Digital Currency
- Business
Central bank digital currencies will lower remittance costs, Moody’s says
Tumbling value of cryptocurrencies has strengthened arguments in favour of more stable digital assets, according to the rating agency Central…
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UAE Central Bank Digital Currency strategy launched
The CBUAE has engaged with G42 Cloud and R3 as the infrastructure and technology providers respectively for its CBDC implementation…
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India is launching digital rupee, the first pilot transaction will be on 1 Dec
The Reserve Bank of India (RBI) on Tuesday announced a pilot for retail central bank digital currency (CBDC) on 1…
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China’s Digital Yuan Stands Out in Global Cross-Border Pilot Initiative
The test, which lasted six weeks and ended late last month, is part of m-Bridge, an initiative that pilots cross-border…
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Bitcoin drops below $34,000 over the weekend, extending Friday’s losses
Bitcoin continued to drop this weekend after a broader stock sell-off in the U.S. last week sent the cryptocurrency market…
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Digital currency from US Fed could hurt money market funds: Fitch
Central bank digital currency investments may worsen market illiquidity in times of financial stress, rating agency says US President Joe…
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Elon Musk says Tesla merchandise buyable using dogecoin
Tesla CEO Elon Musk said in a tweet on Friday that the electric carmaker merchandise can be bought using the…
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Visa Partners With 60 Crypto Platforms to Let Consumers Spend Digital Currency at 80 Million Merchants
Visa’s head of crypto has revealed that the payments giant has partnered with about 60 leading crypto platforms “to launch…
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Bitcoin slumps as coronavirus variant shakes markets
Bitcoin tumbled almost 8% on Friday after the discovery of a new, potentially vaccine-resistant coronavirus variant saw investors dump riskier…
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