Sixty-two people have been detained in connection with...
Decentralization is the final frontier for CBDCs
25.4.2021
Decentralized CBDCs will most likely pique the interest of the masses much more than their centralized counterparts
Norway to start digital currency tests after four years of research
23.4.2021
The Norwegian central bank aims to find a preferred CBDC solution through new technical tests
Egypt’s Growing P2P Volumes Being Driven by Crypto Traders Under the Age of 34
23.4.2021
A recent market report by Localbitcoins suggests that traders or holders under the age of 34 are driving crypto volumes in Egypt. This rise in Egyptian crypto transactions is evidenced by P2P data which shows the crypto asset’s weekly traded volumes averaging $205,000 in much of Q1 of 2021....