The monetary authority in Australia is beginning research into the potential economic benefits of issuing a central bank digital currency. Within the project, the regulator hopes to identify use cases...
Tag: Currency
Australian Central Bank Kicks Off Experiment Program To Explore Use Cases For Central Bank Digital Currency ⋆ ZyCrypto
Advertisement     The Australian Central Bank is joining the central bank digital currency (CBDC) bandwagon, kickstarting a “limited-scale” pilot in collaboration with...
Understanding the Currency Sector in CoinDesk Indices DACS
1. Bitcoin (BTC) is the world’s first cryptocurrency, and the largest by market capitalization. Since launching in 2009, Bitcoin has revolutionized payments with its innovation in blockchain technolog...
US Sanctions Virtual Currency Mixer Tornado Cash: What Will Be The Impact of This Crackdown?
In a major move, the US Treasury has sanctioned Tornado Cash, a virtual currency mixer, after news of money laundering of more than $7 billion cost of virtual currency since its foundation in 2019. T...
Decred (DCR) Pumps 35.54% – 50 EMA to Underpin Digital Currency
Decred (DCR) pumps 35.54% to trade at $35.33 before losing grounds. Despite the bullish crypto market, Decred (DCR) failed to extend its upward rally and fell slightly around $35.43 in the absence of ...
How To Take BTC From Reserve Asset To World Reserve Currency
Is the Lightning Network bitcoin’s killer app? It might be, but it still has a long road ahead. One of the stops on that road is the possible inclusion of stablecoins. Does bitcoin need them? Aren’t t...
Crypto And Fiat Currency Exchange Banned By CFTC From Taking Bets On US Elections
PredictIt, a crypto and fiat currency gambling platform that enables Americans to wager on who will be elected to Congress or the next president, has been stripped of its legal power to do business in...
Nepal Looks to Launch Digital Currency as Central Bank Approves Study
Central Bank Digital Currencies (CBDCs) are the latest buzz among central banks and Nepal is looking to ride the wave to create a digital version of its national currency. Nepal Rastra Bank (NRB), the...
Nepal Prepares to Issue Digital Currency, Drafts Necessary Amendments – Finance Bitcoin News
A task force in Nepal has proposed legal changes allowing the country’s central bank to issue its own digital currency. The move comes after a study indicated that such an initiative is feasible and r...
Dogecoin Best Suited As A Transactional Currency Over Bitcoin, Asserts Elon Musk ⋆ ZyCrypto
Advertisement     Elon Musk, the world’s richest person and CEO of Tesla, still takes Dogecoin very seriously despite its meme status. Speaking on the Full Send Podcas...
Nigerian Currency Recovers Versus US Dollar — Central Bank Says Importers Must Repatriate Forex Earnings – Economics Bitcoin News
After touching a new all-time low of N710 per dollar in late July, a new report says the Nigerian currency has rebounded by as much as 10%. After initially blaming speculators, the Central Bank of Nig...
BRICS Currency Meant to Rival USD, Trump Warns of Depression as Kiyosaki Predicts Bond Crash, Waits to Buy Bitcoin — Bitcoin.com News Week in Review – The Weekly Bitcoin News
BRICS nations have revealed they’re “creating an international reserve currency” analysts believe is meant to challenge the U.S. dollar and the International Monetary Fund’s Special Drawing Rights (SD...
Nigerian Currency Plunges to New All Time Low — Central Bank Blames Speculators – Economics Bitcoin News
The Nigerian central bank has accused currency speculators of being behind the local currency’s recent plunge to a new all-time low of N710 against the greenback. The leader of a Nigerian association ...
Call for Creation of Common African Digital Currency, Kenyan Activists Turn to Crypto Funding, Ghana on the Brink – Africa Bitcoin News
In Bitcoin.com News’ inaugural newsletter featuring the biggest crypto and economic news stories from Africa, the head of an African regional central bank, Herve Ndoba, implores the bank’s board to in...
