EY-Led Consortium Submits Bid To Help Develop South Korea's CBDC

A consortium led by Ernst and Young has made the first and only bid to construct the business model for the Bank of Korea’s Central Bank Digital Currency project.

Digital ruble, the future of Russian money circulation: Russian govt official

An official from the Russian Central Bank’s National Banking Council, Anatoly Aksakov said that Russia’s CBDC, the digital ruble, would be the “future” of all money circulation in the country, The post Digital ruble, the future of Russian money circulation: Russian govt official appeared first on AMBCrypto.

Philippines Central Bank To Research Further Before Launching its CBDC

Philippines Central Bank governor Benjamin Diokno has recommended further research with respect to the proposed Digital Peso, central bank digital currency.

Race to Launch Bitcoin and Crypto Services Will Now Spread Through Banking Industry, Says Galaxy Digital’s Mike Novogratz

Ex-hedge fund manager and chief executive officer of Galaxy Digital, Mike Novogratz, says news of PayPal’s crypto adoption will inspire all banks to cater to Bitcoin and crypto.

DOJ’s Crypto Framework Is ‘a Complete Disaster’ for Digital Privacy Rights

The US Department of Justice's enforcement framework may pose a serious threat to the digital privacy rights of crypto users.

VeriTX partners with Algorand to deliver on-demand aircraft parts

In what is a significant development, Algorand will be partnering with VeriTX to build a digital marketplace for Aerospace Manufacturing. In a recent announcement, VeriTX Corp, a marketplace for di The post VeriTX partners with Algorand to deliver on-demand aircraft parts appeared first on AMBCrypto.

Philippines' central bank isn’t ready to pull the trigger on a CBDC

The central bank wants to learn from private-sector digital currencies — but still believes they are inferior to central bank money. Philippine central bank governor Benjamin Diokno has announced that the institution's "exploratory" study of central bank digital currency study suggests that much more work is needed to make a digital peso a reality. During the summer, Bangko Sentral ng Pilipinas had confirmed it was investigating the feasibility and potential policy implications of issuing its own CBDC, or digital counterpart to the physical peso. In a press briefing, Diokno reportedly rejected the possibility that a CBDC could be issued any time in the near future.

PayPal might issue its own cryptocurrency soon, says CoinShares exec

The CSO of CoinShares thinks that a payments-focused PayPal token could be forthcoming. Global digital payment giant PayPal might be moving into issuing its own cryptocurrency after officially entering the crypto industry, according to a major industry exec. Meltem Demirors, CSO at digital asset management firm CoinShares, says that she will not be surprised if PayPal issues its own token after the company broke the news of its soon-to-come support for crypto.. In an Oct.

China’s Ant Group releases digital copyright platform on AntChain

The platform is just the latest product in the fintech’s long-evolving blockchain solutions. Chinese fintech Ant Group — which is now poised to launch what could be the world’s largest initial public offering — has announced a new platform via its blockchain business.  Ant Group spun out from e-commerce giant Alibaba and is the parent company of China’s largest digital payments service Alipay.  Ant Group’s blockchain business, AntChain, has today rolled out a new digital copyright services platform.

Bitcoin Cash, NEM, Decred Price Analysis: 22 October

Proving to be one of the market's top-performing digital assets on the charts, Bitcoin Cash was quick to add over 6% to its value in lieu of the prevailing bull market.

Eyeing EU Banks, Hex Trust Teams With SIA on Crypto Custody

A multinational payments firm is partnering with cryptocurrency custodian Hex Trust to help its European banking clients hold digital assets.

Voyager crypto broker set to open to Europe after LGO merger

LGO exchange is a gateway for Voyager to access Europe. Crypto broker Voyager has teamed up with LGO, a European digital asset exchange focused on institutions.  "LGO and Voyager will merge their services and offering under the Voyager brand, to offer a premium experience to retail cryptocurrency investors, in the US and in Europe," LGO CEO Hugo Renaudin told Cointelegraph.

Russian Civil Servants Required to Declare Crypto Holdings Beginning in 2021

Russia’s public officials will be obligated to declare all their private cryptocurrency and digital asset holdings, effective from the start of 2021.

