The financial institution will partner with the Commonwealth Bank, National Australia Bank. The financial services company Perpetual, and software company ConsenSys on a project to explore the potential use of a wholesale central bank digital currency in the country using “Ethereum-based distributed ledger technology”. According to a Nov. 2 announcement from The Reserve Bank of […]
A March 18th post by BitMEX Research discusses the two approaches governments can take with regards to the issuance of a Central Bank Digital Currency (CBDC) and the ramifications for the economy. Money Supply In the modern economy, the money supply is largely determined by the banks’ ability and/or willingness to make loans. From a […]
The Bank of England (BoE) is seriously weighing the pros and cons of issuing a central bank digital currency (CBDC) denominated in pounds sterling. Britain’s central bank recognized that a digital pound could be destabilizing for the current banking system. However, digital currency could use the latest FinTech and make transactions easier and faster for […]
With encouraging remarks from Li Bo, the new deputy governor of the People’s Bank of China, China may be softening its stance on cryptoassets, almost four years after enacting a crackdown on bitcoin (BTC), altcoins, and crypto exchanges (PBoC). Several media outlets, including CNBC and the South China Morning Post, quoted Li Bo as saying […]
The politician in charge of drafting Russia’s crypto regulation legislation. And formulating the country’s financial policy has spoken out about the need to eliminate the US dollar from the economy. Referring to the upcoming digital ruble as a “higher form of money.” Anatoly Aksakov, the Chairman of the Parliamentary Committee on Financial Markets. And also […]
As bitcoin (BTC) prices rise and the rollout of the Chinese central bank digital currency (CBDC) approaches, Chinese media outlets are reporting a sharp increase in bogus crypto, blockchain, and digital yuan-related schemes in the country. According to reports from JRJ and the National Business Daily, unsuspecting investors are putting up as much as USD […]
The upcoming Davos Agenda of the World Economic Forum will feature two separate cryptocurrency sessions. Offering another compelling sign that digital assets have penetrated mainstream awareness. Moreover, on Monday and Thursday, the sessions, titled Resetting Digital Currencies, will be held. Five public speakers included in the first session, including Governor Andrew Bailey of the Bank […]
Stephen Harper, who served for nine years as Canada’s prime minister. Says that as part of a basket of reserve currencies to replace the dollar. There may be a place for Bitcoin and central bank digital currencies. In an interview with Jay Martin of Cambridge House’s investment service at today’s Vancouver Resource Investment Conference. Harper […]
A South Korean TV drama manufacturing company is set to launch a major series focusing on issues related to crypto and blockchain – with a bumper budget of over USD 2.7 m per episode. As per Financial News, South Korea, China, and the United States’ major A-list celebrity actors are already in talks to star […]
While the results of the US presidential election continue to be questioned by some in the community, mainstream media outlets and the Associated Press have definitely called the race for former Vice President and current President-elect Joe Biden a race. But traders and analysts are now looking to determine what a Biden administration will mean […]