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Chinese Central Bank Claims Digital Yuan Has 261M Active Users

2022-01-21T12:46:30+00:00

China’s central People’s Bank of China (PBoC) has claimed over 261m users in the nation activated digital yuan wallets by the end of last year – in addition to the 20 million-plus who have downloaded its official pilot app, which was released to marketplaces in some cities earlier this month. In addition to the PBoC’s app, some nine [...]

Chinese Central Bank Claims Digital Yuan Has 261M Active Users2022-01-21T12:46:30+00:00

Lords Say No Need for Digital Pound

2022-01-21T13:28:32+00:00

The House of Lords – the second chamber of the UK parliament – said this week that there is no merit in the Bank of England’s efforts to develop a digital pound as it believes that concerns for financial stability and protection of privacy outweigh potential benefits that could come with a digital sterling. Alarmed by [...]

Lords Say No Need for Digital Pound2022-01-21T13:28:32+00:00

Every Lawyer will Require Familiarity with Crypto, says Sir Geoffrey Vos

2022-01-12T12:35:06+00:00

Every lawyer will need to know about blockchain, smart legal contracts and crypto assets, the master of the rolls stated today. 'Major developments are imminent. They will mean that every lawyer will require familiarity with the blockchain, smart legal contracts and crypto assets,' Sir Geoffrey Vos told an event to launch a new edition of [...]

Every Lawyer will Require Familiarity with Crypto, says Sir Geoffrey Vos2022-01-12T12:35:06+00:00

Musk & Tesla Asked to Think Again Their Stance Towards Bitcoin

2022-01-10T15:45:59+00:00

Elon Musk and Tesla are being asked to think again their stance towards Bitcoin. The electric car company invested £1.1 billion in the cryptocurrency last year, and started to accept it as a payment method. Although Tesla has continued holding on to its BTC, Musk suspended the ability to accept cryptocurrency payments amid concerns about [...]

Musk & Tesla Asked to Think Again Their Stance Towards Bitcoin2022-01-10T15:45:59+00:00

PayPal is Working on Its Own Stablecoin

2022-01-10T15:20:38+00:00

PayPal has confirmed that it is exploring plans to launch its very own stablecoin. The payments giant ended up making a statement after hints about such a development were spotted within its iPhone app. Speaking to Bloomberg, PayPal's senior vice president of crypto and digital currencies Jose Fernandez da Ponte said: "We are exploring a [...]

PayPal is Working on Its Own Stablecoin2022-01-10T15:20:38+00:00

Kosovo bans cryptocurrency mining after blackouts

2022-01-06T13:12:04+00:00

Kosovo has banned the mining of cryptocurrencies to curb electricity use as it grapples with an energy crisis caused by soaring global prices. The government says security services will identify and clamp down on sources of cryptocurrency mining. The mining is energy intensive and involves verifying digital transactions to get cryptocurrencies as a reward. While [...]

Kosovo bans cryptocurrency mining after blackouts2022-01-06T13:12:04+00:00

Marathon Digital Purchases Another 78,000 Bitcoin Mining Rigs for £665 Million

2022-01-06T13:11:27+00:00

Major cryptocurrency mining firm Marathon Digital Holdings recently bought 78,000 Antminer S-19 XP Miners from China-based manufacturer for over £665 million. The company’s filing with the US Securities and Exchange Commission states that it would receive the mining machines in the second half of 2022. Bitmain is expected to deliver 13,000 units on a monthly [...]

Marathon Digital Purchases Another 78,000 Bitcoin Mining Rigs for £665 Million2022-01-06T13:11:27+00:00

Central Bank Digital Currencies (CBDCs) World Map

2022-01-10T16:44:07+00:00

Central bank digital currencies are being talked about all over the world, we break down what exactly each country is doing (or not doing!) with their CBDCs. What is Digital Currency? Distinct from decentralized cryptocurrencies like Bitcoin, a central bank digital currency (CBDC) is issued by a central bank, whose status as legal tender is established through government [...]

Central Bank Digital Currencies (CBDCs) World Map2022-01-10T16:44:07+00:00
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