FinovateFall 2022: Q&A with Ripple’s James Wallis on CBDCs, crypto and blockchain
Source: Fintech Futures At the FinovateFall 2022 conference in New York, FinTech Futures sat down with James Wallis, VP of central bank engagements at Ripple, to get his views on the rise of central bank digital currencies (CBDCs), use cases for cryptocurrencies in banking and payments and the future of blockchain technology. FinTech Futures: You’re here to give […]
Australian pilot CBDC test for eAUD to commence mid-2023: RBA White Paper
Source: Cointelegraph Making it to the list of countries that intend to launch an in-house central bank digital currency (CBDC), the Reserve Bank of Australia (RBA) released a white paper outlining an elaborate plan for conducting a pilot project for eAUD. On Aug. 9, 2022, the RBA announced a collaboration with the Digital Finance Cooperative […]
CBDCs and other new forms of digital money: Goodbye privacy and anonymity?
Authored by Claire Conby, Operational and Governance Lead at the Digital Pound Foundation and Chief Risk Officer at Billon Financial Ltd. Use of physical cash is declining. We are witnessing a growing appetite for digital alternatives, driven not only by private sector innovation, but also by an increasing recognition from central banks and governments of […]
‘Historic’ moment for crypto as Ethereum Merge finally completed
Source: The Independent One of the most highly-anticipated moments in the history of crypto has finally happened after years of build up. At 7.45am BST on Thursday, Ethereum completed what has been dubbed ‘The Merge’. In doing so, the energy consumption of the world’s second-largest cryptocurrency dropped by more than 99 per cent in an instant. “After bitcoin’s whitepaper […]
Binance Exec on Converting USDC, Other Stablecoins to BUSD: ‘Not a Surprise’
Original Source: Coindesk Binance is converting user funds to its Binance USD (BUSD) stablecoin from alternatives, including the larger USD coin (USDC). Binance Chief Communications Officer Patrick Hillmann shares his insights and why “it really shouldn’t be that big a surprise.” Plus, his take on Tether (USDT).
Regulated Liabilities and the Future of Digital Money | Poundcast Episode 2
Description In this episode, host Jannah Patchay, Policy Lead and one of the originating members of the Digital Pound Foundation speaks to Tony McLaughlin, Managing Director of Emerging Payments and Business Development at Citibank. Jannah and Tony have a wide-ranging discussion on what would make a digital Pound a foundation for innovation and what attributes […]
Ethereum Merge Could Affect Stablecoins & DeFi Protocols, Says Report
Original Source: BeInCrypto Ethereum’s transition to a proof-of-stake (PoS) network could affect DeFi protocols and stablecoins running on the blockchain network, DappRadar revealed in a new report. According to the report, the stablecoin market is huge, and its use on public blockchains like Ethereum has grown significantly making them integral to DeFi operations. The report noted that Ethereum Merge could affect the stability […]
Reserve Bank Australia says a live CBDC likely to be wholesale
Original Source: Ledger Insights During today’s payment systems board meeting, the Reserve Bank of Australia discussed central bank digital currency (CBDC). The synopsis states, “While most central banks are still investigating the potential merits, design and implications of CBDC, many see an increased likelihood of issuing some form of CBDC in the future, especially to support wholesale […]
A sound regulatory approach for digital assets
Original Source: Quant Over the last five years, investment in cryptocurrency increased from $100 billion to a market cap of $3 trillion in November 2021. During that time, crypto went mainstream. In the UK, ads for crypto exchanges popped up on the underground, billboards and sports stadiums. Consumers were attracted to this new, high-performing asset […]
Reserve Bank of Australia Starts Pilot to Explore CBDC Use Cases
Original Source: Coindesk The Reserve Bank of Australia (RBA) will develop a “limited-scale” pilot to explore use cases and potential economic benefits of a central bank digital currency (CBDC). Australia’s central bank plans to create a CBDC, which will operate in a ring-fenced environment. A ring-fence environment separates a portion of the user’s financial assets […]
