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Digital Currency News

For two decades, the digital currency paradigm was a largely fringe concept championed by cryptography advocates before the launch of the cryptocurrency Bitcoin (BTC) in 2008, which heralded a new technological and social phenomenon.

While the goal of cryptocurrencies is to provide a medium for global, peer-to-peer transaction settlement that preserves privacy and financial security, digital currencies more broadly encompass any digital form of money, including the more recent trend of central bank digital currencies, or CBDCs.

Currently in development in China and other countries, these digital currencies may leverage blockchain technology for secure payments but with added capital controls and surveillance practices in stark contrast with the ethos of cryptocurrencies.

The future of digital currencies is uncertain. Will CBDCs become the dominant form of digital cash adopted by the masses, or will people opt into a more open, secure, permissionless financial system in the form of Bitcoin and the crypto economy?

Top News

Is Dogecoin set to follow Shiba Inu’s (SHIB) 400% breakout?

'Much ow' ahead? Dogecoin chart fractal puts Shiba Inu's 390% QTD rally in danger

Shiba Inu rebounds 40% despite major selling by SHIB whales

One currency to rule them all: Facebook’s Diem has global ambitions

Shiba Inu is now a top-20 cryptocurrency with SHIB price soaring 300% in 9 days

The underlying architecture of the digital euro will be designed to have a negligible environmental footprint compared to Bitcoin and other crypto-assets.

ECB is looking to design a digital euro more energy-efficient than Bitcoin

2021-07-14T18:03:33+01:00

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The Bank of Korea plans to select an operator to run a blockchain-based CBDC pilot next month that will test a digital won in various use cases.

South Korean internet giants bid for central bank digital currency pilot

2021-07-12T13:32:05+01:00

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"There is also no doubt in our mind that a major central bank will soon launch a digital currency and we expect this to happen within the next three years," sai...

Pandemic has accelerated the rollout of CBDCs by 5 years, says blockchain firm

2021-07-09T17:05:00+01:00

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The central banks of France and Singapore are working on a digital currency interoperability system supporting multiple global CBDCs.

France and Singapore pilot cross-border CBDC transactions

2021-07-08T11:31:56+01:00

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While Visa and other major private payments networks see the potential of stablecoins, China’s central bank believes they pose serious risks to global financial...

China’s central bank worried about stablecoins’ risk to financial systems

2021-07-08T08:52:12+01:00

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The Reserve Bank of New Zealand will look at the potential for a CBDC “to work alongside cash as government-backed money,” and assess the issues around the emer...

New Zealand's Reserve Bank consulting public on a potential CBDC

2021-07-08T04:23:21+01:00

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The Bank of Jamaica is getting ready to begin testing its planned central bank digital currency in collaboration with financial institutions in the country.

Bank of Jamaica to begin digital currency pilot in August

Osato Avan-Nomayo

2021-07-07T13:32:41+01:00

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Six of China’s top banks have tasked their employees with promoting digital yuan wallets to 200 to 300 people a year.

Chinese banks tell staff to recruit up to 300 new digital yuan users each

2021-07-07T02:13:59+01:00

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