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Ex-CFTC Chairman to Promote Blockchain-Based USD in New Think Tank

News J. Christopher Giancarlo, former chairman of the Commodity Futures Trading Commission (CFTC), plans to promote the blockchain-based United States dollar with a new think tank. Giancarlo, who earned the “Crypto Dad” moniker for advocating a “do no harm” approach to blockchain regulation, is no..

Digital Currency Manual for Chinese Officials in High Demand, Enters Second Printing

News A 200-page manual titled “Digital Currency: A Reader for Cadres” entered its second printing in January. The high demand signals interest from China’s government amid confusing regulations on cryptocurrencies. The handbook was first released in November, and includes a comprehensive set of 23..

The Problems with Fiat Currency & How It’s About to Go Digital

Even many of cryptocurrency’s harshest critics acknowledge that there are serious problems with fiat currencies. Strangely, enough the most outspoken critic of government-issued currencies; former International Monetary Fund (IMF) Chief Economist Kenneth S. Rogoff, is also a foe of cryptocurrency. ..

Though ‘Intriguing,’ Crypto Won’t Dethrone Dollar, Says IMF Economist

News Digital currencies have gained prominence over the last few years, although such options will not budge the U.S. dollar from its seat of prominence, according to chief economist International Monetary Fund (IMF) Gita Gopinath. “Improvements in payment technology may have lowered the cost of s..

China’s Central Bank Says Digital Currency Plans Are Progressing

Reports coming out of China say the country’s central bank is making progress with its plans to create a sovereign digital currency. However, the People’s Bank of China (PBOC) is yet to release any official timetable for the roll-out of the proposed digital yuan. Meanwhile, commentators continue to..

Europe Central Bank Proposes ‘Unattractive’ Rates for Digital Currency

News The European Central Bank (ECB) remains open to the idea of a digital euro equivalent but would want to stop citizens holding too much of it. That was the conclusion of a fresh working paper on so-called central bank digital currencies (CBDCs) by Ulrich Bindseil, the bank’s Director General ..

China Enacts Crypto Law in Run-Up to State Digital Currency Debut

News China has formally implemented a law governing cryptographic password management as part of its pre-release plans for its central bank digital currency (CBDC). As English-language news media outlet China Money Network reported on Jan. 1, the latest regulations have become legally binding foll..

Russia’s Central Bank Is Now Testing Real Asset-Pegged Stablecoins

News The Bank of Russia, the country’s central bank, has reportedly started testing stablecoins pegged to real assets in a regulatory sandbox. Elvira Nabiullina, Russia’s central bank head, said that the bank doesn’t assume that those stablecoins will function as a means of payment or become a sub..

Garnex Joins Expanding Pool of Asset-Supported Stablecoins with GLD Digital Currency

Garnex — an electronic payments project is the latest entrant into the expanding pool of digital currency providers looking to stable currencies. With the wild volatility swings common in cryptocurrency and the emerging trend of moving away from fiat currencies, stablecoin projects are beginning to ..

Orchid’s OXT Price Slips Over 20% After Launch for Trading on Coinbase Pro

News American blockchain and software development firm Orchid Labs has launched its privacy network alongside its native token OXT. According to a blog post on Dec. 16, Orchid’s digital currency OXT was immediately available for trading on major United States-based cryptocurrency exchange Coinbase..

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