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US Federal Reserve Exploring Digital Dollar and Its Effect on Monetary System

News The United States Federal Reserve System is exploring the development of a central bank digital currency (CBDC) and what issues and risks it could potentially pose. Federal Reserve Board Chairman Jerome Powell provided a response to U.S. Representatives French Hill and Bill Fosters’ request o..

Deutsche Boerse, Swisscom Settle Securities with Corda and Hyperledger

News German securities marketplace Deutsche Boerse and Swiss state-run telecom Swisscom have settled securities transactions using different blockchain protocols. In a joint proof-of-concept (PoC) involving a number of banks, the participants exchanged money in the form of cash tokens against toke..

Iran Central Bank Branch Set on Fire, Crypto Community Follows Events

News Iranian protesters have set the building of the Central Bank of the Islamic Republic of Iran in the city located in the city of Behbahan on fire, as the cryptocurrency community closely follows the developments. The official twitter profile of libertarian media company BeingLibertarian publis..

‘Plan A Has Failed’ — Global Debt to Hit $255T or $12.1M per Bitcoin

News The world’s combined debt will hit $255 trillion by the end of 2019 — equal to $32,500 for each person on the planet or $12.1 million per Bitcoin (BTC). Bitcoin figures reacted with shock to the latest figures from the Institute of International Finance, which this month updated its Global De..

Bitcoin Revolution Meets Protestant Reformation, Crypto Drives Change?

Analysis A bit of historical research was making the rounds on social media recently, a monograph that compares the 21st century emergence of Bitcoin, encryption, the internet and millennials with the Protestant Reformation that shook Europe in the 16th and 17th centuries. The two events have sim..

Cryptocurrency Regulation: An Indian Perspective

Expert Take Cryptocurrencies, with a market capitalization of over $200 billion, can no longer be dismissed as just a fad. While still making up only a tiny fraction of overall global financial markets, they have matured from the ranks of fledgling startups to being leveraged by large enterprises ..

Ex-Fed Chair Greenspan: ‘No Point’ in Central Bank Digital Currencies

News Alan Greenspan, the former chair of the United States Federal Reserve (Fed), has said there’s “no point” for central banks to issue their own digital currencies. According to a CNBC report on Nov. 11, Greenspan made his comments during the annual economic outlook conference hosted by Chinese ..

HCM Capital Expects China’s Digital Currency to Launch in 2-3 Months

News Founding managing partner of HCM Capital, the private equity arm of electronics manufacturer Foxconn, Jack Lee, says China’s Central Bank Digital Currency (CBDC) is ready and expects it to launch in two to three months. During an interview with CNBC published on Nov. 11, Lee also suggested t..

Argentina Sets New Trading Record After Central Bank Bans Bitcoin Buys

News Bitcoin (BTC) trading set new records in two of its most keenly watched South American markets last week, new data has revealed. As monitoring resource Coin Dance confirmed on Nov. 10, the seven days ending Saturday saw more trading against BTC than ever before in both Venezuela and Argentina..

Singapore’s MAS, JPMorgan Unveil Multi-Currency Blockchain Prototype

News Singapore's central bank and state investment firm have created a prototype multi-currency blockchain-based payments network together with JPMorgan. A Nov. 11 report from The Business Times indicates that the prototype is designed to enable payments denominated in different currencies to..

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