CBDC

Independent Presidential candidate Robert F. Kennedy Jr. reiterated his worries about central bank digital currencies (CBDCs) and their potential threat to financial autonomy, promoting Bitcoin (CRYPTO: BTC) as a potent solution. What Happened: In conversation with Peter McCormack on the “...

Standard Chartered ADR (OTCMKTS: SCBFY) Bank (China) announced it initiated the offering of digital yuan exchange services to customers. What Happened: The multinational bank’s China division is working with City Bank Clearing Services to give customers access to the digital yuan's...

IMF Managing Director Kristalina Georgieva called for faster adoption of central bank digital currencies (CBDCs) to improve sluggish and costly cross-border payments at the Singapore FinTech Festival on Wednesday. Georgieva’s Keynote Address Highlights: During her address,...

Ripple’s native token, XRP (CRYPTO: XRP), has experienced a surge of 8% today, surpassing the performance of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) in the last 24 hours. What Happened: As of the time of writing, XRP was trading at $0.67, while both Bitcoin and Ethereum recorded...

Ripple (CRYPTO: XRP) saw a 10% surge in its weekly price movement as it took to unlocking 1 billion XRP in three escrow accounts as part of its usual monthly practice. What Happened: Blockchain tracker, Whale Alert data as reported by CoinGape indicated that an unidentified wallet transferred 50...

The Reserve Bank of India (RBI) is among the banks in India looking to rapidly increase the country’s digital currency trading volumes and promote the use of Central Bank Digital Currency (CBDC) e-rupee. Incentives such as cashback along with reward...

Deutsche Bank (NYSE: DB) and Standard Chartered’s (OTCMKTS: SCBFF) SC Ventures have undertaken a testing system enabling blockchain-based transactions, stablecoins, and CBDCs to interact with one another just like the SWIFT messaging layer in legacy banking infrastructure. Find out details...

Michelle Bowman, a member of the U.S. Federal Reserve Board, expressed reservations about the necessity and viability of a U.S. central bank digital currency (CBDC). During a discussion at Harvard Law School on Tuesday, she said, "The potential benefits of a U.S. CBDC remain unclear, and the...

Global payments company Mastercard (NYSE: MA) derived a solution wherein central bank digital currency (CBDC) will be allowed to be tokenized on different blockchains. This will expand the available payment options for consumers. Find out more about digital assets like CBDCs. Meet and engage...

Podcaster Joe Rogan expressed his optimism for Bitcoin (CRYPTO: BTC), highlighting its potential to become a “universal viable currency.” What Happened: In an episode of The Joe Rogan Experience podcast on Friday, Rogan said that Bitcoin’s limited supply and decentralized mining...

Working on setting up a CBDC pilot project from at least 2020, the Bank of Korea has now partnered with two other financial authorities and announced the launch of a wholesale CBDC pilot project with banks and institutions. However, the government does not ensure any implementation. What...

Two significant developments occurred for Ripple this week; the company withdrew from the Fortress acquisition, as the inclusion of Ripple Labs in the NBG’s exclusive list marked notable gains in price and volume for XRP (CRYPTO: XRP). What Happened (Fortress Deal)?   In...

Robert Kiyosaki, the author of “Rich Dad Poor Dad,” on Thursday tweeted about the future of Bitcoin (CRYPTO: BTC) in light of the potential introduction of a Central Bank Digital Currency (CBDC).  What Happened: Kiyosaki raised concerns about the erosion of privacy and the increasing...

The U.S. House of Representatives is set to deliberate on a new crypto bill after it received the green light from a committee on Wednesday. This move signified a step forward for the digital assets legislative process in Congress. The bill, championed by Republicans in the House...

U.S. Rep. Rudolph Yakym (R-Ind.) announced on Monday support for the earlier reintroduced CBDC Anti-Surveillance State Act by Majority Whip Tom Emmer, as reported by CoinGape. The act is to halt “The efforts of unelected bureaucrats in Washington, D.C. from issuing a central...