2023-6-27 13:00 |
The underpinning technology for the U.K.’s CBDC could use an alternative to blockchain technology.
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The Club For Growth published a report exploring the shortcomings of a CBDC while detailing how the technology could fail in providing purported benefits.
2022-8-5 20:00 | |
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The former Commodity Futures Trading Commission chief joined CoinDesk TV’s “First Mover” to discuss why the bankruptcy of lender Celsius Network could set legal precedent in future crypto hearings and why the likelihood of CBDC adoption worldwide could be based on Chinese technology.
2022-7-19 22:34 | |
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A viable prototype for a wholesale CBDC could be issued by France’s central bank by 2023. The technology will borrow major features from blockchains and DeFi protocols and will be...
2022-7-13 22:41 | |
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Canada's central bank has disclosed that they will be working with the Massachusetts Institute of Technology (MIT) to extend their CBDC research. However, the Bank has revealed no intention to launch a CBDC.
2022-3-18 23:38 | |
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The President has called on the Treasury Department to spearhead a series of reports looking into CBDC technology and how to implement them – ”if doing so is deemed to be in the national interest.”
2022-3-11 18:38 | |
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The Federal Reserve Bank of Boston with The Massachusetts Institute of Technology Digital Currency Initiative recently completed a transaction speed pilot test run of the upcoming digital dollar under a record transaction time of 1.
2022-2-16 23:31 | |
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Dubbed Project Hamilton, exploratory research between the Federal Reserve of Boston and the Massachusetts Institute of Technology’s (MIT) released the first round of results in modeling a digital dollar.
2022-2-5 06:00 | |
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The blockchain can play a pivotal role in developing central bank digital currency (CBDC) platforms across the globe. A press release unveiled this news on December 12, noting that Eesti Pank, the central bank of Estonia, and Guardtime, a renowned European deep tech company, conducted a joint research project and found blockchain technology has multiple […] The post Study finds that the blockchain can play a key role in CBDC development appeared first on Invezz.
2021-12-14 18:41 | |
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Apparently, the People’s Bank Of China is considering using blockchain technology to power the Digital Yuan CBDC. The coin, also known as Digital renminbi or digital RMB, has been in beta-testing for a while now.
2021-12-7 01:38 | |
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This week, the Bank of England announced the membership of the central bank digital currency (CBDC) Engagement and Technology Forums. The creation of the groups was first announced in April this year alongside the CBDC task force to explore the potential of a UK CBDC.
2021-10-1 23:37 | |
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The central bank of New Zealand has outlined the major benefits of CBDC designs based on blockchain technology.
2021-9-30 11:38 | |
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Ripple, in partnership with The Royal Monetary Authority of Bhutan, will start trials for a digital Ngultrum. The San Francisco-based company will integrate its distributed ledger technology into Bhutan’s existing payment system with the help of its CBDC Private Ledger product.
2021-9-25 14:02 | |
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Conflux will provide the technology to launch an offshore RMB stablecoin pegged to China’s CBDC, the digital yuan.
2021-9-24 15:57 | |
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Ghana’s central bank has inked a partnership deal with German banknote and securities printing company Giesecke+Devrient (G+D), for a retail central bank digital currency (CBDC) pilot. Ghana Progresses With Digital Cedi The Bank of Ghana announced the news of the agreement with the German company via a press release on Wednesday (August 11, 2021). AsRead More
2021-8-12 05:00 | |
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“While I believe in the power of new technology, we also need to manage its impact on our economy and society,” said Rishi Sunak.
2021-7-2 19:30 | |
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The Monetary Authority of Singapore (MAS) has launched a Global CBDC Challenge that would see global financial institutions, financial technology companies, and others submit solutions around peculiar issues surrounding retail central bank digital currencies (CBDCs).
2021-6-29 08:00 | |
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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.
2021-6-16 14:45 | |
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As part of efforts to conduct more test on its upcoming central bank digital currency (CBDC) and expand the scope of the digital yuan, China completed it first salary payment with the CBDC powered by blockchain technology, in the Chinese state-level new area, Xiong’an.
2021-6-15 23:00 | |
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Nigeria is likely to have its own central bank digital currency (CBDC) by the end of the year, an official with the Central Bank of Nigeria (CBN) has said. In his remarks following the bankers’ committee meeting, Rakiya Mohammed, who is the director of information technology at CBN, also revealed that this “digital currency would […]
2021-6-12 04:30 | |
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China is looking to leverage the potential of blockchain technology, according to a government release. Even as it uses the nascent technology to foster its central bank digital currencies (CBDC) program, China aims to apply blockchain in every area of its booming economy.
