A recent report by the WEF states that at least 40 central banks around the world are currently or soon will be experimenting with central bank digital currencies. Dozens of central banks around the world are currently or soon will be experimenting with central bank digital currencies (CBDCs), according to a recent report from the […]
Continue ReadingSouth Korea’s central bank mentions CBDCs in its annual payment settlement report and announces a blockchain trial later in 2019. South Korea’s central bank has included a summary of research on central bank digital currencies (CBDC) in its 2018 annual payment settlement report issued Tuesday, March 26. The development of distributed ledger technologies (DLT) and […]
Continue ReadingMost of the top 20 cryptocurrencies are reporting slight losses as Bitcoin holds over $4,000. Sunday, March 24 — most of the top 20 cryptocurrencies are reporting slight losses on the day by press time, according to data from CoinMarketCap. Bitcoin (BTC) is down just over a tenth of a percent on the day, trading […]
Continue ReadingThe QuadrigaCX story gets stranger as the criminal past of one founder is allegedly revealed, while IBM gets more into blockchain. Top Stories This Week Six Global Banks Sign Up to Issue Stablecoins on IBM’s Now-Live Blockchain Network This week, six international banks signed letters of intent to issue their own stablecoins — which will […]
Continue ReadingBitcoin critic and general manager at the Bank for International Settlements advised against the issuance of CBDCs. Bitcoin (BTC) critic and general manager at the Bank for International Settlements (BIS) Agustin Carstens advised against the issuance of central bank digital currencies (CBDCs) in a speech in Dublin on March 22. Bloomberg reported on the speech […]
Continue ReadingThe Basel Committee on Banking Supervision believes that cryptos are unsafe to rely on as a medium of exchange or store of value. International banking authority the Basel Committee on Banking Supervision (BCBS) has issued a warning statement on crypto assets on March 13. The BCBS is a committee of banking supervisory authorities hosted and […]
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Japan’s central bank examines central bank digital currencies in a new report, laying out their benefits and drawbacks. Japan’s central bank has examined the role of central bank digital currencies (CBDCs) in the current monetary system in a report released on Feb. 19. In the document, the bank describes the possible ways to implement a […]
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The SOV team revealed that it had made “significant progress in finding partners, investors, and developers” to realize the project, and aims to launch SOV in 2019. On Jan. 10, 2019, the team behind a national cryptocurrency for the Republic of the Marshall Islands (RMI) — dubbed the Sovereign (SOV) — revealed that the coin […]
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South Korea’s central bank says it won’t be issuing a central bank digital currency in the near term, but will continue to conduct detailed research into the matter. South Korea’s central bank, the Bank of Korea (BOK), says it won’t be issuing a central bank digital currency (CBDC) in the near term, local English-language newspaper […]
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According to research conducted by the Bank for International Settlements, Bitcoin’s problems are only solvable by departing from proof-of-work. Bitcoin’s (BTC) problems are only solvable by departing from a proof-of-work (PoW) system, according to research published by the Bank for International Settlement (BIS) on Jan. 21. According to the paper, when in the future Bitcoin’s […]
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