Central bank digital currency could 'threaten' Bitcoin says CZ

Binance boss Changpeng Zhao aired his views on CBDCs adding that Bitcoin could be under threat if a more advanced currency was launched Changpeng Zhao, the enigmatic chief executive of Binance, believes a central bank digital currency that’s designed well enough could become a threat to Bitcoin.  In a video interview with Fortune senior writer Jeff Roberts, he was asked how the People’s Bank of China’s digital yuan initiative would affect the crypto industry.

United States CFTC Issues Advisory on Digital Currencies for Futures Commission Merchants

The Commodity Futures Trading Commission (CFTC) has released an advisory to futures commission merchants clarifying how to hold digital currencies in segregated accounts.

Will PayPal’s crypto offer turn into a tax nightmare?

US capital gains tax laws are likely to catch out many new users of PayPal's cryptocurrency payments system The news that payments company PayPal will support cryptocurrencies has given the industry a major boost — but there are tax implications that are little understood by crypto noobs. PayPal users will soon be able to use digital assets as a funding source for purchases at its 26 million merchants worldwide.

Hong Kong to “Seize the Opportunities” of China’s Digital Yuan CBDC Development

The Hong Kong government is considering collaborating with the mainland Chinese authorities on the country’s central bank digital currency (CBDC) project.

CFTC Issues Guidance on Digital Currencies for Futures Commission Merchants

The CFTC wants futures commission merchants to take care when dealing with customer's funds.

South Korean telecom launches blockchain wallet for official documents

South Korea's SK Telecom is issuing a blockchain solution for the storage and management of government certificates. The South Korean telecom giant SK Telecom has announced it will issue its first digital wallet for blockchain-powered digital certificate storage and management with the approval of the Ministry of Public Administration and Security. According to NewsTomato, SK’s Wallet is compatible with the ministry’s own Government24 digital certificate initiative, which promotes the use of electronic certificate issuance and distribution systems in South Korea in the wake of the COVID-19 pandemic. SK Telecom’s digitalized public certificates include copies of resident registration cards, health insurance qualification certificates, immigration certificates, among other documents previously issued on paper and signed by hand.

EY, Samsung SDS & Naver-Line Consortium Bids to Test South Korean CBDC

There has been mixed news for the central Bank of Korea (BOK) as it prepares to launch its first pilot for the digital won. The bank is still yet to make an official decision on whether it will actually launch the central bank digital currency (CBDC) or not, but recently claimed that it would deliberate on the matter once the pilot is complete. Per ZDNet Korea, a consortium

Cardano, Zcash, BitTorrent Price Analysis: 21 October

Barring a few digital assets such as Zcash that continued to remain bearish, a swirl of bullish momentum was witnessed in the rest of the crypto market. Towards the end of the day, Bitcoin too gain The post Cardano, Zcash, BitTorrent Price Analysis: 21 October appeared first on AMBCrypto.

CasperLabs readies blockchain platform for 2021 mainnet launch with $14M private sale

A project that started out in the Ethereum ecosystem may soon be a worthy adversary for the network. CasperLabs has raised $14 million in a private validator token sale, with over a dozen investors participating in a round led by Digital Strategies.

Hong Kong ‘Exploring’ Collaboration With China on Digital Yuan: Finance Chief

A cross-boundary digital yuan could bring Hong Kong closer to China, Hui said.

Market Update: Bitcoin Nears $13,000, Holds Record-Breaking 87-Day Streak Above $10K

Cryptocurrency markets have seen intense gains on Wednesday after the payment processor Paypal announced it would be supporting digital currencies.

Litecoin, Ontology, Digibyte Price Analysis: 21 October

With both the digital assets claiming their place in the green zone, on the trading charts, the short-term period outlook for Litecoin and Digibyte remained bullish. For Ontology, however, a bearis The post Litecoin, Ontology, Digibyte Price Analysis: 21 October appeared first on AMBCrypto.

SK Telecom's Digital Wallet, 1 Million WAVES, Coinone Eyes DeFi + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Blockchain news The South Korean telecoms giant SK Telecom has issued a digital wallet for blockchain-powered digital certificate storage and management, reported NewsTomato.

Ethereum Rival CasperLabs Raises $14 Million in Token Sale

Crypto fund Digital Strategy led the funding.

