The Bank of Japan is reportedly expediting the development of its Central Bank Digital Currency (CBDC). A top official of the Asian giant’s apex bank Takeshi Kimura confirmed this while speaking to Japanese news outlet The Asahi Shimbun. Takeshi said that the bank will begin substantive testing of its CBDC as pressure mounts following the … Continue reading Bank of Japan Now Considers its CBDC Project a Top Priority
Bank of Japan’s top economist, Kazushige Kamiyama is now the head of payments and settlements and at the helm of Japan’s exploration of its Central Bank Digital Currency (CBDC) project. The Bank of Japan announced today, July 31, that it has appointed its lead economist, Kazushige Kamiyama to lead its payments and settlements department which … Continue reading Bank of Japan Puts Top Economist in Charge of CBDC Development
Ethereum’s price on the crypto market underwent a lot of fluctuations in the span of 15 minutes yesterday, causing quite a stir in the crypto community. Market Experts on Ethereum Across major coin exchanges, such as Binance Futures, Ethereum (ETH) peaked at $418, but within 5 minutes, it dropped by 25%. Eventually, it climbed back to $385 within a … Continue reading Cause for Concern? Ethereum's 15 Minutes of Extreme Volatility Explained
Former Chinese banker, Wang Yongli suggested that a push for digital currencies to substitute all currencies is needed to support monetary operation reforms. Wang, the Director of Haixia blockchain research institute and former vice president of Bank of China said that China’s central bank digital currency (CBDC), also known as its digital currency electronic payment … Continue reading China’s CBDC Should Start Replacing Cash But Not Confined to Substitution, says Former Chinese Banker
With the launch of Ethereum 2.0 testnet set to be released on August 4 at 1 pm UTC, the Ethereum Foundation has been looking to build a security team that will be responsible for maintaining ETH 2.0. Cybersecurity 2.0 The security team’s main point of focus would be to attend to any potential cybersecurity issues and maintain the … Continue reading Ethereum Gathers Cybersecurity Team Dedicated to ETH 2.0 Final Testnet Launch
The People’s Bank of China through the use of its proposed Digital Currency Electronic Payment DCEP system aims to tackle the dominance of WeChat Pay and Alipay in the nation’s digital payment ecosystem. The news was reported days after the People’s Bank of China urged the nation’s top antitrust agency to probe the dominance of … Continue reading Alipay and WeChat Pay Could Be Casualties of China's Digital Yuan
Litecoin’s core developer, David Burkett confirmed that the test network for MimbleWimble’s implementation is set for September this year. Litecoin features faster transaction verification times and improved storage efficiency compared to Bitcoin. Litecoin is taking a step further towards implementing the MimbleWimble on the network, and Burkett noted that “confidence is returning to the space … Continue reading Litecoin Confirms MimbleWimble Test Network Set Later This Year, LTC Price Predictions are High
China’s major state-run banks are testing out its central bank digital currency (CBDC) digital wallet application. The Chinese central bank, having said that its CBDC, also known as digital currency electronic payment (DCEP), is “almost ready,” is finally moving a step closer to its official launch nationwide. According to Wang Zongmin, a former deputy chairman … Continue reading China’s Major State-Run Commercial Banks Test CBDC Digital Wallet
China’s Blockchain Service Network, introduced in early 2020, has launched an official international website. The Chinese Blockchain Service Network (BSN), has been open for commercial use since April 2020, after six months of internal testing. The BSN aims to provide small businesses and individuals to operate blockchain applications easily without using a private blockchain network. … Continue reading China’s Blockchain Service Network Unveils New International English-Based Website
China’s central bank digital currency (CBDC) has been successfully launched earlier this year and the country is currently continuing its path towards fully launching its digital currency electronic payment (DCEP). Recently, China’s major state-run banks have been testing out the country’s CBDC, according to Wang Zongmin, a former deputy chairman of the Social Security Fund … Continue reading China Hand-Picks the Greater Bay Area Surrounding Hong Kong to be the First to Deploy its CBDC