The Central Bank of India, the Reserve Bank of India, has announced that the pilot project for central bank digital currency (CBDC) will start tomorrow. The trial of Digital Rupee (e₹) for particular use cases was launched by the RBI…
Japan Credit Bureau to Test CBDC for Payment Settlement
Japan Credit Bureau (JCB) has introduced its digital currency before Japan issues a CBDC. CBDC Tested Using Current Payments Infrastructure According to JCB’s projection, the adoption of CBDCs may be constrained in the future if older people and small children…
China’s Digital Is Now the World’s Most Adopted CBDC
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…
Bank of England Governor: Cryptocurrencies Could Be Gone Soon
More crypto skepticism is being seen this week with the governor of the Bank of England throwing salt in the face of all crypto enthusiasts. The head of England’s top bank, Andrew Bailey, believes that crypto currencies are not here…
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…
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…
ECB President: Digital Euro Decision to Come Early Next Year!
European Central Bank head Christine Lagarde has said that the bank should decide by early next year on whether or not it will be releasing a digital Euro. During an Online policy panel held on Nov 12, she stated that…
PayPal Services to be a Crypto Highlight in 2021
Global payments giant PayPal is planning a massive play into the crypto sector next year according to its top brass. At the firm’s quarter 3 earnings meeting for 2020, senior executives discussed at length, plans to push into crypto while…
Cambodia launches Blockchain-based Interbanking Platform
Cambodia is the latest jurisdiction to jump into the CBDC craze after the country’s central bank launched a Blockchain-based platform for digital money transactions known as Bakong. A source from Dap News released the story which also revealed various partnerships…
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…
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,…
