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Fed Is In No Rush With Decision on Digital Dollar - Governor
14.8.2020
Lael Brainard. Source: a video screenshot, Youtube, CNBC Television
Following speculations about a potential upcoming digital version of the US dollar, an official with the US Federal Reserve revealed yesterday that the central bank is indeed experimenting with distributed ledger technology (DLT)...
China Set for Huge Expansion of Digital Currency Pilot
14.8.2020
The Chinese central bank is reportedly set to massively expand the scope of its digital yuan pilots – as the nation edges closer to a central bank digital currency (CBDC) issuance.
Per a report from the Wall Street Journal, the nation’s Ministry of Commerce said that the pilot – so far active...
China Expands Digital Yuan Trials to Beijing and Neighboring Provinces
14.8.2020
While there is not yet a set time for the expanded pilot program to begin, a policy framework should be complete by the end of 2020
Boston’s Federal Reserve Bank and MIT to Tackle Digital Currency Research
14.8.2020
Fed Governor Lael Brainard shares updates about the U.S. digital currency initiative and why it is crucial to understand CBDCs
China to Launch Major Expansion of Digital Currency Trials
14.8.2020
China is said to be planning additional testing of its digital yuan across a number of developed regions including Hong Kong
‘Invest In Bitcoin’ Galaxy Digital Ad Tells Financial Times Readers
14.8.2020
‘Now is the time to invest in Bitcoin,’ the full-page ad in UK-based international business newspaper Financial Times states
The Federal Reserve Is Experimenting With a Digital Dollar
13.8.2020
The Federal Reserve is actively investigating the potential impact of a digital dollar, though it has no plans to issue one anytime soon
Fed Reserve Analysts Say Common Digital Currency Distinction ‘Problematic’
13.8.2020
Bitcoin blurs the boundaries of a widely used classification of digital currencies and the distinction should be retired, say Fed experts
Crypto Exchange UpBit Scores Full Deck of Licenses From Thai SEC
13.8.2020
South Korean exchange UpBit received four licenses to operate a digital asset exchange in Thailand
Defi Project Yam Finance Sees Over $500M Locked in 24 Hours, Devs Reveal Contract Bug
13.8.2020
A new yield farming project is all the rage this week, as the Yam Finance project saw over $460 million dollars locked into the platform in 17 hours on Tuesday. On social media and crypto-focused forums, people have been very skeptical of the Yam Finance project as the code has not been audited....
World's Largest Utility Firm to Debut Blockchain-powered Digital ID Platform
13.8.2020
A local branch of the State Grid Corporation of China (SGCC) – the nation’s electricity monopoly and the biggest utilities firm in the world – said that it has developed a blockchain technology-powered digital identity authentication system.
Per Shupeidian, the Anhui Province branch of the SGCC...
Bitcoin and Gold Correlation Reaches Record High 70%, Bolstering BTC’s Store of Value Credentials
12.8.2020
The prices of bitcoin and gold have reached a monthly average correlation of 70%, an all-time-high, according to data analytics firm Skew. The previous peak of just under 60% was reached earlier on in the second quarter of 2020. Skew said the rising correlation supports the idea that bitcoin (BTC)...
Book Review - Decoding Digital: What is Cryptocurrency
12.8.2020
Can learning an industry’s vocabulary help beginners gain a greater understanding of the industry itself?
Building the Infrastructure for the Future Decentralized Financial Market, Coinbase Included HBTC.Com Debut DeFi Project – Nest Protocol
12.8.2020
As the world’s leading regulatory compliant digital asset exchange, Coinbase sets one of the most stringent requirements for digital asset listing which includes technical evaluation of projects, legal and risk analysis, market supply and demand analysis, and crypto-economics. Coinbase holds...
Hong Kong’s Greater Bay Area to Launch China’s Digital Yuan
12.8.2020
China’s CBDC is on its way to Hong Kong
Unpacking the Avit, Avanti Bank’s New Digital Asset Being Built With Blockstream
12.8.2020
Avanti says the Avit will not encounter the legal, accounting or tax hurdles of stablecoins, but it’s not yet clear where the asset will fit under U.S. law
Passive Income via Digital Wealth: A Deep Dive Into Crypto Earning, Staking, Interest Bearing Accounts
12.8.2020
During the last two years investment vehicles that allow crypto asset holders to gather yields have grown exponentially and anyone can make passive income with a number of avenues. Staking validators, decentralized finance (defi) lending services, and interest rate earning accounts provide digital...
DEX Aggregator 1inch Raises $2.8M From Binance Labs, Galaxy Digital and More
11.8.2020
Launched by software engineers from Porsche and NEAR Protocol, the startup has raised $2.8 million in a funding round led by Binance Labs
New Grayscale Ad: The History of Money in 30s & 'Digital Currencies'
10.8.2020
A snapshot of the new commercial.
Today, US-based major crypto asset management firm Grayscale launched its new national ad campaign in the US that aims to bring new crypto users by telling them the history of money in 30 seconds.
"The commercial is not your average financial services ad —...
Market Outlook: BTC Trend Targets $15K, Bitcoin Bull Raoul Pal ‘Irresponsibly Long’
10.8.2020
Cryptocurrency markets have been fluctuating quite a bit lately, as bitcoin and a number of crypto assets have been testing new resistance levels. The market valuation of the entire crypto-economy is hovering around $360 billion as a decent portion of the top twenty digital assets have gained 1-15%...