Brazilian Central Bank Task Force To Study CBDC Issuance and Impact

The Central Bank of Brazil on 21st August announced that it will be setting up a world-wide study group to research the issuance of central bank digital currencies (CBDC). The central bank, in its official statement, noted the growing impact and adoption of digital assets, especially CBDCs. дальше »

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Blockchain Bites: Bitcoin’s ‘Rich List,’ Ethereum’s Volatility, DeFi’s Shakeup

The number of addresses on Bitcoin’s “rich list" is reaching new highs while another firm is putting its cash reserves into bitcoin, not a bank account. дальше »

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Over 20% Of Central Banks Are Looking to Launch A CBDC In The Next 1-6 Years: BIS Report

In research published over the weekend, the Swiss-based BIS reports the growing attention by global central banks on research and development of central bank digital currencies (CBDCs) in 2020. The paper states the motivations, technical developments and policy approaches towards the launch of CBDCs vary across the central banks with the more innovative countries taking […] дальше »

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Central bank of Brazil forms a team for studying crypto

The cryptocurrency craze that has taken over central banks around the world has started taking a firm grasp in South American countries. According to recent information, the central bank of Brazil has now also developed a strong interest in digital currencies. дальше »

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Lightnet partners with SEBA Bank to transform the payments sector

Singapore-based FinTech company Lightnet Pte. Ltd has signed a memorandum of understanding (MoU) with SEBA Bank, FINMA-licensed Swiss bank. A report unveiled this news on August 25, noting that this collaboration aims to offer a secure and accessible bridge between digital and traditional assets. дальше »

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Digital Yuan Effect? The Federal Reserve Bank of Boston Is Evaluating Over 30 Blockchains for Digital Dollar

Syncing with one of the hottest trends of the year and building on previous researches, the Federal Reserve Bank of Boston is said to be evaluating over 30 blockchains to determine whether they would support a digital dollar reports CoinDesk on Aug 24. дальше »

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BIS Offers Insights on Central Bank Digital Currencies

The Bank for International Settlements (BIS) has issued its analysis on Central Bank Digital Currencies (CBDCs). The paper offers useful background information, as well as points to some current strategies for larger economies. дальше »

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Boston Federal Reserve Seeks Top Blockchain Networks That Could Support A Digital Dollar

The Federal Reserve Bank of Boston partnership with Massachusetts Institute of Technology (MIT) is currently testing over 30 blockchain projects to find the best one for a digital dollar. The tests aim at finding an already established project instead of building it from scratch with the Fed looking for a stable, secure, and scalable blockchain […] дальше »

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China: CBDC Trial Focused on Retail Transactions

China’s central bank has stated that the trial of its developing central bank digital currency (CBDC) is currently limited to retail transactions, as against claims stating that the digital yuan was used for large transactions. дальше »

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The Trials of China’s DCEP Focusing on Retail Transactions: Report

The experimental test of China’s sovereign digital currency is currently focused on small retail transactions and hasn’t expanded to large volume transactions yet, said the country’s central bank as reported by local media. дальше »

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China’s DCEP Trials Restricted to Micro-Transactions, Says Central Bank

China’s central bank has denied rumors of its planned digital currency electronic payment (DCEP) system being used for large value transactions. The People’s Bank of China (PBoC), is currently coordinating central bank digital currency (CBDC) trials across several cities in the country. дальше »

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Brazil’s Central Bank Tasks Group With Laying Out Road Map to Digital Currency Issuance

The 12-member team will submit their findings – and propose a CBDC issuance model – to the central bank in 180 days. дальше »

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China’s Digital Yuan Testing Limited to Small Scale Transactions, PBOC Says

Coinspeaker China’s Digital Yuan Testing Limited to Small Scale Transactions, PBOC SaysThe People’s Bank of China (PBOC) has clarified the spreading rumors that the testing of its DCEP involves large cash transactions. дальше »

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Two Ripple Partners Are Expanding on Opposite Sides of Globe: US and Asia

TPBank, a RippleNet client, is about to start the first transaction office in Phu Quoc, while Currencycloud partners with Radius Bank for better cross-border payments дальше »

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Boston Fed Is Looking at

The Federal Reserve Bank of Boston is evaluating more than 30 different blockchain networks to determine if they would support a digital dollar дальше »

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China’s nationwide blockchain to add support for stablecoins

China appears to be in the final phases of testing its CBDC, digital yuan. The country recently expanded the tests to new cities, and its central bank revealed that the coin is only used for small retail transactions at this time. дальше »

