March 26, 2020 Industry Players Join Former CFTC Royalty on Digital Dollar Project’s New Board A board of 22 finance and fintech experts joins former CFTC leaders and Accenture to steer the future of the Digital Dollar Project. The Digital Dollar Project, which advocates a blockchain-backed digital dollar in the United States, has announced the inaugural roster of its Advisory Board.The…
March 25, 2020 VR World Somnium Space Sells 110 ETH of Virtual Land VR platform Somnium Space sold 110 ETH worth of digital land during the first seven days of a 10-week offering. Somnium Space sold 110 Ethereum (ETH) worth of virtual land plots during the first seven days of its multi-week affair. “During…
March 25, 2020 China’s Central Bank Is Paving the Way for Its Digital Currency With Global Tech Giants on Board: Report China is reportedly working with private industry to accelerate the roll-out of its central bank-backed digital currency.…
March 21, 2020 IMF Weighs the Pros and Cons of a Central Bank Digital Currency International Monetary Fund leader, Tao Zhang, discussed the positives and negatives of a central bank digital currency. In a recent keynote speech to the London School of Economics, International Monetary Fund (IMF) Deputy Managing Director, Tao Zhang, briefed the positives and negatives of a central bank digital currency (CBDC).Zhang…
March 20, 2020 Hawaii Testing Digital Currency Plan – No Money Transmitter License Required Hawaii is launching a pilot program for a digital currency. The collaborative initiative is backed by the Department of Commerce and Consumer Affairs, Division of Financial Institutions (DFI) and Hawaii Technology Development Corporation (HTDC).…
March 18, 2020 Hawaii introduces digital currency sandbox to draw more investments On 17th March 2020 Hawaii set its first-ever pilot program for digital currency sandbox in motion to lure more investments in the field.…
March 17, 2020 Sweden’s Central Bank Wants to Host Innovation Hub for Digital Currencies Sweden’s central bank wants to join Switzerland, Singapore and Hong Kong in hosting the BIS innovation hub. The Riksbank, Sweden’s central bank that started testing its own central bank digital currency (CBDC) in February, wants to host the digital currency innovation hub by the Bank for International Settlements (BIS).Officially…
March 13, 2020 Bank of England Releases Discussion Paper on CBDCs This week, the UK’s central bank issued a discussion paper on how digital currencies could be introduced and used in the country. The Bank of England (BoE) is seriously weighing the pros and cons of issuing a central bank digital currency (CBDC) denominated in pounds sterling.…
March 12, 2020 Bank of England Cites ‘Significant Change in Money and Payments’, Presents Model of Central Bank Digital Currency The Bank of England has issued a 57-page report examining how a central bank digital currency (CBDC) could roll out and perform as both a store of value and as a regular form of money powering everyday payments.…
March 6, 2020 Binance.US Enables USDC Deposits Binance’s US wing has implemented USDC deposits to convert to BUSD easily. Global cryptocurrency exchange Binance has listed USDC for deposits on its United States Branch, Binance.US.The…
March 6, 2020 Switzerland’s Crypto Valley Association Head Says CBDC Is a Good Idea Crypto Valley Association president Daniel Haudenschild said that central bank digital currencies are “the next logical stage.” In an exclusive interview with Cointelegraph, Crypto Valley Association President Daniel Haudenschild said that central bank digital currencies are “the next logical stage.”Haudenschild…
March 5, 2020 Crypto Software Firm Zabo Raises $2.5M in a Seed Round Crypto software firm has gathered $2.5 million in a seed round led by Moonshots Capital to strengthen its connections with mainstream financial services. Zabo has announced it has raised $ 2.5…
