8 / 14 Relevant items tagged with #DigitalCurrency
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Bitcoin Fee Shock: Network Charges Double Amidst Excitement Of $70,000 BTC
[Mar 11, 2024 1:20 AM] Bitcoin transaction fees have experienced an unprecedented surge, doubling in just one week, as the market rallies towards the coveted $70,000 mark. This surge cannot be solely attributed to the upward trajectory of Bitcoin’s price but is…
Nigerian Central Bank, Real-World Asset Firm Partner to Revive Struggling CBDC
[Mar 9, 2024 3:30 AM] Gluwa, a platform for real-world assets, announced on March 7 its partnership with the Central Bank of Nigeria. The partnership arrangement aims to improve the functionality of the Nigerian central bank’s digital currency and promote financial…
Goldman Sachs Reevaluates Coinbase, Eyes Neutral Stance Amid Crypto Surge
[Mar 8, 2024 11:00 AM] In a significant shift, Goldman Sachs has upgraded its rating on Coinbase shares from selling to neutral, citing a surge in crypto prices and record-breaking daily volumes. The adjustment to a $282 price target reflects the bank’s…
Bitcoin Poised To Reclaim $64K, Now Back Halfway To $63,000 – New ATH Coming For March?
[Feb 28, 2024 10:59 PM] In a blazing start to March, the feverish activity of Bitcoin has set it up for its largest monthly increase in almost three years early Thursday. Money pouring into listed bitcoin funds is fueling a huge gain, and bitcoin is now just a…
Digital Euro Association Partners With HBAR Foundation to Boost Understanding of CBDCs and Stablecoins
[Feb 28, 2024 6:30 AM] The Digital Euro Association (DEA) has entered into a partnership with the HBAR Foundation. This collaboration aims to bolster its comprehension of central bank digital currencies (CBDCs) and stablecoins. Although this partnership marks a…
Bull Run Returns? Bitcoin Breaks Through $57,000 Barrier
[Feb 27, 2024 12:00 AM] In a not-so unexpected turn of events, Bitcoin (BTC) has surged to new heights, breaking the $57,000 barrier during the early hours of Tuesday in the Asian market. This price level, not seen since November 2021, marks a significant resurgence for…
Bitcoin Wallets Bleed: 730K Investors Exit Despite Record $7 Billion ETF Inflows
[Feb 23, 2024 12:35 AM] The long-awaited arrival of spot Bitcoin ETFs has ignited a gold rush in the crypto world, attracting both newcomers and seasoned investors. While these new investment vehicles offer a convenient and accessible way to gain exposure to Bitcoin…
Green Bitcoin: Sustainable Energy Usage Surges To Record 55% High
[Feb 22, 2024 9:00 AM] Bitcoin, the enigmatic cryptocurrency known for its volatile price swings and digital gold status, is making a surprising play for a new title: sustainability champion. A recent analysis by Bitcoin environmental impact expert Daniel Batten reveals…
Ethereum Inches Closer To $3,000 – Will February Deliver A $4,000 Knockout?
[Feb 16, 2024 1:30 AM] Ethereum (ETH), the global runner-up in the cryptocurrency ring, is making serious moves this week, stepping closer to the coveted $3,000 mark. Could this be the opening bell for a February knockout, sending it soaring towards a staggering $4,000…
Leading Privacy Crypto Monero Bounces Back: XMR Surges 25%, Defying Delisting Woes
[Feb 7, 2024 4:30 PM] After the leading privacy crypto token monero experienced a substantial 32% price decline on Tuesday, the coin’s value swiftly saw recovery the next day, surging by 25% within the last 24 hours. Binance, Kraken, and Kucoin are witnessing…
Monero’s Market Plummets 32% as Binance Announces Delisting, Sparking XMR’s Turbulence
[Feb 6, 2024 12:32 PM] The leading privacy-focused cryptocurrency by market valuation, monero, experienced a sharp 32% decline within the last day after news broke that Binance intends to remove the coin from its platform. Citing non-compliance with its listing criteria…
Atlantic Council: Belief That Dollar Does Not Need to Innovate Is a ‘Miscalculation’
[Jan 29, 2024 1:00 AM] The U.S. Federal Reserve is lagging behind its peers like the Bank of China in terms of the resources and manpower dedicated to developing a central bank digital currency. According to a blog post, the belief that the dollar does not need to…
Report: Egypt Wants to Have a Functioning CBDC by 2030
[Jan 16, 2024 2:00 AM] Egypt reportedly aims to launch a central bank digital currency by 2030 to boost the competitiveness of its national currency. According to an Egyptian economic expert, a digital currency issued by the central bank is more secure than privately…
Nigerian Stablecoin Consortium Seeks Central Bank Approval After Making a U-Turn on Stablecoin Launch
