The Bank for International Settlements (BIS) and a group of leading-economy central banks has issued a report outlining what they believe the key principles of a central bank digital currency (CBDC) should be – but yet again went to great pains to sit on the fence when it comes to the matter of actually issuing…
Read more
Beijing is set to build a “legal digital currency pilot area” as part of its new Beijing Pilot Free Trade Zone initiative – although the project’s masterminds have stopped short of providing details as to what sort of tokens will be given the green light. Per the Beijing News, via news agency Xinhua, the project…
Read more
Source: Adobe/Тихон Купревич California-based liquidity provider Ripple has introduced a new beta service, Line of Credit, designed to enable customers to benefit from its On-Demand Liquidity (ODL) service to source capital on-demand, and initiate cross-border payments with the use of the XRP token. Ripple said in a statement that the new service provides customers with…
Read more
Bitcoin price started a fresh decline from the USD 10,800 resistance. BTC settled below USD 10,650 and it is currently (08:30 UTC) struggling to stay above the USD 10,550 support. If BTC slides below USD 10,550 and USD 10,500, there could be a sharp decline. Similarly, most major altcoins are struggling to stay above important…
Read more
Brad Garlinghouse. Ripple, a California-based blockchain startup focusing on the banking sector, and its CEO Brad Garlinghouse, seem to have won a battle in court, though the investors can still proceed with one cause of action. However, the judge suggested that the plaintiff contradicted himself, causing specific claims to be dismissed. Per the order by…
Read more
The South Korean central bank, the Bank of Korea (BOK) has announced that it is to begin a central bank digital currency (CBDC) pilot next year, in conjunction with major firms and domestic banks. Per Seoul Shinmun and the Fourth Journal, the BOK has stated that it has completed the design and “technical checks" on…
Read more
The US Office of the Comptroller of the Currency (OCC) is about to take another step in helping local banks to deal with the Cryptoworld. Brian Brooks, Acting Head of the OCC, confirmed that they hope to clarify whether cryptocurrencies, in particular privacy tokens, such as monero (XMR), zcash (ZEC), are permissible assets for banks…
Read more
This year, during a series of digital yuan pilot programs in China, testers reportedly spent CNY 351 (USD 52) on average per transaction, bringing the total value of pilot transactions to CNY 1.1bn (USD 162m). According to Fan Yifei, Deputy Governor at the People‘s Bank of China (PBoC), 3.13m transactions were processed using the digital…
Read more
SBI’s chief executive Yoshitaka Kitao. One of Japan’s biggest financial companies, the SBI Group, has made a major move in the domestic market, snapping up a controlling stake in the TaoTao crypto exchange from Yahoo Japan. The size of the deal was not disclosed, but TaoTao (previously known as BitARG prior to Yahoo Japan’s involvement)…
Read more
Source: Adobe/ I-Wei Huang Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Regulation news In the UK, the Financial Conduct Authority (FCA) banned the sale of derivatives and exchange-traded notes (ETNs) that reference certain types of cryptoassets to retail consumers. The…
Read more
