China-backed Blockchain Project Proposes SWIFT Alternative for Stablecoins and CBDCs

China-backed Blockchain Project Proposes SWIFT Alternative for Stablecoins and CBDCsThe company developing China’s blockchain network wants to create a system for international settlements with stablecoins and state-issued digital currencies. The plan is to establish a platform facilitating the use of these two fiat-based digital assets in foreign trade. Company Behind China’s Blockchain Push Aims to Make Stablecoins and State Coins Interoperable Hong Kong-based Red […]

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Three Bank Failures Open New Chapter in Never-Ending Financial Crisis

Three Bank Failures Open New Chapter in Never-Ending Financial CrisisThe collapse of three banks on three different continents indicates a new global crisis is brewing. But it may also show that the last one never really ended and the tools used to manage the global economy simply don’t work. Also read: Side Effects of Economic Growth: Is Snowden Right to Say Bitcoiners Shouldn’t Be […]

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Consumer Protection Association Slams Bank for Blocking Transfers to Bitcoin Exchanges

Consumer Protection Association Slams Bank for Blocking Transfers to Bitcoin ExchangesFrom Israel to Australia, commercial banks in various parts of the world have tried preventing people from entering the cryptocurrency market by blocking money transfers to bitcoin exchanges. Now the largest consumer association in Portugal has called out a local bank for trying to do the same. Also Read: U.S. Rating Agency to Issue Bitcoin […]

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