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
Collectors will now have to seek out Damien Hirst’s NFTs on secondary markets after the drop was oversubscribed by more than six times.
Damien Hirst’s ‘Currency’ NFT drop more than 6x oversubscribed
Brian Quarmby
2021-07-22T05:19:29+01:00
7523
News
ConsenSys, a major Ethereum software company, will also contribute its technology to South Korean CBDC simulations led by Ground X.
Bank of Korea selects Kakao’s blockchain arm for digital won tests
Helen Partz
2021-07-20T12:03:30+01:00
5702
News
Three senators urged the Olympic committee to work with federal agencies "to protect the privacy of American athletes from the Chinese Communist Government."
US lawmakers don't want Olympic athletes to use digital yuan at 2022 games
Turner Wright
2021-07-19T21:46:56+01:00
3552
News
Coin Cloud chose Spike Lee to direct a crypto commercial specifically for his experience in exploring social issues, and the firm noted they wanted to “spark im...
First look: Spike Lee's TV ad for crypto touts it as new money for a diverse world
Brian Quarmby
2021-07-15T01:55:40+01:00
4836
News
The underlying architecture of the digital euro will be designed to have a negligible environmental footprint compared to Bitcoin and other crypto-assets.
ECB is looking to design a digital euro more energy-efficient than Bitcoin
Arijit Sarkar
2021-07-14T18:03:33+01:00
2392
News
The Bank of Korea plans to select an operator to run a blockchain-based CBDC pilot next month that will test a digital won in various use cases.
South Korean internet giants bid for central bank digital currency pilot
Helen Partz
2021-07-12T13:32:05+01:00
5546
News
"There is also no doubt in our mind that a major central bank will soon launch a digital currency and we expect this to happen within the next three years," sai...
Pandemic has accelerated the rollout of CBDCs by 5 years, says blockchain firm
Turner Wright
2021-07-09T17:05:00+01:00
6216
News
The central banks of France and Singapore are working on a digital currency interoperability system supporting multiple global CBDCs.
France and Singapore pilot cross-border CBDC transactions
Helen Partz
2021-07-08T11:31:56+01:00
5135

Follow us on Facebook