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Fed Chair Jerome Powell Says Dogecoin and Gamestop Hype Highlights ‘Froth in Equity Markets’
30.4.2021
Federal Reserve Chair, Jerome Powell, discussed a number of topics this week such as inflation and central bank digital currencies (CBDCs) following the multi-day Federal Open Market Committee (FOMC) meetings. The central bank’s lead executive was asked about feverish stocks like Gamestop...
England’s central bank moves ahead with CBDC with 7 job postings
30.4.2021
The Bank of England's CBDC-related job listings range from solution architect to senior manager
100M euro digital bond was a CBDC test, says Banque de France
30.4.2021
European financial institutions are using pilots to make a case for the digital euro
Our Man in Shanghai: Huobi looks to become Grayscale of Asia, Yao Ming’s NFT wine, and Chinese crypto investors go to the dogs
30.4.2021
Huobi tackles the institutional market, you can now own an NFT of basketball star Yao Ming drinking red wine, and China’s digital yuan starts to target the private sector
UBRI Partners with 3 Universities for CBDC Research
28.4.2021
Renowned Ripple’s UBRI project, i.e., University Blockchain Research Initiative, that runs accelerator programs for Blockchain, has partnered with NYU Abu Dhabi, University of Cape Town, South Africa, and Reykjavik University, Iceland. This partnership aims to promote research and engage...
Ant Group highlights private sector's role in developing digital yuan
26.4.2021
Major tech and commerce firms have been instrumental in helping China's central bank develop the digital yuan
Demand for PayPal’s crypto offering exceeded all expectations, CEO says
26.4.2021
In the next five to 10 years, there will be more changes in the financial system than over the past two decades, PayPal's CEO predicted
ConsenSys to develop private version of Kakao’s Klaytn blockchain
26.4.2021
A private version of Klaytn is in being developed in order to take part in South Korea's CBDC pilot, to be launched later this year
Top Chinese banks promote CBDC over local payment firms for shopping festival
26.4.2021
Leading Chinese banks are promoting the digital yuan over Alipay and WeChat Pay for an upcoming shopping festival in China
Decentralization is the final frontier for CBDCs
25.4.2021
Decentralized CBDCs will most likely pique the interest of the masses much more than their centralized counterparts
Asia-Pacific’s solarized digitalization agenda in pandemic times
24.4.2021
Amid the COVID-19 pandemic, the role of digitalization has become central to achieving sustainability and lessening climate change
Norway to start digital currency tests after four years of research
23.4.2021
The Norwegian central bank aims to find a preferred CBDC solution through new technical tests
China's digital yuan could be a fatal blow for Macau casino junkets
22.4.2021
Macau's casino junket operators have already been on the rocks during the coronavirus pandemic, and some fear that they could be “faded out” following the introduction of a fully traceable digital yuan
Expert explains why Britain needs a digital pound
21.4.2021
One of the contributors to the Bank of England's preliminary CBDC research tells us why a digital pound is neccessary in the United Kingdom
Morgan Stanley Says Central Bank Digital Currencies Not a Threat to Cryptocurrencies
20.4.2021
Major investment bank Morgan Stanley believes that central bank digital currencies are not a threat to the existence of cryptocurrencies. The bank believes that both types of digital currencies can coexist because they serve different purposes and have different appeals. Cryptocurrencies and CBDCs...
Federal Reserve Bank President Says Bitcoin Is Clearly a Store of Value
20.4.2021
The Federal Reserve Bank of Dallas president says bitcoin is clearly “a store of value.” Emphasizing the differences between cryptocurrencies, like bitcoin, and central bank digital currencies, he said the latter “won’t necessarily be a store of value.” Fed Bank Chief...
Bank of England and HM Treasury Launch a Central Bank Digital Currency Taskforce
19.4.2021
Her Majesty’s Treasury and the Bank of England have revealed the establishment of a central bank digital currency (CBDC) taskforce. According to the announcement, the group’s purpose aims to explore a potential UK CBDC. UK Entities Invoke a CBDC Taskforce to Explore a Central...
Bahamas ranked first for retail CBDC development, according to PwC
19.4.2021
Countries like the Bahamas and Thailand are on the leading edge of CBDC development, according to a new research report
China aims to let foreigners use digital yuan at Winter Olympics in 2022
19.4.2021
China wants to allow foreign athletes and visitors to use the county’s digital currency during the Beijing Winter Olympics in 2022
UK government establishes central bank digital currency task force
19.4.2021
The United Kingdom is the latest country to begin exploring the possibility of creating a central bank digital currency