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“# A nightmare on Stable Street: Centralized stablecoins may be doomed ” Over the last couple of years, we have seen a lot of interest from central banks and governments in the stablecoin market. The reason behind it lies in the development of central bank digital currencies, or CBDCs. The idea of issuing a digital…
“# You can’t talk about blockchain and not bring up CBDCs and stablecoins ” Ever since the publication of Satoshi Nakamoto’s white paper back in November 2008, “Bitcoin: A Peer-to-Peer Electronic Cash System,” the term “blockchain” has been synonymous with digital currencies in the sense of the underlying technology that allows for the transfer of…
“# ECB endangers itself by waiting around on digital euro, says ConsenSys exec ” The European Central Bank will put itself in jeopardy if it waits around a digital euro too long, according to an executive at major cryptocurrency firm ConsenSys. ConsenSys South Africa lead Monica Singer joined in at the European Blockchain Convention to discuss…
“# There will be drama, warns WEF expert on Bitcoin regulation ” Those who oversee the traditional finance sector won’t just let Bitcoin (BTC) wander off into the sunset without a fight. That’s the sentiment expressed by the World Economic Forum’s head of blockchain and digital assets, Sheila Warren, who said a “dramatic” round of…
“# European Central Bank releases results of digital euro consultation ” The European Central Bank has published the results of a public consultation on a potential digital euro as the institution inches closer to deciding whether to formally study such an initiative. According to a Wednesday announcement, the ECB received more than 8,200 responses to its public…
“# How the digital yuan stablecoin impacts crypto in China: Experts answer ” This is part one of a multipart series on blockchain and crypto in China. China has been discussing the possibilities of national digital currency for half a decade, and the Chinese digital yuan project — referred to as the Digital Currency Electronic…
“# Pakistan’s central bank is ‘carefully studying’ CBDCs, says governor ” The Governor of the State Bank of Pakistan, Reza Baqir, has indicated that the institution is carefully studying the possibilities opened by central bank digital currencies, or CBDCs. In an interview with CNN reporter Julia Chatterley on April 8, Baqir noted that countries such…
“# Can a digital pound CBDC retake London’s financial hub status post-Brexit? ” A financial think tank has suggested that Britain should adopt a digital pound in an effort to strengthen London’s status as a global trade center in the wake of Brexit. Previously the gravitational center-point of Europe’s financial sector, London saw much of…
“# Digital yuan campaign planned for contested island in the South China Sea ” South China’s Hainan Province, which administers the prefectural Sansha City on a disputed archipelago in the South China Sea, will run a two-week campaign later this month to promote the use of the digital yuan among island residents. The city, established in 2012,…
“# China using Bitcoin as ‘financial weapon’ against United States: Peter Thiel ” PayPal co-founder and venture capitalist, Peter Thiel, has warned that the Chinese central government may be supporting Bitcoin as a means to undermine the foreign and monetary policy of the United States. But, he added, it has tried to use the Euro…