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China’s Digital Yuan Little Used, Former Central Bank Official Says

December 31, 2022 admin CBDC, CBDCs, Central Bank, China, chinese, Circulation, Crypto, Cryptocurrencies, Cryptocurrency, Digital Currency, Digital Yuan, Finance, former official, Official, PBOC, trials, use, use cases, Yuan

Trials of the digital yuan have produced disappointing results, according to a report quoting the former head of research at

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Digital Real Will Be Used by Banks in Brazil as Collateral to Issue Their Own Stablecoins

June 7, 2022 admin Brazil, CBDC, cetral bank of brazil, digital real, News, roberto campos neto, Stablecoins, tokenization

The Brazilian central bank digital currency (CBDC), the digital real, will be more of a wholesale asset instead of a

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Mexico Announces It Will Issue Its Own Digital Coin by 2024

January 1, 2022 admin 2024, Bank of Mexico, banxico, CBDC, China, Cryptocurrency, Mexico, News

The government of Mexico announced that the country’s central bank will issue its own digital currency. The statement of the

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Recent Posts

  • Balaji Srinivasan Says Hyperinflation Happening Now — Makes Million-Dollar Bets on Bitcoin Price Exceeding $1M in 90 Days
    Venture capitalist and angel investor Balaji Srinivasan says hyperinflation is happening now. Expecting the price of bitcoin to soon hit $1 million, he is making million-dollar bets that it will happen in 90 days. Srinivasan also advised investors to buy bitcoin, which he believes to be “a hedge against hyperinflation, monetary debasement, bank freezes, and
  • FTX Debtors Reveal $6.8 Billion Hole in Balance Sheet Amidst Financial Discrepancies and Payments to Insiders
    According to a presentation recently submitted by the FTX debtors on March 16, Sam Bankman-Fried’s companies had a $6.8 billion hole in their intercompany balance sheet when they filed for Chapter 11 bankruptcy protection. FTX and its conglomerate of firms have debts of around $11.6 billion, including customer claims and various other liabilities. FTX’s $6.8
  • LIVE: Watch stocks trade in real time as First Republic’s slide rattles Wall Street — 3/17/2023
    The Dow Jones Industrial Average fell Friday as investors remained skittish on First Republic and other banks amid the industry’s crisis. First Republic slid 20% despite gaining nearly 10% in the previous session. The stock got a boost Thursday when a group of banks said it would aid First Republic with $30 billion in deposits
  • Russian Crypto Industry Queries Government About Proposed Criminal Liability for Miners
    The organization representing Russia’s crypto sector has asked the government in Moscow to clarify a proposal to introduce criminal liability for “gray” miners. The draft legislation seeks to punish those who fail to report their income to the state and share information about their digital assets. Crypto Companies in Russia Want to Take Part in
  • We’re in the middle of the banking crisis, says Odeon’s Dick Bove
    Dick Bove of Odeon Capital, Herb Greenberg of Empire Financial Research and Liz Hoffman, Semafor business and finance editor, join CNBC's Brian Sullivan and 'Last Call' to discuss the recent banking crisis and how it could impact the Fed's rate decision next week.
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