The Bank of Israel in a recent announcement declared that it has collaborated on a trial with the Hong Kong authority. It will assess the latest digital currency against cyber security risks among oth...
Tag: Currency
Israel working with Hong Kong to test digital currency risk, Bloomberg says
The Bank of Israel is working with the Hong Kong Monetary Authority on testing a new digital currency against cyber security risks, the Bank of Israel told Bloomberg in a statement. The joint project...
The Lords of Money Pose Massive Threats to Markets
Think the Fed’s job is hard? At least the U.S. Federal Reserve can concentrate on fighting inflation. In Japan and Europe, the central banks are battling the markets, not merely price rises. That’s le...
The Crashing Of Bitcoin Reveals A New Face Of The Currency
Bitcoin miners earn from three factors: the price of bitcoin (BTC), the cost of power, and the availability of high-performance specialist mining rigs known as ASICs (application-specific integrated c...
Israel and Hong Kong trial a new digital currency and its potential cyber risks
The carnage of the cryptocurrency market has continued despite some short-lived relief but digital assets are still growing in popularity, and two major financial authorities have joined forces to exp...
Another ‘stable’ currency peg is falling, but this time it looks like it might vindicate crypto bulls
Last month’s collapse of TerraUSD’s stablecoin, which promised but failed to maintain a fixed exchange rate to the dollar, heralded the beginning of what may be a new ice age for digital assets. Now a...
Russian bank Sber to complete its first digital currency deal
Russian banking giant Sber — formerly known as Sberbank — is preparing to complete its first digital currency deal involving the bank’s proprietary digital asset platform soon. The bank will conduct i...
Russia’s Banking Giant ‘Sber’ To Execute First Digital Currency Deal Next Month
2 hours ago | 2 mins read Bitcoin News By mid-July, the bank plans to undertake its first DFA transaction. The VTB board member said they would establish a new platform to acquire digital rubles. Russ...
Italian bond yields dive and euro climbs as ECB announces emergency meeting on market conditions
European bond yields fell and the region’s single currency climbed on Wednesday as the European Central Bank announced it would hold an emergency meeting to “discuss current market conditions.” The Go...
BTC and Crypto as “Payment Currency” – Brazilian Congressman Passed the Bill
Despite the market dip, crypto adoption is rising in all parts of the world. The recent talk of the town is that a bill is introduced to make Bitcoin and digital currencies as payment options in Brazi...
Oman is Currently Working on it First Digital Currency
Oman is currently working on its first digital currency. This comes after stern warnings for its people to stay away from cryptocurrencies in general. Oman Taher bin Salem al-Omari is the CEO of the C...
Nearly Three-Quarters of U.S. Merchants Aiming to Accept Digital Currency Payments – crypto.news
Deloitte and PayPal released a research report on June 8, 2022, revealing that merchants and retailers in the United States are making serious plans to integrate cryptocurrencies and stablecoin paymen...
Deloitte: 85% of Merchants Expect ‘Ubiquitous’ Digital Currency Payments in Five Years
A survey conducted by “Big Four” accounting firm Deloitte indicates that nearly 85% of executives from various U.S retail organizations expect digital currency payments to become “ubiquito...
Report: ‘Digital currency will become legal tender in the next…’
Crypto adoption across the world is growing at a much faster pace. New data suggested four in five American retail organizations are expecting digital currency payments in the next five years. They al...
Coinbase CEO Brian Armstrong Says Bitcoin May Become New Global Reserve Currency
Coinbase CEO Brian Armstrong is optimistic Bitcoin (BTC) could one day usurp the US dollar’s role in the world. Armstrong says in an interview he foresees Bitcoin acquiring a global gold standard stat...
Digital Currency Group unveils wealth management subsidiary
Digital Currency Group (DCG), a cryptocurrency investment firm founded by Barry Silbert in 2015, has officially launched its long-heralded wealth management subsidiary. Named HQ Digital, it will offer...
American Economists Are Baffled by an ‘Unusual Situation’ as Russia’s Ruble Is the World’s Best Performing Fiat Currency – Economics Bitcoin News
Two months after the Russian ruble fell below a U.S. penny, the transcontinental country’s fiat currency is the best performing currency worldwide. American economists are baffled by the “unusual situ...
