Much wow! The Dallas Mavericks to accept Dogecoin for tickets and merch

"We will HODL any we get," Mark Cuban told Cointelegraph. Dogecoin (DOGE), a cryptocurrency borne out of a joke, can now be used as payment for tickets and merchandise for the Dallas Mavericks basketball team.  The National Basketball Association franchise confirmed Thursday that it has become the first major business to accept DOGE, allowing users to convert the digital currency to fiat using BitPay. We're proud to be the first business to accept the #crypto Dogecoin for payment using BitPay! You can now use #Dogecoin to buy tickets and merch online, making @DallasMavsShop more accessible to MFFLs everywhere! pic.twitter.com/1N0fk0NjAT— Dallas Mavericks (@dallasmavs) March 4, 2021 The Mavericks have been accepting Bitcoin (BTC) payments through BitPay for almost two years.

Central bank digital currency a mixed blessing, says RBI

The Reserve Bank of India has described central bank digital currencies as a mixed bag in its report on currency and finance for 2020–2021. India’s central bank has recognized the potential benefits of central bank digital currencies but not without including a few pitfalls. The Reserve Bank of India offered its assessment of CBDCs as part of its report on currency and finance issued on Feb.

Chiliz $CHZ Growth Continues With Trio of New Listings

Chiliz $CHZ – the digital currency for sports and entertainment – has announced listings on the Bitcoin.com Exchange, HitBTC and Changelly platforms.

Bearish Outlook as Bitcoin’s Seven-Day Average Sinks 25%, ADA Shines During the Storm

Digital currency markets have been bearish in recent days as prices have continued to sink lower.

Economist warns of dystopia if ‘Bitcoin Aristocrats’ become reality

Critics of the digital currency have visions of the future every bit as silly as maximalists'. Not everyone is excited about hyperbitcoinization.  According to a popular copy/paste meme, Bitcoin holders are set to become a neo-aristocracy as Bitcoin becomes the dominant world currency: Only $BTC holders will be permitted to the upper echelons of society.

Chinese Authorities Warn About ‘Sophisticated’ Digital Yuan Scam- Promotes Access to a ‘$186M Secret’ Government Fund

As China keeps paving the way to adopt its central bank digital currency (CBDC), scammers are also actively emerging on the scene.

Dorsey, Saylor, Winklevoss Twins Join MIT Campaign to Protect Bitcoin

Crypto industry backs MIT Media Lab’s Digital Currency Initiative as it launches a new research and development program to strengthen Bitcoin’s infrastructure.

Many pieces of the Diem puzzle still missing as launch gets delayed

Besides securing approval from Swiss regulators, Diem seems likely to face opposition from government regulators in many countries. Back in June 2019, social media giant Facebook released the details for a much-talked-about digital currency platform dubbed “Libra.” These days, Libra is known as Diem, with the project undergoing a significant rebranding in a bid to smoothen regulatory wrinkles. A year and a half later, the Diem Association has yet to launch a digital token with regulatory approval from Swiss authorities yet to materialize.

Crypto leaders back MIT’s four-year initiative to harden Bitcoin’s security

Crypto industry captains are throwing their support behind a long-term project from MIT’s Digital Currency Initiative to enhance Bitcoin’s security. The Massachusetts Institute of Technology’s Digital Currency Initiative has revealed a new “Bitcoin Software and Security Effort” intended to foster research into bolstering the Bitcoin network’s defenses. The open-source initiative has received support from a diverse group of crypto industry leaders, including Gemini’s Cameron and Tyler Winklevoss, MicroStrategy’s CEO Michael Saylor, Square CEO Jack Dorsey, and major European digital asset manager, CoinShares.

Venezuela's Maduro Says He's Planning a Digital Currency 'Surprise'

Venezuela may soon begin development on a "digital bolivar." The project is being kept under wraps, but regional experts have some ideas on what it will be.

Bitcoin Futures Open Interest Hits $19 Billion, Harsh Intraday Swings, Analyst Says ‘Fresh Rally’ Expected

The start of the week saw digital currency markets drop significantly in value, as billions of dollars were shaved off the entire crypto economy’s capitalization.

