The European Commission is planning to introduce a digital euro bill in 2023, but little is known about the EU’s plans for a central bank-issued digital currency. Source
The Digital Euro: What We Know So Far
Tag: Digital
MIT, Boston Fed give digital dollar CBDC a modest test run
The world recently got a sneak peek at what a digital dollar, or at least one component of a hypothetical United States central bank digital currency (CBDC), might look like, courtesy of Project Hamilton, a collaborative effort of the Federal Reserve Bank of Boston and the MIT Digital Currency Initiative. The results of the project’s first phase were originally expected last summer but were released on Feb. 3. The project, announced in 2020, is named in honor of Alexander Hamilton, the first U.S. Treasury secretary, and Margaret Hamilton, an MIT…
HODLVERSE’s Metaverse Creates a Fun, Accessible Way to Manage Digital Assets
The total number of digital asset users was around 295 million, there is still plenty of room for the space to grow before the mainstream accepts it. To ensure the space’s longevity and push it close to mass adoption, companies like HODLVERSE are coming up with creative, exciting new ways to bring more people into the digital asset world. HODLVERSE is a global decentralized autonomous organization. The project also develops open-source blockchain solutions to facilitate easy digital asset management. Their platform looks to bridge the wealth gap within the space,…
Binance Invests $200 Million Into the Business Magazine and Digital Publisher Forbes – Bitcoin News
Reports indicate that the world’s largest cryptocurrency exchange by trade volume, Binance, has announced the crypto company has committed to investing $200 million into the American business magazine Forbes. The digital currency company Binance confirmed the $200 million stake into Forbes on the social media platform Twitter. Binance Pledges $200 Million to Forbes Binance has made a $200 million investment into Forbes, the U.S.-based business magazine and digital publisher owned by the Forbes family and Integrated Whale Media Investments. A report published by CNBC, and shared by Binance on Twitter,…
EU finance chief says digital euro bill coming in early 2023
The European Commission has announced that a bill for a digital euro will be proposed in 2023. As first reported by Politico, EC finance chief Mairead McGuinness officially disclosed the EU’s formal consideration of digital euro legislation at a fintech conference on Wednesday. “Our goal is to table legislation in early 2023,” the Commissioner for Financial Service said. “A targeted legislative consultation in the coming weeks.” The European Central Bank (ECB) is already experimenting with designs and systems for a digital euro, with a prototype expected sometime in late-2023. If…
Digital yuan transactions beat out Visa at Winter Olympics venue: report
On the day of the opening ceremony of the Beijing 2022 Winter Olympics, there were reportedly more transactions made in China’s central bank digital currency than those through Visa. In a Wednesday report from the Wall Street Journal, a person familiar with the matter said transactions in digital yuan significantly outnumbered those of Visa on Feb. 4 at the Beijing National Stadium, also known as the Bird’s Nest — the location of the opening ceremony of the 34th Olympic Winter Games. However, many of the retailers allowing purchases with China’s…
Apple Alum-Led Kyro Digital Raises $10M in Series A Funding
Kyro’s founder, Samir Arora, worked at Apple for nearly a decade, where he developed platforms for distributed applications, a precursor to layers 0 and 1 of blockchain technology. Arora was also the CEO of NetObjects, one of the first companies to offer a website editor, from 1995 to 2002. Source
JPMorgan pegs bitcoin’s value at $38,000, says NFTs are set to dominate digital assets
Bitcoin, which has bounced modestly from its lows, is still overvalued, according to JPMorgan, but there's more to digital assets than bitcoin prices. Source link
Saudi Arabia Medical Institution Implements Blockchain-Based ‘Digital Credentialing Solution’ – Blockchain Bitcoin News
Saudi Arabia’s King Faisal Specialist Hospital and Research Centre recently became one of the country’s early adopters of blockchain technology after it implemented a “digital credentialing solution.” Saudi Arabia’s Blockchain Goal The Saudi Arabian medical institution, King Faisal Specialist Hospital and Research Centre, (KFSHRC) recently completed a deployment of blockchain tech when it implemented “a digital credentialing solution” for all patients that use its facilities. The implementation was carried out via the recently launched Blockchain Lab which has already identified several viable use cases for the technology. As a result…
US lawmaker pushes for state-level regulations on stablecoins at hearing on digital assets
Whether regulations on stablecoins and digital assets should be addressed at the state or federal level was the topic of discussion among at least two U.S. lawmakers in a hearing for the House Committee on Financial Services. Speaking virtually at a Tuesday hearing titled “Digital Assets and the Future of Finance: The President’s Working Group on Financial Markets’ Report on Stablecoins,” North Carolina Representative and ranking committee member Patrick McHenry asked the committee to consider state-level regulatory frameworks in lieu of a comprehensive federal law on stablecoins. In response to…