PayPal Finally Enables Cryptocurrency Payments and Shopping

PayPal's customers will finally be able to make payments and shop using digital currencies such as BTC, ETH through PayPal’s online wallets.

Canada’s first public Bitcoin fund hits $100M mark

Shares of Canada’s first publicly listed Bitcoin fund are up 30% since its launch in April. Canadian digital asset manager 3iQ has recorded a major milestone fo its public Bitcoin (BTC) fund. The Bitcoin Fund — Canada’s first Bitcoin fund listed on a major stock exchange — has crossed the $100 million market cap threshold, 3iQ announced in an Oct.

Coinend: 1, 2, 3, Take off - New gamified crypto prediction platform!

Coinend has announced the launch of its cryptocurrency gamified platform.  GPC DIGITAL S.A operates this cryptocurrency-based gamified prediction portal, a corporation incorporated in Panama.

B2BX Exchange Announces B2BX Token Buyback

B2BX, a leading professional digital asset trading platform, has unveiled a token buyback strategy which will involve buying back its own tokens. The move follows an earlier announcement regarding The post B2BX Exchange Announces B2BX Token Buyback appeared first on AMBCrypto.

Breaking: PayPal Goes Bitcoin, Ethereum And More

Today, online payments giant PayPal said will allow its customers to buy, sell and hold bitcoin (BTC), ethereum (ETH), bitcoin cash (BCH) and litecoin (LTC) using the US digital payments company’s online wallets over the coming weeks. The company plans to expand to Venmo and some countries in the first half of 2021. PayPal customers will also be able to use cryptocurrencies

DragonEx crypto exchange considering shutdown amid OKEx 'crisis of trust'

DragonEx is shutting down deposits and withdrawals of all cryptos. DragonEx crypto exchange suspended deposits and withdrawals of all digital currencies on its platform due to issues triggered by OKEx’s ongoing withdrawal freeze. In an official announcement on Oct.

CBDC as a store of value threatens financial system, says German official

The German central bank is considering alternatives to CBDC as a digital payment solutions Burkhard Balz, a German politician and executive board member of the country's central bank, said in a speech on Oct.

What You Need to Know About Jae Kwon’s Cosmos (ATOM) Blockchain

The blockchain network Cosmos is unlike any other that has been created so far, offering interoperable solutions across many digital decentralized protocols.

Central Bank of Bahamas Launches Landmark ‘Sand Dollar’ Digital Currency

The Bahamas has officially launched the world's first national digital currency, the sand dollar.

First or Not, The Bahamas Trumps Leading Economies with CBDC Rollout

Source: Adobe/bourjart_20 The Bahamas has officially unveiled its central bank digital currency (CBDC), the Sand Dollar.

Messaging Giant LINE is Developing a Platform for CBDC

Japanese messaging giant Line is developing a platform to aid Asian central banks in their pursuit of central bank digital currencies (CBDC).

The Bahamas Becomes First Country to Launch its CBDC, the ‘Sand Dollar’

The Bahamas has launched the Sand Dollar, making it the first country in the world to officially release a central bank digital currency (CBDC) beyond the testing phase.

Peer-to-peer NFT sales surge as average purchase price increases 7X

The total lifetime NFT volume on the Ethereum blockchain alone has exceeded $120 million. Non-fungible tokens and digital collectibles have been selling like hotcakes over the past couple of months as volumes on peer-to-peer marketplaces surge. From NFTs representing NBA finals moments to crypto industry character cards, the total lifetime NFT volume on the Ethereum blockchain alone has exceeded $120 million, according to crypto research firm Messari. Messari’s research tracked the demand for NFTs, which includes digital art, collectibles and in-game items, over the third quarter.

The Bahamas Launches Its Central Bank Digital Currency

Project Sand is a digital simulacrum of the Bahamian dollar.

Brazil is prepping an IPO for its state-run digital bank

Brazilian Minister defends IPO of federal digital bank created to aid population during pandemic Brazil's Minister of Economy, Paulo Guedes, said during an online event this Tuesday that Brazil "is about to" join the Organization for Economic Cooperation and Development (OECD) and that the Brazilian government has plans to launch a public offering of shares (IPO) for the newly-created digital bank of Caixa Econômica Federal. Caixa Econômica Federal created a digital bank during the pandemic to help the government send financial aid to around 64 million Brazilians.

