The People’s Bank of China (PBoC), the Chinese central bank, plans to use their digital yuan during the 2022 Winter Olympics in Beijing. It could be the first test for China’s central bank digital currency (CBDC) with international users. With the increasing adoption of crypto-assets, central bank digital currencies (CBDCs) have once again become a […]
The Federal Reserve Bank will publish a report on the potential transition to a Central Bank Digital Currency (CBDC) in the summer of 2021. The advanced projects of several countries, first and foremost China, as well as the increasing digitalization have intensified the discussion. The U.S. Federal Reserve did not reveal any specific plans for […]
Chinese financial authorities have banned financial institutions and payment companies from offering services related to cryptocurrencies and warned investors against speculative crypto trading. Instead, they are developing a central bank digital currency (CBDC). Chinese financial officials announced that the country would crack down on financial institutions that operate cryptocurrency businesses or offer related services. The decision follows […]
A week ago, eBay announced that payments with cryptocurrencies were under consideration. Now, the operator of one of the largest online marketplaces has decided to enable the buying and selling of non-fungible tokens (NFTs). Will the technology make the leap into the mainstream? The U.S. company eBay recently enabled the sale of non-fungible tokens (NFTs) […]
A few months ago, US car manufacturer Tesla announced a billion-dollar investment in Bitcoin. Since then, it was also possible to buy electric cars with the cryptocurrency. This option has now been suspended, the reason being the carbon footprint of the Bitcoin blockchain. In February 2021, Tesla CEO Elon Musk described himself as a “big […]
According to crypto custodian and Stone Ridge subsidiary NYDIG, hundreds of U.S. banks will soon allow trading and holding of Bitcoin. After a long period of reluctance, established financial services providers are also opening up to the new asset class. New York Digital Investment Group (NYDIG) is a subsidiary of Stone Ridge, a $10 billion […]
Berkshire Hathaway Vice Chairman Charlie Munger has lambasted Bitcoin in the company’s annual shareholder meeting over the weekend, despite its accelerated growth. CEO Warren Buffet has also made negative comments on Bitcoin in the past and criticized its volatility. US-american Investor Charlie Munger reunited with Warren Buffet in Los Angeles to discuss key topics in the industry, […]
A monthly review of what’s happening in the crypto markets enriched with institutional research on the most important topics in the industry in cooperation with the Swiss digital asset specialist, 21Shares AG. The market-driving news of the month of April was Coinbase’s pivotal direct listing which saw the company initially go public at more than a $100B […]
The US investment bank JPMorgan, Singapore’s largest bank (DBS) and the state-owned investment firm Temasek have jointly launched a new blockchain company focused on global payments and cross-border transactions between banks. The new company called Partior seeks to digitize commercial banks’ money using the blockchain technology. It aims to reduce the existing friction in cross-border payments, transactions and foreign […]
Not much is left of the ambitious plans that Facebook presented to the public as Libra in the summer of 2019. The global corporation did not manage to dispel the concerns of critics. The evolution from currency basket “Libra” to the stablecoin “Diem”. Libra was a digital blockchain currency proposed by the American social media […]
