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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

App Connects Bitcoin and Lightning Payments Directly to Your Bank Account

6.7.2020
The Strike app hopes to encourage mass adoption of the Bitcoin and Lightning Network by connecting it directly to a bank account or debit card

A New Price Valuation Model Says $10,670 Fair Value For Bitcoin

6.7.2020
Seba, a Switzerland based bank, is proposing a Bitcoin valuation model that places its fair value at $10,670. At this price, the model suggests Bitcoin is trading at a significant discount, at just above $9,100. In a blog posting this past Thursday, Seba says the model’s estimate relies...

CBDC is the Most Important Trend in Payments Says Visa Crypto Chief

5.7.2020
Visa’s head of crypto says CBDC is the most important payments trend in the next decade

UK Court Denies Maduro Access to $1 Billion of Venezuela’s Gold

3.7.2020
The UK is denying Nicolas Maduro access to Venezuela’s gold worth about $1 billion, stored at the Bank of England. The UK High Court has ruled that the country does not recognize Maduro as president of Venezuela, blocking him from accessing the much-needed gold. England Denies Maduro Access...

Japan’s Central Bank to Begin Digital Yen Feasibility Pilot

3.7.2020
The central Bank of Japan (BoJ) will conduct a controlled pilot for a central bank digital currency (CBDC) to see how a digital yen would function from a technical standpoint. The BoJ said it will begin a Proof-of-Concept (PoC) and wants to test the digital fiat in a controlled environment before...

Bank of Japan Will Begin Experimenting With a Digital Yen

3.7.2020
The Bank of Japan announced on Thursday that it would experiment with a CBDC to check its feasibility from a technical perspective

Swiss Bank InCore Enables Euro On-Ramp for Crypto Exchange Kraken

3.7.2020
The move comes at a time when traders are seeking alternative sources of capital value during an "uncertain macroeconomic climate."

$11 Trillion Offshore Assets Uncovered After 100 Countries Share Information on 84 Million Bank Accounts

2.7.2020
Governments in nearly 100 countries have been sharing offshore bank account information in an effort to crack down on tax evasion. Their “Automatic exchange of information” has led to uncovering 10 trillion euros ($11 trillion) in offshore assets in 84 million bank accounts....