In a significant move towards the advancement of Central Bank Digital Currency (CBDC) technology, the National Bank of Georgia (NBG) has announced its selection of Ripple Labs as one of the potential technology partners for its groundbreaking CBDC pilot project,…
US Lawmaker Opposes CBDC Tracking Purchases Like China’s Digital Yuan
Introduction In recent years, the global financial landscape has witnessed a significant shift towards digital currencies. As cryptocurrencies like Bitcoin gain popularity, governments and central banks worldwide are exploring the possibility of introducing their own digital currencies. One such development…
Ripple and Colombia’s Central Bank Collaborate on Revolutionary Blockchain-Powered CBDC Project
In an unprecedented move, Ripple, a significant player in the blockchain payment arena, has teamed up with Colombia’s Central Bank, Banco de la Republica. This groundbreaking partnership aims to leverage the robust capabilities of the XRP Ledger to develop a…
CBDC Faces Big Roadblock in the Good State of North Carolina
Central Bank Digital Currencies (CBDCs) are not welcomed in the State of North Carolina. This is the message of the State’s House of Representatives. Legislation was passed that aims to stop the use of CBDC as a payment to the…
Is CBDC Better than Crypto?
Crypto was once dismissed as a fad, and It was even labeled as magic internet money by skeptics. The government and central banks started to notice when users started to pump billions and even trillions of US dollars into the…
Reserve Bank of Australia Takes a Step Closer to CBDC with eAUD Pilot Phase
The Reserve Bank of Australia (RBA) has announced plans to launch a pilot program for a central bank digital currency (CBDC), which will be led by former Ripple executive, Dilip Rao, and in collaboration with the Digital Finance Cooperative Research…
Nigeria’s Central Bank Reevaluates eNaira Amid Low Adoption Rates
In the next 24 months, the Central Bank of Nigeria will explore the possibilities of stablecoins, investigate the use of blockchain technology for a Central Bank Digital Currency (CBDC) and examine regulatory requirements for Initial Coin Offerings (ICOs). Exploring Stablecoins…
Kazakhstan’s Central Bank In Push For a Phased CBDC Rollout between 2023-25
Kazakhstan, the world’s third-largest Bitcoin mining hub after the United States and China, is launching its own Central Bank Digital Currency (CBDC) the digital tenge. The National Bank of Kazakhstan revealed this after the second phase of testing was finished.…
Nigerians Love Crypto But Not their Country’s CBDC
Nigeria’s central bank digital currency (CBDC) is not being well received by the country’s knowledgeable crypto community. Only 0.5% Use the eNaira A year after its introduction, the government-issued digital currency, the eNaira, is only being used by less than…
Central Banks are keen on issuing a Blockchain-based National Digital Currencies (CBDC)
It’s 2022, and it’s no longer a secret that central banks across the globe have taken into account the rise of cryptocurrencies and blockchain technology. A number of banks are keen to experiment with distributed ledger technology (DLT) in the…
High Stakes Trial of Avi Eisenberg Involves Alleged 110 Million Dollar Theft from Mango Markets Crypto Exchange
In the high-stakes trial of Avi Eisenberg, a 28-year-old trader, federal jurors in New York were presented with divergent narratives regarding his alleged manipulation of the Mango Markets cryptocurrency exchange, resulting in the theft of a staggering $110 million. The…
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 transformation that is sending shockwaves through the market. Regardless of whether you are an experienced BTC price speculator or a newcomer to the crypto arena,…