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PBoC Says Digital Yuan Tests Focus on Small Transactions After Rumored Property Sale

The People's Bank of China has apparently played down rumors of a house sale settled with its in-the-works digital currency. дальше »

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На балансе центробанка Багамских островов обнаружили цифровую валюту на $48 000

Центробанк Багамских островов выпустил цифровую валюту Sand Dollar на $48 000. First digital currency to shows up on a central bank balance sheet? https://t. co/KDcWsXky1T [I get this detail about the Bahamas’ Sand Dollar project via @TheBlock__‘s useful report on CBDC https://t. дальше »

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Central Bank Digital Currencies and Their Role in the Financial System

What are CBDCs and the risks they possess, and how might they reshape our economies?

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Former RBI Governor and IMF Chief Economist Sees Value in Bitcoin and Facebook Libra

Raghuram Rajan, former governor of the Reserve Bank of India (RBI) and chief economist at the International Monetary Fund (IMF), sees value in bitcoin, cryptocurrencies, and Facebook-backed libra alongside central bank digital currencies. дальше »

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Why the Rise of the CBDC Is Bad for Your Privacy

Like, hate, or fear them, central bank digital currencies (CBDCs) are on their way. There will be no stopping them. From Sweden to Thailand and China to Canada, governments the world over are experimenting with CBDCs. дальше »

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Инвесторы отмечают переоценённость золота

Недавнее исследование Bank of America показало, что профессиональные финансовые менеджеры начали беспокоиться о переоценке металла даже после коррекции цен с рекордных максимумов. Между тем, корреляция между биткоином (BTC) и золотом снова упала, хотя ещё недавно она достигла самого высокого уровня за год. дальше »

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Rich Dad Poor Dad Author Doubles Down on Bitcoin Amid Fears of Bank “Crisis”

On a global scale, few actually own Bitcoin. According to Robert Kiyosaki, the author “Rich Dad Poor Dad,” though, everyone should own the cryptocurrency ahead of the coming “banking crisis. дальше »

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Winter Is Coming: Examining the Economy’s Eight-Body Problem

From the devastation of the service industry to never-ending central bank intervention, these factors make predicting the future of the economy nearly impossible. дальше »

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RBL Bank сотрудничает с Accenture для создания инфраструктуры цифрового банка

RBL Bank объявил сегодня о своем партнерстве с консалтинговой фирмой Accenture, которая предполагает, что благодаря своему профессиональному опыту, она сможет расширить сеть информационных технологий (IT) и услуги банка. дальше »

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US Bank Regulator Sees Potential in Fintech Solutions to Legacy Banking Issues

A fintech-positive U.S. banking regulator sees a role for private companies in providing better banking services.

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Top Indian Central Banker Says Cryptos Have a Future But Fears Monopoly

A former chief economist of the IMF said neither private digital currencies nor central bank digital currencies should hold a monopoly. дальше »

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Bitcoin And Libra Can Coexist With CBDCs, Says Former Reserve Bank Of India Governor

With more central banks around the world studying the issuance of their own digital currencies, Bitcoin and Libra could still find a purpose to be part of a future when money becomes purely digital. That’s according to Raghuram Rajan, former governor of the Reserve Bank of India. дальше »

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Bank of America’s Latest Gold Survey Hints Trouble for Bitcoin; Here’s Why

Bitcoin remains one of the best-performing assets this year, now sitting atop more than 60 percent gains. The benchmark cryptocurrency on Monday nearly hit $12,500, a level it had not touched since July 2019. дальше »

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Colombian IT Ministry Quotes Satoshi and Bitcoin, Calls for Blockchain and Crypto Adoption

Less than two months after the Office of the Inspector General of Colombia, World Economic Forum (WEF), and the Inter-American Development Bank (IDB) partnered up to develop a blockchain-based Proof-of-Concept solution to tackle corruption in government’s procurement processes, the Colombian Ministry of Information Technology and Communications (MinTIC) has published a draft guide, identifying ten coreRead MoreRead More. дальше »

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Russian bank grants loan secured by cryptocurrency for the first time in Russia

Expobank became the first financial institution in Russia to grant an individual bank loan secured by cryptocurrency. The pledge was Waves tokens.

