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“# New Zealand central bank releases issue paper on digital currency ” The Reserve Bank of New Zealand (RBNZ) published an issue paper providing its perspective on central bank digital currencies (CBDC). The paper outlines CBDC purposes, designs, as well as the potential benefits and associated risks. The bank will be seeking comments on the proposed…
“# Ukraine’s central bank seeks to hire a blockchain developer, job posting reveals ” The National Bank of Ukraine, the country’s chief monetary authority, has recently taken to professional social network LinkedIn to promote its blockchain developer job opening. The ad was published by the director of NBU’s IT department, Vladimir Nagornyuk. The ad goes…
“# Ethereum will replace Bitcoin as the leading crypto network, claims Polygon co-founder ” “Sooner or later, ETH will outpace Bitcoin and become the global standard”, said Polygon co-founder Sandeep Nailwal in an exclusive interview with Cointelegraph. Nailwal believes that Ethereum will eventually become “the ultimate settlement layer” for the DeFi space. Polygon will play…
“# Verifone to enable crypto payments at major retailers through BitPay ” Crypto payments are becoming increasingly popular as Bitcoin (BTC) and other digital assets continue to go mainstream. This has become the case for both crypto holders and non-crypto owners who are primarily interested in the concept of using cryptocurrencies for payments. Recent data…
“# CBDCs could cut cross border remittance costs by half: BIS report ” The Bank for International Settlements (BIS) has published a report touting the benefits of central bank digital currencies (CBDCs), especially in reducing the cost of cross-border payments. According to the report titled: “Inthanon-LionRock to mBridge: Building a multi CBDC platform for international…
“# BUSD: A case study for stablecoin compliance and security ” Stablecoins have emerged as significant players in the crypto market this year, driven by user demand for flexible liquidity in fiat currency times. These currencies are defined as a type of digital currency that can be pegged to underlying real-world assets or backed by…
“#Young crypto industry could grow, if SEC allows it to thrive” The noise surrounding the $2.2 trillion crypto industry often drowns out the reality that we are on the verge of something revolutionary. If things go right, crypto and the blockchain technology could usher in the next Internet revolution. Things are now going terribly wrong….
“# Turkish central bank taps local tech firms for digital currency R&D ” The Central Bank of the Republic of Turkey (CBRT) has made a major step forward with a research and development project that could see the Turkish lira go digital. On Sept. 15, CBRT announced the signing of memoranda of understanding with three…
“# Diem struggling to win over officials in Washington despite rebranding efforts ” Facebook’s ambitious digital currency payment project Diem is yet to get off the ground despite concerted attempts to win over financial regulators. According to The Washington Post on Friday, Diem is facing difficulties smoothening regulatory wrinkles with senior policymakers in the Biden…
“# Mastercard acquires major crypto forensics outfit CipherTrace ” Mastercard’s focus on crypto and digital currencies appears to have taken a greater dimension given the company’s recent move. According to a release on Thursday, the global payments giant has reached an agreement to acquire CipherTrace, a blockchain intelligence firm with crypto forensics capabilities for over…