‘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 […]
CBDCs and Interoperability: Bridging the Gap in Innovation
Webinar Description Central Bank digital currencies (CBDCs) will play a critical role in the new, modern global financial infrastructure that blockchain technologies will undoubtedly underpin. But, for a truly global system to work, interoperability is key. In this webinar, industry experts explore the future of CBDCs, the impact of CBDCs on cross-border payments and the […]
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 […]
The Central Bank of Colombia Is Studying the Creation of a Digital Currency
Original Source: Bitcoin.com The Central Bank of Colombia is studying the launch of a digital currency, according to statements made by its manager, Leonardo Villar. The organization is evaluating the launch of this instrument as a means of unifying the different digital wallets in the country, making them interoperable and easier to use for customers. […]
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 […]
Brazil CBDC trials: farm lending explored by Digital Asset, Oliver Wyman, VERT
Original Source: Ledger Insights In March, Banco Central do Brasil unveiled nine participants in its Real Digital Lift Challenge, a central bank digital currency (CBDC) trial. One of the projects focuses on directed farm lending. Initially, the lending will be in tokenized commercial bank money, which could later switch to have the tokens backed by CBDC. […]
Taking digital currencies offline
Original Source: IMF As the world’s central banks rush to develop digital currencies, almost all the research and trials focus on internet-based technology. What will happen when the web goes down in a war or a natural disaster? And what about the 75 percent of the world’s adult low-income population that doesn’t even have internet […]
Digital Asset Series 2022: Navigating CBDC Unknowns
Original Source: Finextra Key trends currently driving CBDC discussions across the globe. The global pandemic and the emergence of cryptocurrencies and stablecoins have accelerated the work on CBDCs. While some nations are further ahead in their CBDC timelines than others, the UK, US and Europe (among many more) are treading carefully, paying careful attention not […]
