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
Stablecorp CEO Jean Desgagne said VersaBank's digital currency was intended to provide an alternative to concerns over volatility and security in crypto markets...
Canadian bank plans to launch dollar-backed digital currency 'in the coming months'
Turner Wright
2021-02-24T16:36:56+00:00
25511
News
Tencent-backed WeBank and Ant Financial-backed MYbank will reportedly be the first private banks to join China’s digital yuan pilot.
Ant-backed MYbank to help China expand digital yuan trial
Helen Partz
2021-02-22T12:50:14+00:00
10826
News
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.
The Bahamas gets a card for its sand dollar national digital currency
Helen Partz
2021-02-17T14:12:46+00:00
8747
News
Sweden's exploration into CBDCs will continue until 2022 as the nation's central bank seeks to construct a digital version of the krona.
Sweden extends digital krona digital currency pilot until 2022
Greg Thomson
2021-02-17T11:50:27+00:00
15312
News
Russian wireless service providers MegaFon and Beeline proposed to link digital ruble wallets on smartphones to user's phone numbers.
Russian mobile carriers consider smartphone integration for digital ruble
Helen Partz
2021-02-16T09:43:36+00:00
6970
News
China’s first hardware wallet for the digital yuan supports dual offline payments without an internet connection.
Hardware wallet for digital yuan debuts in Xiong’an New Area
Helen Partz
2021-02-08T08:32:10+00:00
8776
News
An exec at the Bank for International Settlements wants central banks to helm the evolution of digital money.
Central banks must play ‘pivotal role’ in digital money, says BIS exec
Osato Avan-Nomayo
2021-01-28T11:02:20+00:00
3295
News
Larry Fink said he was fascinated with the media hype surrounding Bitcoin but expressed concerns about the crypto asset's volatility and market size.
Blackrock CEO calls Bitcoin an untested asset in a 'very small market'
Turner Wright
2021-01-27T17:25:00+00:00
9509

Follow us on Facebook