2,430% Surge: Why Central Bank Digital Currencies Are Set to Explode

October 29, 2024 Bitcoin.com

bitcoin.com

The explosive growth of central bank digital currencies, expected to surge 2,430% by 2031, could revolutionize global payments, slashing cross-border transaction costs by billions. The Global Payment Shake-Up: CBDCs Poised to Transform Transactions Juniper Research, a market research and consulting firm specializing in digital technologies and innovation, released a report on Monday, forecasting a massive […]

BlackRock’s Bitcoin ETF suffers record-high outflows of 2 million

BlackRock’s Bitcoin ETF suffers record-high outflows of $332 million

Norway’s Central Bank on CBDC Progress: We’re Not Falling Behind

October 24, 2024 Bitcoin.com

bitcoin.com

Norway’s central bank is on track to decide by 2025 whether to adopt a central bank digital currency (CBDC), but officials stress there’s no urgency. Despite Norway’s cashless society, with only 2% using cash, the bank is carefully studying both retail and wholesale CBDC options, emphasizing complex issues and the need for collaboration with other […]

BlackRock’s Bitcoin ETF suffers record-high outflows of $332 million

Global Finance Faces a Shift as Mbridge Digital Currency Platform Challenges US Dollar

October 24, 2024 Bitcoin.com

Asean

The People’s Bank of China emphasized the Mbridge platform’s role in improving cross-border payments through the use of central bank digital currencies (CBDCs), aiming to reduce inefficiencies and avoid new barriers. The platform, which targets underserved regions like ASEAN, could reshape global finance and challenge the U.S. dollar’s dominance while requiring careful coordination to maintain […]

BlackRock’s Bitcoin ETF suffers record-high outflows of $332 million

Digital Ruble and Sanctions: Expert Analyzes Russia’s Digital Currency Plan to Evade Western Control

October 19, 2024 Bitcoin.com

Alexandra Prokopenko

A Fellow at the Carnegie Russia Eurasia Center and former adviser at the Central Bank of Russia has weighed in on the digital ruble, Russia’s central bank digital currency (CBDC), highlighting its potential role in reshaping Russia’s financial landscape amid sanctions. While the digital currency could offer new avenues for trade and reduce reliance on […]

BlackRock’s Bitcoin ETF suffers record-high outflows of $332 million

US Senator Sounds Alarm on 3 Major Crypto Threats — Could Digital Assets Be in Danger?

October 15, 2024 Bitcoin.com

bitcoin.com

Utah Republican senator Mike Lee outlined three major regulatory risks to the cryptocurrency industry at the recent Permissionless III crypto conference. They are the creation of a central bank digital currency (CBDC), fragmented state regulations, and heavy federal oversight. He warned these could threaten the digital assets sector, saying, “Cryptocurrency is not a security. Cryptocurrency […]

BlackRock’s Bitcoin ETF suffers record-high outflows of $332 million

Blackrock CEO Larry Fink Declares Bitcoin an Asset Class, Rivaling Gold in Investment Potential

October 15, 2024 Bitcoin.com

Bitcoin

Blackrock CEO Larry Fink has emphasized bitcoin’s growing legitimacy as an investment, calling it an alternative to commodities like gold. “We believe bitcoin is an asset class in itself,” said the CEO of the world’s largest asset manager. Fink downplayed regulatory changes, arguing broader acceptance and liquidity will drive market expansion. With the firm’s bitcoin […]

BlackRock’s Bitcoin ETF suffers record-high outflows of $332 million

Brazillian Central Bank Invites New Participants to CBDC Pilot Program

October 13, 2024 Bitcoin.com

bitcoin.com

The Brazilian Central Bank is opening the drex CBDC pilot to new entrants, aiming to test more advanced use cases and privacy solutions for the project’s second phase. Thirteen use cases have been confirmed, including carbon credits, agricultural bonds, and foreign trade platforms. Brazilian Central Banks Opens CBDC Pilot to New Consortiums Brazil is preparing […]

BlackRock’s Bitcoin ETF suffers record-high outflows of $332 million

Banks to join SWIFT digital asset trials in 2025

October 3, 2024 Coin Telegraph

Banks

SWIFT said it is uniquely positioned to interlink the fragmented digital asset landscape with its forthcoming digital currency trials in 2025.

Banks in North America, Europe and Asia are preparing to participate in trials involving digital assets by the Society for Worldwide Interbank Financial Telecommunication (SWIFT).

SWIFT announced on Oct. 3 that it will begin digital asset trials on its network in 2025. The trials will involve experiments with transactions that include multiple digital currencies and assets.

Source: SWIFT

BlackRock’s Bitcoin ETF suffers record-high outflows of $332 million

Hong Kong CBDC Pilot Enters Phase 2 With New Firms to Advance Digital Currency Use Cases

September 26, 2024 Bitcoin.com

bitcoin.com

The Hong Kong Monetary Authority (HKMA) has moved into Phase 2 of its e-HKD pilot program, expanding its exploration into tokenized deposits and e-HKD. With 11 groups of firms selected, the initiative delves into practical applications such as offline payments and asset settlement. The creation of an industry forum aims to solve potential challenges while […]

BlackRock’s Bitcoin ETF suffers record-high outflows of $332 million

Bank of Canada Redirects Efforts Away From Retail CBDC

September 23, 2024 Bitcoin.com

Bank of Canada

The Bank of Canada has announced a strategic shift away from developing a retail Central Bank Digital Currency (CBDC) to focus on broader payments system research and policy development. This decision follows a public consultation in 2023, which revealed significant privacy concerns among Canadians. While the central bank remains open to revisiting the idea of […]

CBDC

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