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China
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China
News

Breaking: Chinese Central Bank Releases White Paper For Digital Yuan (e-CNY)

People’s Bank of China (PBOC), the Chinese central bank today released the white paper for its upcoming digital CNY (DCEP). The central bank also gave an official English name to the digital fiat called e-CNY. China has been at the forefront of CBDC development, having started research and development for the same as early as

People’s Bank of China (PBOC), the Chinese central bank today released the white paper for its upcoming digital CNY (DCEP). The central bank also gave an official English name to the digital fiat called e-CNY. China has been at the forefront of CBDC development, having started research and development for the same as early as

News
News

Breaking: ECB Approves “Investigation Phase” For CBDC Research and Development

The European Central Bank (ECB) has announced a major step towards the launch of its sovereign digital currency goals by approving an investigation phase. The investigation phase would be 2 years long and focus on researching various aspects of a central bank-issued digital currency. “We have decided to launch a project to prepare for possibly

The European Central Bank (ECB) has announced a major step towards the launch of its sovereign digital currency goals by approving an investigation phase. The investigation phase would be 2 years long and focus on researching various aspects of a central bank-issued digital currency. “We have decided to launch a project to prepare for possibly

Blockchain News
Blockchain News

Caitlin Long Says Fed’s New Payment Guidelines Would be an Indirect Crackdown on Crypto

The comment period for Federal Reserves’ newly proposed payment and account access guidelines came to an end today. This new regulation is very critical for the crypto ecosystem as per Caitlin Long, founder, and CEO of Avanti crypto bank. 1/ THREAD ABT REGULATORY NEWS in #crypto, which I’ve been chronicling on twitter since April. Seems

The comment period for Federal Reserves’ newly proposed payment and account access guidelines came to an end today. This new regulation is very critical for the crypto ecosystem as per Caitlin Long, founder, and CEO of Avanti crypto bank. 1/ THREAD ABT REGULATORY NEWS in #crypto, which I’ve been chronicling on twitter since April. Seems

News
News

Just-In: UAE Central Bank Sets CBDC Strategy Deadline

UAE Central Bank (UAECB) has announced its strategic objectives for 2023-2026, with their new and enhanced Digital Strategy that would include the much-awaited and grand launch of Central Bank Digital Currency (CBDC). UAE Central Bank has been discussing its interest in CBDC for a while now, and the 2023-2026 Strategy has provided a definite timeline

UAE Central Bank (UAECB) has announced its strategic objectives for 2023-2026, with their new and enhanced Digital Strategy that would include the much-awaited and grand launch of Central Bank Digital Currency (CBDC). UAE Central Bank has been discussing its interest in CBDC for a while now, and the 2023-2026 Strategy has provided a definite timeline

China
News
China
News

Just-In: China Expands Digital Yuan Trials to 10 Million ‘Whitelist’ Users

China is currently aggressively testing its CBDC called digital yuan across multiple provinces in the country. It is all set to expand the trials to over 10 million new eligible users in the coming days as per the Chinese Central Bank deputy governor. Fan Yifei, the deputy governor during his recent address said that people willing

China is currently aggressively testing its CBDC called digital yuan across multiple provinces in the country. It is all set to expand the trials to over 10 million new eligible users in the coming days as per the Chinese Central Bank deputy governor. Fan Yifei, the deputy governor during his recent address said that people willing

Bitcoin News
Bitcoin News

Chinese crypto crackdown may extend to Stablecoin after butchering Bitcoin

Fan Yifei, Deputy Governor of the People’s Bank of China mentioned the speculative nature of both Bitcoin (BTC) and Stablecoins, at the State Council policy briefing this morning. He said bitcoin and stablecoins are a potential threat to the state’s financial security and social stability, as the decentralized digital currency has become a gateway to

Fan Yifei, Deputy Governor of the People’s Bank of China mentioned the speculative nature of both Bitcoin (BTC) and Stablecoins, at the State Council policy briefing this morning. He said bitcoin and stablecoins are a potential threat to the state’s financial security and social stability, as the decentralized digital currency has become a gateway to

tether
Bitcoin News
tether
Bitcoin News

Tether’s (USDT) Unsecured USD Holdings Can Result to Liquidity Shocks Beyond Crypto Market

Tether (USDT), the world’s third-largest cryptocurrency by market cap and USD-backed stablecoin is once again in the limelight and controversy. This time it’s the economists and officials from the U.S. Federal Reserve who have raised serious concerns over Tether’s operations. Investors are concerned that any loss of confidence in Tether (USDT) can lead to a

