The Bank of France (Banque de France) is launching a program of experiments testing out a potential central bank digital currency (CBDC) aimed for interbank settlements. Potential participants are being invited to submit their applications, as the Bank of France is calling for applications to experiment with the use of a digital euro.
In a country with more mobile phone subscriptions than people, mobile banking has taken off in Thailand in a big way. After partnering with a fintech remittance company recently, Ripple is now sewing up the Thai market by joining forces with its largest commercial bank, SCB. Ripple to Boost Thai Remittances Further Hot off the
Bitcoin (BTC) miners will continue to capitulate due to low prices, but upcoming events for Bitcoin Cash (BCH) and Bitcoin SV (BSV) will fuel the turmoil, says a new forecast. In the latest edition of its State of the Network reports on March 31, Coin Metrics argued that Bitcoin was in a spiral of miner
Crypto-literate public accountants are concerned their clients might face Internal Revenue Service (IRS) audits and penalties for underpaying taxes on their crypto holdings, a new survey finds. Cryptocurrency accounting service provider Blox and tax software developer Sovos conducted a survey of roughly 45 Certified Public Accountants (CPAs) familiar with crypto, finding that the majority believe
FNZ’s proposed takeover of GBST has been brought into question by the Competition and Markets Authority, following an investigation which concluded that the merger could result in UK investors losing out as a result of higher prices, fewer options and less innovation. FNZ purchased rival retail investment platform GBST in November 2019 for £150 million.
Which Cryptocurrency has the Highest ROI as of Q1 2020? Bitcoin only Ranked 5th With the current macroeconomic uncertainty and coronavirus pandemic, more investors have started to invest in cryptocurrencies for portfolio diversification. Bitcoin may be the most obvious hedge asset that comes to mind but, which cryptocurrency really had the highest Return on Investment (ROI)
Reuters reported yesterday on comments made by the Fed Governor Lael Brainard, who said the central bank is analyzing issues such as policy, design, and legal consequences and how they relate to the issuing of it’s own digital currency. Reuters calls it “FedCoin” and while the idea of a US CBDC (central bank digital currency)
SEOUL – March 31, 2020 – The global blockchain company behind the world’s largest digital asset exchange by trading volume and users, Binance, today announced Binance KR, a crypto exchange for Korean users will launch on April 2nd for registrations and deposits. Binance Unveils Binance KR Crypto Exchange Binance KR will integrate BKRW, a BEP-2
Federal Reserve Chair Jerome Powell testifies in front of the Senate Banking Committee.
The submission deadline for the Mt. Gox rehabilitation plan has been pushed back again after a draft proposed last week was met with opposition from numerous creditors. In the plan, proposed to Mt. Gox creditors at a March 25 meeting, rehabilitation trustee Nobuaki Kobayashi said he would, if authorized by the court, sell off some