Cryptocurrency Analysis and News Portal
On Wednesday, the Banque de France (BdF), the BIS Innovation Hub (BISIH), and the Swiss National Bank (SNB) announced the success of a pilot run of a wholesale central bank digital currency (wCBDC), titled Project Jura. The project aimed to investigate cross‑border settlement with euro and Swiss franc wCBDCs, and
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A paper published by the European Central Bank (ECB) discusses various conditions for successful implementation of central bank digital currencies (CBDCs) such as the eurozone’s own digital euro. The authors also point to different risks that such projects entail, like the danger of crowding out the private sector. ECB: Digital
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The European Central Bank (ECB) has tapped Evelien Witlox, ING’s global director of payments, as program manager for its digital euro, effective Jan. 1.In her new role, Witlox will work alongside the senior management team of the Directorate General Market Infrastructure and Payments.Witlox will work on the ECB’s investigation phase
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The digital euro should be an attractive means of payment but its design should prevent it from becoming so successful as a store of value that it threatens banks and private money, according to Fabio Panetta, a high-ranking executive at the European Central Bank. Panetta stressed that both this paradox
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Fabio Panetta, a member of the European Central Bank’s (ECB) executive board, detailed the roadmap for the successful inclusion of a “digital euro” on Friday.The ECB is examining whether to introduce a central bank digital currency (CBDC) for retail payments, Panetta said in a speech at the Elcano Royal Institute,
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Angle Labs, a startup focused on offering stablecoins in currencies like the euro as an alternative to dollar-centric tokens, has raised $5 million in a funding round led by Andreessen Horowitz (a16z).Also included in the seed round, announced Tuesday, were Fabric VC, Wintermute, Divergence Ventures, Global Founders Capital, Alven, Julien
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In July, the ECB said it would move to the exploration phase of its plans to develop a digital euro. Earlier this month, advisor to the senior management of the Market Infrastructure and Payments business area of the ECB, Jurgen Schaaf, said the two-year investigation period was not a confirmation
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The European Central Bank (ECB) says it is “starting to investigate” a digital euro by launching a two-year investigation. ECB President Christine Lagarde believes the ECB should be ready to respond to people’s demands for digital currencies and come up with a European-based solution that “does not jeopardize the whole
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There’s a chasm between the fast-developing world of decentralized finance (DeFi) and the old-school world of regulated TradFi, or traditional finance. The core rationale of DeFi is that there is no central entity in charge of authorizing or overseeing transactions. And as more DeFi products come to market, that chasm
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