According to a statement from the People’s Bank of China (PBoC), since the pilot program’s start in 2020, transaction volumes for the central bank digital currency (CBDC) have surpassed $14 billion. Through its official WeChat channel, the central bank made…
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Reserve Bank of India Now Looking to Unveil CBDC
The Reserve Bank of India has published a booklet with a section speaking exclusively about cryptocurrencies. The central bank through the booklet acknowledged that cryptocurrencies have gained in popularity in the last few years and confirmed that it was exploring…
United States Intelligence is concerned about China’s CBDC
The United States is growing increasingly wary of China’s upcoming digital currency. On November 25, the Washington examiner brought to the fore a letter sent by National Intelligence Director John Ratcliffe to the Securities and Exchange Commission. In the letter,…
Ripple Seeks to Hire An Expert to Help Design and Spearhead its CBDC Strategy
As everyone gets animated about the souring BTC and ETH prices, CBDCs are still a major topic for some. Ripple CEO Brad Garlinghouse is one of those people who still has his eyes trained on CBDCs as his company looks…
Former BOJ head: Japanese CBDC Years away
Japan will need several years before it can put in place a Central Bank Digital Currency (CBDC) according to a top Bank of Japan official. Japan’s long potential weight would be caused by a fear that the introduction of such…
“Sand Dollar!” Bahamas Unveils World’s First CBDC
The central bank of Bahamas has unveiled the “Sand dollar”- a taste backed virtual currency now available nationwide. The announcement was made on October 20 on Facebook by the project sand dollar account at 10 PM UTC. The announcement meant that the…
FED Chair on CBDCs: America Wants to Get It Right not First!
According to FED Chairman Jerome Powell, the US will not unveil a digital dollar unless all the questions surrounding it are resolved. Responding to concerns that other countries were closing in on finalizing their digital currencies and unveiling them, Powell…
CBDCs are Risky According to the Central Bank of Canada
Canada’s central bank recently put out a report on the risks and benefits of a central bank digital currency in an October 5 report. The report pointed to security risks that a CBDC would bring about. Canada’s top bank wrote;…
Bank of Jamaica Invites Bidding War for CBDC Infrastructure Solutions
The Bank of Jamaica invited technology solution providers to develop and test potential Central Bank Digital Currency, or CBDC solutions. According to a July 17 statement, bidders have been invited to submit the details of their solutions to the bank…
Global Compatibility will determine the CBDC Race, says Expert
Douglas Arner, director at Asian Institute of International Financial Law at the University of Hong Kong, believes that international interoperability will become the cornerstone of the CBDC race. While speaking at the unitize Blockchain conference on July 14, he argued…
Tornado Cash Receives $3.3M in Ether Following Poloniex Hack Theft
In a shocking incident that sent shockwaves through the cryptocurrency community, a skilled hacker managed…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a…
