Report: China's central bank to test digital currency in two cities, partnering with state-backed commercial banks and telecom giants
The People's Bank of China (PBOC), the country's central bank, will soon test its much-anticipated digital currency electronic payment (DC/EP) in the cities of Shenzhen and Suzhou, on track to become the first central bank in the world to issue digital currency, according to a report from Chinese financial news outlet Caijing.
Crypto expert thought it would be ‘cool’ if North Korea mined ether: source
A U.S. digital currency expert who was arrested last week for allegedly aiding North Korea in violation of sanctions told acquaintances last year that he thought it would be “really cool” if the reclusive state mined cryptocurrency ether, according to one person with direct knowledge of the matter.
No Demand for a State Digital Currency in Japan: Central Bank Governor
Bank of Japan (BOJ) Governor Haruhiko Kuroda said that there is no public demand for a central bank digital currency (CBDC) in the country.
Alan Greenspan says there’s ‘no point’ for central banks to issue digital currency
Former U.S. Federal Reserve Chairman Alan Greenspan said Tuesday that there is no need for central banks to issue digital currency.
Work on ECB digital currency under way, progress possible next year
Progress on the feasibility of a digital currency backed by the European Central Bank could be made in the coming months, senior officials said on Friday, cautioning that the project faced challenges and was for the long term.
Hong Kong and Thailand plan to release their digital currency project report by Q1 2020
The central banks of Hong Kong and Thailand have been researching digital currency use cases and are planning to release their joint research report by the first quarter of 2020.
China’s central bank hiring 6 tech experts for its upcoming digital currency
The People’s Bank of China (PBoC), the country’s central bank, is hiring six more tech experts for its upcoming digital currency.
China’s Fintech Stocks Soar Over 50% in 2019 Amid CBDC Anticipation
China Securities Index Co. (CSI) Fintech Theme Index has risen over 50% in 2019, outperforming the broader market.
BOJ Kuroda urges global cooperation in regulating Facebook's Libra
Bank of Japan Governor Haruhiko Kuroda said on Tuesday that international cooperation was crucial in regulating stable coins such as Facebook’s planned Libra digital currency.
Blockchain vs AI: who will win the battle for venture money
While in 2017, when the word “blockchain” was mentioned, the value of the company increased by several times, now investors are less willing to bring money to such projects. LetKnow.News decided to figure out how investor preferences have changed in recent years and what industries are now in trend.
China’s central bank seeks to accelerate the development of its ‘legal digital currency’
China's central bank said that it will accelerate the research and development of its "legal digital currency", according to a statement issued by the People's Bank of China today.
Digital currency operators must comply with rules: Bank of Japan's Amamiya
Digital platform operators such as Facebook, planning to launch a new global cryptocurrency called Libra, must comply with regulations on money laundering and risk management, Bank of Japan Deputy Governor Masayoshi Amamiya said on Friday.
European Bank Official Discusses Potential Benefits of Central Bank Digital Currency
A European Central Bank (ECB) official highlighted the benefits of central bank digital currencies (CBDC) while stressing caution in a speech published by the Bank of International Settlements on May 27.
Bitcoin Buyers are ‘Dumb, Inexperienced Kids’: Gold Investor Slams Crypto
Gold investor Peter Schiff unleashed yet another savage takedown of bitcoin at this weekend’s SALT Conference.
Belfast Launches Own Digital Currency to Boost Rockefeller Social Project Success
This article has been updated to clarify that the belfast coin will not be based on blockchain.
Bank of England Gov: Bitcoin Doesn’t Satisfy the Principles of Currency
Dave Ramsden, deputy governor for markets and banking at the Bank of England, said in an interview with CNBC that crypto assets like bitcoin are too volatile to be a store of value and they do not meet the principles of currency.
Ukraine Completes Pilot Scheme for E-Hryvnia National Digital Currency
Ukraine’s central bank has completed a pilot scheme for its national digital currency, the e-hryvnia, local press agency Interfax Ukraine reported on Feb. 22.
Mizuho's digital currency to take on payment rivals next month
Japan's Mizuho Financial Group will launch its digital currency service March 1 under plans announced Wednesday, leveraging direct links to users' bank accounts to fight off outside players in the heated market for cashless payments.
Digital Currency Group CEO says most cryptocurrencies will fail, but bitcoin is still king
A bear market could be just the beginning of the pain for most cryptocurrencies, according to one widely followed industry expert.
Grayscale’s Newest Crypto Investment Trust Will Hold Stellar Lumens
Grayscale Investments, the digital asset management firm operating under the Digital Currency Group umbrella, is adding support for Stellar lumens with a new investment product.