Digital Yuan Scammers Gathering Momentum as Token Rollout Nears

Police in China are warning that digital yuan-themed scams are starting to appear in the country with more regularity – as opportunistic fraudsters attempt to trick citizens out of their money with central bank digital currency (CBDC)-themed get-rich-quick schemes. The digital token is nearing issuance, with the latest pilot seeing thousands of citizens receive bona fide

Canadian bank plans to launch dollar-backed digital currency 'in the coming months'

Stablecorp CEO Jean Desgagne said VersaBank's digital currency was intended to provide an alternative to concerns over volatility and security in crypto markets. In an announcement on Wednesday, VersaBank said it plans to launch a digital currency called VCAD, which will reportedly be backed by Canadian dollars deposited with the bank.

India's central bank ‘very much in the game‘ with digital currency project

The Reserve Bank of India is getting ready to launch its own central bank digital currency. Indian authorities continue to express support for a government-backed digital currency to replace privately-issued cryptocurrencies. According to Bloomberg, RBI governor Shaktikanta Das has expressed the central bank’s determination to create a digital rupee.

THORChain (RUNE) Price Soars After Multicoin Capital’s Heavy Investment

Multicoin Capital has made an unusual move by betting big on THORChain (RUNE), a digital currency that is not widely acclaimed like BTC (Read More)

Russian Orthodox Church will not accept Bitcoin in offering plate

A church spokesperson said it was also unlikely the church would release its own digital currency. With roughly 100 million members, the church representing the dominant religion in Russia has no plans to accept cryptocurrency donations or offerings. According to a Q&A streamed on YouTube by Jesus Portal, the chairman of the Department for External Church Relations of the Moscow Patriarchate, Hilarion Alfeyev, said the Russian Orthodox Church, or ROC, is not planning to create its own digital currency, nor accept cryptocurrency including Bitcoin (BTC) for donations. How

Major Asian banks unite to form ‘multiple’ CBDC pact on blockchain

Some of Asia's largest banking institutions are working together on a “multiple” CBDC project, designed to cross borders and navigate regulations easier than fiat. Several major banks across Asia have joined forces to construct a cross-border central bank digital currency, according to a joint announcement issued on Feb.

Bank of Korea chief says crypto has no intrinsic value, expects volatility

Bank of Korea Governor Lee Ju-yeol has expressed skepticism over the recent crypto rally, stating that the bank is progressing with a digital currency project.

US Treasury Secretary floats idea of digital dollar maintained by the Fed

She still questioned how regulators would "manage money laundering and illicit finance issues" with digital currencies. Janet Yellen may be open to having US regulators consider a digital currency, but still seems to have strong concerns about Bitcoin. In an interview on the New York Times' DealBook DC Policy Project held today, Yellen said it makes sense for the Federal Reserve to look into a digital dollar.

China enlists Tencent and Ant-backed banks for digital yuan trial

China has taken another leap in its developmental efforts of its Digital Currency Electronic Payments [DECP].

Ant-backed MYbank to help China expand digital yuan trial

Tencent-backed WeBank and Ant Financial-backed MYbank will reportedly be the first private banks to join China’s digital yuan pilot. China’s central bank is pushing exposure to its ongoing national digital currency pilot by enlisting two major private banks in the project. According to a Feb.

Bank of Japan’s Year-long Digital Yen Pilot Begins this Spring

The central Bank of Japan (BoJ) is set to launch a pilot for a digital yen this Spring, although the central bank is still a long way from making up its mind on whether it will push ahead with issuance. Per NHK, the BoJ appears to be aware that China, which is already committed to launching its own central bank digital currency (CBDC), is “leading the way in this

Elon Musk says BTC, ETH prices “high” while dunking on Peter Schiff

While Musk said Schiff "might as well" have crypto in lieu of gold deposit statements, he did warn that digital currency valuations may be running hot While his electric car company announced a Bitcoin purchase weeks ago, Elon Musk finally became a true Bitcoiner last night by engaging in a time-honored cryptoTwitter pastime: dunking on Peter Schiff.  Yesterday morning Schiff, the noted gold bug and Bitcoin skeptic, posted a Tweet thread in which he criticized Elon Musk’s comment that Bitcoin is a flawed currency, though still better than fiat alternatives: According to @elonmusk "Bitcoin is almost as BS as fiat money." So Musk regards both #Bitcoin and fiat as BS.