Chainlink, Cosmos, VeChain Price Analysis: 20 October

Despite an uptrend witnessed during the morning session and gains recorded by Bitcoin, the cryptocurrency market sustained heavy losses as most of the digital assets were painted in red towards the da The post Chainlink, Cosmos, VeChain Price Analysis: 20 October appeared first on AMBCrypto.

‘Steady Increase’ in Bitcoin Investment Coming, Not a ‘Flurry’ - CoinShares

A year and half and a leap of faith will be required to finally shunt institutional investors into the bitcoin (BTC) market, claims an executive at digital asset management firm CoinShares – adding that “a steady increase building in speed up to a point” over the next 18 months was more likely than a “flurry” of activity. In an opinion piece for the CoinShares

Bitcoin Cash, Monero, Basic Attention Token Price Analysis: 20 October

At press time, Bitcoin Cash was slightly down compared to the previous day by close to a percent, coinciding with weakening buying pressure in the digital asset.

Digital euro launch is a political decision: German Central Bank official

German politician Burkhard Balz who is a member of the German central bank's executive board said in a speech today that the decision to launch the digital currency was politically motivated.

The US Risks Getting Left Behind on CBDCs

The Federal Reserve's “wait and see” approach to digital currency could deprive the US of important fiscal and monetary tools as its rivals move ahead.

Fed Chairman Powell Updates Efforts to Create Digital Dollar, Says Risks and Trade-Offs Being Thoroughly Evaluated

Federal Reserve chairman Jerome Powell says the Fed is methodically exploring the creation of a digital version of the US dollar while evaluating the risks and trade-offs of a central bank digital currency (CBDC).

CBDCs Mean Evolution, Not Revolution

Central bank digital currencies can help create a more inclusive financial system, says the innovation chief at the Bank for International Settlements.

Pomp says US digital dollar needs to happen now

The US doesn't mind coming a bit late to the CBDC party, but is that the wrong approach? Recent comments from Jerome Powell, the chairman of the US Federal Reserve, show the American government is not especially concerned with speed when it comes to developing a central bank digital currency, or CBDC.

Canada's Futurist Conference Digital-Returns November 11th-12th, 2020!

Untraceable’s Futurist Conference, Canada's largest blockchain and emerging technologies conference return November 11-12, 2020 for its third consecutive year.

First Mover: Monero Leads Privacy-Coin Rally as Bitcoin Trips on Path to $12K

Monero, zcash and other privacy coins, a type of digital token that provides users with enhanced anonymity, are surging in cryptocurrency markets.

New Zealand has no imminent plans to issue CBDC, says central bank exec

Important questions about CBDCs remain unanswered for the Kiwi's central bank. Financial authorities in New Zealand are in no hurry to issue a central bank digital currency, or CBDC, according to a central bank executive. Christian Hawkesby, assistant governor at the Reserve Bank of New Zealand, claimed that the country has “no imminent plans” to issue a CBDC. In a speech on Oct.

BTC Digital: What Must Beginners Know To Get Started With Bitcoin Trading?

Bitcoin is not only a digital currency but also considered a commodity.

Crypto Fest 2.0 Rumble in the Crypto Jungle

Crypto is heating up once again! DeFi has exploded onto the scene, scalability of Ethereum is in question, and gas fees are out of control, interest in central bank digital currencies (CBDCs) is hot, The post Crypto Fest 2.0 Rumble in the Crypto Jungle appeared first on AMBCrypto.

Finoa and Dapper Labs Announce Exclusive Partnership To Bring Institutional-Grade Custody To Flow Ecosystem Investors

Berlin, October 20, 2020: Finoa, one of the leading digital asset custody and financial servicing platforms in Europe, and Dapper Labs, the company known for creating CryptoKitties and NBA Top Shot, announces that Finoa has been exclusively selected as one of top custody providers for FLOW and the main one that offers institutional-grade custody.

Digital Ruble: Russia Unveils Plans to Test Central Bank Digital Currency

As China is actively testing its digital yuan, Russia is now planning to build and test a central bank digital currency, the digital ruble.

Japanese messaging giant Line developing CBDC platform

The platform would aid central banks in Asia with developing a central bank digital currency. Line, a Tokyo-based subsidiary of the South Korean internet search engine company Naver, is building a platform for developing central bank digital currencies, South Korean news agency the Chosun Ilbo reported on Oct.

