The financial watchdog even said that ambitious central banks developing digital currencies might come up against their own laws.
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Ecuadoran presidential candidate Giovanny Andrade shared his plans to create a national cryptocurrency for the Latin American country based on the gold standard. Giovanny Andrade is the president of the Ecuadorian-Chilean Chamber of Mining and has been a supporter of the dollarization of the Ecuadorian economy started…
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Tesla CEO Elon Musk is acknowledging a claim that Bitcoin can potentially be the cure for the loose monetary policies adopted by the world’s central banks. Responding to a tweet, Musk disputes the claim that money is just a tool to move value across space and time.…
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While many nations are moving to develop digital currencies, the International Monetary Fund (IMF) reports that only a number of countries are legally allowed to do so. In a recent blog post, the IMF reports that according to various surveys, an increasing number of central banks are…
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Commenting on the preliminary numbers for 2020, Germany’s NAGA Group said that it expects record sales of €25.9 Million during the year. The company expects the growth to continue in 2021 and witness a 2x rise. Optimistic sales guidance Providing sales guidance for 2021, NAGA Group announced…
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After a mega-rally last week, the Bitcoin (BTC) price finally tanked 20% going to $30,500 on Monday, January 11, in a market-wide bloodbath. However, this gave an opportune moment for Bitcoin critics to rant their criticism about the world’s largest cryptocurrency. Over the last few months, there’s…
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US Dollar Coin (USDC) is a stablecoin—a cryptocurrency token pegged to the value of a real-world asset, in this case the US Dollar.
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City Bank recently partnered with the International Islamic Trade Finance Corporation (ITFC) to execute the first blockchain LC transactions compliant with Shariah laws. First Shariah compliant transaction The Jeddah-based ITFC partnered with City Bank Bangladesh to execute the first Shariah-compliant cross-border blockchain transaction in the world. The…
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2020 was a strange year for the entire world. The pandemic intensified all over the world resulting in lockdowns on a large scale. Notably, the stock markets around the world have enjoyed unprecedented gains except in Europe. Nonetheless, the economic outlook in the world’s biggest economy is…
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In an opinion piece for the Financial Times, Brian Brooks warns of “new risks” in the world of decentralized finance.
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