Oki Matsumoto, the head of Japanese financial services giant Monex, has welcomed the Bank of Japan’s recent interest in central bank digital currency. Earlier this fall, the Bank of Japan announced its plans to begin testing a central bank digital currency proof-of-concept in 2021. Further details of the institution’s approach to development and collaborations have […]
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Dan Tapiero told Anthony Pompliano that $15 trillion in institutional capital could flow into Bitcoin, pushing prices as high as $500,000. Gold Bullion International co-founder Dan Tapiero believes that it’s only a matter of time before Bitcoin’s price surges into the six-figure threshold. Speaking to Anthony Pompliano on the Pomp Podcast, Tapiero asserted that in […]
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The $3 billion blockchain bond has been effectively cancelled. China Construction Bank’s $3 billion blockchain bond has been reportedly withdrawn following an initial delay. Fusang Exchange, a Malaysian cryptocurrency exchange that was to be responsible for listing the bond, said that it has been withdrawn at the issuer’s request. According to Reuters on Nov. 23, CCB’s […]
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Could a new, coordinated effort to digitalize the Japanese economy be strong enough to compete with residents’ persistent use of cash? Japan’s three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen. The group consists of banks, various Japanese brokerages, utility […]
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A former Bank of Japan official is concerned about a digital yen triggering massive outflows from private bank deposits. Hiromi Yamaoka, former head of the payment and settlement systems department at the Bank of Japan, said that the country will likely need several years before it can issue a central bank digital currency. In a […]
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Jon Cunliffe, one of the leaders of England’s central bank, said banks must adapt to the changes brought on by digital assets. Blockchain and digital assets offer folks the ability to store their own assets, possibly threatening the solution banks offer. Making sure banks remain relevant is not on England’s central bank to-do list, however, […]
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The recent surge in DeFi makes the industry is an attractive target for hackers. Cryptocurrency-related crimes have slowed down in 2020, but some sectors within the crypto industry have become a new hotbed for criminal activity, a new report says. Citing major crypto analytics firm CipherTrace, Reuters reported on Nov. 10 that total losses from crypto […]
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Jerome Powell says Congress should agree further fiscal stimulus as U.S. public debt tops $27.2 trillion. The United States Federal Reserve is still unintentionally advertising Bitcoin, as Chair Jerome Powell argues for more money printing. In a tweet on Nov. 6, Tyler Winklevoss, co-founder of exchange Gemini, said that Powell’s latest speech this week was […]
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Despite the potential to bring an unparalleled level of transparency to journalism, blockchain adoption by mainstream media may be slow. It is no secret that over the course of the last couple of decades, issues related to fake news, substandard fact-checking and rampant censorship have resulted in many mainstream media outlets losing the trust of […]
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The price of Bitcoin fell by 3% so far this week amid growing regulatory pressure on cryptocurrency exchanges in China and Hong Kong. The price of Bitcoin (BTC) has declined by more than 3% in the past two days. The pullback of the dominant cryptocurrency comes amid growing regulatory pressure in China and Hong Kong. […]
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