Austrian Regulator Reports Rise in Crypto Fraud

The FMA reports two-thirds of the investment fraud reports filed in 2020 were related to cryptocurrency and digital currency trading products, according to a report.

Ripple to Build The Core Ledger that Will Power Central Bank Digital Currencies

Ripple has been making headway in pursuing projects involving central bank digital currency issuances.

Digital Yuan Must Dethrone Alipay, WeChat Pay Before Taking on USD - Researcher

Much has been made of the forthcoming digital yuan – China’s central bank digital currency – and its potential threat to the United States dollar, but a China watcher is saying that the token will first need to displace the likes of Alipay and WeChat Pay at the top of the domestic e-pay tree. Alipay is the e-pay arm of the e-commerce giant Alibaba, while the tech

Hollywood Producers Create Digital Currency to Fund Films

Mogul Productions is the latest project aiming to crowdsource funding from content consumers.

Russia’s Digital Ruble Model to Get Bank-Friendly Redesign

Banks had feared being drained of liquidity under the original concept for the digital currency.

Mastercard Tapped to Issue Prepaid Cards Linked to Bahamas’ Central Bank Digital Currency

Mastercard has partnered with the Central Bank of The Bahamas and Island Pay to issue prepaid cards that would allow people of Bahamas to instantly convert the Bahamas’ CBDC to cash during purchases.

The Bahamas gets a card for its sand dollar national digital currency

The Central Bank of the Bahamas partnered with Mastercard and digital payment startup Island Pay to launch a card for its central bank digital currency. The Bahamas is moving to make its national digital currency more accessible by launching a prepaid card for the “sand dollar.” The Central Bank of The Bahamas has partnered with global payment giant Mastercard and local payment startup Island Pay to create a card that supports the sand dollar central bank digital currency. According to a Wednesday announcement, the card is running under a new program from Mastercard and Island Pay, allowing users to convert the digital currency to traditional Bahamian dollars and pay for goods and services.

Sweden extends digital krona digital currency pilot until 2022

Sweden's exploration into CBDCs will continue until 2022, as the nation's central bank seeks to construct a digital version of the krona. Sweden’s central bank has extended an ongoing pilot aimed at creating a digital version of the Swedish krona until 2022, as was recently announced by the nation’s Riksbank. In combination with professional services firm Accenture, the “e-krona” pilot program was created to address what the Riksbank sees as “the marginalization of cash”: “The Riksbank sees potential problems with the marginalisation of cash and has therefore initiated a pilot project to develop a proposal for a technical solution for a central bank digital currency, an e-krona that can work as a complement to cash." The recent announcement states that no decision has been made on how, or even if, the e-krona will be issued.

World’s Oldest Central Bank Extends Digital Currency Test Till 2022

Sweden's Riksbank said it would continue work with Accenture on a potential e-krona digital currency until next year.

Only 5% of Financial Executives Want to Invest in Bitcoin in 2021, According to Survey

According to a survey, about 70% of financial executives said that they are watching closely what others are doing with Bitcoins and they would still like to hear more from regulators about the digital currency before allocating a portion of their company's cash reserves to the cryptocurrency.

Tesla’s Bitcoin Buy May Lead to Widespread Corporate Adoption – Eventually: Wedbush

The firm called the leading cryptocurrency "the start of a new age on the digital currency front."

Digital Asset Manager Grayscale Expands Leadership Team With Trio of C-Suite Hires

The digital currency asset manager's new executives bring with them experience at firms such as Goldman Sachs, Bank of America and Ripple Labs.

Russian Mobile Operators Eye Payments Services, Wallets for Digital Ruble

Some telcos are looking at developing a digital wallet that would link the digital currency to users' mobile phone numbers.

