The United States will not be issuing a digital dollar until the Federal Reserve resolves all questions around a potential central bank digital currency, or CBDC, according to the Fed’s chairman, Jerome Powell. Powell claimed that he is not worried about other countries having a first-mover advantage when it comes to issuing CBDCs. Speaking at …
Better to get it right than to be first with CBDC, says US Fed chair 查看全文 »
The European Central Bank launched a public consultation on a potential digital euro on Oct. 12. Developments on the central bank digital currency front in the Eurozone have picked up pace amid the COVID-19 pandemic, and the central bank has framed its introduction to the public consultation with the claim that the issuance of a CBDC could …
European Central Bank seeks public input on digital euro 查看全文 »
As the COVID-19 pandemic pushed the Egyptian economy into recession and deepening unemployment, more and more Egyptians see the benefits of trading and mining Bitcoin as an alternative source of income. According to Al-Monitor, many Egyptians, particularly young people, are interested in cryptocurrencies. Wael al-Nahhas, an economist and financial advisor to several investment institutions in Egypt, …
Wirex — the first cryptocurrency platform to be granted a Mastercard principal membership — will release a new multi-currency card on the heels of the membership. Wirex is a London-based crypto payment processor and is regulated by the U.K.’s Financial Conduct Authority, with a license to issue crypto cards in Europe. The multi-currency Wirex Card will be supported by Mastercard and linked to …
Wirex announces multi-currency crypto card with support from Mastercard 查看全文 »
The rise of DeFi protocols and the demand for tokens in liquidity pools may be contributing to a huge surge in the supply of stablecoins. According to an Sept. 3 tweet from Coin Metrics co-founder Nic Carter, the current supply of stablecoins Binance USD (BUSD), Dai (DAI), HUSD, Paxos Standard Token (PAX), USD Coin (USDC), USDK, Tether (USDT), USDT_ETH, …
Stablecoin market cap increases by $100M every single day 查看全文 »
The Vienna Stock Exchange, or Wiener Börse, has become just the third “official regulated market” worldwide to list a Bitcoin (BTC) product. The exchange listed 21 Shares AG’s Bitcoin and Ethereum (ETH) exchange-traded products (ETPs), ‘ABTC’ and ‘AETH’, on September 1. Thomas Rainer, Wiener Börse’s head of development, emphasized that the listing allows “experienced, local investors” to …
Vienna and Singapore stock exchanges embrace Bitcoin and Ethereum 查看全文 »
The People’s Bank of China is planning to put its digital currency to use at the 2022 Winter Olympic Games in Beijing. According to a Reuters report, Sun Guofeng, the head of the monetary policy department at PBoC, said that the bank does not have a timetable for the rollout of the digital currency. However, going …
China plans to use its digital yuan at the 2022 Winter Olympic Games 查看全文 »
China’s major state-run banks are testing out its central bank digital currency (CBDC) digital wallet application. The Chinese central bank, having said that its CBDC, also known as digital currency electronic payment (DCEP), is “almost ready,” is finally moving a step closer to its official launch nationwide. According to Wang Zongmin, a former deputy chairman of …
China’s Major State-Run Commercial Banks Test CBDC Digital Wallet 查看全文 »
Leading global investment bank Goldman Sachs is exploring avenues of development to potentially create its own cryptocurrency. As reported by CNBC on August 6, the bank has appointed Mathew McDermott as the worldwide head of digital assets to spearhead the realization of this dream. Blockchain holds the future of financial markets McDermott brings to the table a wide …
Goldman Sachs Explores Development of its Own Digital Token 查看全文 »
The government-owned Swiss bank, bank Basler Kantonalbank (BKB) is set to offer cryptocurrency custodial services as well as trading service, a landmark move in the crypto-centric nation. The project is a collaboration between a BKB subsidiary and Bank Cler, a Swiss Banking Group. A Basler Kantonalbank spokesperson said: “In the BKB Group, we are working to offer …
Government-Owned Swiss Bank to Provide Custodial Services for Cryptocurrencies 查看全文 »
