Cryptocurrency Analysis and News Portal
Central bank digital currencies, or CBDCs, are entering the “advanced stages” of engagement as nations around the world look to capitalize on blockchain technology, according to a new report by the Bank for International Settlements.In its latest survey of CBDC development, the BIS shows that central banks representing roughly a
Read More
Federally regulated banks can use stablecoins to conduct payments and other activities, the Office of the Comptroller of the Currency (OCC) said Monday.The federal banking regulator published an interpretive letter addressing whether national banks and federal savings associations could participate in independent node verification networks (INVNs, otherwise known as blockchain
Read More
The charter makes GMO one of only 27 companies licensed in New York to engage in virtual currency activities. Source
Read More
Over 200 Simplex partner companies can now offer crypto debit cards to their customers, potentially enabling greater adoption of cryptocurrencies for retail transactions. The development is the result of a recent partnership between Simplex and Visa announced Monday. Simplex, a fiat-to-crypto on-ramp service is now a principal member of Visa
Read More
The world’s largest publicly traded business intelligence firm, MicroStrategy has announced plans to invest the proceeds from a $400 million securities offering into Bitcoin.On Dec. 7, the firm revealed plans to issue $400 million in convertible senior notes — a debt security that can be converted into the issuing company’s
Read More
Existing decentralized digital identity standards are vulnerable to compromise and do not have privacy at their core: This is the central argument posed by a new paper presented by Harry Halpin, a visiting professor at research university KU Leuven, at the Mozilla-hosted Security Standardization Research Conference (SSR20).Proposals for vaccine or
Read More
The proof-of-concept issuance of tokenized bonds was carried out on a blockchain platform built by Standard Chartered's fintech investment unit. Source
Read More
Jay Hao, CEO of Malta-based cryptocurrency exchange OKEx, said his firm has taken steps to ensure the issue that caused a freeze of over five weeks in cryptocurrency withdrawals cannot reoccur.In an ask-me-anything (AMA) session, a transcript of which was published on Wednesday, Hao said the incident led the exchange
Read More
Hiromi Yamaoka, former head of the payment and settlement systems department at the Bank of Japan, said that the country will likely need several years before it can issue a central bank digital currency.In a Nov. 17 Reuters interview, Yamaoka explained that the BoJ is concerned about a CBDC potentially
Read More
China Construction Bank clarified that it doesn’t work with Bitcoin or any other cryptocurrency. However, it will accept bond deposits made in Bitcoin.One of the world’s largest bank by market capitalization, China Construction Bank Corp (HKG: 939), has partnered with a Hong Kong-based fintech to issue blockchain-powered offshore bonds that
Read More