Category: Fiat Money

Swiss National Bank and BIS complete digital currency proofs-of-concept

December 4, 2020

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The Swiss National Bank and the BIS don’t want to miss out on possible blockchain-powered benefits for the financial system. 3418 Total views 27 Total shares The Bank for International Settlements and the Swiss National Bank and are exploring the benefits of implementing a central bank digital currency, or CBDC, using blockchain technology. According to […]

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Former Bank of Japan exec says Japan will need years to issue digital yen

November 17, 2020

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A former Bank of Japan official is concerned about a digital yen triggering massive outflows from private bank deposits. 5174 Total views 36 Total shares Hiromi Yamaoka, former head of the payment and settlement systems department at the Bank of Japan, said that the country will likely need several years before it can issue a […]

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DeFi is here to stay despite signs of a bubble, says Binance CEO

November 17, 2020

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Cryptocurrencies like Bitcoin are the best form of money, Binance’s CEO says. 5272 Total views 33 Total shares Changpeng Zhao, the CEO of the world’s largest cryptocurrency exchange Binance, said that decentralized finance is here to stay despite many DeFi projects showing signs of being in a bubble. In a Nov. 17 interview with Russia’s […]

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Bitcoin hits all-time high against Russian ruble

November 5, 2020

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Bitcoin has never been worth so many rubles. 1439 Total views 12 Total shares Amid the ongoing rally in cryptocurrency markets, Bitcoin (BTC) has secured another milestone by hitting a new all-time high against Russia’s national currency, the ruble. According to data from major crypto tracking website CoinGecko, Bitcoin has broken another historic high against […]

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Abra CEO’s portfolio is 50% Bitcoin as cash is ‘becoming worthless’

October 26, 2020

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Abra’s CEO purportedly increased his holdings prior to Bitcoin touching new 2020 highs. 6383 Total views 53 Total shares The co-founder and CEO of major cryptocurrency company Abra is clearly bullish on Bitcoin (BTC). In an Oct. 23 tweet, Bill Barhydt, CEO of peer-to-peer payments platform Abra, claimed that he has significantly increased his Bitcoin […]

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New Zealand has no imminent plans to issue CBDC, says central bank exec

October 20, 2020

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Important questions about CBDCs remain unanswered for the Kiwis’ central bank. 5540 Total views 28 Total shares Financial authorities in New Zealand are in no hurry to issue a central bank digital currency, or CBDC, according to a central bank executive. Christian Hawkesby, assistant governor at the Reserve Bank of New Zealand, claimed that the […]

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Bitcoin genesis block is the ‘New Testament’ of finance

October 17, 2020

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“Fiat lux”, said God, having created heaven and earth, which was filled with darkness. And then, there was light. At least, that’s what the Holy Bible tells us. Translated to English, this Latin phrase means “let light be made.” For Christians, who much of the global population, these words mark the beginning of time and […]

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