Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva stated: “Crypto assets and stablecoins are no match for well-designed central bank digital currencies (CBDCs). If CBDCs ...
Tag: Digital
Bank of Japan to Launch Digital Yen CBDC Pilot Later This Year – Bitcoin News
The Bank of Japan is preparing to launch a pilot test for a digital yen, its central bank digital currency (CBDC), later this year. Shinichi Uchida, executive director of the Bank of Japan, explained ...
US regulatory crackdown leads to $32M digital asset outflows: CoinShares
Institutional investors may have gotten the jitters on crypto in the wake of the regulatory crackdown in the United States, with digital asset investment products seeing the largest weekly outflow of ...
Hong Kong Outlines Plans to Let Investors Trade Digital Tokens
Hong Kong has made its intention clear. It wants to re-establish itself as the digital asset hub of Asia. The city has announced various plans to attract crypto firms and investors to its shores. Its ...
Illinois lawmaker floats ‘weird’ digital property protection bill
Illinois’ Sen. Rebert Peters has introduced the digital property protection act, which aims to mandate blockchain projects in the state to reverse already executed on-chain transactions when ordered b...
San Francisco Fed Hiring for Digital Currency Development
The Federal Reserve Bank of San Francisco is looking for software developers to help research and design a central bank digital currency (CBDC). One job listing posted to LinkedIn is for a “Senior App...
ProcureTech Summit to show digital future of procurement
The growth of procurement within the region is on an uphill trajectory, combined with the adoption of technology and supply chains. The market growth factors are the increasing need for procurement pr...
Bank of Russia to Start Testing Digital Ruble With Real Users on April 1 – Finance Bitcoin News
The Central Bank of Russia plans to launch test operations with digital ruble transactions between real customers at the beginning of April. More than a dozen banks will join the upcoming stage of the...
Ukraine Prepones Pilot Launch of Digital Hryvnia To 2023
Altcoin News When the pilot phase was first proposed, it was set to begin in 2024. The Stellar Development Foundation was selected as a partner by the ministry. Mykhailo Fedorov, the minister in charg...
5 ways to monetize your digital art with NFTs
Nonfungible tokens (NFTs) offer a new way to sell and distribute digital art, and they have the potential to unlock new revenue streams for artists in the digital age. Here are five ways to monetize y...
Japan Is Set to Launch Digital Yen (CBDC) Pilot in April
Join Our Telegram channel to stay up to date on breaking news coverage On Friday, Japan’s central bank announced that it will begin a pilot program in April to test a digital yen. This is part of a gl...
LGND Music Revolutionizes Music Streaming with Blockchain Technology and Digital Collectibles
Advertisement     LGND Music, a new player in the music industry, has announced a revolutionary approach to music streaming that combines blockchain technology and dig...
Bank of Russia to Debut Digital Ruble in April 2023
The first consumer pilot for the nation’s central bank digital currency (CBDC) will be rolled out by the Bank of Russia on April 1, 2023, as part of preparations for this day. According to the f...
Japan to Launch Central Bank Digital Currency Pilot in April 2023
In April of 2023, Japan intends to launch a pilot program for a central bank digital currency (CBDC), even if the country does not permit the use of international stablecoins like Tether (USDT). It in...
NovaWulf Digital Management To Buy Celsius’ Lending Operations
Join Our Telegram channel to stay up to date on breaking news coverage Bankrupt cryptocurrency firm Celsius has found a buyer after reaching a deal with investment firm NovaWulf Digital Management. Wh...
Wyoming lawmakers pass bill prohibiting courts from forcing disclosure of digital asset
The legislature in Wyoming recently approved a measure that, with one tiny exception, would make it illegal for judges in the state to compel individuals to provide the secret keys to their digital as...
Bill Allows Russian Financial Platforms to Operate Blockchains, Issue Digital Assets – Finance Bitcoin News
A draft law filed in the Russian parliament permits operators of platforms providing financial services to also run blockchain platforms. The legislation will allow them to combine their regular activ...
CFTC alleges California Company and CEO of Misproportioning Digital Assets
The Commodity Futures Trading Commission (CFTC) recently filed charges against a California-based firm and its CEO for fraud and misappropriation of digital assets. The CFTC’s complaint al...
Japan to conduct a pilot program for circulating digital yen
Japan’s central bank announced on Feb. 17 that a pilot program to evaluate the usage of a digital yen would begin in April. The country joins a growing list of nations attempting to overtake leading C...
Japan to launch CBDC pilot program for issuance of digital Yen
Ad Bank of Japan director Uchida Shinichi said that the apex bank would launch a central bank digital currency (CBDC) pilot program to test the use of digital yen from April. The Bank of Japan launche...
Report Reveals Limited Accounting Records, Commingled Funds at FTX Digital Markets in the Bahamas – Bitcoin News
PWC, one of the ‘Big Four’ auditors and among the largest professional services networks globally, recently published a report on FTX Digital Markets, the bankrupt crypto exchange’s Bahamian subsidiar...
Central Bank of Brazil President States Digital Real Pilot Is Imminent – News Bitcoin News
The president of the Central Bank of Brazil, Roberto Campos Neto, has clarified the status of the development of the Brazilian central bank digital currency (CBDC), the digital real. Campos Neto state...
European Union discusses using zero-knowledge proofs for digital IDs
The European Union is famous for its ambivalent relationship with privacy — on the one hand, it was the first place in the world to apply strict data protection regulations. On the other, its central ...
FTX Digital Markets commingled client funds, Bahamian liquidators say
Legal • February 16, 2023, 11:23AM EST FTX Digital Markets, the crypto exchange’s Bahamian entity, commingled customer and corporate funds, according to a report filed in court earlier this month. ...
NovaWulf Digital Will Acquire Bankrupt Celsius, Here’s How They Plan to Pay Their Creditors
An agreement in principle has been reached for NovaWulf Digital Management to acquire bankrupt cryptocurrency company Celsius. Out of the more than 130 bids it received during its bankruptcy case, Cel...
Industrial Giant Siemens Issues €60 Million Digital Bond on Blockchain – Fintech Bitcoin News
German conglomerate Siemens has for the first time issued a blockchain-based digital bond denominated in euros. In an announcement, the corporation highlighted the benefits of using blockchain, includ...
Australian Crypto Exchange Digital Surge Set to Come Back Online After Stakeholders Sign Recovery Plan
This is the first successful restructuring of a Australian cryptocurrency exchange, according to Michael Bacina, digital asset specialist and partner at Piper Alderman. “Digital assets face chal...
Nomura’s Laser Digital Ventures in Infinity DeFi Lending Protocol
Nomura’s crypto arm invests in DeFi lending protocol Infinity. The firms made no indication of the total amount of the investment. Nomura established Laser Digital amid a bear market. The digital asse...