Philippines Central Bank Planning for Issuing Its Own Digital Currency

The governor of Philippine central bank, Benjamin Diokno has announced that the Philippines Central Bank is studying at the possibility of releasing its digital currency.  According to a report by Bloomberg, July 29, the Philippine central bank, or Bangko Sentral ng Pilipinas (BSP) has created a committee to investigate the feasibility and …

PayPal Enters the Crypto Market- Crypto Payments Will Begin in 2021

PayPal is one of the biggest global payment providers, with 346 million active accounts and $222 billion in volume processed in Q2 2020. It was one of the initial founding members of the Libra association, though it subsequently dropped out after regulatory pressure mounted for the project.  The Paypal partnered …

Despite 98% Support, The 1st Governance Vote For Decentralized Exchange Uniswap Failed

The first governance vote for decentralized exchange Uniswap has ended in defeat, despite the proposal attracting overwhelming support of 98% of votes cast. Notwithstanding, it fell roughly 1% short of the 40 million vote threshold needed for approval by the close of voting. The poll ended today, with almost 39.6 million UNI …

China Spent 10 million yuan on its Biggest Public Trial for World’s 1st Official Digital Currency “Suzhou”

China’s central bank digital currency (CBDC) is the country’s biggest public tests, it pushes closer toward creating a cashless future. Last week, the government in Shenzhen carried out a lottery to give away a total of 10 million yuan (about $1.5 million) worth of the digital currency. Nearly 2 million …

The Security Token Trading Volume Crashed By 60%, September is Still the Second-Best Month On Record

Following four months of spectacular growth, two dozen security tokens drove $9.15 million in trade and during September, security tokens trade volumes have crashed by nearly 60%. According to Security Token Group’s reports, from May through August, monthly volume profits for the sector fluctuated between 113% and 280% posting record highs …

Rebuilding the Global Financial System Using DeFi Technology

Alexander Lebedev, the owner of U.K. newspapers Evening Standard and The Independent have revealed he is looking to launch decentralized finance (DeFi) powered “bank 2.0.” Alexander Lebedev, who is also a former banker, along with Russian publication Novaya Gazeta, has spoken glowingly of the potential for cryptocurrency and smart contracts to revolutionize finance. The Independent, an extensive 1800 word …

Belgian Investors Lost $12M Due to Crypto Scams and Forex Scams

According to a report by Belgium’s financial watchdog, scammers stole up to $12 million from an investor in the country using fraudulent ads. On October 5, the Financial Services and Markets Authority (FSMA), warned the watchdog estimated that investors in Belgium had lost almost 10 million euros, roughly $11.8 million, between May …

Over 75 Crypto Exchanges have disappeared in 2020

Not all crypto exchanges can live forever, are disappearing at a really fast pace. Over 75 crypto exchanges have shut down this year, some have been exposed as frauds, some have been the victims of hacker attacks and some have just disappeared. There is a list of over 75 crypto …

After the Chinese Marketing Campaign, Over 22K New Bitcoin Entities Created

As per the data from on-chain monitoring resource Glassnode, shows that around 22,000 new Bitcoin entities created in a single day as one analyst suggest the added volume will translate to price gains. The normal level is between 5,000 and 10,000 per day. Behind this large spike in new Bitcoin …

Bank of Thailand Launched the First Blockchain-Based Government Savings Bond Platform

The Bank of Thailand (BOT) launched the world’s first government savings bond issuing platform using IBM’s blockchain technology. According to IBM’s official announcement on Oct. 5, 2020, the central bank sold more than USD 1.6 billion worth of savings bonds in just two weeks of the launch. Earlier, the sale of government …

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