Thai SEC schedules hearings to address crypto investor qualifications

The SEC of Thailand is looking to establish qualifications for crypto investors as digital currency purchases increase. A major financial regulator in Thailand is looking to determine qualifications for cryptocurrency traders to ensure investor protection. The Securities and Exchange Commission of Thailand has scheduled a public hearing this month to address specific requirements for investors that want to open a crypto trading account, local news agency The Bangkok Post reports Feb.

Bitcoin Snaps Back After Slight Dip, Current BTC Chart ‘Is Near Identical to August 2017’

Digital currency prices are on the move again, after tumbling a hair downwards during Sunday evening’s trading sessions.

Blockchain firm aims to build crypto city in Nevada desert

CEO Jeffrey Berns says the smart city could incorporate digital currency payments for goods and services as well as records on the blockchain. Blockchain incubator and investment firm Blockchains LLC is stepping up its plans to build a smart city in the Nevada desert east of Reno. In an interview with the Associated Press released Saturday, Blockchains CEO Jeffrey Berns said he had asked the state of Nevada to let him form a local government on the 67,000 acres the firm owns in Storey County.

Red Envelopes and BCH: Prominent Mining Execs Jiang Zhuoer and Jihan Wu Bolster Bitcoin Cash

In recent days, bitcoin cash has seen significant gains, and supporters of the digital currency have been positive about specific developments, like the internet entrepreneur Kim Dotcom’s current support.

‘Black Swan’ Author Pulls a 180- Nassim Taleb Says ‘Bitcoin’s a Failure, at Least for Now’

On February 12, the well known Lebanese-American essayist and risk analyst, Nassim Nicholas Taleb, declared that the leading digital currency bitcoin is a failure, at least for now.

Amazon Is Working on Digital Currency Solutions— Pilot Project Set to Launch in Mexico

The e-commerce giant is preparing to explore the crypto business, as a recent job listing suggests.

Colombia’s Financial Superintendent Approves Nine Crypto Platforms to Work With National Banks

In Colombia, the entity managed by the Ministry of Finance and Public Credit, the Financial Superintendence of Colombia (Superfinanciera) has revealed the authorization of alliances between Colombian banks and digital currency exchanges.

Stablecoin adoption and pivot to DeFi drive Algorand (ALGO) price higher

Algorand rallied to a multi-year high after the network emerged as a possible choice for central bank digital currencies and the team revealed its DeFi plans. In the past few months cryptocurrencies have become a frequent topic of discussion among the mainstream media and traditional investors partially because of the Bitcoin evangelism of well-known influencers like Elon Musk, Mark Cuban and Michael Saylor.  One platform that has benefited from increased attention on the cryptocurrency sector is Algorand (ALGO), a scalable, secure, and decentralized digital currency platform. Since the start of 2021, ALGO price has steadily grown from $0.33 on Jan.

Amazon Quietly Removes Job Ad Revealing Digital Currency Plans – Here’s What We Know So Far

Online retail giant Amazon has removed a job advertisement stating the company is working on a digital currency project.

Why Bitcoin and gold can work together for your portfolio

The largest digital currency, Bitcoin has been referred to as a robust store of value, digital gold, and a hedge against the US dollar.

Bitcoin's Diluted Market Cap Tops $1 Trillion For First Time As BTC Price Hits New High

As Bitcoin recently attained a new ATH above $48,000, the premier digital currency has also recorded a $1 trillion diluted market cap#https://blockchain.news/news/democrat-andrew-yang-wants-new-york-city-to-be-a-hub-for-bitcoin-and-crypto; (Read More)

4 top universities submit CBDC designs to the Bank of Canada

Following initial discussions with the Bank of Canada, four top universities have submitted design proposals for a central bank digital currency.

Amazon job postings hint at digital payments project to launch in Mexico

Amazon has been silently working on a new digital currency project in Mexico, according to the company’s job postings.

Amazon Aims to Advance Its Digital Currency Project in Mexico

Amazon has been planning on launching a digital currency project in Mexico, and a job posting revealed that it was looking for engineers and developers for the part.

