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Major Chinese Bank Launches Central Bank Digital Currency Wallet Briefly
29.8.2020
One of China’s biggest banks recently opened up registration for wallets using the country’s central bank-backed digital currency. There are four levels of the wallet, according to reports. However, the bank took the offer down a few hours later. China’s Digital Currency Wallet...
Chinese Bank Disables Digital Yuan Wallet After Soft Launch Draws Wide Attention
29.8.2020
China Construction Bank had quietly opened up the wallet service of China's digital yuan to public users – but has now disabled it shortly after the feature gained wide attention
Digital yuan doesn't pose a threat to the hegemony of the dollar, says expert
28.8.2020
Foreign investors still doubt the PBoC's policies when it comes to the RMB exchange rate
Bitcoin Slips in Latest Crypto Ranking by Chinese Government-Backed Center
28.8.2020
China’s Center for Information and Industry Development has revised its rankings of 37 crypto projects. Bitcoin has fallen from the previous ranking. As the Chinese government focuses on launching its central bank digital currency, the Center for Information and Industry Development (CCID)...
Digital Currency Group Pledges $100 Million to Bolster Bitcoin Mining Industry
28.8.2020
The firm Digital Currency Group (DCG) is entering the mining industry, as the firm has pledged $100 million into a cryptocurrency mining firm called Foundry. The mining company Foundry was noiselessly founded in 2019 and it aims to offer capital, consulting, and intelligence to digital assets...
Dash Nigeria Takes Digital Currency Education Campaign to Regulators and Key Institutions
27.8.2020
With sophisticated fraud schemes seemingly overwhelming the African crypto market, there is a growing need for players in the space to help fight this scourge. Some are responding through increased educational campaigns, which they hope will not only turn the tide against scammers but will also...
China plans to use its digital yuan at the 2022 Winter Olympic Games
25.8.2020
Details about the official launch date still remain murky
Brazil’s Central Bank Tasks Group With Laying Out Road Map to Digital Currency Issuance
24.8.2020
The 12-member team will submit their findings – and propose a CBDC issuance model – to the central bank in 180 days
Boston Fed Is Looking at ’30 to 40′ Blockchain Networks for Digital Dollar Experiments
24.8.2020
The Federal Reserve Bank of Boston is evaluating more than 30 different blockchain networks to determine if they would support a digital dollar
The US is losing the 'tech cold war,' warns Ripple co-founder
24.8.2020
China can reverse Bitcoin transactions, a Ripple exec said
China's digital yuan trials reportedly limited to small retail transactions
24.8.2020
China’s central bank released a new statement to debunk some rumors
China’s Blockchain Service Network to launch stablecoin support in 2021
24.8.2020
China’s national blockchain project BSN could be the best fit for the digital yuan
Digital Currency, Akoin and Blockchain Voting: Bad Crypto News of the Week
22.8.2020
Check out this week’s Bad Crypto podcast
OCC Chief Says Americans Gravitating Toward Digital Currencies: Urges Banks to Embrace Innovation
21.8.2020
Brian Brooks, the acting comptroller of currency at the U.S. Office of Comptroller of Currency (OCC), says America must adopt digital currency payment rails if the country hopes to compete with global payment rails in the future. He insists changing consumer needs must be prioritized over...
Top Indian Central Banker Says Cryptos Have a Future But Fears Monopoly
20.8.2020
A former chief economist of the IMF said neither private digital currencies nor central bank digital currencies should hold a monopoly
XRP Isn’t Competing With Stablecoins and CBDCs, Says Ripple Exec
19.8.2020
XRP contributes to the development of CBDCs and stablecoins, says key exec
Bank of England Joins Key Roundtable on Central Bank Digital Currency Design
18.8.2020
The Bank of England is keeping central bank digital currency research high on its 2020 agenda
Sichuan Officials Continue to Foster the Relationship Between Bitcoin Mining and Hydropower
18.8.2020
The province of Sichuan is well known for being one of the largest concentrations of bitcoin miners on earth because electrical costs are extremely cheap in the region. Data shows that miners using hydropower in Sichuan are paying between 0.065-0.075 yuan or $0.01 per kilowatt-hour. According...
China Testing Digital Currency in Major Cities, Including Beijing and Hong Kong
17.8.2020
China’s Ministry of Commerce has announced the pilot run of the country’s central bank-backed digital currency in major cities, including Beijing, Hong Kong, and Macau. It will also be tested during the 2022 Winter Olympics games in Beijing, the ministry said. China Announces Testing...
PayPal Co-Founder, DCG-Backed BTC Mining Firm Layer1 Accused of Patent Infringement
15.8.2020
Data center power management firm Lancium filed a lawsuit against Layer1 today, alleging that the BTC mining firm’s operations had infringed upon its patent