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digital currency News and Articles

digital currency

DappRadar: Digital currencies have entered a phase of consolidation


In the third quarter of 2022, the cryptocurrency market entered a long phase of consolidation. A recovery began in September, according to a DappRadar report. One of the most important events of the third quarter was the renewal of Ethereum and the transition of the network to the Proof-of-Stake...


Georgia plans to legalize digital currencies


The Georgian authorities have been refusing to recognize cryptocurrencies as a payment instrument over the past few years. Back in mid-2019, a law on the taxation of miners and traders began to operate in the country. At the same time, plans appeared to create an infrastructure in Georgia for...


Jamaica announced trials of its token


Back in March 2021, the Central Bank of Jamaica promised to begin testing its digital currency (CBDC) in May. The tests should be completed by the end of this year, the regulator emphasized. This week, the Bank of Japan announced that testing of the digital currency will begin in August. The head...

South Korea

South Korean exchanges suspend trading in some cryptos


Due to pressure from the authorities, South Korean crypto exchanges began to exclude some digital currencies from the listing. First of all, this refers to the tokens that pose the greatest risk for investors, according to the news agency Arirang. Reporters found out that the Upbit exchange decided...

Jerome Powell about digital currencies

Jerome Powell Notes Digital Currencies and Fiat Can Coincide


US Federal Reserve chairman Jerome Powell stated that in the following years state-released digital currencies and CBDCs can perform side by side with fiat banknotes. He expressed this view during a virtual payment summit held in Basel, Switzerland. CBDCs are powered by blockchain to reach...

Amazon to launch Digital currency project

Amazon to Bring Out "Digital Currency" Project in Mexico


Washington-based massive online retailer Amazon is planning to build a "Digital Currency" project in Mexico. Details aren't known yet as the community learned about the news by the company's job announcements. Apparently, Amazon is looking for developers to deploy a payments system...

CBDC, what is it

What Is CBDC? Which Are the Countries Experimenting With It?


The concept of CBDC CBDC (Central Bank Digital Currency) is a new class of currency that different governments worldwide are observing. The main difference between CBDC and regular currencies is that the first one is designed to run innovative payment solutions, especially a blockchain in order to...

Bank of Canada

Bank of Canada won’t issue CBDC in the nearest future


Central Bank of Canada isn't going to generate its digital currency soon, said Timothy Lane, the bank's deputy head. He remarked that many Canadians are faced with long delays and the high cost of cross-border transfers that digital currencies may solve. BTC failed to come to be the “cash of the...

WEF Davos CBDC guide

Guideline for central bank digi-currency introduced in Davos


The Swiss non-governmental organization World Economic Forum (WEF) has introduced the first of its kind guide for central banks developing their own digital coins. This was reported on the WEF website. The CBDC Policy Maker Toolkit framework provides guidelines for central banks in various...

The State Administration of Foreign Exchange

Chinese official began pushing blockchain after Xi’s speech


On October 24 Xi Jinping, president of China, spoke about the significance of using blockchain technology and encouraged everyone in China to make the country leading in this sphere. After this speech, a senior Chinese foreign-exchange governing official called for “special attention” to be...

Facebook Libra

Facebook warns Washington: Beijing will win if Libra fails


Facebook Inc. warns Washington that if the corporation’s plans for launching a cryptocurrency fail, it will be a huge win for China. David Marcus said in an interview that China is going ahead and trying to create a digital payment system with a worldwide reach and, at the same time, the US is...

Walmart attempts to patent a method of using cryptocurrency

Walmart attempts to patent a method of using cryptocurrency


It seems that Walmart also desires to follow Facebook’s example and try itself in the world of cryptocurrencies. The giant retailer is trying to patent a way to apply digital coin attached to a usual fiat currency, which intends to all cheaper and quicker transactions as well as loyalty features....

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