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05/01/21 14:35 by Ponvang Bulus
DeFi Will Feature In The Altcoin Rally: Raoul Pal Says In 2021 Crypto Forecast
Bitcoin bull and Co-Founder of Real Vision, Raoul Pal says that DeFi will feature in the next altcoin rally. In his crypto predictions for 2021, Pal said tokens are not going away despite the skeptic... Read More
05/01/21 14:10 by Ponvang Bulus
Stellar Foundation to Help Build Ukraine’s National Digital Currency
Ukraine is working on building its own national digital currency. The country’s government announced that it is bringing in the Stellar Development Foundation to build the central bank digital curr... Read More
23/11/20 17:55 by Brenda Ngari
Ripple Wants To Work With Central Banks To Introduce CBDCs Support On XRP Ledger
What a year — the coronavirus pandemic that has taken the lives of millions of people around the world, economic uncertainty, and the unemployment numbers that have continued to skyrocket. As a res... Read More
11/11/20 12:45 by Brenda Ngari
Lebanon’s Central Bank To Issue Digital Currency In 2021 In Light Of Economic And Monetary Fallout
Banque Du Liban, the central bank of Lebanon is set to launch a central bank digital currency (CBDC) in 2021.
According to a report by a state-run news publication on Tuesday, the central bank’s... Read More
10/11/20 04:00 by Nick Chong
NYU Professor Predicts CBDCs Are Imminent, Bitcoin Still Unviable
Central banks have been responding to the rise of Bitcoin with the introduction of central bank digital currencies, or CBDCs.
Thus far, movement on this front has been somewhat slow. Save for China, m... Read More
07/11/20 08:00 by Nick Chong
Ethereum Prints Pivotal Reversal Against Bitcoin Amid ETH2 Rollout
Ethereum strongly underperformed Bitcoin during BTC’s move to $16,000. In fact, for most of the rally from $13,000 to $16,000, ETH was trading for $380-400, failing to break higher.
But after BT... Read More
02/11/20 23:08 by Brenda Ngari
China’s Central Bank Has Transacted $300 Million In Digital Yuan So Far
The People’s Bank of China (PBoC) has processed over 4 million separate transactions — worth more than 2 billion yuan ($299.07 million) as part of the pilot tests for its central bank digit... Read More
02/11/20 15:28 by Ponvang Bulus
Reserve Bank of Australia Considers Use of Digital Currency Powered by the Ethereum Blockchain
The Australian central bank is considering the use of a Central Bank Digital Currency (CBDC) to be launched on the Ethereum Blockchain. The bank is already working on a project in collaboration with ... Read More
26/10/20 20:46 by Brenda Ngari
Kenyan Central Bank Is Considering Issuing A CBDC As It Feels ‘Left Out’ By Booming Private Cryptocurrencies
The Kenyan central bank is having serious discussions with international players about pursuing a retail central bank digital currency, a top official said Monday.
Patrick Njoroge, governor at the... Read More
21/10/20 12:20 by Nick James
Ripple CTO On How XRP Can Benefit From A Global Financial Reset As A “Neutral, Jurisdictionless Asset”
As more governments draw up plans to introduce CBDCs, they’ll need to adopt a bridging technology to streamline the payment system among the many CBDCs to come. In this case, XRP could gain by chip... Read More
20/10/20 14:09 by Samuel Wan
Sweeping Changes Coming to Finance, Ripple CTO Believes XRP Can Benefit
Ripple CTO David Schwartz weighs in on discussions of a “Great Financial Reset” by saying talk of a one-world currency is premature.
However, Schwartz acknowledges that a global network of... Read More
19/10/20 23:09 by Bernice Nyambura
CBDC’s Are Coming Fast But Will Not Replace Bitcoin – Raoul Pal
According to the Real Vision founder and CEO Raoul Pal, governments and Central Banks are much more prepared to roll out central bank digital currencies than most people think.
The changes that ha... Read More
19/10/20 19:51 by Nick James
Fed Still Mulling Over The Possibility Of A Digital Currency – Chairman Jerome Powell
The US Federal Reserve is still interested in creating a Central Bank Digital Currency (CBDC) but is yet to make a final decision on when and how the project will be undertaken. That’s according to... Read More
12/10/20 14:34 by Samuel Wan
Digital Yuan Trial Goes Live But Fears Over Dystopian Future Grow Louder
After years of rumors and leaks on Chinese social media, Shenzhen residents became the first in the country to trial the digital yuan.
