The central bank’s most senior economist now runs the department responsible for the digital currency task force and working group with other central banks. Source link
Digital
57 posts
Users will now be able to buy and sell XLM on Revolut’s platform, the fintech firm announced Tuesday. Source link
The OCC will allow banks to custody crypto, Visa has a digital currency playbook and a digital dollar is essential to America’s economic edge, said experts at a U.S. Senate hearing. You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. […]
Avanti Financial expects to open its doors this October with a new bank-issued digital asset. Led by Wyoming blockchain advocate Caitlin Long, the crypto-friendly bank announced Thursday its application was accepted by the Wyoming Division of Banking on July 15. Avanti will open in the fall because the regulator accelerated […]
Days after announcing an expected $200 billion IPO, the Alibaba affiliate has rebranded its enterprise blockchain to AntChain. Source link
The idea of a U.S. digital dollar is no longer a fringe novelty. Now, it may be a means to an end. The U.S. Senate Banking, Housing and Urban Affairs Subcommittee on Economic Policy conducted a hearing on “Winning the Economic Competition” between China and the U.S. on Wednesday. Once […]
Hailing digital currency’s potential to democratize electronic payments, financial services giant Visa appeared on Wednesday to redouble its efforts to “shape and support” cryptocurrency’s place in the “future of money.” Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides […]
Japan’s largest banking firm, Mitsubishi UFJ Financial Group (MUFG), is set to issue a digital currency in the second half of this year. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. […]
The Bank of Japan is warming to digital currencies and now has a team dedicated to researching a possible digital yen. Source link
Thailand’s digital currency is backed by the central bank’s foreign currency reserves, which have grown by $25 billion over the past 12 months. Source link
https://cdn1.img.sputniknews.com/img/07e4/07/11/1079910349_0:312:3001:2000_1200x675_80_0_0_2b0a8a906b407570965077d30ef07f8f.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/science/202007171079912896-microsoft-halts-production-of-xbox-one-x-one-s-digital-edition-prior-to-series-x-launch/ As Microsoft is planning to launch its Series X console later this year, speculations are circulating that the company will unveil a cheaper and less powerful version of its new-gen console in the nearest future. Microsoft has officially halted production of its Xbox […]
The Bahamas is betting its mobile phone-based digital currency could be the key to faster post-disaster economic recovery. Source link
Patrick Murck is chief legal officer at Transparent Systems, developers of distributed settlement solutions, and an affiliate at Harvard’s Berkman Klein Center. Linda Jeng is global head of policy and special counsel at Transparent Systems and a senior fellow at Georgetown’s Institute of International Economic Law. Digital dollars can be […]
Fresh new soils can now be tilled for yield on Ethereum: the world of digital collectibles. Yield farming has turned decentralized finance (DeFi) into the juggernaut of crypto earnings here in mid-2020, but one non-DeFi startup believes that its users will also be interested in earning a new governance token […]
Now three Tencent-backed companies are setting themselves up to become early-stage testers for China’s digital yuan initiative. Source link
https://cdn1.img.sputniknews.com/i/logo-itemprop.png Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/world/202007101079852488-us-to-impose-25-additional-tariffs-on-french-imports-as-response-to-digital-tax/ France’s tax has been a source of tensions between Paris and Washington, as the latter believes the tax unfairly targets US companies. The United States will impose additional 25 percent tariffs on imports from France, estimated at $1.3 billion, as a response to the […]
If there’s one thing we can thank the coronavirus pandemic for, it’s a math lesson. Watching an infection lead to two, then four, then eight, then 16, then 32, then 64, then 128 and so on, people found a real-world reason to comprehend the phenomenon of exponentiality. Without such context, […]
The Commodity Futures Trading Commission (CFTC), which regulates the U.S. bitcoin and ether derivatives markets, plans to develop a digital asset innovation blueprint by 2024. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of […]
The Chinese equivalent of Uber will pilot the nation’s digital yuan, a major Ethereum alliance is moving to support DeFi as Nexo gets ready to enter the prime brokerage space with help from Chainlink. Here’s the story: FOMOTikTok videos and a fomenting sense of FOMO have driven trading volumes of […]
DiDi, the Chinese equivalent of Uber, is forming a task force to design and implement a trial of China’s central bank digital currency (CBDC) on its transportation platform. A spokesperson of the Chinese ride-hailing mobile service told CoinDesk in an email response that it has entered into a strategic partnership […]
The Financial Action Task Force (FATF), a global money laundering and terrorist financing watchdog, said it would prioritize strengthening its anti-money laundering and counter-terrorist financing efforts through digital transformation as new leadership gets under way. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the […]
In this audio interview, CoinDesk’s Leigh Cuen and Blockade Games co-founder Marguerite deCourcelle talk about bitcoin’s impact on artistic careers. From collecting unique, interactive pieces to designing video games, Cuen and deCourcelle explore how crypto could redefine modern art. For more episodes and free early access before our regular 3 p.m. Eastern […]
Not every U.S. lawmaker is on board with the idea of a central bank digital currency (CBDC) or digital dollar, but no one explicitly rejected it during a hearing of the powerful Senate Banking Committee Tuesday. That’s probably the biggest takeaway from Tuesday’s hearing, where the panel heard from former […]
The idea of a “digital dollar” will once again rear its head before the U.S. Congress on Tuesday. The U.S. Senate Committee on Banking, Housing and Urban Affairs will hold a hearing on “The Digitization of Money and Payments,” and while few details have been released, the witnesses – former […]