Search
Bank of England's CBDC 'Britcoin' May Not Rely on Blockchain
28.6.2023
The Bank of England is still mulling over which technology will underpin its Central Bank-Backed Digital Currency (CBDC).
All other central banks are using Blockchain technology to issue their national digital currencies. However, the Bank of England has not decided on it yet.
The head of...
Digital pound will be pseudonymous with a focus on privacy: BoE CBDC chief
27.6.2023
The underpinning technology for the UK CBDC could use a different ledger than the popular blockchain technology
Study Shows Bank of England’s Rising Interest Rates Threaten 1.2 Million UK Households With Insolvency
25.6.2023
The Bank of England made an impactful move last Thursday, June 22, 2023, as it raised the benchmark bank rate to 5%, marking a significant 0.5 percentage point increase. This decision catapults the central bank’s rate to its highest level since 2008 and represents the most substantial surge...
Bank of England Project Finds CBDCs Could Introduce 'Programmability' to Money
20.6.2023
A trial conducted by the Bank of England (BoE) and the Bank for International Settlements (BIS) Innovation Hub has highlighted the potential central bank digital currencies (CBDCs) have for introducing “programmability” to money....
Read More: Bank of England Project Finds CBDCs Could Introduce...
Central Banks Successfully Test Over 30 CBDC Use Cases, Including Offline Payments
16.6.2023
An API layer could facilitate a wide range of central bank digital currency payment scenarios, a Bank for International Settlements and Bank of England experiment has shown
Venezuela Seeks to Regain Control of More Than $1.8 Billion in Gold After Interim Government Dissolves
25.5.2023
The government of Venezuela is seeking to regain control of more than $1.8 billion in gold deposited in the vaults of the Bank of England. Officials of Maduro’s government appealed to the London Court of Appeals that the destitution of Juan Guaido, the former interim president, could affect...
7 central banks and BIS continue examination of ongoing policy issues for retail CBDC
25.5.2023
The Bank for International Settlements has published the fifth paper by the group, highlighting its latest thinking on a potential retail CBDC
Today in Crypto: Bank of England to Reject Revolut's Banking Licence Application, ASX Abandons Blockchain, HashKey to Raise Funds at $1BN Valuation, Ledger Co-founder Calls Recover Service Launch a 'Horrible Mess'
19.5.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Bank of England to Reject Revolut's Banking Licence Application, ASX Abandons Blockchain, HashKey to Raise...
BoE fintech head says crypto doesn’t ‘fulfill any of the functions of money’
9.5.2023
At a recent event, Tom Mutton, the Bank of England’s head of fintech, touted the privacy benefits of CBDCs while denouncing the anonymity of cryptocurrencies
Gold Slides on Higher US Treasury Yields, Dollar
19.4.2023
Prices of gold, and other precious metals, fell on Wednesday due to stronger U.S. yields and national currency. The decline comes on the backdrop of expectations of new interest rate increases next month amid persistent inflation in the United States and elsewhere. Gold and Silver Slip as Investors...
Today in Crypto: Intel Discontinues Bitcoin Mining Chips Production, a16z Crypto Teases a New Launch, LUKSO's Genesis Validator Deposit Smart Contract Going Live on Thursday
19.4.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Intel Discontinues Bitcoin Mining Chips Production, a16z Crypto Teases a New Launch, LUKSO's Genesis...
BIS, Bank of England concludes blockchain int’l settlements pilot
19.4.2023
The insights of Project Meridian would be used by the Bank of England in its Real-Time Gross Settlement (RTGS) system
Bank of England Explores Digital Pound for Wholesale Markets – CBDC Adoption on the Rise?
18.4.2023
A Bank of England (BoE) official has said that a digital version of the British pound could soon be used in wholesale markets, potentially taking the UK one step closer to a central bank digital currency (CBDC)....
Read More: Bank of England Explores Digital Pound for Wholesale Markets – CBDC...
Bank of England preparing for greater role of tokenization in finance, official says
17.4.2023
BoE deputy governor Sir Jon Cunliffe looked at stablecoin, CBDC and other forms of tokenization taking hold in the modern economy in a speech on financial innovation
BoE Considers Limits on Stablecoin Payments as Parliament Debates New Crypto Rules
17.4.2023
The Bank of England plans on releasing a consultation proposal by the end of the year, Jon Cunliffe said at Innovate Finance’s annual global summit
Stablecoins Cannot Function as Money Because They Have No ‘Assured Value’ — Bank of England Governor
14.4.2023
Andrew Bailey, the governor of the Bank of England, has asserted that stablecoins “will need to have the characteristics of, and be regulated as, inside money” before they function as money. Bailey also described crypto as a “highly speculative investment” with no intrinsic...
UK forms Bitcoin Policy org to boost BTC education and adoption
13.4.2023
A Bitcoin-only policy organization in the United Kingdom seeks to steer a course for greater levels of Bitcoin adoption
Stablecoins Need to Be Regulated Like Commercial Bank Money, Bank of England's Andrew Bailey Says
12.4.2023
The central bank governor also said regulators can't rule out central bank digital currencies
Today in Crypto: 'Now is Best Time to Invest in Web3', Ex-FTX US President Brett Harrison Resigned Due to 'Protracted Disagreement' with Sam Bankman-Fried, Bank of England Building a CBDC Team
10.4.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: 'Now is Best Time to Invest in Web3', Ex-FTX US President Brett Harrison Resigned Due to 'Protracted...
Bank of England Targets 30-Strong Team for Digital Currency: Report
9.4.2023
Among the positions available: Digital Pound Security Architect and Digital Pound Solutions Architect