Libra

Bank of England warns crypto adoption may impact credit creation

Bank of England Warns Crypto Adoption May Impact Credit Creation

Jon Cuncliffe, the deputy governor for the financial stability of the United Kingdom’s central bank, the Bank of England (BoE), has warned that the crypto adoption may weaken or eliminate bank credit issuance. In a speech delivered to the London School of Economics on Feb 28, Cunliffe predicted that the integration of stablecoins on social […]

BOE official says central banks may lose payments race to tech companies

BOE Official: Central Banks May Lose Payments Race to Tech Companies

Bank of England (BoE) chief cashier Sarah John has expressed opinions favoring state-issued digital currencies, according to Feb 22 article published by The Telegraph. She urged other central banks to consider developing central bank cryptocurrencies in response to recent moves from private companies’ in the digital payments sector. John stated that it’s “really important” to […]

Japan's national cryptocurrency

Japan Plans to Release Its Own National Cryptocurrency

Japan plans to release its own cryptocurrency following the announcement of China’s launch of the digital Yuan. China started planning its digital Yuan project known as DCEP after Facebook announces its intentions to release Libra. At the moment, China is close to releasing the digital version of its national currency Yuan and Japan is following […]

stablecoins

Can Stablecoins Bring Financial Stabilization? See What US Federal Reserve Says

Stablecoins! Are they here to bring financial stabilization? Or, leaving us in the same state we are now? Details explained here! Keep reading and you’ll get to know… The US Federal Reserve comes out with new findings of financial stability. Surprisingly, the US Federal Reserve is supporting the use of stablecoin wholeheartedly. Most of the […]

Facebook-Pay
Facebook-Pay

Facebook Pay: New Payment System by Social Media Giant after Libra

Facebook, the social media giant, launches a new fiat payment system called Facebook Pay. The announcement comes soon after regulators stonewall its Libra stablecoin project. Facebook Pay allows users to buy and sell things online across Facebook, Instagram, Messenger, and WhatsApp. The VP, marketplace & commerce at Facebook, Deborah Liu said that people use Facebook’s […]

bitcoin

Bitcoin Witnesses a Bad Week Due to Sharp Fall in Price

The price of Bitcoin has now hit its lowest point since June of this year. Its price has tumbled below $8,000 per coin for the second time this week. It is unlikely the slide will stop anytime soon…

Keyless Wallet

ZenGo Tests Keyless Wallet for Facebook’s Crypto Libra

ZenGo, the non-custodial crypto wallet has come up with proof-of-concept for a keyless wallet for Facebook’s Libra coin. They have successfully managed to send/receive Libra using the keyless wallet. However, this was carried out on a testnet. The development on the wallet was shared on an official blog post of ZenGo…