The first woman to gain more than a million YouTube subscribers is now going all-in on bitcoin to promote financial freedom to her loyal fanbase. “I kind of view bitcoin as similar to YouTube, which…
The Big Choices When Designing Central Bank Digital…
The increased interest in central bank digital currency (CBDC) has led to a surge in ideas and research about the topic, so much so that it’s all but impossible to keep up with everything that’s…
China Drafts Law to Legalize Digital Yuan, Outlawing…
China’s central bank, the People’s Bank of China (PBOC), has drafted a law to legalize the digital yuan and outlaw digital currencies issued by anyone else competing with it. Meanwhile, the central bank has been…
Bahamian Central Bank Launches ‘Sand Dollar’ Digital Currency…
The Central Bank of the Bahamas has become the latest national financial institution to launch a state-backed digital currency. The so-called ‘Sand Dollar’, pegged to the Bahamian dollar (which is pegged to the USD), is…
Bahamian Central Bank Launches ‘Sand Dollar’ Digital Currency–World…
The Central Bank of the Bahamas has become the latest national financial institution to launch a state-backed digital currency. The so-called “Sand Dollar”, pegged to the Bahamian dollar (which is pegged to the USD), is…
CBDCs Mean Evolution, Not Revolution
Who wants a central bank digital currency (CBDC)? Plenty of people, apparently; industry groups are advocating digital cash, millions of people have reportedly signed up to a lottery to receive digital renminbi in Shenzhen as…
Digital Ruble: Russia Unveils Plans to Test Central…
As China is actively testing its digital yuan, Russia is now planning to build and test a central bank digital currency, the digital ruble. Meanwhile, the Bank of Russia has proposed limiting the amount of…
Top DeFi Coins Crater 5-10% Despite $400 Bitcoin…
Bitcoin has soared higher over the past few days. After bottoming at $11,200 late last week after the OKEx news, the cryptocurrency has mounted a comeback. As of this article’s writing, the coin trades for…
Price analysis 10/19: BTC, ETH, XRP, BCH, BNB,…
Crypto market sentiment appears to be improving across the board and the global push to mainstream central bank digital currencies is also making headway. In China’s Shenzhen province about 2 million people had applied for…
Digital Yuan Giveaway: China’s Shenzhen City Hands Out…
A major Chinese city is giving away 10 million yuan in the country’s central bank digital currency this weekend. Recipients can use their digital yuan at 3,389 stores next week. The city aims for the…
Price analysis 10/7: BTC, ETH, XRP, BCH, BNB,…
Crypto prices may be in a rut but that doesn’t mean product development and acquisitions cease to occur. This week Japanese financial firm SBI Holdings acquired a 100% stake in TaoTao cryptocurrency exchange. With the…
China’s Digital Currency Has Been Used in 3…
China’s central bank digital currency has been used in 3.13 million transactions worth about 1.1 billion yuan ($162 million) so far, the People’s Bank of China’s deputy governor has reportedly revealed. In addition, more than…
Price analysis 9/11: BTC, ETH, XRP, LINK, BCH,…
The President of the European Central Bank (ECB) Christine Lagarde said that the coronavirus pandemic has acted as a catalyst in boosting the adoption of digital payments in the European Union. Lagarde expects the majority…
Former RBI Governor and IMF Chief Economist Sees…
Raghuram Rajan, former governor of the Reserve Bank of India (RBI) and chief economist at the International Monetary Fund (IMF), sees value in bitcoin, cryptocurrencies, and Facebook-backed libra alongside central bank digital currencies. Former RBI…
US Federal Reserve Reveals Building a Digital Dollar…
The U.S. central bank has been working on creating a digital dollar, according to a recently published transcript from Federal Reserve Board Governor Lael Brainard. On Thursday, she told participants attending “San Francisco’s Innovation Office…
Price Analysis 7/15: BTC, ETH, XRP, BCH, ADA,…
The People’s Bank of China (PBoC) is rumored to be working with food delivery giant Meituan Dianping and ride-hailing application DiDi to test the digital yuan. Currently, Meituan Dianping is estimated to have more than…
Bank of England Still Debating Creation of Central…
Bank of England (BoE) Governor Andrew Bailey said Monday that the institution is still debating whether it should create a central bank digital currency (CBDC). Speaking at a webinar event, Andrew Bailey admits a CBDC…
Major Indian Company TCS Launches Cryptocurrency Trading Solution…
Leading Indian IT company, Tata Consultancy Services (TCS), is launching a cryptocurrency trading solution for banks to allow their customers to invest in cryptocurrencies. TCS is part of the Tata group, India’s largest multinational business…
China Passes Law Protecting Cryptocurrency Inheritance
China has passed the country’s long-awaited civil code which expands the scope of inheritance rights to include cryptocurrency, such as bitcoin. Inherited cryptocurrencies will be protected under the new law. Meanwhile, several Chinese courts have…
Digital Yuan to Fuel China’s Economic Reign –…
China’s economy is the second-largest in the world and economists believe the country may someday bring a new global order and end the Western hemisphere’s financial rule. In 2020, various reports show that China’s central…