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Hong Kong in Talks With PBOC on Digital Yuan Trial for Cross-Border Payments
6.12.2020
PBOC’s Digital Currency Institute and the HKMA are discussing the technical pilot testing of using e-CNY form making cross-border payments
Bitcoin Cash Proponent Tattoos Forearm to Spread Digital Cash Awareness
6.12.2020
In order to spread the message about peer-to-peer electronic cash, some people talk about cryptocurrencies on a daily basis or wear t-shirts that display the bitcoin logo. Digital currency proponent, David Valenz, has taken the message spreading to a whole new level when he got a large tattoo...
US Representatives Add Digital Currencies to the 2021 Defense Bill
6.12.2020
The United States government is preparing to pass the 2021 National Defense Authorization Act (NDAA) and the latest bill includes a broad definition of currencies and includes “digital currencies.” However, after more than 50 NDAA bills passed, President Donald Trump plans to veto...
Trading Exchange Okex’s Crypto Reserves Nosedived After Withdrawals Opened
6.12.2020
Just recently, after the exchange paused cryptocurrency withdrawals, the trading platform Okex finally enabled digital currency withdrawals last Wednesday. Since then, the exchange seems to be experiencing an exodus of funds leaving, as onchain data shows Okex’s crypto-asset reserves like...
Testnet of Facebook’s Much Vaunted Stablecoin Only Executes 6 Transactions per Second
5.12.2020
The Facebook fronted stablecoin, Diem (formerly Libra)’s dismal testnet results undercut the assertion that the digital currency is a threat to global financial stability. This is the conclusion that can be deduced from a Diem blockchain explorer update which shows the network only processes...
JD.Com Says It’s Accepting China’s Digital Yuan for Latest Lottery
5.12.2020
Chinese e-commerce firm JD.Com says it's become the first online platform to accept the nation's central bank digital currency
Volatile Bitcoin Not a True Store of Value Just Yet, Says Fidelity Digital Assets Head
5.12.2020
Fidelity Digital Assets president Tom Jessop says that bitcoin is not a true store of value just yet because the digital asset is still too volatile, Reuters reported. However, investors are optimistic bitcoin will attain this status. “We use the word ‘potential store of value’...
What Is a CBDC?
4.12.2020
A CBDC is a central bank digital currency, a new type of money governments are experimenting with that often has blockchain at its core
Research Suggests Bitcoin Buying Ramps Up When Traditional US Markets Open
4.12.2020
While bitcoin and a number of digital assets set new 2020 price highs, a variety of crypto-asset commentators have detailed that since October, there’s been a lot of bitcoin buying action during U.S. market hours. Data shows that between East Asia and North America, the two regions account...
China's central bank plans digital yuan pilot for payments to Hong Kong
4.12.2020
Preliminary talks are underway to begin testing the e-CNY in the special administrative region of Hong Kong
Citigroup Helping World Governments Build Digital Currencies, CEO Says
4.12.2020
Michael Corbat's multinational banking giant has been calling digital currency all but inevitable since 2014
Jack Ma’s Ant Group, Three Other Digital Banks Get OK to Operate in Singapore
4.12.2020
The approved digital banks will be able to start operating from Singapore in early 2022
Russia’s Crypto Community Fears Digital Ruble Plan Means ‘Back to USSR’
4.12.2020
Russian cryptocurrency and blockchain association warns the Bank of Russia against the excess centralization of the digital ruble
US Treasury Wants Regulators to Watch for ‘Potential Risks’ in Digital Asset Innovation
4.12.2020
The department wants state and federal regulators to keep a vigilant watch on digital asset innovation
Swiss National Bank and BIS complete digital currency proofs-of-concept
4.12.2020
The Swiss National Bank and BIS don't want to miss out on possible blockchain-powered benefits for the financial system
Central Bank of Nigeria Governor Decries the Use of Parallel Exchange Rate as Citizens Switch to Crypto
4.12.2020
The governor of the Central Bank of Nigeria (CBN) Godwin Emefiele says the embrace of the parallel market exchange rate by some professionals in that country is unfair and unfortunate. The CBN governor says the parallel foreign exchange market only accounts for a share of the market that does...
Bitcoin a ‘Potential Store of Value’ That’s Very Volatile: Fidelity Digital Assets Head
3.12.2020
Many investors aspire to hold bitcoin as a store of value, but right now the cryptocurrency is very volatile, said the head of Fidelity Digital Assets
Cryptocurrency Indexes Are Set to Launch in 2021 by S&P Dow Jones Indices
3.12.2020
S&P Dow Jones Indices has made it official: they will launch cryptocurrency indexes in 2021, becoming the latest major finance company to make its inception into the digital asset industry. More than 550 of the top traded coins to be included in the indexes As Reuters reported initially...
Though centralized, a digital yuan is too big for China to surveil, says Cypherium CEO
3.12.2020
Despite ambitions of overtaking the dollar, China's central bank will have a hard time monitoring all the transactions involved in a CBDC, though commercial banks might lend a hand
Nexo Launches Buyback Program, Commits Initial $12M
3.12.2020
PRESS RELEASE. Nexo, the leading regulated digital financial institution with over $2 billion in assets under management, today announced the details of its buyback program. The company’s Board of Directors approved an initial repurchase of $12 million of its NEXO Token on an open-market...