Tether (USDT), the world’s third-largest cryptocurrency by market cap and USD-backed stablecoin is once again in the limelight and controversy. This time it’s the economists and officials from the U.S. Federal Reserve who have raised serious concerns over Tether’s operations. Investors are concerned that any loss of confidence in Tether (USDT) can lead to a

News
News

Japan to Finalize Digital Yen Plans by 2022

Japan will have more clarity on its CBDC product digital Yen, by the end of next year. According to a lawmaker who is overseeing the ruling party’s digital currency plan, the CBDC development may potentially be the beginning of a turf war between traditional lenders and online platform operators. Bank of Japan will be moving

Japan will have more clarity on its CBDC product digital Yen, by the end of next year. According to a lawmaker who is overseeing the ruling party’s digital currency plan, the CBDC development may potentially be the beginning of a turf war between traditional lenders and online platform operators. Bank of Japan will be moving

Altcoin News
Altcoin News

Just-In: Israeli Central Bank to Use Ethereum Tech For its CBDC Pilot

Bank of Israel, the Israeli Central Bank today announced they would use Ethereum blockchain technology for its CBDC pilot program, as reported by Bloomberg. The first trial for digital Shekel will be an internal pilot run as per the country’s financial daily Globes. The deputy governor of the Israeli central bank Andrew Abir said that

Bank of Israel, the Israeli Central Bank today announced they would use Ethereum blockchain technology for its CBDC pilot program, as reported by Bloomberg. The first trial for digital Shekel will be an internal pilot run as per the country’s financial daily Globes. The deputy governor of the Israeli central bank Andrew Abir said that

News
News

USDT Exchange Inflows Reach 5-Month Low, Is Market Gearing Up for Another Dip?

The crypto market is currently in a consolidation phase as bearish sentiments are dominant ever since last month’s market correction. Over the past 24-hours, the crypto market has lost 4% of its market cap which dipped below $1.5 trillion for a brief period. Key on-chain metrics and market indicators suggest the crypto market is going

The crypto market is currently in a consolidation phase as bearish sentiments are dominant ever since last month’s market correction. Over the past 24-hours, the crypto market has lost 4% of its market cap which dipped below $1.5 trillion for a brief period. Key on-chain metrics and market indicators suggest the crypto market is going

News
News

Breaking: France and Switzerland Launch Cross-Border CBDC Trials

The central banks of France and Switzerland have joined hands to launch the cross-border commercial trials for CBDC. Both central banks have partnered with several commercial banks including UBS Group AG, Credit Suisse Group AG, Accenture Plc, and Natixis SA to test the central bank digital currencies. The collaborative effort was launched under the innovation

The central banks of France and Switzerland have joined hands to launch the cross-border commercial trials for CBDC. Both central banks have partnered with several commercial banks including UBS Group AG, Credit Suisse Group AG, Accenture Plc, and Natixis SA to test the central bank digital currencies. The collaborative effort was launched under the innovation

News
News

Shanghai to Airdrop Millions in Digital Yuan

The Chinese city of Shanghai would airdrop 19.25 million digital yuan equivalent to USD 3 million via a lottery system as per the Information Office of Shanghai Municipality. The Chinese CBDC is currently being tested across the country at various levels after its development was completed in 2019.  A total of 350,000 digital red envelopes,

The Chinese city of Shanghai would airdrop 19.25 million digital yuan equivalent to USD 3 million via a lottery system as per the Information Office of Shanghai Municipality. The Chinese CBDC is currently being tested across the country at various levels after its development was completed in 2019.  A total of 350,000 digital red envelopes,

bitcoin-japan-stablecoin
News
bitcoin-japan-stablecoin
News

Derivative Exchanges See $1.69B Stablecoin Outflow, Are Whales Moving to OTC Desks?

Derivative exchanges registered a massive outflow of $1.69 billion in stablecoin in a rare occurrence. A net outflow of such high magnitude is often seen as a bearish signal as analysts believe traders relocate their stablecoins in anticipation of a possible market correction. Traders often go for high leverage trade during bull runs and data

Derivative exchanges registered a massive outflow of $1.69 billion in stablecoin in a rare occurrence. A net outflow of such high magnitude is often seen as a bearish signal as analysts believe traders relocate their stablecoins in anticipation of a possible market correction. Traders often go for high leverage trade during bull runs and data

BTC-USDT-Issuance
Bitcoin News
BTC-USDT-Issuance
Bitcoin News

Is Tether FUD Next, after China Bitcoin Ban and Bitcoin Mining Energy FUD?

