DeFi News – Decentralized Finance & Crypto
Key Insights: Anatoly Aksakov, chair of Russia’s parliamentary financial committee, has declared that the role of traditional banks is expected to diminish as central bank digital currencies (CBDCs) and blockchain Continue Reading →
Key Insights: The European Central Bank (ECB) has given a nod of approval to the European Commission’s (EC) recent legislative suggestions concerning the digital euro. These proposals could place Europe Continue Reading →
Key Insights: Canada, in its distinctive stride within the digital finance realm, offers a perspective few might expect. According to a fresh report from the Bank of Canada, the majority Continue Reading →
The UK is getting closure to its objective of introducing a central bank digital currency (CBDC). Recently, it released a consultation paper elaborating on the digital pound that is going Continue Reading →
Authorities in Hong Kong are moving toward exclusive structures for a central bank digital currency (CBDC). At present, they want to launch a CBDC that would be a government-backed stablecoin. Continue Reading →
The New York-based Federal Reserve Bank’s New York Innovation Center (NYIC) as well as the Monetary Authority of Singapore (MAS) are collaborating to introduce a mutual experiment over the wholesale Continue Reading →
SWIFT, the global financial messaging system, had prepared a plan for a global CBDC network. The announcement comes after the company spent 8 months experimenting with different currencies and technologies. Continue Reading →
On Friday, the Japanese yen slid against the US dollar, after the Bank of Japan chose to stay dovish and not follow the stance of other global central banks in Continue Reading →
In an interview with Cointelegraph, Jonas Gross discussed the dangers to private banks of the digital euro and the ECB’s objectives. Next year is the target date for the ECB’s Continue Reading →
The amount of BTC whales continues dipping as the number of transactions reaches its highest value in three months. The BTC whales reportedly keep dumping digital assets as the economic Continue Reading →
Within a couple of weeks after the opening of the Digital euro initiative of the European Commission for public consultation, up to 11,000 institutions and individuals delivered their responses on Continue Reading →
More than 11,000 people and firms provided feedback on the European Commission’s “Digital Euro for the European Union” endeavor in less than two weeks since they opened it for public Continue Reading →
The Russia-Ukraine war has gradually intensified, with the Russian troops progressing rapidly to capture Ukraine’s capital, Kyiv. Following Ukraine’s invasion, the US, NATO, and the EU Commission have slammed severe Continue Reading →
Following Venezuela’s increment of the monthly minimum wage, president Nicholas Maduro announced that 50% of the wages would be pegged to the country’s cryptocurrency, Petro. In other words, the new Continue Reading →
Secrete (SCRT) started the year on a lucrative move. The need for privacy and increased regulatory chatter likely contributed to the coin’s surges. About Secrete (SCRT) Secret ensures top-notch confidentiality Continue Reading →
France has also joined the list of the countries which are planning to launch their own central bank-backed digital currencies. The French central bank over the months has assessed the Continue Reading →
The central bank of Nepal reminded citizens that trading and mining cryptocurrencies is illegal in the country. The regulator also warned the people of the Himalayan nation that participating in Continue Reading →
As the crypto-blockchain technology has continued growing larger with size, the governments are convinced that the central bank digital currencies would be a success. This is when the central bank Continue Reading →
As per the latest reports, Alberto Fernandez, the president of Argentina has shown great interest in digital assets. The president has stated that he is ready to welcome the digital Continue Reading →
The Bank of America, the second-largest U. S bank in its research said that the rising popularity of CBDCs makes them a better option than cash money. Bank of American Continue Reading →
It goes without saying that the United States and China don’t exactly get along most of the time, if at all. Whether the conflict is cultural, ideological, physical, economic, or Continue Reading →
China vowed to exercise every possible option to crack down on the illegal use of cryptocurrency within the country. The Chinese law enforcement authorities said it is necessary to move Continue Reading →
The United States plans for a national conversation on CBDC (Central Bank Digital Currency). That comes after multiple nations have experimented or launched early CBDCs versions. Why is this move Continue Reading →