2021-6-7 20:56 | |
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The Bank of Thailand (BoT) has joined hands with German technology firm Giesecke+Devrient (G+D) for the creation of a central bank-issued digital currency (CBDC). A report unveiled this news earlier today noting, that the central bank had procured G+D’s services after issuing the company a letter of invitation.
2021-6-3 22:22 | |
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Ripple’s partner Accenture, the technology and business consulting firm, has published a paper with SWIFT on the potential for central bank digital currencies (CBDC) payment solutions. Titled “Exploring central bank digital currencies: How they could work for international payments”, the paper claims there is surging interest for these types of assets. Accenture is a Fortune […]
2021-5-12 01:22 | |
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Ant Group, an affiliate of leading Chinese multinational technology company Alibaba, is planning to let the users of online-only bank MYbank test China’s central bank-issued digital currency. A report unveiled this news on May 10, noting that this trial will let some of the bank’s customers link their accounts to China’s digital yuan application.
2021-5-11 00:35 | |
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In a recently published report, Australia’s Senate committee on Technology and Finance laid down several recommendations for the government on the question of smart contracts, data standards, and thThe post Why Australia's central bank isn't buying the public policy case for CBDC launch appeared first on AMBCrypto.
2021-4-30 13:30 | |
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The Sveriges Riksbank said that CBDC technology still requires further investigation.
2021-4-7 12:11 | |
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Payment protocol firm Ripple announced a pilot project that seeks to provide a “private version” of its XRP ledger for central banks that can use the technology to issue and manage digital currencThe post Ripple launches pilot private ledger for central banks' CBDC appeared first on AMBCrypto.
2021-3-4 22:29 | |
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The Swiss central bank is already working with Corda’s Distributed Ledger Technology (DLT) for its CBDC proof-of-concept in the proposed e-krona digital currency. Cecilia Skingsley, the bank’s deputy governor, confirmed this development while speaking yesterday at the CFC St.
2021-1-22 23:20 | |
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The Bank of France processed $2.4 million worth of fund units using a CBDC in December as part of ongoing experiments into blockchain and stablecoin technology.
2021-1-19 14:37 | |
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The United States Federal Reserve needs its own digital currency to protect against a possible overnight proliferation of stablecoin technology, says Fed chairman Jerome Powell.
2021-1-16 14:14 | |
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A Swiss experiment on how central bank money can be linked to markets built on distributed ledger technology (DLT) yielded positive results.
2020-12-4 19:55 | |
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Employing Ethereum-powered distributed ledger technology (DLT), the Reserve Bank of Australia (RBA) is forging new alliances to push the development of its own CBDC. On Nov. 2, 2020, the RBA announced that it would combine the efforts of the Commonwealth Bank, National Australia Bank, ConsenSys, and Perpetual to develop Australian digital currency.
2020-11-2 21:09 | |
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The Australian central bank is considering the use of a Central Bank Digital Currency (CBDC) to be launched on the Ethereum Blockchain. The bank is already working on a project in collaboration with the Commonwealth Bank, National Australia Bank, Perpetual, and blockchain technology company ConsenSys to look into the use of a CBDC based on […]
2020-11-3 17:28 | |
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Bundesbank seems to be coyly flirting with blockchain technology.
2020-10-31 23:50 | |
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According to reports, the Chinese technology giant, Huawei has launched a smartphone that has a built-in hardware wallet for China’s Central Bank Digital Currency (CBDC). In a recent press conferThe post Huawei's new smartphone has a built in hardware wallet that supports China's CBDC appeared first on AMBCrypto.
2020-10-30 16:09 | |
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Blockchain technology firm ConsenSys has announced today that it is working with French multinational investment bank and financial services company Societe Generale or SocGen-Forge on central bank diThe post ConsenSys to work with SocGen-Forge on CBDC pilot project appeared first on AMBCrypto.
2020-10-28 18:15 | |
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According to the Real Vision founder and CEO Raoul Pal, governments and Central Banks are much more prepared to roll out central bank digital currencies than most people think. The changes that have taken place in regulatory frameworks and overall interest in developing central digital currencies show that central banks are taking cryptocurrency technology seriously. […]
2020-10-20 00:09 | |
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The Bank of Canada is making the next in a series of moves that will eventually lead to the creation of its own CBDC — or at least, that is what the crypto industry is assuming right now. Such assumptions came from recent information, revealing that the bank is looking for an economist with experience in financial technology and deep knowledge of crypto.
2020-10-19 10:55 | |
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Blockchain tech company ConsenSys announced that it would work on the second phase of ‘Project Inthanon-LionRock,’ which will allow the firm to design a proof-of-concept for CBDCs. This project waThe post Hong Kong Monetary Authority wants ConsenSys to develop technology for CBDC appeared first on AMBCrypto.