China’s $1.5 Million Digital Yuan Giveaway in Shenzhen Left Analysts Excited, Citizens Unimpressed

As part of China’s rollout of its central bank digital currency (CBDC), the government had a $1.5 million giveaway of digital yuan to its citizens in Shenzhen.

R3 Corda Network Set to Go DeFi With XDC Digital Currency

A group of former bankers building on R3’s public Corda Network is touting the first digital currency for that ecosystem, dubbed XDC.

Fed Reserve Chair Says Central Bank Needs to Issue Digital Currency Right not First

Jerome Powell, the Federal Reserve chairman, discussed digital currencies and cross-border payments on an IMF panel, revealing the United States' approach to CBDC.

New Zealand Not Ready to Create Its Own Digital Currency

New Zealand’s central bank is actively researching a state-issued digital currency but has “no immediate plans to launch a CBDC,” said its assistant governor.

Monetary Stability: The IMF and Fed Chair Jerome Powell Discuss Digital Currency Implications

On Monday, the International Monetary Fund (IMF) published a report on crypto assets like central bank digital currencies (CBDCs) and global stablecoins (GSCs).

Crypto Listing and Delisting Announcements: Week 42

Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by cryptocurrency exchanges that we found last week and today. Have we missed something? Do you have information about new listings and/or delistings? Let us know here. _________________________________________ Bibox Listings: COFIX (COFI) Zenfuse Trading Platform Token

Price analysis 10/19: BTC, ETH, XRP, BCH, BNB, LINK, DOT, ADA, LTC, BSV

Bitcoin price may rise to a new 52-week high if it can break above the ascending channel and this move could ignite the altcoins. Crypto market sentiment appears to be improving across the board and the global push to mainstream central bank digital currencies is also making headway.  In China’s Shenzhen province about 2 million people had applied for the digital yuan giveaway and the lucky 50,000 among them received “red envelopes” of digital yuan totalling $1.5 million.

Leaders of global CBDC projects talk shop in panel today

Central bank digital currency interest continues gaining global traction.

Cryptographers Are Always Going to Be ‘One Step Ahead’ of Regulators: Monero’s Spagni

Privacy protocols have become the focal point of regulators and law enforcement agencies when the race among central banks to launch sovereign digital currencies is heating up.

US Alleges Top Russian Cyber Hackers Tried to Cover Digital Tracks With Bitcoin

The cyberhackers used bitcoin to cover their ties to critical hacking campaign "infrastructure" such as servers and domain names, according to an indictment unsealed Monday by US prosecutors.

While China Is Already Testing CBDC, US's Goal Is 'To Get It Right'

Source: a video screenshot, Youtube/IMF Central banks are still more focused on risks of central bank digital currencies (CBDCs) while they're increasingly cooperating with each other in an attempt to investigate this potentially new form of local and cross-border payments, according to statements by the panelists of an International Monetary Fund’s (IMF) online seminar today. Hosted by

Advancing CBDC: Bank of Canada In Search of Digital Currency Economist

The Bank of Canada is in search of an economist with expertise in digital currencies and financial technologies to help advance its CBDC drive. (Read More)

Better to get it right than to be first with CBDC, says US Fed chair

The US already has a “safe and active dynamic domestic payment system,” Powell argued. The United States will not be issuing a digital dollar until the Federal Reserve resolves all questions around a potential central bank digital currency, or CBDC, according to the Fed's chairman, Jerome Powell. Powell claimed that he is not worried about other countries having a first-mover advantage when it comes to issuing CBDCs. Speaking at an Oct.

United States evaluating benefits of CBDCs, says Fed Chair Powell

In what is a significant development, Jerome Powell, Chairman of the US Federal Reserve, today revealed that the Fed is looking into the benefits of digital currencies. The Fed Chair was speaking The post United States evaluating benefits of CBDCs, says Fed Chair Powell appeared first on AMBCrypto.

Japanese payments firm JCB and Mizuho Bank test blockchain-based ID

Fujitsu has been working on blockchain-based digital identity tools since 2019. Major financial institutions in Japan are moving into blockchain to streamline digital identity systems. Japan’s third-largest bank, Mizuho Bank, and local payment giant JCB are preparing to pilot a digital identity interoperability system based on blockchain technology.