Amazon Is Hiring Developers for a Digital Currency Project

Amazon's Digital and Emerging Payments (DEP) division is hiring developers and engineers for a digital currency project to be launched in Mexico.

Amazon Preparing to Launch a ‘Digital Currency’ Project in Mexico

Job postings describe a walled garden-type digital currency that could roll out in emerging economies.

Mastercard Will Let Merchants Accept Payments in Crypto This Year

The payments giant plans to support digital currency transactions directly on network.

ECB leader floats 3K threshold for digital euro holdings

The central bank said it will reach a decision on releasing a digital euro "towards the middle of 2021." In an interview today, Fabio Panetta, executive member of the European Central Bank said the ECB may only allow digital euro holdings “up to a certain threshold” but added that the rollout of the central bank digital currency was unlikely to cause banks to lose deposits.

Beijing’s $1.5 Million Digital Yuan Giveaway: China to Airdrop Digital Currency for Chinese New Year

China is giving away 10 million yuan in its central bank digital currency in Beijing.

Bank of Korea: CBDCs Are Fiat Currency Not Virtual Assets

Some legal changes would be needed before a potential central bank digital currency launch in South Korea, research indicates.

Bank of Korea publishes book on central bank digital currency's legal issues

South Korea's central bank has issue a book on legal matters that would need to be addressed to ensure the smooth operations and usefulness of a future central bank digital currency. Last fall, the Bank of Korea announced it would be testing the distribution of a central bank digital currency in 2021.

Hardware wallet for digital yuan debuts in Xiong’an New Area

China’s first hardware wallet for the digital yuan supports dual offline payments without an internet connection. A Chinese banking institution has completed the development of a hardware wallet for the country’s central bank digital currency, the digital yuan According to a Feb.

Luxurious Pro Network Token Officially Listed on PROBIT

PRESS RELEASE. The LUXURIOUS PRO NETWORK TOKEN is now officially listed on PROBIT, a globally reputed professional digital currency exchange.

Bitcoin Climbs Past $40k, Analyst Expects Another Jump in BTC Value, ETH Taps New Highs

The price of bitcoin is nearing the crypto asset’s all-time price high on Saturday, as the digital currency has gained over 6% during the last 24 hours.

India’s Central Bank RBI Close to Digital Currency Decision as Paypal Exits Indian Payments Market

The Reserve Bank of India (RBI) is actively working on a digital currency and will make a decision “very soon,” the central bank has reportedly confirmed.

A Mysterious Dogecoin Address Absorbed 27% of the Supply, the Top 20 Addresses Captured 50%

Just recently, the crypto asset dogecoin has seen some significant price gains and on Wednesday, Tesla’s founder Elon Musk tweeted about the digital currency incessantly.

Crypto-Centric VC Fund Lures in Billionaire Investor Paul Tudor Jones and Rapper LL Cool J

This week the former Digital Currency Group (DCG) Vice President of Investments, Travis Scher, announced a $72 million crypto-focused venture capital fund backed by the billionaire investor Paul Tudor Jones and hip-hop star LL Cool J.

LL Cool J and Paul Tudor Jones back $72M crypto fund

The fund has already invested in a number of blockchain projects including Dapper Labs, Axelar and Nori. Several high-profile figures in finance and entertainment are reportedly backing a new venture capital crypto fund from former Digital Currency Group investor Travis Scher, Silver Lake Partners co-founder Glenn Hutchins, and his son James Hutchins. According to a report from Yahoo Finance, the crypto fund has raised roughly $72 million from investors including Paul Tudor Jones, rapper and actor LL Cool J, and former PepsiCo CEO Indra Nooyi.

Bitcoin News Roundup for Feb. 4, 2021

With ether breaching another all-time high and payments giant Visa expanding its digital currency roadmap, CoinDesk’s Market Daily is back with the latest news roundup.

China’s Central Bank Is Partnering With SWIFT on a New Joint Venture

It's unclear what the new group's mission will be, though People's Bank of China employees working on its digital currency efforts will be involved.

