Cryptocurrency Analysis and News Portal
At the recent Future Innovation Summit event held in Dubai, Cryptox moderated a panel titled “Stablecoins, Central Bank Digital Currencies and Cross-Border Payments” to explore if CBDCs and stablecoins can coexist and how this would be possible. The panel included Jorge Carrasco, the managing director of FTI Consulting; Nikita Sachdev, the
Read More
Ethereum co-founder Vitalik Buterin has published a research paper diving into privacy pools systems as a tool to achieve more privacy in financial transactions, allowing users to prove dissociation from illicit funds through zero-knowledge proof technology.The document initially discusses one of the most popular privacy-enhancing protocols, Tornado Cash, which allows
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The path to standardizing and upgrading cryptocurrency regulation across the globe has seen progress in recent years, as detailed in the recent panel discussion “Crypto Regulation in Europe: The Tipping Point” held during the Money20/20 event
Read More
In summary, the market environment continues to be fluid, and there is no clear winner on either side. Ultimately, the coexistence of CBDCs, tokenized deposits and stablecoins hinges on striking the right balance to meet customers' needs and ensuring trust in their redemption as payment transactions. This coexistence should be
Read More
The wide-ranging discussion came as the industry rebounds from a calamitous year that saw a number of major crypto-focused firms implode and trust in digital assets wane. Regulators, particularly in the U.S., are now eyeing crypto to an unprecedented degree and some observers believe the scrutiny will hurt the industry's
Read More
The United Kingdom is a step closer to launching a Central Bank Digital Currency (CBDC) after releasing a consultation paper explaining the proposed digital pound, which the public has nicknamed “Britcoin.”The 116-page consultation paper was jointly released on Feb. 7 by the Bank of England (BoE) and His Majesty’s Treasury.
Read More
A well-designed central bank digital currency could complement stablecoins and cash, Brainard will say in front of the House Committee of Financial Services on Thursday. Original Source
Read More
Quick take: US Treasury Secretary Yellen has stated that a Central Bank Digital Currency (CBDC) could diminish the proliferation of stablecoins She also mentioned that both could coexist as stablecoins could offer faster, efficient, and cheaper alternatives to a CBDC by the US Fed US Treasury Secretary Yellen has floated the idea that
Read More
As price action bewilders market makers and traders, experts in the crypto industry reached an agreement on several important points last week. Notably, centralized finance (CeFi) and decentralized finance (DeFi), can coexist, and a “blend” of financial products and services will be available to users in the future. On Jan. 21,
Read More
The Committee on Payments and Market Infrastructures conference was held in Basel, Switzerland. One of the main guests was the Chairman of the U.S. Federal Reserve, Jerome Powell. Referring to a report created by the institution he chairs and other banking institutions, Powell said: A recent report from the Bank for
Read More