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Alibaba-Backed AI Startup SenseTime to Help China Handle Digital Yuan
28.4.2020
Alibaba-backed AI startup SenseTime partners with China’s central bank to collaborate on the digital yuan amid reported trials
Bank Of China Expands Tests of New Fintech Regulation to Six More Cities
27.4.2020
Bank of China has a plan for fintech development and it’s now expanding pilot projects in six more cities to strengthen fintech regulation
BIS Innovation Hub Head: COVID-19 Has Exposed The Value of DLT
25.4.2020
The BIS is exploring digital currencies and tokenization amid the coronavirus pandemic
Boon for Bitcoin, Donald Trump as Ex-Fed Official Pushes to Tax Savers
25.4.2020
After U.S. oil turned negative, the Fed’s interest rates may be next in line, warns one of its ex-presidents
Binance Announces Up to 10% Cashback on Purchases via “Pay with Bank Card” Service
25.4.2020
World’s largest crypto exchange Binance announced on Saturday that the users would get up to 10% cashback on all the crypto purchases made via the “Pay with Bank Card” service. The users will get daily bonuses on a first-come, first-serve basis, the details of which were further given in the tweet:...
Digital Yuan to Fuel China’s Economic Reign – McDonald’s, Starbucks, Subway Test PBoC’s Cryptocurrency
24.4.2020
China’s economy is the second-largest in the world and economists believe the country may someday bring a new global order and end the Western hemisphere’s financial rule. In 2020, various reports show that China’s central bank will soon release a cryptocurrency that represents...
Crypto Firms Brace as World Bank Predicts 20% Crash in Global Remittances
24.4.2020
The World Bank is predicting that the half-trillion-dollar remittance industry will fall by 20% this year
Crypto Firm Deposits Jump 24% in Q1 at Metropolitan Commercial Bank
24.4.2020
Crypto-friendly Metropolitan Commercial Bank reported $25 million more in deposits from crypto customers in the first quarter of 2020
Liquidity Crisis: The Fed Is Sending Billions of Emergency Dollars to USD-Dependent Nations
24.4.2020
Since the start of the coronavirus outbreak, the U.S. Federal Reserve has created trillions of dollars in order to keep the central bank’s private partners’ liquidity strong during the economic downturn. These moves have caused a number of sound money advocates and economists to explain...
Starbucks and McDonald's Rumored to Be Testing China's Digital Currency
23.4.2020
Starbucks and McDonald’s shops in Xiong’an will reportedly support payments with China’s digital yuan
Argentina's Banks Set to Use RSK Blockchain Technology for Tracking Payments
22.4.2020
RSK enters the enterprise blockchain field by collaborating with major Argentinian banks
JPMorgan, Bank of America, Wells Fargo Sued Over Trump’s Paycheck Protection Program
22.4.2020
Class action lawsuits have been filed against JPMorgan Chase, Bank of America, Wells Fargo, and U.S. Bank for their alleged unlawful and fraudulent practices in the Paycheck Protection Program. This program is part of President Trump’s $2.2 trillion stimulus package to help small businesses...
Central Bank Says CBDC Could Learn From Bitcoin, Rejects Decentralization
22.4.2020
The move from fiat currencies to new central bank digital currencies appears to be gaining traction, as one of Europe’s biggest central banks admitted that (unspecified) parts of Bitcoin’s underlying technology could be used in creating a new type of currency.
The paper, which was written by...
Dutch Central Bank ‘Ready to Play a Leading Role’ with Digital Euro
22.4.2020
A De Nederlandsche Bank report says a central bank digital currency would solve issues such as the decline in the use of cash during the pandemic
Consensys Cuts Hundreds of Jobs This Year – About 25% of Its Staff Slashed
22.4.2020
Ethereum-based company Consensys has cut hundreds of jobs since January. In its latest action, the US-based blockchain development team confirmed it will slash more than 90 jobs – or 14% of its workforce – citing the global impact of Covid-19. The decision comes after a virtual town...
A Major Chinese Bank Unveils the Banking Sector’s First Blockchain White Paper
21.4.2020
The Industrial and Commercial Bank of China is the world’s largest lender by assets, and they’ve just released a crypto white paper
Dutch Central Bank Wants to Be European Union’s CBDC Proving Ground
21.4.2020
The Dutch Central Bank is making a bid to become the European Union’s proving ground for a central bank digital currency
Central Bank of Argentina Tests Blockchain-powered System + More News
21.4.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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The Central Bank of Argentina has started promoting a proof of concept based on blockchain. According to the emailed...
Federal Reserve Index: The US Is Already in Recession
21.4.2020
The Federal Reserve Bank of Chicago’s monthly index has plunged, suggesting that the U.S. has entered a recession. The index is designed to gauge the overall U.S. economic activity and inflationary pressure. It is a weighted average of 85 monthly indicators. Fed Index Suggests the US Already...
Argentina’s Central Bank Trials Blockchain for New Interbank Settlement Layer
21.4.2020
The trial for a faster, more transparent clearing system involves some of the country's largest banks