Officials at the European Central Bank have said in recent weeks that they continue to assess all the factors behind a potential launch of a digitized version of the euro. Among those areas of consideration: the potential effect a digital euro might have on the integrity of the European banking system — and how a …
ECB official floats idea for limits on digital euro holdings to discourage hoarding Read More »
PayPal CEO Dan Schulman said Thursday that he sees PayPal playing a significant role in the utility of central bank digital currencies (CBDCs). On the company’s investor day call, Schulman said PayPal is gearing up to be “the digital wallet for global CBDCs.” PayPal’s newly unveiled product roadmap for crypto includes becoming a CBDC platform. …
PayPal CEO says the payments giant wants to be ‘the digital wallet for global CBDCs’ Read More »
The Office of the Comptroller of the Currency (OCC) granted another crypto-focused firm conditional approval to operate as a national bank. Protego will join Anchorage as a banking editor with approval from the federal government, according to a new announcement from the U.S. banking regulator. Protego aims to serve institutional clients interested in digital assets. …
OCC grants conditional bank charter to another U.S. digital asset-focused company Read More »
A demonic digital artwork on the Ethereum blockchain has been sold for a small fortune via peer-to-peer marketplace OpenSea. Selling for 420 ETH (roughly $650,000 at the time of purchase on Wednesday), the collectible non-fungible token (NFT)-based artwork is known as a Hashmask. The buyer, @seedphrase on Twitter, posted: The Hashmask platform, from Switzerland-based Suum …
Rare Hashmasks Digital Artwork Sells for $650K in Ether Read More »
The Reserve Bank of India (RBI), the country’s central bank, has said that it is exploring the need for digital currency. In a booklet on payment systems published Monday, the RBI said if there is a need for a digital rupee, it will explore how to operationalize it. “Private digital currencies (PDCs) / virtual currencies …
India’s central bank says it is exploring the possibility of digital currency Read More »
Some rudimentary pixel art just sold for 605 ETH, or $761,889 at purchase. FlamingoDAO, a decentralized autonomous organization (DAO) for investing in digital collectibles, is behind Saturday’s eye-popping CryptoPunk sale. Only nine such “Aliens” exist in the CryptoPunk universe, which pioneered non-fungible tokens (NFTs) in 2017 and are the “Holy Grail” for an emerging class …
Early CryptoPunk Digital Collectible Sells for $762K in Ether Read More »
Cryptocurrency seized by U.K. police during investigations will now be securely stored by digital asset manager Komainu. Under a new framework service agreement with the Derbyshire Constabulary on behalf of the National Police Chiefs Council (NPCC) Cybercrime Programme, Komainu will be responsible for providing a more “robust” means to store cryptocurrencies seized during investigations across …
Digital Asset Manager Komainu to Provide Custody of Crypto Seized by UK Police Read More »
Residents in Shenzhen have proceeded nearly 140,000 transactions in digital yuan during a 10-day city-wide test of China’s central bank digital currency, known as DC/EP. The city of Shenzhen conducted a second run of the digital yuan test starting from January 7 by giving away $3 million worth-of digital yuan to 100,000 local citizens via …
Shenzhen’s latest $3m digital yuan test sees nearly 140k transactions Read More »
The investment giant predicts CBDCs will continue gaining steam, although a “launch among Western countries seems unlikely to occur anytime soon.” Source link
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