It goes without saying that chatting or sending personal messages to our near and dear ones has become a commonplace and inseparable part of our day-to-day lives. While there is a deluge of such apps,...
Tag: Currency
Millicent Completes World’s First Test of a General Purpose Full-Reserve Digital Currency (FRDC) – crypto.news
Millicent has announced the successful completion of its Full-Reserve Digital Currency (FRDC) test exercise using real-world scenarios. Millicent claims its FRDC are privately-issued digital currencie...
Where Central Banks Have Issued Digital Currencies [Infographic]
Cryptocurrencies have seen better days. The Russian invasion of Ukraine has shattered the belief in BitcoinBTC as a safe-haven asset, and the digital currency hit a price of around $18,000 per Bitcoin...
MN Crypto Council Establishes Digital Currency Education System
The MN Crypto Council in Minnesota is setting up a new nonprofit that will help to provide education for crypto hounds. MN Crypto Council Establishes New Crypto Education Nonprofit The space is often ...
Euro Slips Below Dollar as Europe’s Economic Fortunes Slump
The euro’s slide below parity with the U.S. dollar reflects Europe’s sinking economic fortunes in the face of the war in Ukraine. But unlike the last time the euro was this weak 20 years ago, nobody i...
Millicent Successfully Accomplishes the First-Ever Test of a General-Purpose Digital Currency with Full Reserves
Co-funded by the UK government’s R&D department, Millicent, a distributed ledger fintech business, has completed the world’s first test of a Full-Reserve Digital Currency (FRDC). With Millicent’s ...
Millicent successfully tests 1st General Purpose Full-Reserve Digital Currency
The world is ready for a Full-Reserve Digital Currency (FRDC) after Millicent, a distributed ledger fintech company co-founded by the UK government, successfully tested the first FRDC. Millicent’s FR...
Bitcoin not a currency? South Africa to regulate crypto as financial asset
The South African Reserve Bank is set to introduce regulations next year that will see cryptocurrencies classed and treated as financial assets to balance investor protection and innovation. Cryptocur...
Euro slips closer to parity as Goldman warns the ECB could respond more ‘forcefully’ to a weak currency’
As the euro moved ever closer toward parity on Tuesday, one big Wall Street bank warned that investors may be underestimating the firepower of the bloc’s central bank. Pressure resumed on the common c...
Report urges central banks to work together on digital currency interoperability
International agencies are urging central banks to consider interoperability early in the design of central bank digital currencies (CBDCs). The Bank for International Settlements (BIS) Committee on P...
The Pain (and Pleasure) Of The Dollar’s 20-Year High
On a trade-weighted basis, the US Dollar has charged to its highest level in two decades. The consequences of that surge stretch far beyond the US financial system, and US investors. The US Dollar is ...
Banking Circle Adopts USDC as Currency on its Payment Rails
Banking Circle, an European Union (EU) regulated payments bank has announced that it has integrated the USD Coin (USDC) stablecoin into its payment rail. According to the startup, the integration of t...
How Low Can the Euro Go?
The euro is hurtling toward parity with the U.S. dollar for the first time since its early years of existence. Investors are betting it could get a lot worse for the common currency. The descent adds ...
Still No Plan for US Central Bank Digital Currency After Latest Fed Meeting
The U.S. appears to be stalling on developing a central bank digital currency, with policymakers at the Federal Reserve discussing the technology but not revealing whether they’ve made any progress on...
Demand for Hardware Crypto Wallets Increases Amid Currency Restrictions in Russia – Bitcoin News
Hardware wallets designed to securely store cryptocurrency have seen a several-fold increase this spring in Russia, on the backdrop of currency restrictions introduced amid foreign sanctions. Ledger a...
Fed conference hears stablecoins may boost USD as global reserve currency
A note published by the United States Federal Reserve on a recently held conference found a majority of exports believe a U.S. dollar central bank digital currency (CBDC) would not drastically change ...
