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Singapore’s Central Bank Eyes Commercial Role for Its Blockchain Payments Tech
13.7.2020
Project Ubin has completed its last development phase and is now being considered as the basis for commercial digital currency ventures
Much Anticipated Central Bank Digital Currencies Raise Privacy Concerns
12.7.2020
CBDCs are one of the hottest topics in the fintech space, but as their inception comes closer, serious privacy concerns come with it
Zimbabwe’s Battle To Control Currency Inadvertently Boosts Bitcoin Profile
12.7.2020
Zimbabwe’s deteriorating economic situation is forcing authorities to sign off on some desperate and controversial decisions. Some of such decisions include the abrupt suspension mobile money as well as the recent designation of Zimswitch as a national payment switch. Reserve Bank of Zimbabwe...
Christophe Cieters: Monopoly Money
12.7.2020
As money developed and people opted to place it in secured storage, banks started issuing banknotes which represented a client’s deposit at the bank and the promise to redeem each note for the amount of gold it represented at a 100% reserve rate. Market exchange rates of the coins were...
How are Central Banks Exploring Central Bank Digital Currencies?
11.7.2020
At a time when enterprises are moving fast toward the adoption of blockchain technologies, central banks are exploring digital currencies as an alternative to replace their cash in circulation. A Central Bank Digital Currency (CBDC) is the digital form of fiat currency. Not to be confused with...
Bank of Lithuania Teams Up With NEM Blockchain To Launch LBCoin For Coin Collectors
11.7.2020
The Bank of Lithuania is all set to explore the opportunities and offerings of the crypto domain by the launch of its highly anticipated venture, the LBCoin Project, in collaboration with the NEM blockchain network. The product will take pride in being the world’s first digital collector coin...
Bitcoin Prize For Winners Of South Africa Mountain Bike Race
11.7.2020
About 150 mountain bikers will compete at this year’s edition of the Munga MTB race in South Africa. The race will commence in the first week of December. The top three finishers in each category will share the 1.5 bitcoin in prize money. The Bitstamp sponsored race was launched in 2015....
Ethereum and EOSIO Square Up Over Enterprise Blockchain Business in Latin America
10.7.2020
With ConsenSys in one corner and LatamLink in the other, a project backed by the Inter-American Development Bank is weighing Ethereum vs. EOS tech
Monetary Historian: Libra Will Never See The Light Of Day
10.7.2020
Economic historian Barry Eichengreen believes that stablecoins are either too fragile, or too expensive, to emerge as a dominant monetary form
US Dollar Slump Incoming: Bank of America Sees ‘Death Cross’ as Confidence in Gold Rises
9.7.2020
The US dollar is increasingly being viewed in a negative light by investors. Bank of America analysts are seeing a “Death Cross,” a bearish technical formation suggesting that a period of dollar weakness is coming. Meanwhile, confidence in gold has been rising. Investors Losing...
China’s Giant Ride-Hailing Service Didi to Pilot the Central Bank’s Digital Yuan
9.7.2020
The Chinese government and the country’s central bank, the People’s Bank of China (PBoC), are currently in the midst of testing a digital yuan or central bank digital currency (CBDC). Now the Chinese ride-hailing corporation Didi Chuxing will be trialing the newly developed digital yuan...
ING Joins Crypto Industry Body Working to Set Codes of Conduct
9.7.2020
The banking group has joined crypto industry body Global Digital Finance to help develop best practices for custodial firms and wallets
Bank of Lithuania's LBCOIN is a 'Playground' for Testing CBDCs
9.7.2020
The reverse of the physical coin. While presenting their new digital coin, the first of its kind, the central bank of Lithuania said that this project serves as a type of a testing ground for a possible future central bank digital currency (CBDC).
At the press conference Thursday morning, the Bank...
$1.4M in Bitcoin Transactions: New High for Argentina as Confidence in the Peso Tanks
9.7.2020
Crisis laden Argentina saw bitcoin transactions worth $1.4 million (101 million pesos) being recorded in the past week, a new high for the country. According to a report by Vorem, this figure is nearly double the previous high of $0.96 million recorded in the last week of June. Citizens who have...
Bitcoin Community Cries Foul as Major Bank Implicated in Epstein Scandal
8.7.2020
The Bitcoin community was quick to point out a $150 million penalty paid by Deutsche Bank for serving Jeffrey Epstein
23-Year-Old Who Lied to Bank About Bitcoin Holdings Pleads Guilty to Fraud
8.7.2020
Randall Joseph Smail faces up to 30 years' imprisonment for lying to a bank about $640,000 in bitcoin
China’s Uber, DiDi, to Trial PBoC’s Central Bank Digital Currency
8.7.2020
Didi, the Chinese equivalent of Uber, is forming a task force to design and implement trial of China's central bank digital currency on its on-demand transportation platform
Future Bleak for Private Stablecoins, SFB Economist Says
7.7.2020
SFB Technologies' chief economist sees a future for central bank digital currencies, or CBDCs, but not for privately issued stablecoins
Escalating Bank Runs Spur Chinese Government to Require Approval for Large Cash Transactions
7.7.2020
A series of bank runs has prompted the Chinese government to begin requiring approval for large cash deposits and withdrawals at commercial banks, starting with banks in a northern province. Recently, two bank runs happened within a week as people lost faith in financial institutions amid...
First Mover: Even Bank of America Acknowledges China Winning Digital-Currency Race
7.7.2020
BoA researchers anticipate that China's digital yuan might make a dent in the greenback’s global hegemony