CBDCs | Crypto Profit Bot

Bank of Russia Fields Banking Industry Concerns Over Digital Ruble Proposal

November 27, 2020

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Nov 27, 2020 at 3:16 p.m. UTC Bank of Russia Fields Banking Industry Concerns Over Digital Ruble Proposal The deputy chairwoman of the Bank of Russia, Olga Skorobogatova, met with representatives of several major banks Thursday, seeking early feedback on the concept of a digital ruble. According to Russian newspaper Kommersant, the bankers were chiefly […]

Digital Yen Would Make Crypto Markets ‘More Lively,’ Says CEO of Monex Group

November 25, 2020

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Nov 25, 2020 at 10:02 a.m. UTCUpdated Nov 25, 2020 at 2:33 p.m. UTC Japanese yen(SNEHIT PHOTO/Shutterstock) Digital Yen Would Make Crypto Markets ‘More Lively,’ Says CEO of Monex Group The chief executive of Monex Group, a financial services firm based in Tokyo, believes central bank digital currencies (CBDC) would be a boon for the […]

What the History of Airlines Tells Us About Blockchain Commerce

November 18, 2020

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Nov 18, 2020 at 3:26 p.m. UTC What the History of Airlines Tells Us About Blockchain Commerce We may be nearly 30 years into the internet era but nearly every asset, product and service in the global economy remains an offline asset. From cars to farm tractors to apartments to storage spaces, the truth is […]

The Smart Money Economy

November 17, 2020

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Nov 17, 2020 at 3:17 p.m. UTCUpdated Nov 17, 2020 at 3:19 p.m. UTC Workers from Chinese e-commerce giant JD.com(Kevin Frayer/Getty Images) Over the last several weeks, crypto asset prices have climbed to new heights. Bitcoin alone has broken the $300 billion market capitalization barrier, equivalent to the M1 money supply of a number of […]

From PayPal to Libra: Big Tech Has Forced Central Banks to Wake Up to CBDCs, Says Benoit Coeure

November 13, 2020

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Nov 13, 2020 at 2:34 p.m. UTCUpdated Nov 13, 2020 at 3:25 p.m. UTC Benoit Coeuré, head of the BIS Innovation Hub(Andrej Klizan/Flickr) From PayPal to Libra: Big Tech Has Forced Central Banks to Wake Up to CBDCs, Says Benoit Coeure Libra was the final wake-up call for central banks that prompted serious consideration of […]

Debate Rages on Whether a Digital Dollar Will Unleash Inflation

November 9, 2020

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DoubleLine CEO Jeff Gundlach warns of inflation with a digital U.S. dollar. (DoubleLine Capital) Debate Rages on Whether a Digital Dollar Will Unleash Inflation With record U.S. money printing failing to achieve much-needed economic stimulus, some observers now expect creation of a “digital dollar” central bank digital currency (CBDC) will not only speed payments to […]

Norway Central Bank Official Says ‘No Acute Need’ to Introduce a Digital Currency

November 9, 2020

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Nov 9, 2020 at 10:55 UTCUpdated Nov 9, 2020 at 12:43 UTC Norway Central Bank Official Says ‘No Acute Need’ to Introduce a Digital Currency The deputy governor of the Norway’s central bank said there’s no urgent need for the nation to launch a digital krone in a speech at the country’s Finance Payments Conference […]

Coronavirus Driving Interest in CBDCs, Say Central Bank Chiefs

November 6, 2020

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Nov 6, 2020 at 15:16 UTCUpdated Nov 6, 2020 at 15:38 UTC Elvira Nabiullina, Bank of Russia chief (BoR Press conference) A group of central banks says the coronavirus pandemic is a driving force behind growing interest in national digital currencies. Governors of 26 central banks met in Russia to discuss the pandemic and its […]

Overstock’s Medici Ventures Invests $8M in Blockchain Firm Bitt

October 28, 2020

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Oct 28, 2020 at 13:46 UTCUpdated Oct 28, 2020 at 14:51 UTC Overstock CEO Jonathan Johnson(CoinDesk archives) Overstock’s Medici Ventures Invests $8M in Blockchain Firm Bitt Medici Ventures has completed an $8 million equity purchase in Barbados-based Bitt, bringing it a controlling interest in the blockchain firm. Medici’s latest investment will help it chase market […]

Ethereum Developer ConsenSys to Assist French Bank With CBDC Pilot

October 28, 2020

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Oct 28, 2020 at 12:08 UTCUpdated Oct 28, 2020 at 13:25 UTC (Roman Tiraspolsky/Shutterstock) ConsenSys, a company that develops for Ethereum and funds ecosystem startups, is to help French bank Societe Generale carry out research on a central bank digital currency (CBDC). Announced in a blog post on Wednesday, ConsenSys will work with Societe Generale […]

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Category: CBDCs