Damien Hirst chooses NFTs, will burn all 1,000 of his physical ‘Currency’ art pieces
Damien Hirst’s NFT project, Currency, is made up of 10,000 unique art pieces made up of colored spots on an A4 sheet of paper. The artwork is signed, numbered, and includes a hologram watermark simila...
Digital Currency Exchange Kraken Under Investigation for Violating OFAC Sanctions – Bitcoin News
On Tuesday, a newly published report details that the cryptocurrency exchange Kraken is under federal investigation for allegedly violating U.S. sanctions, according to five people familiar with the m...
Crypto is the Workaround for High Prices and Devalued Currency
Inflation isn’t fun for the average person. Even though we are going through a complex economic moment, there are some ways you can use cryptocurrencies to beat inflation. Currently, different markets...
Fiat Currency: Definition, Examples, Fiat Vs Crypto, Advantages And Disadvantages
What Is Fiat Currency? A Fiat currency is money that is issued by a local government and is used for real-world payments. Fiat money lacks intrinsic value and is not redeemable in gold or silver. Fia...
Head of African Regional Central Bank Calls for Creation of Digital Currency – Emerging Markets Bitcoin News
The head of the Bank of Central African States (BCAS), Herve Ndoba, has told the regional central bank’s board that it must create a common digital currency which will be used by six countries belongi...
Pluto Protocol Launches Bear Market Resistant Reserve Currency on Waves Blockchain
Advertisement     Pluto Protocol has launched its reserve currency on the Waves blockchain. The currency is said to resist market conditions such as the bear market. T...
Russia, China, and BRICS Nations Plan to Craft a New International Reserve Currency – Economics Bitcoin News
While inflation data in Europe and the U.S. has risen significantly higher last month, Russia and members of the BRICS countries revealed leaders in the five major emerging economies are in the midst ...
When to buy euros, other currency for a trip abroad
Glowimages | Glowimages | Getty Images It’s a good time to be an American traveling abroad. The value of the U.S. dollar has been at its strongest in years relative to many major global currenci...
Ukraine’s New Fiat Currency Restrictions To Benefit Crypto Sector
A currency devaluation of 25% was announced on Thursday. Withdrawals from payment cards have now been capped to 12,500 hryvnia per week. National Bank of Ukraine’s (NBU) new policies is a reaction to ...
Board urges Bank of Central African States to introduce common digital currency: Report
The Bank of Central African States, or Banque des États de l’Afrique, which serves Cameroon, the Central African Republic, Chad, Equatorial Guinea, Gabon, and the Republic of the Congo, could be...
Bank of Central African States to introduce common digital currency
The Central African Republic passed legislation adopting Bitcoin as legal tender in Apri African nations could face significant challenges introducing cryptocurrencies CAR is yet to recognize CBDC Th...
Central African States Bank Board Urges Adoption of Uniform Digital Currency
The board of the Bank of Central African States (Banque des États de l’Afrique) has urged the regional financial authority to create a uniform digital currency that will serve the region. Bloomberg re...
Central African Regional Bank Seeks to Introduce Common Digital Currency
The board of the Bank of Central African States (BEAC) has urged the central bank (serving six central African countries) to introduce a common digital currency that can be used across its six member ...
Bank of Central African States Urged to Introduce Common Digital Currency: Report
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The Benefits of Betting on Sports Online Using Crypto and Avoiding FIAT Currency
Cryptocurrency has infiltrated several sectors and enterprises. The betting industry is a prime example that for example, may be able to take advantage of this new development. Blockchain technology...
Reserve Bank of India Is Working on ‘Phased Implementation’ of Central Bank Digital Currency – Regulation Bitcoin News
India’s central bank, the Reserve Bank of India (RBI), is working on a “phased implementation of a central bank digital currency (CBDC) in both wholesale and retail segments.” Necessary amendments hav...
Central African Republic Intends to Raise $1 Billion By Creating SANGO, Its National Digital Currency
– Advertisement – The Central African Republic will raise one billion dollars by releasing first-of-its-kind digital money, known as the “SANGO.” By releasing the first national digital ...