The popular podcaster and commentator – Joe Rogan – and the famous musician – Austin Richard Post (better known by his stage name Post Malone) – appear to be against the probable launch of a digital dollar. The former went even further, suggesting that such a financial product would cause a “game over” scenario. The potential creation of central bank digital currencies (CBDCs) has emerged as a highly controversial topic, with many other prominent individuals arguing against...
Read More »Ripple-backed XRP Price Struggles to Rally towards $1 despite Regulatory Clarity
CoinspeakerRipple-backed XRP Price Struggles to Rally towards $1 despite Regulatory Clarity The XRP market is heavily bolstered by the adoption of Ripple payment products including On-Demand Liquidity (ODL) and RipppeNet. Ripple-backed XRP Price Struggles to Rally towards $1 despite Regulatory Clarity
Read More »Brazil Gives Name and Logo to Its Central Bank Digital Currency (CBDC) – DREX
CoinspeakerBrazil Gives Name and Logo to Its Central Bank Digital Currency (CBDC) – DREX The DREX CBDC will utilize distributed ledger technology (DLT) for settling wholesale interbank transactions, and retail access will rely on tokenized bank deposits. Brazil Gives Name and Logo to Its Central Bank Digital Currency (CBDC) – DREX
Read More »US Presidential Candidate Ron DeSantis to End Biden’s ‘War on Bitcoin’ if Elected
Ron DeSantis – Governor of Florida and one of the Republicans’ presidential nominees – stated that the “war on Bitcoin and cryptocurrency” that Biden’s administration has supposedly waged will cease should he become the next political leader of the United States. He also reiterated his hostile stance toward central bank digital currencies, saying such a financial product will not see the light of day if he gets elected. DeSantis’ Pro-Bitcoin Promise The US presidential...
Read More »Bank of Korea to Explore CBDC Testing in Selected Regions Outside Seoul
CoinspeakerBank of Korea to Explore CBDC Testing in Selected Regions Outside Seoul While the CBDC testing is scheduled for next year, the road to CBDC implementation is not without its challenges. Bank of Korea to Explore CBDC Testing in Selected Regions Outside Seoul
Read More »A&G Announces Launch of First Crypto Fund in Spain
CoinspeakerA&G Announces Launch of First Crypto Fund in Spain The fund will be audited independently by PwC, one of the world's leading professional services organizations. A&G Announces Launch of First Crypto Fund in Spain
Read More »Nigeria’s Apex Bank Modifies eNaira Model to Boost Adoption
CoinspeakerNigeria’s Apex Bank Modifies eNaira Model to Boost Adoption Today, the eNaira continues to face many challenges from the nation’s monetary policy and financial stability. Nigeria’s Apex Bank Modifies eNaira Model to Boost Adoption
Read More »Vladimir Putin Approves Russian CBDC, Launches In August
The world’s largest country by landmass is set to roll out a digital ruble next week after Russian President Vladimir Putin greenlighted the project on Thursday. The text of the bill amends Russia’s Civil Code to allow the digital ruble to be used for payments, while empowering Russia’s central bank to let real citizens use the currency starting August 1. Accounts for the digital ruble will be managed directly by the central bank, rather than commercial banks.In a statement...
Read More »Korean Banks Start Research on Alternative for Stablecoins and CBDC
CoinspeakerKorean Banks Start Research on Alternative for Stablecoins and CBDC Private banks are exploring blockchain-based "certificate of deposit" tokens (CDs) that will replace deposits and customary notes. Besides, they can also easily integrate with CBDCs. Korean Banks Start Research on Alternative for Stablecoins and CBDC
Read More »French Central Bank Unveils Results of Extensive Wholesale CBDC Tests
CoinspeakerFrench Central Bank Unveils Results of Extensive Wholesale CBDC Tests The French Central Bank is not alone in conducting wholesale CBDC experiments. For example, the Bank of England (BoE) is set to conduct a similar test soon. French Central Bank Unveils Results of Extensive Wholesale CBDC Tests
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