Latest Posts with CBDC tag

CBDC

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Crypto adoption is making the Central Banks nervous

26 Feb 2021 3 minute read 11 comments fklivestolearn

As digital currencies start to gain immense popularity among the masses, Central banks are scrambling for alternatives “They came, they saw, they conquered.” That phrase is probably going to be used for cryptos in the not-so-distant future. Led by th...

China vs. Bitcoin

24 Feb 2021 1 minute read 1 comment cryptoforlive

In China, almost two-thirds of all Bitcoins on the market worldwide are mined. As the government has its own plans, cryptocurrency trading is slowly being banned. China is the world's largest producer of Bitcoins. Companies such as Bitmain or MicroBT...

Recent Government Actions Against Crypto Ecosystem

18 Jan 2021 1 minute read 1 comment Keith Thuerk

Recent Government Actions Against Crypto Ecosystem Updated 1/19/21 Iran Reportedly blames Bitcoin miners for massive power outages across the country! 1/18/21 - Australian Bitcoin Trader Takes Banks to Tribunal After Sudden Account Closures - https:/...

ECB President: Digital Euro Could Launch in 2 Years

13 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

European Central Bank President Christine Lagarde, in a virtual panel discussion on central banking held on Nov. 12, said that it was “her hunch” that a digital euro would be released in a few years. Lagarde was one of the speakers in a panel discus...

U.K Central Bank will explore sovereign digital currency.

22 Jan 2020 1 minute read 0 comments alberdioni8406

Now it's official, the Bank of England (BoE), the United Kingdom Central Bank is planning to explore use cases of Sovereign digital currencies (CBDC), and already made associations with other Central banks, to work together in the project. England is...

CBDC: Securing the Immutable Ledger

12 Feb 2021 6 minute read 0 comments Craig Borysowich

There are two things at odds in developing a secure, immutable ledger of transactions for a Central Bank Digital Currency (CBDC).  You want the immutability and security of decentralized cryptocurrencies, but you also want the centralized control of...

Are You Prepared for the Chinese New Year Dump?

5 Feb 2021 1 minute read 1 comment AlucardLife

The Chinese New Year (CNY) is a point of fear every year for crypto hodlers. CNY usually coincides with a fat smelly dump when Chinese folk take profits and go travel. The 2018 dump after the 2017 mania caused the Crypto Winter, or a 3 year bear mark...

SWIFT flips the script and set up a joint venture with the Chinese central bank’s digital currency research institute

4 Feb 2021 1 minute read 0 comments Keith Thuerk

SWIFT flips the script and set up a joint venture with the Chinese central bank’s digital currency research institute and clearing center.   So the Global Financial Giant SWIFT signed a joint venture with the Chinese central bank’s digital currency r...

Is Bank Digital Currencies Successful?

3 Feb 2021 2 minute read 0 comments hawk-eye

So far, China is exploring various methods regarding computerized forms of cash for its national bank, as they are advanced duplicates of its general paper money forms. The European Central Bank is scanning the popular digital euro valuation. Nationa...

CBDC and the Need for a National Digital Identity Framework

2 Feb 2021 3 minute read 4 comments Craig Borysowich

Central Bank Digital Currencies (CBDCs) rely on a completely digital representation of value that people can exchange for goods and services.  It would be challenging to deliver a completely digital currency solution without a tightly integrated digi...