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Blockchain Bites: Bitcoin in Space; Prime Brokerage Race; Nodes You Can’t Trace

The OCC's door is open for banks looking to discuss getting involved in crypto services, a Russian bank issued a token-backed loan and bitcoin has been sent from space. дальше »

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XRP Complements Stablecoins and CBDCs, Top Ripple Exec Asserts

The advent of Stablecoins and Central Bank Digital Currencies (CBDCs) has pretty much put Ripple’s XRP in a compromising position, especially given that they do almost exactly what XRP does when utilized in cross-border payments. дальше »

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Russian Bank Expobank Issues First Loan with Crypto Tokens as Collateral

Coinspeaker Russian Bank Expobank Issues First Loan with Crypto Tokens as CollateralExpobank has become the first bank in Russia to issue a loan with crypto as collateral. The loan was powered by WAVES tokens. дальше »

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Barclays’ Former Russian Bank Has Issued a Token-Collateralized Loan

Expobank has issued its first loan using WAVES tokens as collateral – the bank are now estimating what future demand could be. дальше »

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Citibank Mistakenly Sends $175 Million to Hedge Fund, Cryptocurrency Users Empathize

Citibank has mistakenly wired upwards of $175 million to a hedge fund that is declining to return the money. The bank intended to pay Brigade Capital Management around $1. 5 million in interest payments on a loan that it made to the troubled cosmetics company Revlon. дальше »

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Russian bank issues first crypto-backed loan via Waves (WAVES)

Russian regulators have been working hard recently to come up with adequate regulations for the crypto industry. However, their efforts have yet to be included in the nation’s law. Despite this, one of the country’s banks has decided to go ahead and issue the first-ever crypto-backed loan, despite the still on-going lack of regulatory clarity. дальше »

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Waves Powers Russia’s First Reported Crypto-Backed Bank Loan

Russian banks are not waiting for full regulatory clarity to issue crypto loans.

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Singapore bank says Bitcoin, crypto is “no more” the wild west

A prominent Singapore bank said Bitcoin and other public cryptocurrencies present a “new frontier” for contactless payments and digital money, one that’s past their days of being dismissed by bankers. дальше »

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Bequant, Now in Crowded Prime Brokerage Race, Adds Signature Bank Integration

In a newly crowded market, Bequant is still adding features to the suite of services it's been building for the past two years. дальше »

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Bitcoin’s Market Cap Is Now Greater Than That Of Bank Of America Following Latest Rally

Bitcoin has been steadily climbing. On Monday, the flagship crypto surged to a new 2020 high just above $12,400. This recent bitcoin bull rally is perhaps highlighted by the fact that the dominant’s market capitalization is now well above that of Bank of America. дальше »

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Bank of England to Speak at OMFIF Organized CBDC Meeting

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. дальше »

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Bitcoin Price Analysis - 12 month record high leaves the door open for 48 month high

In the months to come, Bitcoin may reach new highs swiftly as quantitative easing and global central bank money printing surges to unparalleled levels. дальше »

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Bank of England ready to discuss CBDC on tomorrow’s meeting

Banks around the world are considering implementing digital currencies as part of their business. However, the majority of those that do, do not wish to use existing, decentralized coins that cannot be controlled. дальше »

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DBS Bank: центральные банки «обеспокоены и заинтригованы» развитием цифровой валюты

Специалисты крупнейшего банка Сингапура считают, что от цифровых активов не стоит ждать революции, потому что в этой сфере уже активизировались центральные банки, которые боятся потерять контроль над финансовой системой. дальше »

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Anheuser-Busch InBev, ING Bank, & Rolls Royce Join Mousebelt’s Blockchain Education Alliance

Blockchain Education Alliance, an initiative by Mousebelt, has gained four new significant members according to an announcement by the blockchain accelerator on August 17. They include margin crypto trading platform Multi. дальше »

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Standard Chartered Bank completes Bangladesh’s first blockchain transaction

Standard Chartered Bank Bangladesh has completed the first-ever blockchain transaction in the country. A report unveiled this news on August 15, noting that the bank executed this deal after issuing a Letter of Credit (LC) for Viyellatex Ltd, a readymade garment exporting firm. дальше »

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ING Bank, Rolls Royce Join Alliance to Promote Blockchain Education

Both Rolls Royce and ING Bank have signed on to an industry body that supports student developers interested in building their own blockchain projects. дальше »

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ING, Rolls Royce and Multi.io Join Blockchain Education Alliance

ING Bank, AB-InBev, Rolls Royce, and Multi.io joined the Blockchain Education Alliance launched by blockchain accelerator MouseBelt. дальше »

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China will demo its digital currency in major cities

The People’s Bank of China has approved the deployment of its Digital Currency Electronic...

The post China will demo its digital currency in major cities appeared first on Coin Journal.

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