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Today in Crypto: Crypto's 'Inherent Structural Flaws' Make It Unsuitable for Monetary System, BIP39 Mnemonic Phrases Can be Turned into Colors, Dev Says He Reverse-Engineered Brazil CBDC Source Code, Algofi to Shut Down
11.7.2023
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: Crypto's 'Inherent Structural Flaws' Make It Unsuitable for Monetary System, BIP39 Mnemonic Phrases Can...
Brazil's CBDC pilot contains code that can freeze or reduce funds, dev claims
11.7.2023
Pedro Magalhães, a blockchain developer who claims to have reverse-engineered Brazil's pilot CBDC has found code that would allow accounts to be frozen or drained at will
Brazil’s Central Bank Uploads CBDC Files to GitHub – Digital BRL Rollout Imminent?
6.7.2023
The Brazilian Central Bank has uploaded a large collection of central bank digital currency (CBDC)-related documents to GitHub – as the nation edges closer to a digital real rollout.
The collection of documents was uploaded to the bank’s GitHub page on June 3, but a number of files were also...
Brazilian Central Bank Adds Crypto Exchange Mercado Bitcoin in CBDC Pilot Including Mastercard
23.6.2023
The approved consortium includes Mastercard, broker Genial, registrar Cerc and financial software fintech Sinqia as partners
Brazil Central Bank Unveils CBDC, Tokenization ‘Events’ – Digital Real Rollout Imminent?
14.6.2023
Brazil’s Central Bank, the Banco Central do Brasil (BCB), has unveiled a “roadmap” of events ahead of the nation’s CBDC rollout.
In an official BCB release, the bank stated that it would also begin assessing the possibility of enabling the launch of tokenized assets.
The BCB unveiled a list...
Brazilian Central Bank Reveals CBDC Pilot Partners – One Is a Major Crypto Player
26.5.2023
The Brazilian Central Bank has revealed the firms it will work on for its central bank digital currency (CBDC) pilot – and the list includes the crypto-keen neobank Nubank.
According to an official Central Bank release, the bank wants to "evaluate the benefits" of the prototype digital real using...
Visa to Develop Brazilian Blockchain-powered CBDC Project
28.4.2023
The payments giant Visa has unveiled a new blockchain and central bank digital currency (CBDC) project in Brazil.
Per the Brazilian media outlet Livecoins, the firm was selected by the Brazilian central bank to “explore” “innovative” on blockchain technology-powered “usage cases” for the prototype...
Brazilian Central Bank: CBDC Designed to Help New Businesses
28.2.2023
The Brazilian Central Bank says that its central bank digital currency (CBDC) – the digital real – is being designed to help now domestic businesses grow. The bank is also looking to tighten the regulations surrounding cryptoassets.
The newspaper O Globo reported that Roberto Campos Neto,...
Brazil Could Launch Its Defi-Integrated Digital Real in 2024
17.12.2022
Roberto Campos Neto, president of the Central Bank of Brazil, has stated that the digital real project, the Brazilian central bank digital currency (CBDC) could be launched in 2024. Campos Neto also remarked on the benefits the digital currency system might bring as it is integrated with...
Brazil could cement its status as an economic leader thanks to 2024 CBDC move
12.12.2022
Brazil is set to launch a Central Bank Digital Currency (CBDC) in 2024, a move that could contribute to its status as an economic leader in South America
President of Bank of Brazil Shows ‘Open Finance’ Digital Real Concept Featuring Stablecoin Integration and Payments Functionality
29.11.2022
Roberto Campos Neto, president of the Bank of Brazil, explained the role that the Brazilian central bank digital currency (CBDC), the digital real, might play in the future of personal finance. At an event, Neto explained the concept of “open finance,” showing a “super app”...
Digital Real Will Be Used by Banks in Brazil as Collateral to Issue Their Own Stablecoins
7.6.2022
The Brazilian central bank digital currency (CBDC), the digital real, will be more of a wholesale asset instead of a public retail-focused token, according to statements from the president of the Central Bank of Brazil, Roberto Campos Neto. Campos Neto indicated that private banks in the country...
Brazilian central banker describes how CBDC system can halt bank runs
3.6.2022
In constructing its Real Digital, Brazil's central bank is developing mechanisms that can freeze citizens' conversion to CBDCs in the event of a bank run
Bitcoin’s move to $32.4K was a fakeout — Here’s the price level most BTC traders are waiting for
3.6.2022
Some traders lost hope this week after BTC price rejected at $32,400, but many say this level is where they will become buyers
Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
17.4.2022
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this new test will include a fixed supply of...
Brazilian central bank president confirms CBDC pilot will launch in 2022
12.4.2022
The sovereign national digital currency will be based on national fiat and would have a fixed supply quite similar to Bitcoin
Central Bank of Brazil Chooses Nine Institutions to Study Digital Real Possibilities
5.3.2022
The Central Bank of Brazil and Fenasbac, the National Federation of Associations of Central Bank Servers, decided to select nine projects to monitor and support their different proposals for the application of a hypothetical Brazilian central bank digital currency (CBDC), the digital real. Projects...
Shake Shack Bitcoin, Manchester OKX, New Crypto Investments + More News
4.3.2022
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: Shake Shack Bitcoin, Manchester OKX, New Crypto Investments + More News
IMF Warns El Salvador, India's Crypto Soap Opera, Brazil's CBDC Pilot + More News
23.11.2021
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: IMF Warns El Salvador, India's Crypto Soap Opera, Brazil's CBDC Pilot + More News
Economy minister says Brazil will have its own CBDC
5.11.2020
Paulo Guedes said that the Brazilian real will have a digital counterpart and also highlighted the autonomy of the Central Bank