2020-9-26 19:30 | |
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ConsenSys has shared on Sept. 25, that it was awarded a cross-border payment network study project by the Hong Kong Monetary Authority (HKMA). The project involves the development of a technology for a central bank digital currency (CBDC) cross-border payment network, which actually serves as the second implementation phase of the Project Inthanon-LionRock.
2020-9-25 18:24 | |
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As part of the OMFIF Digital Monetary Institute debate on how blockchain and distributed ledger technology (DLT) benefit central banks’ plans of rolling out digital currencies, a virtual discussion will be held on August 19, bringing together board members and specialists of several central banks according to a notification on Aug 18.
2020-8-19 01:00 | |
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Coinspeaker Bank of England to Speak at OMFIF Organized CBDC MeetingThe key focus of the meeting will be to tackle the ways in which blockchain technology can benefit various models for CBDCs.
2020-8-18 17:45 | |
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The governments of China and the U.S. frame digital currency as part of their great-power competition, but instead they should work on this technology together.
2020-7-28 17:00 | |
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In a 145-page document, the Beijing municipal administration presented a two-year roadmap for a blockchain-based programmable governance model. More than 100 government services in China are already using blockchain technology....
2020-7-17 10:49 | |
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China’s planned digital currency electronic payment (DCEP) project may be accelerated to have the central bank digital currency (CBDC) available for COVID-19 stimulus package payments. The news is the latest in a string of government-led actions aimed at advancing the adoption of blockchain technology in the country.
2020-5-27 23:00 | |
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France’s central bank, the Banque de France on May 20, 2020, announced that it had successfully completed a trial test of the digital euro based on blockchain technology. Notably, the central bank digital currency (CBDC) test conducted by Banque de France was executed with major French multinational investment bank Societe Generale (SocGen).
2020-5-21 19:00 | |
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Central bank digital currencies (CBDC) have been the talk of the town ever since the idea of a government-controlled blockchain came into prominence. The democratic ideas that blockchain technology is supposed to be a reminder for now run the risk of being compromised due to its rising popularity among government institutions the world over.
2020-5-16 23:07 | |
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Forty-six central banks would consider a broader form of distributed ledger technology for a CBDC but aren't crazy about putting it on a blockchain.
2020-5-15 17:40 | |
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South Korea's central bank plans to hire additional experts as it studies digital currencies and blockchain technology.
2019-12-28 20:15 | |
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On December 17, the European Central Bank (ECB) published a report that showcased its blockchain technology proof-of-concept. One particular feature the central bank digital chain holds is the ability to issue “anonymity vouchers.
2019-12-20 06:00 | |
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Toronto-based Bitcoin mining company Bitfarms has announced the termination of its interim president and chief executive officer (CEO), Geoffrey Morphy after he filed a $27 million lawsuit against the company.
Binance, one of the world’s largest cryptocurrency exchanges, has come under scrutiny after a Wall Street Journal report revealed that the platform fired its top investigators following their allegations of wash trading involving a top VIP client, DWF Labs.
Institutional investors in Canada are showing a strong appetite for cryptocurrencies, with a new survey revealing a significant surge in adoption rates. The report, conducted by KPMG in Canada and the Canadian Association of Alternative Assets and Strategies (CAASA), paints a picture of a booming crypto market fueled by investor confidence and a supportive regulatory […]
In a noteworthy development for the Bitcoin (BTC) market, BlackRock’s Bitcoin ETF, under the ticker name IBIT, has experienced a significant shift in trading dynamics. After an impressive streak of 71 consecutive days of inflows, IBIT recorded zero inflows during Wednesday’s trading session, marking the first time in nearly three months. Turning Point For BlackRock’s […]
Prominent Bitcoin advocate and co-founder at CMCC Crest, Willy Woo, has sparked a spirited discussion surrounding the future of Bitcoin and its potential impact on younger generations. Related Reading: Stablecoins Get A Seat At The Table: US Senators Unveil New Regulations In a recent Twitter exchange with Jesse Colombo, Director of Marketing at BullionStar, Woo […]
Asset manager Blackrock has emerged as the frontrunner in the Bitcoin ETF race in terms of inflows with its IBIT ETF, which is increasingly attracting institutions’ attention as a key development showing its success.
According to a recent Reuters report, Hong Kong is on the verge of becoming Asia’s first city to launch spot Bitcoin ETFs. Notably, the initial approvals for these ETFs are expected to be announced as early as next week, which is significantly ahead of industry expectations for such launches this year. Hong Kong’s Bid For […]