Digital Ruble Could Be Tool Against Sanctions, Bank of Russia Says

Russia's central bank says a digital ruble could make Russia less dependent on the US dollar and more resistant to foreign sanctions.

IMF Says CBDCs Have Potential, But Don’t Solve Every Issue

Countries might benefit from issuing central bank digital currencies, but they’re not a panacea for every ailment, a new IMF report says.

Digital Yuan Users: Some Came Back for More, Others Unimpressed

Source: Adobe/Сергей Шиманович A number of Chinese citizens who received digital yuan payouts worth USD 30 in a recent giveaway event have decided to top up their central bank digital currency (CBDC) wallets. As previously reported, the central People’s Bank of China (PBoC) distributed thousands of “red envelope” lucky draw handouts to citizens in the city of Shenzhen earlier

Real Estate Token Contracoin to List on ProBit Exchange

Global real estate token project Contracoin is pleased to announce that it will be listing its native token CTCN on the popular global digital asset trading platform ProBit. “We are happy to onbo The post Real Estate Token Contracoin to List on ProBit Exchange appeared first on AMBCrypto.

First Users Not So Impressed by China’s Digital Yuan: Report

A recent giveaway of China's in-testing central bank digital currency has reportedly left recipients wondering why they should swap from existing solutions like Alipay.

Users Unimpressed by China’s Digital Yuan Following a $1.5 Million Giveaway

The weekly trial of China's digital yuan ended with users primarily believing that it hasn't offered them anything different than other online payment apps like Alipay.

ECB to Meet the Growing Demand for Digital Payments with a CBDC Digital Euro

President of the ECB Christine Lagarde broached the topic of CBDC issuance and why the bank was seriously considering the creation of a digital euro. (Read More)

Rare Batman NFT Digital Art Collection Sells for Record 540 Ether

A five-piece collection of Batman digital art has sold for a combined 540.86 ether, or about $202,000, on Makersplace, a record price for non-fungible crypto artwork.

Fed Chairman Jerome Powell Talks Digital Currencies at IMF today

The chair of the Federal Reserve will be discussing digital currencies at the IMF.

95% of winners in China’s CBDC lottery spent digital yuan prizes

Some winners purchased additional digital yuan during the pilot. The vast majority of China’s $1.5 million digital yuan lottery winners have received and spent their “red packets” of digital yuan. As of Oct.

Crypto Bull Anthony Pompliano Reveals That 80% of His Wealth Is Bitcoin

Anthony "Pomp" Pompliano, the co-founder of Morgan Creek Digital and host of the Pomp podcast show, disclosed that 80% of his wealth was allocated to Bitcoin.

Filecoin Miners Start a Strike – FIL Validators Claim the Project’s Economic Model Is Not Working

The Filecoin project has surely seen a lot of hype but during the last few weeks before the launch, the cooperative digital storage crypto project has been criticized a great deal.

Filecoin (FIL) Faces a Miner Crisis 72 Hours Into Launch, Analyst Says

Filecoin (FIL) has been one of the most talked-about digital assets of the past week.

Fund Manager Says Bitcoin (BTC) Targeting $225,000 by End of 2021 – Here’s His Crypto Investment Thesis

Bitcoin bull and Morgan Creek Digital Assets co-founder Anthony Pompliano is mapping out why he believes BTC could reach $225,000 in just over a year.

With job listing, Canada’s central bank takes additional steps towards a CBDC

The winning candidate's primary task will be to monitor the latest developments related to electronic money, but also research “the development of a CBDC” The Bank of Canada is looking to hire an economist who has a deep knowledge of financial technology and digital currencies, potentially signaling the latest in a series of steps towards a Canadian Central Bank Digital Currency (CBDC).  According to the bank’s official page, the economist’s duties will be to monitor and analyze the latest developments related to electronic funds and payments, implement research projects, prepare analytical notes, and work on the “potential development of a CBDC.” The Bank has defined a set of requirements that the applicant must meet, among which are an in-depth knowledge of Bitcoin, Ethereum, and other major cryptocurrency platforms, as well as familiarity with traditional payments systems like card networks, merchant acquirers, and point of sale technologies.  The applicant must also have experience in handling and analyzing public blockchain data and analyzing consumer survey data. Oct.