China Leads Africa’s Digital Currency Race

With years of public investment and plenty of penetration for its phone makers, China is well placed to establish a digital currency in Africa.

Crypto Markets Surge, ETH Price Rallies, Bitcoin’s Tight Range Indicates Big Move Ahead

Digital currency markets have been on the move northbound on Wednesday as bitcoin and numerous crypto assets have seen decent gains.

Crypto to Fiat Payments: How Do They Work and Why Are They So Important

The text below is an advertorial article that was not written by Cryptonews.com journalists. At the end of 2020 and the beginning of 2021, amidst the growth of Bitcoin (BTC), the most capitalized cryptocurrency, the digital currency market attracted a fair number of new users.

Indian Government Clarifies Position on Cryptocurrency and Digital Rupee

The Indian government has clarified its position on cryptocurrency and the country’s digital currency in answers provided by the Ministry of Finance in Rajya Sabha, the upper house of India’s parliament.

Are CBDCs likely to be gigantic flops?

With the landscape for CBDCs heating up, many countries have accelerated their efforts to issue a central bank digital currency.

Alphabit Digital Currency Fund Deploys Initial Investment in Stratis Protocol and Initiates Coverage

PRESS RELEASE. Stratis’ innovative blockchain solutions have attracted the attention of the digital asset investment fund, Alphabit, who have injected an initial investment while committing to a further 8 figure investment over the next 24 months for growth and development of the BaaS ecosystem.

Alphabit Digital Currency Fund Deploys Initial Investment into Stratis Protocol and Initiates Coverage

Stratis’ innovative blockchain solutions have attracted the attention of the digital asset investment fund, Alphabit, who have injected an initial investment while committing to a further 7 figure i The post Alphabit Digital Currency Fund Deploys Initial Investment into Stratis Protocol and Initiates Coverage appeared first on AMBCrypto.

Lawmakers in India Considering New Ban on Bitcoin and Cryptocurrency: Report

Lawmakers in India are planning to introduce a bill that aims to ban Bitcoin and other crypto assets while seeking to create the country’s official digital currency.

Alphabit Digital Currency Fund Deploys Initial Investment into Stratis Protocol and Initiates Coverage

[PRESS RELEASE – Please Read Disclaimer] 1st February 2020, London, United Kingdom: Blockchain as a Solution (BaaS) service provider Stratis makes decentralized adoption easier for any firm with its innovative products designed to fit seamlessly with legacy operations, by allowing companies access to the Stratis blockchain via the widely-used C# programming language.

India Plans to Ban Private Cryptos like Bitcoin in Favor of National Cryptocurrency

India plans introducing a new bill to ban private cryptocurrencies as well as introduce a national digital currency.

India Proposes Cryptocurrency Ban

The Indian government has proposed a plan to “ban all private cryptocurrencies" and introduce a central bank digital currency (CBDC).

The Bitcoin Paradox

“The only thing worse than being blind is having sight and no vision.” – Helen Keller In a recent piece for CoinGeek titled “The BTC bubble will pop soon,” Patrick Thompson writes, “The digital currency market bubble is coming to an end; some believe that the markets have one pump left before a major decline, but regardless, the […] The post The Bitcoin Paradox appeared first on The Daily Hodl.

Coinbase unveils plans for direct stock listing

The San Francisco-based digital currency exchange plans to go public later this year.

Central banks must play ‘pivotal role’ in digital money, says BIS exec

An exec at the Bank for International Settlements wants central banks to helm the evolution of digital money. With central bank digital currencies — or CBDCs — on the agenda in many countries, the general manager of the Bank for International Settlements has weighed in on the role of the mainstream financial establishment in the emerging digital currency landscape. Speaking at the Hoover Institution policy seminar on Jan.