Binance Resumes Local Currency Deposits with Brazilian Payment System Pix
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the futur...
Global Exodus From Taiwan Stocks to Bring More Pain for Currency
(Bloomberg) — Taiwan’s dollar just posted its worst first half of a year on record and analysts foresee more losses as overseas investors exit the island’s equities. Most Read from Bloomberg The...
China Blockchain Alliance: the idea of virtual currency
Executives of the China Blockchain Service Network (BSN) Development Alliance, Shan Zhiguang and He Yifan, have called virtual currencies the biggest Ponzi scheme in human history. At the same time, h...
Virtual Currency the ‘Largest Ponzi Scheme in Human History’ – Bitcoin News
The chairman of China’s Blockchain Service Network (BSN) Development Alliance Shan Zhiguang, and his colleague, insisted in a recently published op-ed that virtual currency is “undoubtedly the largest...
Qatar is working on a central bank digital currency
Sheikh Bandar, the governor of the central bank of Qatar, has outlined the country’s progress with its central bank digital currency (CBDC). Qatar’s plans for a CBDC align with other central banks glo...
INX And SICPA Sign A Groundbreaking Memorandum of Understanding To Establish a Joint Venture to Develop An Innovative Central Bank Digital Currency Ecosystem To Support Monetary Sovereignty
Toronto, Canada, 28th June, 2022, Chainwire The proposed joint venture will lead the development of blockchain-based technology solutions to create a central bank digital currency ecosystem to help go...
Hotbit Exchange now supports crypto purchase with fiat currency via Advcash
Hotbit, the world’s leading cryptocurrency exchange with 7 million registered users, has partnered with the payment platform Advcash to provide its users with channels to purchase crypto with fiat cur...
Hotbit Exchange Now Supports to Purchase Crypto with Fiat Currency via Advcash, Buy Crypto and Share 10,000 USDT Prize Pool!
Hotbit, the world’s leading cryptocurrency exchange with 7 million registered users, has partnered with the payment platform Advcash to provide its users with channels to purchase crypto with fiat cur...
Lebanon Inflation Rate Surges to 211%, Economist Steve Hanke Recommends a Currency Board – Economics Bitcoin News
As political leaders in crisis-hit Lebanon bicker over positions in the yet-to-be-formed government, the country’s runaway inflation rate surged to 211% in May 2022, new data has shown. Economist Stev...
Digital Currency Group-Backed Crypto Exchange Halts Withdrawals
Alex Dovbnya CoinFLEX has temporarily suspended withdrawals due to market volatility Cryptocurrency derivatives exchagne CoinFLEX has halted withdrawals due to unfavorable market conditions and uncert...
US Lawmaker: Digital Dollar Would Safeguard Greenback As Global Reserve Currency
A US Rep. Jim Himes has recently expressed his thoughts on Digital Dollar in a white paper. The document argues that the country should make a Central Bank Digital Currency (CBDC) and specifies ...
Digital Dollar Would Secure Greenback as Global Reserve Currency, Lawmaker Argues
“A U.S. CBDC would have advantages over privately issued stablecoins and crypto‐assets, most notably the ability to be backed by the full faith and credit of the U.S. government, like traditiona...
Australia Makes a Major Decision, Exclude Bitcoin And Co From Foreign Currency Taxes
– Advertisement – Australia makes a major decision about cryptocurrency tax regulations. The government of Australia has provided official confirmation that virtual currencies would not ...
Bank of Israel experiments with central bank digital currency smart contracts and privacy
On Monday, the Bank of Israel released the results of a lab experiment that examined user privacy and the use of smart contracts in payments. This was the central bank’s first technological experiment...
The U.S. dollar hasn’t been this strong against the euro in 20 years. Here’s what happened next.
A gutsy contrarian bet right now is that the strong U.S. dollar will weaken, particularly versus the euro. A secondary bold bet is that U.S. stocks will lag international equities. Dollar weakness wou...