CBDC

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Are You Prepared for the Chinese New Year Dump?

5 Feb 2021 1 minute read 1 comment Hamminy

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...

The World Economic Forum discussed cryptocurrencies

28 Jan 2021 1 minute read 2 comments Jiri63

This year, the World Economic Forum takes place only online (January 25 - 29). His agendas also included two panels entitled: Resetting Digital Currencies. This is further evidence of the growing adoption of digital currencies in mainstream society....

Bank for International Settlements (aka BIS) take on Digital Cash

28 Jan 2021 1 minute read 0 comments Keith Thuerk

Bank for International Settlements (aka BIS) take on Digital Cash Executive Summary - 20% of Global could have Digital Cash in 3 short years, but on very tight leash!  Soup to Nuts on BIS views The general manager of the BIS Agustin Carstens, condemn...

Why CBDC are not a threat for Bitcoin

23 Jan 2021 1 minute read 0 comments Arkemmus

There is a huge buzz these days about CBDC (Central Banks Digital Coins). Many governments around the world plan to introduce the digital version of their fiat currency.    Just to name a few: China's digital yuan. Russia's digital ruble. Euro's CBD...

CNY + IRS = Atomic Crypto Dump?

22 Jan 2021 2 minute read 1 comment Hamminy

The Chinese New Year (CNY) historically corresponds with a dump in crypto. US tax season comes right after. This year is a bit different because of the Plague, however, so the question is will CNY and Uncle Sam make the market bleed in 2021? CNY corr...

CBDC: Is the devil really as bad as you paint him?

20 Jan 2021 2 minute read 8 comments MikeZillo

Since the world crisis of 2008, no central bank has been able to find a financial solution to revive economies. Inflation manages to be kept at bay by QE (Quantative Esasing) but this situation cannot be sustained for much longer. The outrageous incr...

Bank of France completes €2 million pilot project with CBDC

19 Jan 2021 1 minute read 0 comments ihodl25

Le Banque de France successfully tested the central bank's digital currency (CBDC) in a pilot project with the placement of over €2 million worth of tokenized shares of the currency fund. The regulator used a private blockchain platform for this for...