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China’s National Digital Currency is Anything but Decentralized says Ethereum Co-Founder

China’s national digital currency is in the works, which would monitor transactions and curb money laundering. However, according to a recent interview with CNBC on November 5, 2019, Ethereum co-founder, Joseph Lubin, believes that China’s central bank digital currency (CBDC) lacks a key component of blockchain technology, which is decentralization. дальше »

2019-11-6 10:00


Facebook’s Libra Will Operate More Like An Email Tech Than PayPal: Calibra VP of Product

According to Facebook’s Calibra VP, Kevin Weil, Facebook’s led crypto project, Libra is set to operate like an email but not like PayPal, Cointelegraph reports. Weil was giving a speech during the Web Summit held in Lisbon, Portugal where he emphasized that the crucial aspect in Libra will be interoperability, which is at the central […] дальше »

2019-11-6 23:34


European Union Ponders Issuing a Public Digital Currency to Compete With Facebook’s Libra

The European Central Bank (ECB) has recently considered the idea of issuing its public digital currency via a new draft document, according to Reuters. This is seen as a response against the Facebook backed project, as the company’s upcoming launch of the Libra has made regulators all over the world wary. Since Facebook shared plans […] дальше »

2019-11-5 21:25


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Another Chinese Lender Bailed Out After Bank Run

Yichuan Rural Commercial Bank, a lender operating in the central Henan province, has become the latest Chinese bank to be bailed out by the government this year. The small financial institution, which has around 30 branches only in the Yichuan county, experienced a bank run sparked by rumors that its top management was in trouble […] The post Another Chinese Lender Bailed Out After Bank Run appeared first on Bitcoin News. дальше »

2019-11-3 10:35


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23 Central Banks Divulge Their Digital Currency Requirements

Twenty-three leading central banks participated in an in-depth survey on their digital currency developments and requirements, including fungibility, convertibility, and availability. They also discussed the timeframe for issuing consumer-ready central bank digital currencies and divulged their greatest concerns about implementing them. дальше »

2019-11-2 17:18


China’s “Over-Obsessive Control” is the Main Motivation for Its DCEP Digital Currency Initiative

After five to six years of research, China’s central bank revealed few specifics of its Digital Currency Electronic Payment (DCEP) project while a Chinese official finally stated that the People's Bank of China (PBoC) is likely to be the world’s first central bank to launch a digital currency. Digital Currency Electronic Payment will be powered […] дальше »

2019-11-2 22:24


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ECB President: ’We Should Be Happier to Have a Job Than to Have Our Savings Protected’

Newly installed European Central Bank President Christine Lagarde made controversial remarks in a recent statement prior to assuming her new role. The former IMF Managing Director implored: “isn’t it true that ultimately we have done the right thing to act in favour of jobs and of growth rather than the protection of savers?” Regarding former […] The post ECB President: ’We Should Be Happier to Have a Job Than to Have Our Savings Protected’ appeared first on Bitcoin News. дальше »

2019-11-1 10:13


CBDCs may be centralized, but they won’t be central: IBM Study

CBDCs might not be so central after all. Digital currencies, until quite recently, were seen as the payment tool of the dark webs of the Internet. If not redirected to the mainstream payment protocol of a Visa or a MasterCard, or picking a payment partner that acted as a mere digital wallet of fiat, the […] The post CBDCs may be centralized, but they won’t be central: IBM Study appeared first on AMBCrypto. дальше »

2019-10-31 16:30