Cryptocurrency Analysis and News Portal
Central bank digital currencies (CBDCs) pose no threat to Bitcoin’s value proposition, instead, they will spur its growth toward mass adoption.In a new report, Grayscale Investments said CBDCs will never replace BTC because unlike the top cryptocurrency, they can be inflationary and are open to manipulation by central banksCBDCs
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The People’s Bank of China has revealed plans to have its sovereign digital currency ready in time for the 2022 Winter Olympics. The announcement comes as the Covid-19 pandemic has accelerated a shift away from paper money. Limited trials are already underway in Shenzhen, Suzhou, Chengdu and the Xiongan New Area
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Former Bank of China President, Li Lihui, has revealed the launch of the digital yuan is imminent, and that the currency can replace cash if four key conditions are met. The central bank digital yuan is currently in the test phrase and is generating excitement among Chinese internet users. Searches on
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James Baldwin is an eSports driver who recently won the World’s Fast Gamer contest. As part of his prize, Baldwin will have a chance to drive in the 2020 GT World Challenge. This could pave the way for more drivers to move from simulations to real-world racing. Whether by
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Thai Stellar-based blockchain startup Lightnet has raised $31.2 million to boost cross-border payments in Southeast Asian countries.The Bangkok-headquartered firm has completed a Series A funding round led by major financial conglomerates in the region, Singaporean United Overseas Bank (UOB) and South Korea’s Hanwha Investment & Securities, Business Insider Malaysia
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The chief economist at the International Monetary Fund (IMF) has said digital currencies are not about to challenge the U.S. dollar's pivotal role in global trade. In an op-ed for the Financial Times on Tuesday, Gita Gopinath, who took over as the IMF's chief economist in January 2019, wrote that
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A recently unveiled Deutsche Bank “Imagine 2030” report boldly puts a date on the eventual fiat–crypto “social consensus flip,” citing the Asian continent and, in particular, China, to have already recognized the trend. If true, then what every cryptocurrency speculator and investor would like to know is, when will
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By 2030, the demand for alternative currencies will rise, with digital currencies eventually replacing cash, according to recent research from Deutsche Bank.In the “Imagine 2030” report, Deutsche Bank strategist Jim Reid raised awareness of the challenges the existing fiat system has encountered in recent years, specifically with the emergence
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The token issuance market is currently dominated by ERC-20 standard tokens issued on the basis of the Ethereum protocol. Credits is a new infrastructure provider acting as a public blockchain platform for tokenization. After 2 years of hard work for development of the company’s product infrastructure, Credits is ready to
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Visa has been quietly developing a blockchain system that could upend how banks transfer data to consumer financial apps like Mint and Credit Karma. Source
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