PayPal Converts Conditional Virtual Currency License to Full BitLicense
“The conditional virtual currency license allows businesses to have well-regulated access to the New York marketplace through partnerships with licensed firms, ensuring that New Yorkers have access to...
Miami mayor says that Bitcoin can be a global currency
Kristina Cornèr, Cointelegraph’s editor-in-chief, sat down with Miami Mayor Francis Suarez at the recent World Economic Forum held at Davos, Switzerland, to discuss topics like the role the mayo...
Block Inc. report suggests Bitcoin is the people’s currency, but with a twist
? Want to work with us? CryptoSlate is hiring for a handful of positions! A report by Block Inc., in conjunction with Wakefield Research, detailed several interesting findings concerning Bitcoin. The ...
Digital Currency Group’s NY Expansion In Doubt After Crypto Mining Ban
Digital Currency Group (DCG) CEO Barry Silbert expressed doubt over the company’s New York expansion if a crypto mining ban became law. DCG- which owns asset manager Grayscale, is preparing to build i...
Circle Says A Central Bank Digital Currency (CBDC) Is Not Needed ⋆ ZyCrypto
Advertisement     In recent times, several central banks have been looking to develop a Central Bank Digital Currency (CBDC) to address the limitations of fiat currenc...
India’s central bank plans ‘graded approach’ to digital currency, News 18 says
The Reserve Bank of India (RBI) said in its annual report released on Friday that it was taking a “graded approach” toward the introduction of a Central Bank Digital Currency, News 18 reported. “The R...
India’s Central Bank RBI to Adopt a ‘Graded Approach’ to Digital Currency Launch – Regulation Bitcoin News
India’s central bank, the Reserve Bank of India (RBI), has proposed to adopt a “graded approach” to launching the country’s central bank digital currency (CBDC). The RBI also said it is exploring the ...
Dogecoin set to become ‘currency of space?’ Musk has answer but not…
Dogecoin and Elon Musk have had a long relationship. It seems Dogecoin’s price is directly proportional to Musk’s bullish tweet about the meme coin. Not to forget that the billionaire’s tweets of late...
Senators Introduce Bill to Limit Use of China’s Digital Currency in the US — ‘This Is a Major Financial and Surveillance Risk’ – Regulation Bitcoin News
Several U.S. lawmakers have introduced a bill to prohibit app platforms in the country from hosting apps that enable transactions using China’s central bank digital currency, the digital yuan. “The Ch...
Holding the International Crypto Currency World Expo Summit In Istanbul
CRYPTO CURRENCY WORLD EXPO SUMMIT One of the greatest events of Block chain and Crypto currency will be held in Istanbul, September 1-2, 2022 Crypto World Expo Is the event For Investors and Crypto In...
Exotic Markets Creates First Dual Currency Note on the Solana Blockchain
Exotic Markets is excited to introduce the Dual Currency Note (DCN) on the Solana blockchain. DCN has merit in any market condition and will rekindle overall interest in cryptocurrencies following the...
Stellar Foundation Joins Effort To Create Digital Currency Pilot Project in Brazil
The Stellar Development Foundation (SDF) is partnering with a leading crypto exchange as part of a wide-ranging test program seeking to expand Brazil’s blockchain industry. In a new press release, Ste...
Exotic Markets’ Dual Currency Note (DCN) debuts on Solana
After a thorough devnet testing phase, Exotic Markets has introduced and launched its Dual Currency Note (DCN) on the Solana blockchain. DCN is meant to rekindle the overall interest in cryptocurrenci...
Ray Dalio Warns of 1930s-Style Currency Devaluation, Says Bitcoin (BTC) Is Part of His Portfolio
Billionaire hedge fund veteran Ray Dalio says that the global financial landscape is now in an environment where investors need to ask what money really is and that a “digital gold” like Bitcoin (BTC)...
US central bank digital currency commenters divided on benefits, unified in confusion
In January, the United States Federal Reserve Board of Governors released a discussion paper on a potential U.S. central bank digital currency (CBDC) titled “Money and Payments: The U.S. Dollar in the...