Distribution of funds took place via a lottery-style promotion wi... Read More
06/10/20 05:02 by Nick Chong
Canadian Central Bank Releases Extensive Report on Viability of CBDCs
Central bank digital currencies, often known as CBDCs, are seemingly imminent: over recent months, central banks around the world have revealed that they are working on their own digital currency proj... Read More
05/10/20 15:32 by Guest Author
Crypto Market Analysis: 5th October 2020
The S&P 500 rose steadily through the week to 3,348 by Friday evening as it recovered the ground lost last week. By contrast, the STOXX 600 and FTSE All-Share showed very little signs of life, end... Read More
26/09/20 20:10 by Jide Idowu
Ripple CEO Brad Garlinghouse Explains Why CBDCs Don’t Threaten XRP
In a recent tweet, Ripple CEO Brad Garlinghouse continues to bolster the opinion that digital assets like XRP aren’t threatened by Central Bank Digital Currencies (CBDCs), but rather, convinced... Read More
04/09/20 19:28 by Brenda Ngari
Brazil Could Be Ready To Implement A Digital Currency In Just Two Years: Central Bank President
Brazil has been toying with the idea of a central bank-backed digital currency for only a couple of months. But now the president of Banco Central (the country’s central bank) has revealed that the... Read More
01/09/20 22:22 by Brenda Ngari
Tether (USDT) Overtakes XRP Yet Again, Exceeds $13.4 Billion Market Valuation
Over the past 24 hours, Tether stablecoin has overtaken Ripple’s XRP once again to become the world’s third-biggest cryptocurrency just behind ethereum (ETH) and bitcoin (BTC). Tether now boasts ... Read More
20/08/20 12:01 by Vincent Mislos
Bitcoin And Libra Can Coexist With CBDCs, Says Former Reserve Bank Of India Governor
With more central banks around the world studying the issuance of their own digital currencies, Bitcoin and Libra could still find a purpose to be part of a future when money becomes purely digital. ... Read More
19/08/20 18:14 by Nick James
XRP Complements Stablecoins and CBDCs, Top Ripple Exec Asserts
The advent of Stablecoins and Central Bank Digital Currencies (CBDCs) has pretty much put Ripple’s XRP in a compromising position, especially given that they do almost exactly what XRP does when ut... Read More
07/07/20 15:15 by Vincent Mislos
Can China’s Digital Yuan Oust Tether in Asia?
China is on track to launch its own Central Bank Digital Currency (CBDC) in the future. Intended as a tool for international trade, some tout CBDC as the future of money. Others say China may lead in... Read More
05/07/20 00:19 by Steve Muchoki
VISA Head Of Crypto Deconstructs Issues Regarding CBDCs and Effects on Bitcoin Adoption
Through a series of tweets on his official twitter account published on July 4, VISA Head Of Crypto, Cuy Sheffield, shared his thoughts on central bank digital currencies (CBDCs). According to him, C... Read More
01/07/20 14:13 by Samuel Wan
Central Bank Digital Currency Touted as Solution to US Economic Overhaul
Talk of a US central bank digital currency (CBDC) dominated proceedings, as the US Senate Committee on Banking, Housing, and Urban Affairs conducted a virtual meeting yesterday.
The near two-hour-long... Read More
26/05/20 18:19 by Tolu
‘There Is No Timetable For Launch of Digital Yuan’, Says Governor of China’s Central Bank
The governor of the People’s Bank of China (PBOC) Yi Gang, has put a damper in the general idea that China will launch its national digital currency soon. According to Gang, there is currently no p... Read More
06/04/20 15:22 by Brenda Ngari
South Korea’s Central Bank Initiates Pilot Scheme For Trialing Digital Won
The central bank of South Korea announced today the launch of a pilot scheme to test the viability of its own digital currency to replace its current payment systems.
Although the Bank of Korea ex... Read More
15/12/19 16:37 by Emilio Janus
Sunday Digest: Bitcoin Price, Scams and Definitely No Politics
Surely I can get through this introductory paragraph without mentioning the UK election. Must be some other news to cling to. If possible I could also tie in some spurious bitcoin comment… Can y... Read More
13/12/19 09:00 by Martin Young
Has South Korea Joined the Central Bank Crypto Race?
The South Korean central bank is the latest in the list of national banks to reveal its intentions towards central bank crypto (CBDC).
South Korea Joins Crypto Research Race
According to paper earl... Read More
11/12/19 08:00 by Martin Young
Lithuanian Central Bank Publishes Crypto (CBDC) Research
This year has seen the beginnings of a global race to launch central bank crypto-assets (CBDCs). No country has managed it yet but China is emerging as the clear favorite. This has spurred the forward... Read More
02/12/19 09:06 by Martin Young
Is Japan Following China with Central Bank Crypto Plans?
China is relentlessly pressing ahead with its blockchain drive and central bank crypto but it is not the only nation in the region riding the digital asset train. Japan’s central bank is also active... Read More