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Digital Yuan Giveaway: China’s Shenzhen City Hands Out 10 Million Yuan in Central Bank Digital Currency
10.10.2020
A major Chinese city is giving away 10 million yuan in the country’s central bank digital currency this weekend. Recipients can use their digital yuan at 3,389 stores next week. The city aims for the giveaway to boost usage of the new government-backed digital currency. Chinese City Giving...
U.S. Vs. China: who will win the digital currency war?
9.10.2020
The U.S. needs to embrace privacy-focused crypto in order to compete with China’s digital RMB
Market Update: Bitcoin Captures $11K, Flash Buy Signals, Bollinger Band Squeeze
9.10.2020
Cryptocurrency markets are seeing decent gains on Friday following the announcement Square made the day prior about purchasing $50 million worth of bitcoin for reserves. During the morning trading sessions, the overall market capitalization of all 7,000+ crypto assets is up over 2% hovering at $340...
Bank of Japan to begin digital currency proof-of-concept in 2021
9.10.2020
In a recent document from the Bank of Japan, the central bank stressed the need for offline availability
Senior Japanese official fears China being ‘first-mover’ in digital currency
9.10.2020
China might gain control over global CBDC standards, a Japanese official warns
Fed Reserve and 6 Other Central Banks Set Out Core Digital Currency Principles
9.10.2020
The seven central banks, along with BIS, have released a report setting out agreed core objectives that must be met by national digital currencies
Shenzhen to hand out 10 million digital yuan in currency giveaway
9.10.2020
China is promoting its central bank digital currency with a public $1.5 million giveaway
Hacker from the 2016 Bitfinex Breach Transfers $21M Worth of Bitcoin to Unknown Wallets
8.10.2020
On Wednesday morning (ET), around 2,034 BTC ($21.6 million) from the 2016 Bitfinex hack moved into a few unknown wallets. The action was caught by the Btcparser program as five transactions with around 400 BTC each moved for the first time in four years. On August 2, 2016, the popular digital...
China’s Digital Currency Has Been Used in 3 Million Transactions Worth Over a Billion Yuan So Far
8.10.2020
China’s central bank digital currency has been used in 3.13 million transactions worth about 1.1 billion yuan ($162 million) so far, the People’s Bank of China’s deputy governor has reportedly revealed. In addition, more than 122,000 digital wallets have been created....
‘It’s Something We’re Studying’: Deputy Treasury Secretary Discusses US CBDC Plans
7.10.2020
“It’s something we’re studying … this is really a decision which sits as much with the Fed as it does with Treasury,” said Deputy Secretary Justin Muzinich
South Korea’s Central Bank to Test Digital Currency With Banks in 2021
7.10.2020
Following China's lead, the Bank of Korea is to run circulation trials of a central bank digital currency with assistance from banks
Markets will decide on regulations, not the government: Currency Comptroller
7.10.2020
The government is great at setting up regulatory frameworks, not building products, says Currency Comptroller Brian Brooks
US is losing 'tech cold war with China' says Ripple co-founder
7.10.2020
Ripple’s executive chairman has slammed U.S. lawmakers for losing the blockchain arms race to China
Are Central Bank Coins the End of Financial Privacy?
5.10.2020
As the European Union gets more serious about a digital euro, most central bank digital currencies intend to remove the anonymity of cash
US Senator Toomey Highlights Digital Currency Regs as He Eyes Banking Panel Chairmanship
5.10.2020
Senate Banking Committee member Pat Toomey (R-Pa.) said Monday that he intends to take up digital currency regulation and payments system reform if he becomes the committee’s next chairman
Estonia’s Central Bank to Research if Blockchain Can Support a Digital Euro
5.10.2020
Eesti Pank said the initiative will gauge the suitability of the KSI Blockchain, already used within the country's e-government system, in supporting a central bank digital currency
Estonian central bank to conduct digital currency research
4.10.2020
They’re following other central banks, including the European Central Bank, into studying virtual currencies
All Currencies Will Be Pegged to Bitcoin, Says ‘Price of Tomorrow’ Author Jeff Booth
3.10.2020
Entrepreneur and popular author Jeff Booth has predicted a grim future for fiat currencies, expecting them to fail as central banks keep printing money. Foreseeing an unavoidable, severe depression and banking failure, he believes bitcoin will become the world’s reserve currency and...
Stacking Satoshis: Leveraging Defi Applications to Earn More Bitcoin
2.10.2020
As decentralized finance (defi) has become more popular, digital currency proponents are making money off of more than 140 yield-bearing cryptocurrencies. While most of the defi ecosystem revolves around the Ethereum network, a number of people leverage these defi applications in order to earn more...
ECB Sends Another Confirmation of A ‘Global Currency War’
2.10.2020
While China has already confirmed that its digital yuan aims to break “dollar dominance,” the Eurozone to start experimenting with a central bank digital currency (CBDC) this month in order to protect the Eurozone from other public or private digital currencies.
The European Central Bank (ECB)...