Digital Currency Group records 59% rise in revenues despite legal troubles

Digital Currency Group (DCG), the parent company of Grayscale Investments, reported a 59% surge in revenue in the fourth quarter of 2023.

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Brazilian banks gear up for the country’s new digital currency 

Brazil's top financial institutions are preparing for the nationwide rollout of the central bank's digital currency, Drex. 

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Japanese firms to launch yen-pegged digital currency next year

Firms involved in the digital currency project are GMO Aozora Net Bank, DeCurret crypto exchange, and Internet Initiative Japan The project focuses on clean energy transactions A group of JaThe post Japanese firms to launch yen-pegged digital currency next year appeared first on AMBCrypto.

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Nigeria Is Altering eNaira Model to Promote Use of the Digital Currency: Central Bank

For many citizens, the central bank digital currency isn't easy to use.

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Backlash Grows as UK’s Digital Pound Sparks Public Outcry

UK’s Hesitation with Central Bank Digital Currency Sparks Concerns Amid Global Decline in Physical Currency Usage The government of the United Kingdom, known for its civil and democratic society, has sought public consultation before moving forward with the development of a digital version of the British pound.

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SNB prepares for launch of digital currency pilot program

The Swiss National Bank (SNB) is set to introduce a Central Bank Digital Currency (CBDC) for wholesale payments on the country's SIX Digital Exchange.

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EU Legislation for Digital Euro Is Put on Hold: Source

A bill covering privacy and distribution of the central bank digital currency, originally scheduled for June 28, will be delayed

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Gary Gensler: We Don’t Need More Digital Currency, We Have the Dollar

Gary Gensler, never a fan of cryptocurrencies, has taken his rhetoric to a new level, saying that the world doesn't need more digital currency. The post Gary Gensler: We Don’t Need More Digital Currency, We Have the Dollar appeared first on BeInCrypto.

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Ripple, Montenegro sign deal on project for unspecified national digital currency

The deal, teased in January, could create a national digital currency for a country that now uses the euro.

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CBDC: Brazil Central Bank Kicks Off Digital Currency Pilot Test

Brazil has started a pilot program for its Central Bank Digital Currency, or CBDC, becoming the latest country to experiment with the digital version of its national currency. The move is part of the country’s efforts to modernize its financial system and reduce the cost and time associated with traditional financial transactions.  The duration of […]

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Montenegro Joins Hands With Ripple To Pilot First National Digital Currency — Huge Boost to XRP?

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Digital Euro Needs Curbs to Halt Lending Crunch, ECB Study Finds

The economic evidence appears to support calls to cap how much central bank digital currency people can hold, to stop them fleeing banks all together.

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Dr. Doom’s Crypto Embrace? We’re All Just Figuring Things Out

Bitcoin skeptic Nouriel Roubini’s surprising initiative to develop a digital currency underscores why the industry is still developing.

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Crypto Boom In The Gulf: Dubai, Abu Dhabi Fast Becoming Hotbed Of Digital Currency

In response to the global cryptocurrency boom, the United Arab Emirates has become a hub for the industry as a result of its crypto-friendly legislation, which have made it a favorite destination for digital currency aficionados.

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Best 11 Ethereum Wallets [iOS, Android, Desktop, Hardware]

Apart from Bitcoin, there is another digital currency, which seems to have great potential. This digital currency is growing rapidly among all cryptocurrencies. This digital currency is Ethereum.

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Iran looking to pilot its sovereign digital currency

Iran has been paying a lot of focus to cryptocurrencies going by its recent developments. A recent report states that the country could soon unveil a pilot for a central bank digital currency (CBDC).

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A Newbie Investor’s Guide To Crypto Trading In Australia

Cryptocurrency has been earning its good reputation in the world of investment for years now. This virtual or digital currency relies on highly secured cryptography to avoid double-spending and other counterfeiting issues.

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Republic of Palau Partners with Ripple to Develop Digital Currency Strategy

We’re excited to announce a new partnership with the Republic of Palau to explore the country’s first national digital currency and its use cases with the XRP Ledger (XRPL).   The partnership will initially focus on developing strategies for cross-border payments and a USD-backed digital currency for Palau.

