A new collaboration to release central bank digital currencies: Visa and ConsenSys on CBDC tech

Highlights:

Visa and ConsenSys have been in talks with central banks around the globe regarding the new tech for central bank digital currencies.

This duo is partnering into pilot cases to test the usability of digital currencies.

ConsenSys is a bloc...

THE 2ND OLDEST BANK OF THE US, STATE STREET TURNS TO DIGITAL ASSET TRADING

Highlights:

•       Currently, State Street’s technology arm Currenex is coordinating with UK’s Pure Digital to create the digital trading platform

•       The launch is expected in the middle of...

IT’S A DEAL; PAYPAL ACQUIRES CURV

Highlights:

•        Paypal is keen on becoming more inclusive in its crypto offerings

•        Curv is a part of Paypal’s expansion plan.  

Paypal Holding Inc shall acquire Te...

REPORT: ONLY 8% CYBER CRIMINALS USE EXCHANGES FOR TRANSACTIONS

Highlights:

•             Cryptocurrencies are increasingly being used by criminals who hoard stolen digital currencies

•             The cryptocur...

REGULATORS NEED TO SPEED UP ON DIGITAL CURRENCIES

Highlights:

• Central banks are under pressure that Facebook’s Libra could reduce the control over money across the globe.
• G20 finance ministers stated that risks need to be evaluated before the global stablecoins start operation.
• The s...

Sarb plans to introduce regulations on the use of digital currencies

Specifically, the South African Reserve Bank (Sarb) plans to introduce regulations on the use of digital currencies, or bitcoins, in an attempt to prevent them from being used to circumvent currency controls.

Sarb Deputy Governor Kuben Naidoo announced last week that the rules would be ...

Federal Reserve chairman claims there is no point in digital currencies of the central bank

The former US Federal Reserve chairman says there is no point in digital currencies of the central bank (CBDC).

Speaking at today's annual conference on CBDCs in Chinese finance magazine Caijing, former chairman Alan Greenspan said: "There's no point in them doing it,"...

Cryptocurrencies take a huge hit

As the world Is stressing on adapting the cryptocurrencies and digital currencies, the uncertainty of these currencies is causing a major issue. And with no proper norms to measure how these currencies react, we can expect that these currencies will never be mainstreamed.

The cryptocurr...

Transformation of the banking sector going good?

The banking sector of the United States has somewhat been giving out mixed signals and the sector has been seeing some major changes and developments as the world trends in the banking sector are changing with the digitization of the financial sectors of the world.

The banking of the Un...