National Bank of Ukraine releases draft concept for digital hryvnia
Source: Cointelegraph The National Bank of Ukraine (NBU) has introduced a draft concept for its central bank digital currency (CBDC) candidate digital hryvnia, or e-hryvnia. Ukraine’s central bank on Nov. 28 released a statement on the concept of e-hryvnia, which aims to perform all the functions of money by supplementing cash and non-cash forms of the hryvnia as its […]
France, Luxembourg Test CBDC for 100M Euro Bond Issue
Source: Coindesk France and Luxembourg have used an experimental central bank digital currency (CBDC) to settle a bond worth 100 million euros (US$104 million), the latest in a series of trials in tokenized financial markets. The Venus Initiative “shows how digital assets can be issued, distributed and settled within the eurozone, in a single day” […]
The Ripple Drop Ep. 28: Interoperability in Blockchain
Source: Ripple We’ve seen the power and opportunity that lies within blockchain technology through use cases that support cross-border payments, reduce voter fraud, increase the efficiency of supply chain management, and lower healthcare costs. The advancements made possible by blockchain are vast, and leveraging the benefits of multiple blockchain platforms via interoperability can create an even greater impact. On […]
BoE’s Cunliffe: FTX collapse demonstrates need for crypto regulation
Source: Investment Week The collapse of FTX provides a “compelling demonstration” of why greater regulation of the cryptoassets space is necessary, said Jon Cunliffe, deputy governor of the Bank of England, in a speech yesterday (21 November). Describing the collapse as “probably the largest – and certainly the most spectacular – failure to date in […]
Britcoin: All There Is To Know With Industry Views From Okcoin, Carta, Tribe Payments and More
Source: The Fintech Times Year in, and year out, people continue to wonder how long the crypto hype is going to continue. The volatility of the market and the crashes it has faced keep leading some to believe that the digital currency’s time has come to an end. But without fail, it always pops back […]
DPF First Year Anniversary
Hosted: 15 November 2022Location: London, UKNo. Attendees: 124 Panellists included: Susan Friedman (Ripple), Claire Conby (DPF), Jannah Patchay (DPF), Christian Walker (Poundtoken), Marjan Delatinne (SETL), and Keith Bear (Judge Business School, University of Cambridge). On the first anniversary of the launch of the Digital Pound Foundation (DPF), we were delighted to welcome cross-industry participants to […]
Major stablecoins destabilized as market volatility and redemptions surge
Source: Cointelegraph Plunging cryptocurrency prices are not the only consequence of this week’s FTX-induced crypto contagion. Significant market volatility this week induced by the collapse of the FTX exchange has impacted stablecoins with many of them depegging temporarily. According to CryptoQuant senior analyst Julio Moreno, nearly all leading stablecoins have experienced some level of peg volatility this week. […]
David Chaum Rolls Out Privacy-Protecting CBDC Technology
Source: Coindesk Will central bank digital currencies (CBDCs) replace cash and bank transfers in the future? And will they be an ultimate tool for financial surveillance and control, or is another, more benign future possible? David Chaum, creator of the Bitcoin predecessor eCash and, more recently, the Elixxir cryptocurrency, believes the democratic world can have a version of […]
IMF proposes DLT, DeFi-inspired alternative to cross border CBDC
Source: Ledger Insights Last week the IMF published a paper on X-C, a platform for cross border payments, co-authored by the IMF and members of MIT’s Digital Currency Initiative. The solution proposes a global centralized ledger for cross border payments in which central banks, banks and payment providers participate. An X-C platform would not just centralize payments and […]
FTX stablecoin reserves plunge as community fears bankrun
Source: CryptoSlate The crypto community fears FTX might cause another Terra-like crash after the stablecoin reserves on the exchange fell significantly over the last 24 hours. FTX stablecoin outflow leads other exchanges As reported by The Data Nerd, Nansen data shows that FTX stablecoin outflow was the highest among exchanges over the last seven days. According to the screenshot, […]
