News
Stablecorp CEO Jean Desgagne said VersaBank's digital currency was intended to provide an alternative to concerns over volatility and security in crypto markets.
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Digital Currency News
For two decades, the digital currency paradigm was a largely fringe concept championed by cryptography advocates before the launch of the cryptocurrency Bitcoin (BTC) in 2008, which heralded a new technological and social phenomenon.
While the goal of cryptocurrencies is to provide a medium for global, peer-to-peer transaction settlement that preserves privacy and financial security, digital currencies more broadly encompass any digital form of money, including the more recent trend of central bank digital currencies, or CBDCs.
Currently in development in China and other countries, these digital currencies may leverage blockchain technology for secure payments but with added capital controls and surveillance practices in stark contrast with the ethos of cryptocurrencies.
The future of digital currencies is uncertain. Will CBDCs become the dominant form of digital cash adopted by the masses, or will people opt into a more open, secure, permissionless financial system in the form of Bitcoin and the crypto economy?
- News
Tencent-backed WeBank and Ant Financial-backed MYbank will reportedly be the first private banks to join China’s digital yuan pilot.
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The Central Bank of the Bahamas partnered with Mastercard and digital payment startup Island Pay to launch a card for its central bank digital currency.
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Sweden's exploration into CBDCs will continue until 2022 as the nation's central bank seeks to construct a digital version of the krona.
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Russian wireless service providers MegaFon and Beeline proposed to link digital ruble wallets on smartphones to user's phone numbers.
6986 - News
China’s first hardware wallet for the digital yuan supports dual offline payments without an internet connection.
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An exec at the Bank for International Settlements wants central banks to helm the evolution of digital money.
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Larry Fink said he was fascinated with the media hype surrounding Bitcoin but expressed concerns about the crypto asset's volatility and market size.
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The bank still claimed that government bodies and regulators in India are both “skeptical” and “apprehensive” about crypto.
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China is building a new system to integrate international central bank digital currencies as part of its national blockchain project, the BSN.
7375 - New Year Special
Cryptocurrency may seem like the perfect holiday gift this year, but education is key when deciding how to gift digital assets.
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The numbers come following the Suzhou municipal government giving away roughly $3 million in a digital yuan lottery for residents.
13156 - News
Sweden is examining the risks and consequences of moving its economy to its e-krona digital currency.
8634 - Analysis
Cryptocurrency platforms perform audits to ensure transparency, but it’s not a golden solution to solve all potential trust and security issues.
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Executives from Facebook’s ‘Diem’ Association, Circle, Soramitsu, and Coinbase discussed how and when digital currencies will go mainstream, at the Singapore Fintech Festival.
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