Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,214,148,857,169.23
  • 24h Vol: $105,443,304,558.92
  • BTC Dominance: 56.01%

CBDC

saudi-central-bank-says-ongoing-cbdc-experiment-focused-on-domestic-wholesale-use-cases

Saudi Central Bank Says Ongoing CBDC Experiment Focused on Domestic Wholesale Use Cases

Leave a Comment / Bitcoin, CBDC, CBDC risk, CBDCs risks, Crypto Hacked, Cryptocurrency, Ethereum, financial innovation, Fintech, Mohammed Al-Jadaan, Privacy, Saudi Central Bank (SAMA) / / / , , , , , , ,

Saudi Arabia’s central bank digital currency (CBDC) experiment, which is being carried out in conjunction with local banks and fintechs, is presently focused on domestic wholesale uses cases, the central bank has said. Meanwhile, the Saudi Minister of Finance has said CBDCs can be a “fantastic tool” which can be used by developing countries as […]

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nigerian-banks-still-distributing-old-naira-banknotes-as-demonetization-date-approaches

Nigerian Banks Still Distributing Old Naira Banknotes as Demonetization Date Approaches

Leave a Comment / Africa, Bitcoin, CBDC, Central Bank of Nigeria (CBN), Crypto Hacked, Cryptocurrency, demonetize, demonitize, Ethereum, financial inclusion, Nigeria Governors’ Forum (NGF) / / / , , , , , ,

With just a few days left before old Nigerian naira banknotes are removed from circulation, some banks have accused the Central Bank of Nigeria of failing to distribute enough new banknotes. Despite growing pressure for it to extend the period for returning the old notes, the central bank insists the Jan. 31 deadline still stands.

Nigerian Banks Still Distributing Old Naira Banknotes as Demonetization Date Approaches Read More »

china-backed-blockchain-project-proposes-swift-alternative-for-stablecoins-and-cbdcs

China-backed Blockchain Project Proposes SWIFT Alternative for Stablecoins and CBDCs

Leave a Comment / Alternative, Bank, banks, Bitcoin, Blockchain, Blockchain Project, CBDC, CBDCs, China, chinese, CIPs, cross border, Crypto Hacked, Cryptocurrency, Digital Currencies, Ethereum, Finance, foreign trade, Interbank, international, Payments, Red Date, Settlements, SPFS, Stablecoins, Swift / / / , , , , , , , , , , , , , , , , , , , , ,

The company developing China’s blockchain network wants to create a system for international settlements with stablecoins and state-issued digital currencies. The plan is to establish a platform facilitating the use of these two fiat-based digital assets in foreign trade. Company Behind China’s Blockchain Push Aims to Make Stablecoins and State Coins Interoperable Hong Kong-based Red

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davos-2023:-cbdcs-are-the-future-of-central-bank-money-but-they-are-still-not-ready

Davos 2023: CBDCs Are the Future of Central Bank Money but They Are Still Not Ready

Leave a Comment / Amir Yaron, bank of israel, Bitcoin, CBDC, central banks digital currencies, Crypto Hacked, Cryptocurrency, Davos, Ethereum, Fintech, julio velarde, Lesetja Kganyago, South African Reserve Bank, WEF, World Economic Forum / / / , , , , , , , , , ,

A World Economic Forum (WEF) panel comprised of central bankers and global tech providers has profiled central bank digital currencies (CBDCs) as the future of central bank money, presenting them as one of the solutions for limitations in the payments sector today. However, they have also stated these present several limitations still to be addressed.

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davos-2023:-banking-panel-reinforces-the-need-for-crypto-regulation

Davos 2023: Banking Panel Reinforces the Need for Crypto Regulation

Leave a Comment / Bank of France, banking in the eye of the storm, Basel, basel committee, Bitcoin, CBDC, Crypto Hacked, Cryptocurrency, davos 2023, Ethereum, François Villeroy de Galhau, News, panel, Payments, Singapore, Tharman Shanmugaratnam, WEF / / / , , , , , , , , , , , , ,

A group of global banking experts hosted by the World Economic Forum (WEF) convened about the need for global crypto regulation, including stablecoins and unbacked crypto assets. The panel agreed there must be at least some kind of base regulation for these assets and bank-equivalent regulation for blockchain applications seeking to offer products similar to

