JPMorgan bank deploys JPM Coin for euro-denominated payments

JPMorgan bank deploys JPM Coin for euro-denominated payments

Source: Cointelegraph The United States-based investment bank JPMorgan is expanding the implementation of one of its major blockchain projects into traditional banking. JPMorgan has deployed its blockchain-based payment system, JPM Coin, to introduce euro-denominated payments for corporate clients, Bloomberg reported on June 23. A spokesperson for JPMorgan confirmed to Cointelegraph that the bank had expanded the JPM […]

Fostering Responsible Growth Of Blockchain Technology

Fostering Responsible Growth Of Blockchain Technology

Testimony of Dr. Emin Gün Sirer, Founder & CEO, AvaLabs, Inc. before the United States House of Representatives, House Financial Services Committee. Chairman McHenry, Ranking Member Waters, and Members of the Committee, It is an honor to be here with you today. I thank you for the opportunity to appear before you as a computer […]

Most Americans still skeptical about CBDC, says Cato/YouGov survey

Most Americans still skeptical about CBDC, says Cato/YouGov survey

Source: Ledger Insights A recent poll by YouGov and the Cato Institute found that 34% of Americans oppose the issuance of a central bank digital currency (CBDC), compared to 16% who favor it. Fears of government control, elimination of cash, and cyberattacks continue to weigh on people’s views of a digital dollar, especially among U.S. Republicans. Trust in the […]

CBDCs on the horizon: The current state of CBDC initiatives around the world

CBDCs on the horizon: The current state of CBDC initiatives around the world

Source: Cointelegraph Central bank digital currencies (CBDCs) have long been a topic of contested discussion, having often been met with a predominantly negative response in the crypto community. However, despite the skepticism, CBDCs undeniably serve as a significant use case for blockchain technology. BDCs distributed through blockchain technology can provide cheaper, faster and possibly more […]

Digital Pound Foundation joins the Hyperledger Foundation as an Associate Member

Digital Pound Foundation joins the Hyperledger Foundation as an Associate Member

We are pleased to announce that the Digital Pound Foundation (DPF) has joined the Hyperledger Foundation as part of a group of 3 new Associate Members which includes the European Blockchain Association (EBA) along with DPF’s existing partners at the Digital Euro Association (DEA). To kick off their affiliation, the 3 new associate members, including […]

Former CFTC Chair Giancarlo: A Privacy-Protecting U.S. CBDC Could ‘Take Over the World’

Commodity Futures Trading Commission (CFTC)

Source: Coindesk A U.S. central bank digital currency (CBDC) that protects privacy and is free of surveillance tools could set a global standard and reach mass adoption, said former Commodity Futures Trading Commission (CFTC) Chairman Christopher J. Giancarlo. “That [U.S.] digital dollar would take over the world,” Giancarlo, co-founder of the Digital Dollar Project and […]

Snapshot: Which countries have made the most progress on CBDCs so far in 2023

Snapshot: Which countries have made the most progress on CBDCs so far in 2023

Source: Atlantic Council 2023 is already shaping up to be a major year in central bank digital currency (CBDC) exploration. As of March 1, sixty-five countries are in the advanced stage of development, and over twenty central banks have launched their pilots, including Brazil, Japan, and Russia. To dive deeper into these countries, follow our CBDC […]

Market Analysis: Silicon Valley Bank, Circle & USDC

Market Analysis: Silicon Valley Bank, Circle & USDC

Source: CryptoCompare Last week, the second largest collapse of a major U.S. bank occurred in history, as Silicon Valley Bank (SVB) was abruptly closed by U.S. regulators following a panic-induced bank run. SVB, which had strong ties to the venture capital industry and a reputation as a crypto-friendly bank, had been heavily utilised by many […]

Innovation in Central Bank Digital Currencies

Innovation in Central Bank Digital Currencies

Source: Ripple According to recent research from the Atlantic Council Tracker, the majority of the world’s Central Banks are seriously considering Central Bank Digital Currencies, with many projects already underway. While the facts indicate that planning for and testing of digital forms of national currency are underway, actual implementation often lags behind due to lack of experience, […]

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