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It's now or never — The US has to prepare itself for digital currency

If the United States is still not ready for central bank digital currency, it will stay on the sidelines of tech and financial innovations.

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Best 11 Ethereum Wallets 2021 [iOS, Android, Desktop, Hardware]

Apart from Bitcoin, there is another digital currency, which seems to have great potentials. This digital currency is growing rapidly among all cryptocurrencies. This digital currency is Ethereum.

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Edward Snowden Predicts Massive Bitcoin Adoption by Governments

El Salvador became the first country in the world to officially recognize the cryptocurrency as legal tender this week. The news comes after President Nayib Bukele introduced legislation to accept the digital currency — alongside the US dollar — back in June and started to build out new financial infrastructure with the digital […]

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Singapore central bank shortlists 15 companies to develop retail CBDC

The 15 finalists will be mentored by the MAS and “be given access to the APIX Digital Currency Sandbox for rapid prototyping of digital currency solutions.”

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IMF intends to 'ramp up' digital currency monitoring

The fund will greatly expand to cover all aspects of digital currency while also working with related financial institutions.

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A “Digital Dollar” Doesn’t Fix This

Federal Reserve Chair Jerome Powell thinks a central bank digital currency would obsolete bitcoin. He's way off.

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HIVE приобрела 3019 майнеров у «дочки» Digital Currency Group

Представленная на фондовой бирже Торонто и Nasdaq майнинговая компания HIVE Blockchain приобрела 3019 майнеров MicroBT WhatsMiner M30S у дочерней структуры Digital Currency Group — Foundry Digital LLC.

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FinCEN Brings Michele Korver As First “Chief Digital Currency Advisor”

The U.S. FinCEN has hired Michele Korver, previously in the DOJ Digital Currency Council, as the first-ever Chief Digital Currency Advisor.

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Japan: CBDC Plans to Take Shape in Late 2022, Says Government Official

Japan’s central bank digital currency plans will reportedly take shape by the end of 2022 as CBDC development across the globe gathers pace. With China leading the charge, other major economies seem to be working towards international collaboration to counter Beijing’s national digital currency ascendency.

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China has started paying builders in Xiong’an region with digital yuan

China has always been vocal about blockchain technology and the launch of central bank digital currency (CBDC). The country is also on the right track to roll out the first-ever government-issued digital currency for its citizens.

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Bank of Indonesia joins central bank digital currency race

After banning crypto payments back in 2017, Indonesia is looking to allow payments in a digital rupiah currency.

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After a remarkable run, social media sentiment sours on DOGE

Americans carried the digital currency higher, but their enthusiasm may be waning.

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Macau’s high-rolling casino industry faces a digital currency threat

The island-nation of Macau is inching closer to the launch of its state-backed digital currency as it looks to shed off money launderers and fraudsters from the casinos and gambling dens that dot the city, as per a report today on Bloomberg.

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Amazon Preparing to Launch a ‘Digital Currency’ Project in Mexico

Job postings describe a walled garden-type digital currency that could roll out in emerging economies.

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Beijing’s $1.5 Million Digital Yuan Giveaway: China to Airdrop Digital Currency for Chinese New Year

China is giving away 10 million yuan in its central bank digital currency in Beijing. Recipients can spend the digital yuan during the Chinese New Year festival. Beijing has become the third major city in China to test the central bank digital currency.

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Digital Reserve Currency объявила о выходе на русскоязычный рынок

DeFi-экосистема Digital Reserve Currency локализовала основные разделы сайта и запустила Telegram-чат для русскоязычной аудитории. Об этом журналу ForkLog сообщили представители проекта. Команда Digital Reverse Currency перевела на русский язык white paper, дорожную карту и другие документы проекта.

