digital – Cryptocurrency Market Price

Bank of England, HM Treasury establish new taskforce to explore digital currency

The Bank of England and HM Treasury have jointly created a taskforce to explore a potential central bank digital currency (CBDC) in the U.K. Announcing the news on Monday, the two government authorities said they have not yet decided whether to introduce a CBDC in the U.K. but will explore its use cases and risks. They will …

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Bank of Japan to begin central bank digital currency experiments later this year

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The Bank of Japan (BOJ) will start experiments on a central bank digital currency (CBDC) this spring, according to central bank governor Haruhiko Kuroda. Reuters reported today that Kuroda said the bank must “prepare thoroughly” to issue a CBDC. That includes experimenting with how it would operate a digital yen during the course of this …

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ECB official floats idea for limits on digital euro holdings to discourage hoarding

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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 …

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PayPal CEO says the payments giant wants to be ‘the digital wallet for global CBDCs’

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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. …

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OCC grants conditional bank charter to another U.S. digital asset-focused company

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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. …

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Rare Hashmasks Digital Artwork Sells for $650K in Ether

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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 …

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India’s central bank says it is exploring the possibility of digital currency

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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 …

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Early CryptoPunk Digital Collectible Sells for $762K in Ether

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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 …

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Digital Asset Manager Komainu to Provide Custody of Crypto Seized by UK Police

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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 …

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Shenzhen’s latest $3m digital yuan test sees nearly 140k transactions

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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 …

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