[Jan 11, 2024 6:30 AM] The Nigerian stablecoin consortium has said it will not be launching a stablecoin in late February as previously advised. Instead, the consortium, which is comprised of banks and fintech startups, said it plans to launch the stablecoin only after…
Consortium of Nigerian Banks and Fintechs Cleared to Pilot Stablecoin
[Jan 7, 2024 4:30 AM] The Nigerian central bank has given its go-ahead for the Africa Stablecoin Consortium (ASC) to pilot its cNGN stablecoin initiative in the financial regulator’s regulatory sandbox. The ASC asserts that the cNGN stablecoin can prove to be…
41% of Central Banks Expect to Have Operational CBDCs by 2028 — Study
[Dec 26, 2023 6:30 AM] Some 41% of central banks that participated in the Official Monetary and Financial Institutions Forum (OMFIF) study said they expect to have an operational central bank digital currency (CBDC) by 2028. The survey found that the sentiment towards…
Report: Bank of Korea Chief Says Growing Use of Stablecoins Threatens Central Bank Operations
[Dec 19, 2023 4:30 AM] The Bank of Korea governor Rhee Chang-yong recently stated that the growing stablecoin use threatens the operations of central banks. The possible involvement of global networks like Visa and Mastercard in the stablecoin business will likely…
Uptick in Token Generation Events Signals Market Shift
[Dec 14, 2023 2:00 AM] The behavior of the cryptocurrency market has changed, with a newfound interest in Token Generation Events (TGEs) and rapid listings, pointing to a potentially revitalized crypto market and an influx of new projects. Crypto Market Shifts Gears With…
Cambodian digital currency bakong amps up use case with Alipay agreement
[Nov 20, 2023 3:47 PM] The CBDC-like bakong provides digital payment services in riel and the U.S. dollar. It has been steadily extending its regional scope.
Global securities body IOSCO unveils crypto regulatory framework proposals
[Nov 17, 2023 3:38 AM] According to the report, these expectations can be addressed by applying existing rules or creating new ones, depending on the jurisdiction.
German parliament member ’staunch opponent’ of digital euro, all in on Bitcoin
[Nov 16, 2023 7:55 AM] European Union lawmakers anticipate the arrival of the digital euro, but German politician Joana Cotar is pushing back against the currency and fighting in favor of Bitcoin.
If Your Bitcoin Wallet Is A Product Of The 2016 Technology, You Could Be In Trouble – Here’s Why
[Nov 15, 2023 12:00 PM] Is your Bitcoin wallet shackled by the outdated chains of 2016 technology? Brace yourself, for trouble may be lurking in the shadows, ready to pounce on the unsuspecting. In the fast-paced realm of cryptocurrency, your digital fortress could be…
JPM Coin Poised For $10 Billion Daily Transaction Boom, JPMorgan Reports
[Nov 15, 2023 1:26 AM] JPMorgan Chase & Co. anticipates that its digital currency, JPM Coin, will facilitate daily transactions amounting to $10 billion in the coming year. Umar Farooq, the Global Head of Financial Institution Payments at the bank, revealed this…
Turkey aims to shed FATF gray list status with new crypto regulations
[Nov 1, 2023 2:51 AM] Finance Minister Simsek reportedly stated that the sole outstanding technical compliance matter is crypto assets.
Data Protection Bodies Call For ‘Privacy Threshold’ in Digital Euro Transactions
[Oct 21, 2023 3:30 PM] Ensuring low-value digital euro transactions are not traced is one of the recommendations made by two data protection agencies in the EU. The independent bodies have presented their joint opinion on the proposed regulation for the upcoming digital…
ECB officials move to 'preparation phase' for digital euro
[Oct 18, 2023 1:59 PM] Though the issuance of a digital euro is not a certainty, officials with the European Central Bank are moving to next phase of the project.
South Korean regulator outlines steps to enhance digital asset legislation
[Oct 17, 2023 2:30 PM] The Virtual Asset Users Protection Act was passed in June without a sufficient regulatory framework, the head of South Korea’s Financial Supervisory Service said.
China Opens Digital Yuan Park in Shenzhen
[Oct 13, 2023 4:30 PM] Shenzhen has become home to an industrial park established to promote China’s central bank digital currency (CBDC). Several financial companies are already settling there, the Chinese megacity announced while unveiling almost a dozen initiatives to…
Nigerian Central Bank Refutes Media Reports Suggesting Its CBDC Poses a Threat to Financial Stability
[Oct 11, 2023 1:00 AM] The Nigerian central bank has disputed media reports suggesting its Sept. 11, 2023 document implies that its e-naira currency poses a threat to financial stability. The central bank said it felt compelled “to clarify the reports to ensure…