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BoE Gov: Public Interest Lies in Privacy, But Crypto’s Are Not A ‘Lasting Digital Currency’

Bank of England Governor Andrew Bailey has no love lost for Bitcoin and believes the days of cryptocurrencies are numbered. Speaking on a panel about digital currencies at the Davos-based World Economic Forum on Monday, Bailey said, “Have we landed on what I would call the design, governance, and arrangements for what I might call a […] The post BoE Gov: Public Interest Lies in Privacy, But Crypto’s Are Not A ‘Lasting Digital Currency’ first appeared on BitcoinExchangeGuide.

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Top-tier Chinese cities announce support for digital Yuan trials

Multiple Chinese are planning to underpin pilots of the country’s sovereign central bank digital currency dubbed Digital Currency Electronic Payment (DCEP). These plans are part of the cities’ government work plans for the year.

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Digital Yuan Not Intended to Replace Global Currencies, Says Ex-PBOC Governor

Zhou Xiaochuan, a former governor of the People’s Bank of China (PBoC), stated that China’s planned central bank digital currency – Digital Currency Electronic Payment (DCEP) – has no plans to topple existing sovereign currencies.

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Citigroup Helping World Governments Build Digital Currencies, CEO Says

The multinational banking giant has been calling digital currency all but inevitable since 2014.

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Canada prepares to release its own digital currency

The Bank of Canada spokesman, who previously stated that there was no argument in favor of issuing a digital currency, announced a change in plans. The development team is already working on a digital asset.

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How The West Defeated China on Digital Currency

The grey heads are trembling in their halls as they listen to propaganda from China proclaiming some relatively small digital currency trial as a new era and as a method...

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World Gov’ts Continue Revealing Developments and Concerns on CBDC

The anticipation was great when Jerome Powell, the Chair of the United States Federal Reserve, finally addressed the government’s position on digital currency and the potential role of a central bank digital currency (CBDC) for domestic and international cross-border payments, on Oct.

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Huawei’s Flagship Phone, Mate 40, Will Support China’s Digital Currency Wallet On Launch

Huawei announces support for the upcoming Chinese central bank digital currency in its upcoming flagship smartphone, Mate 40. The smartphone will include a hardware wallet for the digital renminbi, a Weibo post stated.

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South Korea’s Central Bank Announces Plans to Circulate National Digital Currency as Part of Pilot Test in 2021

Coinspeaker South Korea’s Central Bank Announces Plans to Circulate National Digital Currency as Part of Pilot Test in 2021As the central bank of South Korea seeks to complete the pilot tests of its national digital currency, it has not announced any information regarding partnerships with major commercial business enterprises yet.

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Chinese Central Bank Calls Digital Currency Competition a ‘New Battlefield’

If recent events are any indicator, the race for central bank digital currencies (CBDC) appears to be heating up. In August, trials of China’s digital currency electronic payment pilot were announced in 27 cities across the country.

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Bahamas Central Bank Set To Introduce A National Digital Currency Next Month

The Bahamas has seemingly beaten other major economies to the national digital currency punch. The nation’s central bank has revealed that it will be issuing a central bank-backed digital currency next month.

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China Digital Currency Battle Heats Up as Fed Enlists Help From MIT

Just when you thought China was advancing unopposed in the national digital currency race, the Fed finally steps up. The Federal Reserve Bank of Boston, in conjunction with the Massachusetts Institute of Technology, is developing a digital currency geared towards “central bank use.

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Philippines Central Bank Governor Confirms Interest in Launching A Digital Currency

The central bank of the Philippines, otherwise known as Bangko Sentral ng Pilipinas (BSP), expresses its interest in launching its own central bank digital currency (CBDC). In a story first covered on Bloomberg, the governor of BSP, Benjamin Diokno, stated the country had formed a research committee on the possible launch of digital currency. The […]

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The Bahamas Edges Closer to Hurricane-Proof Digital Currency

The Bahamas is betting its mobile phone-based digital currency could be the key to faster post-disaster economic recovery.

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The Federal Reserve Suddenly Dislikes Central Bank Digital Currency Idea

Creating a central bank digital currency has become a priority for many institutions. Not everyone is in favor of this approach, including some members of the Federal Reserve.   There are no proven benefits to a central bank digital currency at this time.

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