Wanted: Economist for Digital Currencies, Fintech as Bank of Canada Studies a Possible CBDC

The move comes as the central bank continues to research how a central bank digital currency would work as well as the possible risks.

Coinbase Reveals Wave of Requests From FBI, ICE, IRS, SEC and Other Law Enforcement Agencies

San Francisco-based digital currency exchange Coinbase unveils that it has received a flood of requests from law enforcement agencies in the US and around the world.

Top 5 cryptocurrencies to watch this week: BTC, XLM, CRO, BNB, LTC

Traders are accumulating Bitcoin on dips and a break above $11,600 could resume the uptrend to $12,000. Data from Skew shows Bitcoin’s (BTC) spot volume on LMAX Digital, an exchange that mainly caters to institutions, has overtaken retail-oriented exchanges.

Bitcoin SV, Zcash, Maker Price Analysis: 17 October

Zcash and Maker although still not bullish enough, were definitely displaying signs of short-term positive price reversals, as the selling pressures for the two digital assets continued to weaken. The post Bitcoin SV, Zcash, Maker Price Analysis: 17 October appeared first on AMBCrypto.

Ripple Survey Unveils Real-World Interest in Bitcoin, Ethereum, XRP, Stablecoins and CBDCs Among Payments Executives

A new Ripple survey is shedding light on the levels of interest in Bitcoin (BTC), Ethereum (ETH), XRP, stablecoins, and central bank digital currencies (CBDCs) among payments professionals around the world.

Litecoin, FTX Token, Compound Price Analysis: 17 October

Having witnessed positive price fluctuations on the daily charts for top digital assets Bitcoin and Ethereum, the rest of the cryptocurrency market appeared to be heading for a bullish revival. Wit The post Litecoin, FTX Token, Compound Price Analysis: 17 October appeared first on AMBCrypto.

Following whipsaw launch, Filecoin looks to weeklong conference for stability

After two days of wild volatility for FIL, Filecoin's Liftoff Week conference aims to chart a path forward Two days after a whiplash-inducing launch that saw Filecoin’s FIL token rocket 118% before a nearly 80% plunge, the blockchain-based data storage platform turns now to a weeklong digital conference in the hopes of righting the ship.  Billed “Filecoin Liftoff Week,” the event is centered on education, infrastructure, interoperability, and future plans for the project.

Ethereum, Algorand, BitTorrent Price Analysis: 17 October

The entire digital assets market lately has been a sort of rollercoaster ride over the last week.

Neo Foundation teases surprising Neo3 features: file storage and digital identity

Neo3 promises to provide file storage and digital identity, though the demand is questionable In an open letter today to Neo community members, the Neo Foundation reflected on the past four years of activity and teased their plans for the future: Neo3, the third iteration of their smart contract-enabled blockchain, which will sport file storage and D-ID (Digital or Decentralized Identity) features.  Neo, the 22nd largest cryptocurrency by marketcap, has enjoyed a strong year, having successfully launched a cross-chain interoperability product in collaboration with Ontology and Switcheo.  Additionally the self-styled “smart economy” platform’s foray into the summer DeFi craze was similarly successful -- the joint Binance and Neo effort Flamingo Finance peaked at over $1.5 billion TVL in their Mint Rush yield farming vault product.  In spite of their success with interoperability and DeFi, as the Foundation’s letter turned to future developments they teased forthcoming features which would take Neo3 in a pair of surprising new directions: file storage and decentralized identity features named NeoFS and NeoID.  The market has demonstrated a decidedly mixed appetite for file storage on the blockchain.

Coinbase Custody's new token support faces criticism

Earlier today, Coinbase Custody announced that they are looking into adding support for new digital assets.

Five Russian Banks Ready to Lead Russia's CBDC Pilot Test

Five Russian Banks will participate in the pilot test for the Bank of Russia’s proposed Digital Rubble following the release of its public consultation report.

China’s Petrochemical Sector Conducts First Blockchain-Powered Warehouse Receipt Finance

China’s petrochemical industry has accomplished the first-ever blockchain-enabled digital warehouse receipt pledge financing transaction to minimize costs.