Boston’s Federal Reserve Bank and MIT to Tackle Digital Currency Research
Fed Governor Lael Brainard shares updates about the U.S. digital currency initiative and why it is crucial to understand CBDCs. Go to Source Powered by WPeMatico
Digital Currency
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Hong Kong’s Greater Bay Area to Launch China’s Digital Yuan
China’s CBDC is on its way to Hong Kong. Go to Source Powered by WPeMatico
China’s State-Run Banks Reportedly Testing Wallet for Digital Yuan
State-owned commercial banks in China are reportedly testing a wallet for the country’s forthcoming digital yuan. Go to Source Powered by WPeMatico
China Didn’t Ban Bitcoin Entirely, Says Beijing Arbitration Commission
Bitcoin-related activities are not prohibited by the Chinese government as the cryptocurrency acts as a virtual commodity. Go to Source Powered by WPeMatico
93% of Bitcoin’s Supply Profitable at $11K, ‘Realized Price’ Recovers from Black Thursday
Onchain data shows that bitcoin’s breakout above $11,000 puts 93% of the circulating supply in a state of profit. Additionally, seven-day metrics show that bitcoin’s “realized price” has recovered from the low that took place on March 12. The research and analysis firm Glassnode revealed that when the price of bitcoin (BTC) is over the … Read more
Veteran Analyst Peter Brandt Scorns ‘XRP’s Bag Holder,’ Compares Ripple to the Fed
Veteran trader Peter Brandt knocked the digital currency XRP on Thursday and compared the crypto token company Ripple to the U.S. Federal Reserve. Brandt said he believes the company behind the coin will double the token supply, and he doesn’t understand why “otherwise smart people” have drank the “XRP-Kool-aide.” A number of digital currency investors … Read more
US Lags Behind Other Nations Regarding CBDCs, Says Former CFTC Commissioner
According to former CFTC Commissioner Sharon Bowen, the U.S. is behind other nations working on a CBDC. Go to Source Powered by WPeMatico
Kazakhstan Needs National Crypto to Fight Corruption, Says Local Official
Kazakhstan’s digital tenge has the potential to provide “full transparency in movement of budgetary funds,” chairman at local anti-corruption service says. Go to Source Powered by WPeMatico
New Satoshi Stash Estimate Claims Creator Mined $10.5B Worth of Bitcoin
On Monday, the blockchain trackers and researchers from Whale Alert published a new research report about the infamous fortune allegedly owned by Satoshi Nakamoto. Researchers estimate that Bitcoin’s creator possibly mined coins up to block 54,316, capturing 1,125,150 BTC or $10.5 billion using today’s exchange rates. For years now armchair sleuths and researchers have tried … Read more
Bank of Jamaica Invites Tech Companies to Test Digital Currency Solutions
Jamaica’s central bank has invited technology solution providers to develop and test a potential CBDC. Go to Source Powered by WPeMatico
