digital currency

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CBDC: The Government Of China’s New Digital Currency

14 Oct 2020 5 minute read 2 comments MintDice.com

In August 2020, the People’s Republic of China released an app provided by ABChina for its countrywide digital currency, CBDC (Central Bank Digital Currency). In the months since, the currency has already been used for 1.1 billion yuan worth of trans...

The Weekly Summary - Issue 26.1 - Personal Finance Edition

7 Oct 2020 1 minute read 11 comments tvlachak

Issue 26.1 / October 7, 2020 Personal Finance A short video by the International Monetary Fund explaining inflation. Morgan Stanley hypothesizes the impact of super saving versus economic deceleration. The United States Federal Reserve and the Europ...

Will there be a cashless future?

4 Oct 2020 1 minute read 0 comments Blindworld

Imagine a situation in which your paper money is not accepted? For some it may be too futuristic and some might beleive it will never happen. Actually it is highly likely that it will happen in sweden. Imagine a whole country were transactions are t...

This central bank is thinking to launch a cryptocurrency

4 Oct 2020 1 minute read 0 comments Blindworld

My first post on this platform was named as life along with trends, and now I am seeing it. Central Banks and regulatory authorities were not the supporters of blockchain-based currency. But years after the Bitcoin surge, digital currency transactio...

CBDC , Blockchain and Cutting Through the Nonsense

16 Sep 2020 6 minute read 1 comment Craig Borysowich

Right off the top, I want to use this as a stage-setting article to introduce several topics related to Central Bank Digital Currencies (CBDCs) that help to set up a series of articles in which I plan to deep dive into a various technical and non-tec...

A Brief Comparison of Iranian Exchanges

30 Aug 2020 2 minute read 0 comments Melina Mehr

Digital currency trading in Iran is one of the most controversial topics and many traders do not know which exchange website they can trust and which is a better option for trading. While Iranian people are not very familiar with Bitcoin, as a result...

Chia Raises $5M in Funding Round Led By Slow Ventures

12 Aug 2020 1 minute read 0 comments Abhimanyu Krishnan

Smart transaction platform Chia Network has raised $5 million in a round of funding led by Slow Ventures, according to Coindesk. Chia Network is aiming to be a more efficient and secure version of popular digital currencies. Chia Network uses a “sma...

Hong Kong Will be the First City to Use China's Digital Currency

12 Aug 2020 1 minute read 2 comments Abhimanyu Krishnan

Local media outlet Southern Daily reported on August 12 that officials from the People’s Bank of China had confirmed that Hong Kong’s Greater Bay Area would be the first region that would use China’s digital currency, DCEP.  China has been testing a...

Mining 1 Bitcoin (BTC) in Iran will cost 208 million Tomans

12 Aug 2020 1 minute read 0 comments Melina Mehr

Electricity required for mining each bitcoin in Iran is about 208 million tomans (The currency of Iran, which is worth about $ 1 for every 20,000 tomans.), and the initial capital required to create a cryptocurrency farm is about 4 billion Tomans for...

Digital Currencies: Bank of Lithuania issues the first digital collector's currency

10 Jul 2020 1 minute read 0 comments Pot Project

First timid step of a Eurozone Central Bank into the future of digital currencies. The Central Bank of Lithuania has announced the sale of the world's first digital currency, which will also be a collector's item, on its online shop from 23 July. Lb...