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eurozone-finance-ministers-pledge-support-for-digital-euro-project,-talk-privacy

Eurozone Finance Ministers Pledge Support for Digital Euro Project, Talk Privacy

Leave a Comment / Bitcoin, CBDC, Crypto Hacked, Cryptocurrency, Digital Currency, digital euro, ECB, Ethereum, EU, EU Council, Euro, euro area, Eurogroup, Europe, european, european commission, European Parliament, Eurozone, Finance, finance ministers, meeting, ministers, project, statements, support / / / , , , , , , , , , , , , , , , , , , , ,

The ministers of finance of the countries in the eurozone reaffirmed their support for efforts to prepare for the potential launch of a digital euro. Meanwhile, the single currency area’s monetary authority sought to reassure future users that the new currency will be “preserving privacy by default and by design.” Eurogroup to Remain Involved in

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shanghai-metaverse-pilot-introduces-digital-services-in-20-urban-locations

Shanghai Metaverse Pilot Introduces Digital Services in 20 Urban Locations

Leave a Comment / Bitcoin, CBDC, China, Crypto Hacked, Cryptocurrency, Digital Yuan, Ethereum, Guo Yifeng, Metaverse, Oriental Pearl Tower, Shanghai, Shanghai municipal commission of economy and informatization, urban spots / / / , , , , , , , ,

The city of Shanghai is bringing metaverse activities to 20 urban locations, that will allow citizens to use digital tools in different ways according to the area. The initiative is part of a pilot program of the Shanghai Municipal Commission of Economy and Informatization to push more metaverse applications to the population. Shanghai Takes the

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iran-and-russia-consider-issuing-gold-backed-stablecoin,-officials-unveil

Iran and Russia Consider Issuing Gold-Backed Stablecoin, Officials Unveil

Leave a Comment / Bitcoin, CBDC, COIN, Crypto, Crypto Hacked, crypto payments, Cryptocurrencies, Cryptocurrency, digital coin, Digital Currency, Digital Token, Ethereum, Finance, foreign trade, gold, gold-backed, international settlements, Iran, Iranian, Russia, russian, Stablecoin, Token, trade / / / , , , , , , , , , , , , , , , , , , , ,

Tehran and Moscow are discussing the possible launch of a stablecoin for international settlements, the Russian press revealed. In order to mint the gold-backed currency, however, authorities would need to first regulate crypto assets, a lawmaker noted. Russian, Iranian Representatives Talk Using Gold-Backed Stablecoin in Foreign Trade Iran’s central bank is considering the possibility of

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tanzanian-central-bank-adopts-‘phased-and-risk-based-approach-to-adoption-of-cbdc’

Tanzanian Central Bank Adopts ‘Phased and Risk-Based Approach to Adoption of CBDC’

Leave a Comment / Africa, Bank of Tanzania, Bitcoin, CBDC, CBDC adoption, CBDC anonymity, central bank digital currency, Crypto Hacked, Cryptocurrency, Ethereum, Tanzanian shillings / / / , , , , , , ,

After months of research, the Tanzanian central bank announced recently that it had chosen a more cautious and risk-based approach towards the adoption of its central bank digital currency (CBDC). During the research phase, the central bank said it paid particular attention “to risks and controls associated with issuance, distribution, counterfeit and usage of currencies.”

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georgia-prepares-to-launch-digital-lari-pilot-in-first-half-of-2023

Georgia Prepares to Launch Digital Lari Pilot in First Half of 2023

Leave a Comment / Bitcoin, CBDC, Central Bank, Crypto, Crypto Hacked, Cryptocurrencies, Cryptocurrency, Digital Currency, digital lari, document, Ethereum, Finance, Georgia, Georgian, National Bank of Georgia, NBG, paper, pilot, project, Testing, tests, trials, Whitepaper / / / , , , , , , , , , , , , , , , , , , ,

The central bank of Georgia intends to publish a document detailing the concept of a national digital currency in the coming months. Other participating parties will use it to finalize their proposals for the pilot which the monetary authority plans to initiate in the first half of the year. Financial Authorities in Georgia Gear Up

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