The Bank for International Settlements expects the COVID-19 crisis’ impact on retail payments to have a positive effect on central bank digital currency development. The Bank for International Settlements (BIS) expects the COVID-19 crisis’ impact on retail payments to have a knock-on effect on the development of central bank digital currencies (CBDC). The BIS is […]
Continue Reading
The leading global central bank institution has published new research on central bank digital currencies, noting a major shift in their direction thanks to Libra as well as COVID-19. In advance of its coming annual report, on June 24 the Bank for International Settlements released a special chapter from that report on digital payments — […]
Continue Reading
Some Russian regulators propose a blanket ban on digital asset trading, but the country is too far along the path of crypto adoption. Russia has long been home to a vibrant crypto retail market, yet the nation’s regulation of digital assets still lags behind. As a spate of stakeholders and disparate regulatory authorities struggles to figure […]
Continue Reading
The New York-based cryptocurrency exchange announced it had raised $6 million in a seed funding round led by a former board member of Skype. Cryptocurrency exchange CrossTower announced on June 22 it had raised $6 million in a new seed funding round led by Gerard Lopez, a former board member of WIX and Skype. According […]
Continue Reading
Stock markets settling provides the background to a calmer status quo for Bitcoin, but upcoming events could soon change the mood. Bitcoin (BTC) begins a new week trading in a familiar corridor below $10,000 — will it stay there or is volatility actually incoming? Cointelegraph Markets’ weekly newsletter gives you five factors influencing Bitcoin’s price […]
Continue Reading
VeChain’s medical records blockchain platform in Cyprus lets people prove, and control, COVID-19 test results. Blockchain tracking platform VeChain announced on Twitter on June 20 that its blockchain-based medical data management platform co-developed with digital healthcare solution firm I-Dante has gone live and will store COVID-19 testing results. The platform, dubbed E-NewHealthLife, was deployed in […]
Continue Reading
11.4 million Bitcoin is held by long term investors, diminishing the tradeable supply to only 20% of the total Bitcoin supply. According to Chainalysis, the vast majority of Bitcoin (BTC) is held as long term investment, with 60% held by licensed custodians. Breakdown of Bitcoin supply. Source: Chainalysis. Digital gold The company concluded that the […]
Continue Reading
A crypto crackdown in Estonia sparks debate on how to create crypto-centric Anti-Money Laundering and Know Your Customer policies. At the height of the unprecedented crypto boom of 2017, Estonia emerged as the digital trailblazer of the European Union, issuing hundreds of licenses to crypto companies. The country’s regulators moved to authorize the issuance of […]
Continue Reading
Bitcoin ranks 12th in a recent blockchain evaluation index, as published by China’s Center for Information and Industry Development. China’s Center for Information and Industry Development, or CCID, revealed on June 18 its 18th CCID Global Public Chain Technology Evaluation Index. This index ranked 37 well-known global cryptos using technical specifications. According to the table […]
Continue Reading
Major cryptocurrency firm Ripple released a set of recommendations for Indian lawmakers to legalize cryptocurrencies. American fintech firm Ripple has proposed a policy framework for regulating crypto in India amid local crypto uncertainty. In an effort to persuade Indian authorities to support fintech regulation and the growing crypto industry, Ripple issued a policy paper addressed […]
Continue Reading