The Bank of Japan (BOJ) has revealed its plan to kick start a proof-of-concept phase on the issuance of its central bank digital currency (CBDC) next year. The nation’s central bank reported that it was preparing its issuance capabilities in case of a surge in public demand for digital currency rose rapidly. Resilience is of … Continue reading Bank of Japan to Launch CBDC Proof-of-Concept in 2021
The governor of the Philippines Central Bank, the Bangko Sentral ng Pilipinas (BSP), Benjamin Diokno has recommended further research with respect to the Philippine’s plans toward the development of a central bank digital currency dubbed the Digital Peso. As reported by Business Inquirer on Oct 22, Governor Diokno gave his recommendation to research further following … Continue reading Philippines Central Bank To Research Further Before Launching its CBDC
The United Nations Office of Drugs and Crime (UNODC) has disclosed that the ball is in Kenya’s court to embrace blockchain technology if it is serious about fighting runaway corruption, which has infiltrated the nation’s public and private sectors. Bridging the corruption gap According to audit reports, the primary corruption loophole in Kenya entails manipulating … Continue reading UN Agency Advises Kenya to Embrace Blockchain Technology to Tame Corruption
Uniswap UNI token’s record low and record high are $0.3 and $15 respectively, both occurring on the day of its launch on Sept 17. On Nov 5, UniSwap’s UNI token was trading at $1.756, dropping by 75.4%. Since then, the governance token has recovered and we have seen a 133% increase. Uniswap UNI token price analysis … Continue reading Risk or Opportunity: Uniswap's UNI Rose by 133% and SushiSwap by 143% in the Past 12 Days
The Central Bank of The Bahamas, Island Pay local mobile payment service provider, and Mastercard have partnered to give the people of Bahamas greater flexibility when transacting with the Sand Dollar – Bahamas’ central bank digital currency. The new program is designed to enable citizens to instantly convert the central bank digital currency into cash … Continue reading Mastercard Tapped to Issue Prepaid Cards Linked to Bahamas’ Central Bank Digital Currency
MicroStrategy Incorporated, a Nasdaq-listed business intelligence and software firm, topped up its Bitcoin (BTC) accumulation with an additional 229 Bitcoin (BTC) purchase in cash. The latest purchase, worth as much as $10 million, came few days after the company acquired 271 units of the cryptocurrency, establishing its stance as a true Bitcoin investor. As revealed by Michael … Continue reading MicroStrategy Scoops Up Extra 229 BTC Worth $10M
China intensified law enforcement against domestic Bitcoin mining activities. Bitcoin mining sites in Sichuan Province were reportedly massively disconnected and lost their abilities for further mining operations, according to local media’s coverages. The disconnection was reportedly occurred since Sunday, citing local media’s coverages. Some firms even closed their facilities prior to the outage. According to … Continue reading China Shuts Down Over 90% BTC Capacity, Sichuan BTC Sites Massively Offline
The Central Bank of the Republic of Turkey (CBRT) announced that it has signed agreements with several major institutions and also created the “Digital Turkish Lira Collaboration Platform” to expand its research into the potential benefits of introducing a CBDC (Central Bank Digital Currency) to complement the existing payment infrastructure. Turkey’s central bank said that … Continue reading Turkish Central Bank Announces Partnership with Technology Firms to Develop CBDC
Ghana is working on developing offline usability for its upcoming Central Bank Digital Currency (CBDC) to ensure that all segments of society use digital currency. Speaking at the Ghana Economic Forum on Monday, October 18, Kwame Oppong, the head of fintech and innovation at the Bank of Ghana (BoG), announced that the effort to bring … Continue reading Ghana Examining Offline Use of Its “E-Cedi” CBDC
Iran has announced a fresh ban on licensed cryptocurrency mining in the nation until March 6 as part of a commitment to save power and avoid potential blackouts in the forthcoming winter season. Mostafa Rajabi Mashhadi, director of the state-run Iran Grid Management company and a spokesman for Iran’s power industry recently announced that the … Continue reading Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season