The Bitcoin bull market this season is currently undergoing through ‘FUD-Phase’ where a series of FUDs have hit the market one after the other, many of which has already been debunked. After Bitcoin mining energy consumption FUD and China Bitcoin ban, it seems the long-running Tether FUD can make an entry. Jim Cramer, the founder

The Bitcoin bull market this season is currently undergoing through ‘FUD-Phase’ where a series of FUDs have hit the market one after the other, many of which has already been debunked. After Bitcoin mining energy consumption FUD and China Bitcoin ban, it seems the long-running Tether FUD can make an entry. Jim Cramer, the founder

Russia Central Bank
News
Russia Central Bank
News

Russia Set to Start Digital Rouble Trials From 2022

The Russian Central Bank today announced the trials of National CBDC or Digital Rouble from 2022. The announcement was made by the head of the central bank Elvira Nabiullina, This comes as the second major news from Russia today after the State Duma approved crypto as a form of payment under a contractual basis. RUSSIA'S

The Russian Central Bank today announced the trials of National CBDC or Digital Rouble from 2022. The announcement was made by the head of the central bank Elvira Nabiullina, This comes as the second major news from Russia today after the State Duma approved crypto as a form of payment under a contractual basis. RUSSIA'S

News
News

Facebook’s Diem Enters Crypto Space With Diem USD Stablecoin

There’s always a light at the end of the tunnel and so it has been for the Facebook Diem project, formerly Libra! On Wednesday, May 12, Facebook’s digital currency group Diem Association announced the launch of its USD-pegged stablecoin dubbed Diem USD. After going back and forth, facing major regulatory walls, making multiple tweaks. Facebook

There’s always a light at the end of the tunnel and so it has been for the Facebook Diem project, formerly Libra! On Wednesday, May 12, Facebook’s digital currency group Diem Association announced the launch of its USD-pegged stablecoin dubbed Diem USD. After going back and forth, facing major regulatory walls, making multiple tweaks. Facebook

proof-of-concept
News
proof-of-concept
News

Bank of England And HM Treasury Announce Taskforce to Launch “UK CBDC”

The Bank of England and HM Treasury in a joint statement announced the launch of a CBDC task force that would be responsible for exploring different potential use cases for a “UK CBDC.” Central Bank Digital Currency (CBDC) has become a priority for many countries in the wake of the rising popularity of digital assets

The Bank of England and HM Treasury in a joint statement announced the launch of a CBDC task force that would be responsible for exploring different potential use cases for a “UK CBDC.” Central Bank Digital Currency (CBDC) has become a priority for many countries in the wake of the rising popularity of digital assets

PBOC
Bitcoin News
PBOC
Bitcoin News

Bitcoin Price Surge Behind Rising Interest in Digital Yuan: PBOC

People Bank of China, the Chinese Central Bank believes the rising price of bitcoin has contributed to the growing interest in Chinese sovereign CBDC called digital yuan. The statement took many by surprise partly because cryptocurrencies are banned in China for almost 4 years now. Wang Xin, PBOC research bureau director, “On one hand, this

People Bank of China, the Chinese Central Bank believes the rising price of bitcoin has contributed to the growing interest in Chinese sovereign CBDC called digital yuan. The statement took many by surprise partly because cryptocurrencies are banned in China for almost 4 years now. Wang Xin, PBOC research bureau director, “On one hand, this

Tether
News
Tether
News

Tether Offers Transparency Report to Prove Its Reserves Are Fully Backed

Tether, the USDT stablecoin issuer has presented its first transparency report for its USDT supply and fully backed reserves in the form of assurance opinion from Moore Cayman. As a stablecoin issuer, the circulating supply of USDT must be backed by an equivalent amount of USD in reserves, however, Tether has often been marred into

Tether, the USDT stablecoin issuer has presented its first transparency report for its USDT supply and fully backed reserves in the form of assurance opinion from Moore Cayman. As a stablecoin issuer, the circulating supply of USDT must be backed by an equivalent amount of USD in reserves, however, Tether has often been marred into

bitcoin market manipulation lawsuit
News
bitcoin market manipulation lawsuit
News

Bitfinex and Tether Settles Dispute With NYAG With $18.5 Million Penalty; Gets Barred From New York

iFinex owned Bitfinex and Tether finally settled with New York Attorney General Office (NYAG) today after nearly a 2-year long court battle. NYAG has accused Bitfinex of misappropriating $850 million worth of funds and trying to cover it via borrowing from Tether. Tether & @Bitfinex have reached a settlement with @NewYorkStateAG. After 2.5 years and

iFinex owned Bitfinex and Tether finally settled with New York Attorney General Office (NYAG) today after nearly a 2-year long court battle. NYAG has accused Bitfinex of misappropriating $850 million worth of funds and trying to cover it via borrowing from Tether. Tether & @Bitfinex have reached a settlement with @NewYorkStateAG. After 2.5 years and