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…
Indian Crypto Exchanges Flooded With INR Deposits and…
Indian crypto exchanges have been experiencing a flood of INR deposits and surging trading volumes since it was revealed that Elon Musk’s Tesla purchased $1.5 billion worth of bitcoin. The positive sentiment swept the Indian…
Beijing’s $1.5 Million Digital Yuan Giveaway: China to…
China is giving away 10 million yuan in its central bank digital currency in Beijing. Recipients can spend the digital yuan during the Chinese New Year festival. Beijing has become the third major city in…
Indian Government Confirms Crypto Bill Is Being Finalized…
The Indian government has spoken about the cryptocurrency bill again. This time, the minister of state for finance has clarified the status of the crypto bill that is expected to be introduced in parliament during…
India’s Central Bank RBI Close to Digital Currency…
The Reserve Bank of India (RBI) is actively working on a digital currency and will make a decision “very soon,” the central bank has reportedly confirmed. Meanwhile, payments giant Paypal is shutting down its payment…
Indian Government Clarifies Position on Cryptocurrency and Digital…
The Indian government has clarified its position on cryptocurrency and the country’s digital currency in answers provided by the Ministry of Finance in Rajya Sabha, the upper house of India’s parliament. The Indian crypto industry…
US Federal Reserve Seeking Manager to Research CBDCs…
The U.S. Federal Reserve (Fed) has posted a job advertisement that seeks to hire a role related to stablecoins and central bank digital currencies (CBDC). The Fed is looking for a research manager to join…
Bank of England Governor Warns Cryptocurrencies Won’t Last
The governor of the Bank of England, Andrew Bailey, believes that no existing cryptocurrencies will last. Talking about the design, governance, and arrangements of “a lasting digital currency,” the head of England’s central bank said,…
Indian Central Bank Sees Cryptocurrencies Gaining Popularity, Exploring…
India’s central bank, the Reserve Bank of India (RBI), has published a booklet with a section about cryptocurrency and the digital rupee. The central bank acknowledged that cryptocurrencies have gained popularity in recent years and…
XLM re-enters top-10 coins by market cap after…
Stellar Lumens (XLM) is now the ninth-largest cryptocurrency by market capitalization, overtaking Chainlink (LINK) and Binance Coin (BNB), according to data from major crypto tracking website CoinGecko. At publishing time, Stellar’s market cap amounts to…
Major South Korean Bank Shinhan Is Set to…
A major commercial bank in South Korea is entering the crypto business by allocating an equity investment in the Korea Digital Asset Trust (KDAC). Shinhan Bank is looking to offer digital asset custody services. Bank…
Governments Will Start to Hodl Bitcoin in 2021
Reflecting on 2020, I struggle to think of another year in recent decades with both so many all-time highs and all-time lows. From the COVID-19 pandemic raging across the global population to record-setting wildfires in…
China Airdrops Digital Yuan Worth $3 Million —…
Twenty million yuan ($3 million) in China’s central bank digital currency will be given away to 100,000 people in the country’s largest test of the digital yuan to date. The digital currency will be accepted…
Russia’s Biggest Bank Sberbank Unveils Crypto Plans to…
The largest bank in Russia, the state-owned Sberbank, has reportedly unveiled its crypto plans as the country is set to begin regulating the industry in January. Sberbank’s CEO says the bank may issue its own…
Russia to Recognize Bitcoin as Property With Legal…
The Russian prime minister has outlined the government’s plans to amend existing laws to recognize cryptocurrency as property. This means bitcoin owners will have the legal rights to defend and recoup their cryptocurrencies in court.…
Russia Proposes New Rules and Penalties for Cryptocurrency…
The Russian Ministry of Finance has developed new amendments to the country’s cryptocurrency regulation. The proposal outlines a new set of rules for crypto owners, exchanges, and miners, as well as penalties for undeclared crypto…
OCC’s Brian Brooks Against Government Issued Digital Dollar…
The acting director of the U.S. Office Comptroller of Currency (OCC) Brian Brooks says the creation of the U.S. digital dollar is a terrible one because the government is not good at building things. Instead,…
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…