Tag: digital currency

Aug 29 2021

Can Crypto Replace The Dollar In Five Years? Bankers Say It Could

Crypto adoption is no longer something that is expected to happen. It is already happening. A recent survey from Deloitte has shown some interesting findings. The survey polled professionals from various finance fields about crypto and blockchains. The majority of the polled respondents answered in favor of crypto and blockchain adoption. The latest market rally has seen cryptocurrencies grow in their relevance. Each...

Aug 20 2021

Binance Clamps Down on Customer Verification As Regulatory Pressures Mount

Aug 20 2021 Published at Bitcoinist.com under tags  binance bitcoin btc btcusd companies

In light of recent regulatory crackdown and backlash, global crypto exchange Binance is beginning to crack down on its customer verification requirements across its platform. More specifically,...

Aug 10 2021

Bank Of Jamaica Mints The First Batch Of CBDC

Aug 10 2021 Published at Coingape under tags  bank of jamaica cbdc digital currency news

Bank of Jamaica is making steady progress with the country's central bank digital currency (CBDC). During a short financial ceremony organized on Monday morning, the Jamaican apex bank minted the country’s very first lot of fiat backed CBDC, ‘the digital version of the Jamaican Dollar.’ Reportedly, a total of J$230 Million in CBDC will be The post Bank Of Jamaica Mints The First...

Jul 12 2021

Just-In: UAE Central Bank Sets CBDC Strategy Deadline

UAE Central Bank (UAECB) has announced its strategic objectives for 2023-2026, with their new and enhanced Digital Strategy that would include the much- awaited and grand launch of Central Bank Digital Currency (CBDC). UAE Central Bank has been discussing its interest in CBDC for a while now, and the 2023-2026 Strategy has provided a definite timeline The post Just-In: UAE Central Bank Sets CBDC...

Jun 20 2021

US Congress Creates New Crypto Working Group to Tackle Blockchain Regulation, CBDCs, and More

Jun 20 2021 Published at Bitcoinist.com under tags  blockchain cbdc china congress crypto

Earlier this week, Congresswoman Maxine Waters announced that Congress had formed a new working group that would focus on cryptocurrency and fintech policy. Called the Blockchain Caucus or Fintech Task Force, the House Democrat group will feature 12 members of the House Financial Services Committee. I applaud Chairwoman...

Jun 15 2021

Elon Musk Confirms Tesla Is Not Selling All of Its Bitcoin, Hints at Potentially Resuming Transactions

Tesla CEO Elon Musk tweeted earlier this Sunday that the electric carmaker would resume its Bitcoin transactions once verified crypto mining operations utilise more renewable energy. “When there’s confirmation of reasonable (~50 percent) clean energy usage by miners with [a] positive future trend, Tesla will resume allowing Bitcoin transactions,” he wrote....

Jun 13 2021

Brazil’s Central Bank Delays CBDC Timeline to 2024

Brazil’s central bank, the Banco Central do Brasil (BCB), is pushing for more time to roll out its central bank digital currency (CBDC). Earlier in May, BCB released a document covering the general guidelines and characteristics of Brazil’s future CBDC. Roberto Campos Neto, BCB’s chief central banker, also stated earlier last year that the country would likely be prepared and ready...

Jun 01 2021

Ray Dalio: China’s Digital Yuan Will Overshadow the Digital Dollar

Jun 01 2021 Published at Bitcoinist.com under tags  bitcoin cbdc china crypto cryptocurrencies

According to billionaire investor Ray Dalio, China’s digital Yuan will outpace the United States’ efforts to create a central-bank digital currency. In an interview with CNBC, The Bridgewater...

May 25 2021

Chia Network Closes $61 Million Funding Round with $500 Million Valuation

Chia Network, a blockchain and smart currency platform known for its storage- based mining, has raised $61 million from notable investors including Andreesen Horowitz. https://t.co/MQ8U7Y4SVW -- Chia Project...

May 07 2021

Coin Metrics Raises $15M Series B Funding Led by Goldman Sachs

Crypto data analytics provider Coin Metrics announced that it raised $15 million in Series B funding round led by investment bank...

May 01 2021

Federal Reserve’s Stance on Monetary Policy Remains Unchanged: What This Means for Crypto

Since the start of 2021, the crypto markets have been on an absolute tear. Bitcoin and Ethereum -- two of the largest cryptocurrencies by market capitalization -- are up 97% and 303% year-to-date, respectively....

Yearn Finance Posts Record Q1 Earnings Amid Recent DeFi Boom

Earlier this week, DeFi yield aggregator Yearn Finance released its financial report for the first quarter. According to the quarterly report uploaded on GitHub...

Apr 29 2021

Polygon Network Raises $100 Million to Support Growing DeFi Adoption

Ethereum scaling project Polygon recently launched a fund aimed towards making decentralized finance (DeFi) more accessible to end-users. Dubbed “#DeFiforAll”, the fund will look to integrate users to decentralized products and platforms. The funding, which will be facilitated through Matic coins, will come...

Apr 23 2021

Bitcoin Plummets Below $50,000, Extending Losses Following Biden’s New Tax Proposal

Bitcoin, since surging to new all-time high earlier this month, has continued to face a string of bad news. Earlier last week, Bitcoin prices tumbled due to Xianjiang crypto miners shutting down due to power outages -- causing a record $10 billion in futures liquidations. Now, fears over President Biden’s proposed capital gains tax hike and...

Apr 21 2021

Blackrock CEO on Crypto: “It Could Become a Great Asset Class”

Amid growing institutional adoption of cryptocurrencies, it seems as though that Blackrock, the world’s largest asset manager, has now set its eyes on the rapidly expanding crypto space. Back in January, Bloomberg reported that Blackrock was adding Bitcoin futures as eligible investments in two of its funds -- the first time the firm had offered crypto exposure to its clients....

Apr 12 2021

Robinhood Adds 9.5 Million New Crypto Users As Mainstream Adoption Continues

As cryptocurrencies continue to surge to new highs and bask in the media’s limelight, Robinhood reported major growth in the number of users trading crypto on their platform. According to...

Apr 04 2021

VC Money Continues to Flow into Crypto: Firms Received More Funding Last Quarter than Entirety of 2020

Without a doubt, the mainstream resurgence of cryptos have spurred on new movements within the industry, ranging from decentralized finance (DeFi) to non-fungible tokens (NFTs). These red-hot sub-industries within the broader crypto scene have resulted in hundreds if not thousands of new startups -- and venture capitalists are pouring money into them like never before....

Mar 31 2021

Breaking Down Coinbase’s Ex-SEC Hire as Crypto Regulations Mount

Cryptocurrency exchange Coinbase announced today that it hired Brett Redfearn, ex-director of SEC’s trading and markets division, to run its capital markets arm. These recent regulatory...

Mar 29 2021

Visa to Accept Cryptocurrencies for Payment Settlements

According to Reuters, Visa announced today that it will begin accepting cryptocurrency USD Coin (USDC) to settle transactions on its payment network. The move by the fintech giant coincides with the growing institutional acceptance...

Mar 22 2021

China’s Digital Currency Project Head Says, “Anonymity Is Not Feasible”

Mar 22 2021 Published at Crypto Briefing under tags  cbdc china digital currency education

The head of China's central bank digital currency (CBDC) research said in a business convention that complete anonymity is impossible. China Firm on "Controllable" Privacy of CBDC Mu Changchun, the Chinese head of the Digital Currency Institute, said that they would follow the policy...

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