86% Of Surveyed Central Banks Now Engage In CBDC Work - BIS

As the world’s central banks are increasingly looking into central bank digital currency (CBDC) projects, their focus is shifting into more advanced stages of CBDC engagement, with more banks moving from conceptual work to experimentation, according to a new report by the Bank for International Settlements (BIS). Data presented by the report, entitled Ready,

Digital Currency Group's crypto mining arm enters top 10 global mining pools

Foundry entered the cryptocurrency mining game in August 2020. Foundry, a wholly owned cryptocurrency mining subsidiary of Digital Currency Group, or DCG, has entered the top 10 largest Bitcoin (BTC) mining pools in the world. The firm's CEO, Barry Silbert, announced the news on Tuesday, predicting that Foundry will soon break into the top five mining pools list. At publishing time, Foundry has a total hash rate of 2.74 exahashes per second, according to data from block explorer BTC.com.

Bitcoin made up 97% of total crypto inflows in 2021

Bitcoin trading volumes surged significantly this year, jumping from an average of $2 billion in 2020 to $12 billion. Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, remains the most preferred digital currency for investors, according to a new report. Bitcoin inflows accounted for 97% of total crypto inflows so far in 2021, according to a Jan.

Hawaii to Let More Crypto Companies Join Regulatory Sandbox

Hawaii's Digital Currency Innovation Lab is accepting a second round of applications through Feb.

Bank of England Governor Insists Digital Payments (but Not Crypto) Are Sticking Around

BoE Governor Andrew Bailey said cryptocurrencies "as originally formulated" are not the ideal form of digital currency.

Reserve Bank of India 'exploring the possibility' of a digital currency

The bank still claimed that government bodies and regulators in India are both “skeptical” and “apprehensive” about crypto. Less than a year after the Indian supreme court overturned the Reserve Bank of India’s ban on crypto businesses, and the bank’s position on digital assets is looking slightly more bullish. According to a booklet on payments released today by the Reserve Bank of India, or RBI, the bank is “exploring the possibility as to whether there is a need for a digital version of fiat currency.” The bank added that if it found a need, it would look into ways to put digital currency into use. The RBI booklet acknowledged the popularity surrounding cryptocurrencies worldwide, but claimed that Indian regulators and local government bodies are both “skeptical” and “apprehensive” about them.

Eugen Rosenmeier’s Take on the Benefits of Digital Marketing for Blockchain Projects and ICOs

The text below is an advertorial article that was not written by Cryptonews.com journalists. Eugen Rosenmeier is a cryptocurrency expert who regularly consults on digital marketing for digital currency projects such as ICOs and blockchain.

China's DCEP to be tested in Beijing and Shanghai

China has been striving to release its own digital currency or Digital Currency Electronic Payment [DCEP] in 2021.

Beijing, Shanghai to Join Wider Testing of Digital Yuan in 2021

The wider effort to promote the digital currency precedes a launch in the "near future," per a state media report.

COVID-19 Pandemic Accelerated Rollouts Of 'Game-Changing' CBDCs

Hastened by the pandemic, central bank digital currency (CBDC) initiatives will roll out in the next couple of years, becoming a "game-changer," industry insiders told Cryptonews.com.

Russia’s Largest Retail Bank to Launch Stablecoin: Reports

Sberbank filed an application to the Bank of Russia this month to launch a ruble-pegged digital currency.

Crypto Economy Shaves $100 Billion, Digital Asset Markets Recover Some Losses

Digital currency markets have dropped in value during the last two days as more than $100 billion was shaved off the entire crypto market valuation.

Chinese city to issue $3 million in digital Yuan in pilot giveaway

For the third time, China's southeastern city of Shenzhen will issue the nation’s digital currency as part of an ongoing pilot program to test China’s central bank project among its citizens.  The post Chinese city to issue $3 million in digital Yuan in pilot giveaway appeared first on AMBCrypto.

Chinese City Plans Third Digital Yuan Pilot, Giving Away $3M-Worth in Prize Draw

Being held as a public pilot of the central bank digital currency, lottery entrants can apply to win 200 digital yuan each.

Silvergate Took Nearly $3B in Deposits From Digital Currency Customers in Q4 2020

The majority of the new deposits came from cryptocurrency exchange clients.

Chinese cities continue to promote digital yuan through festive lotteries

The city of Shenzhen has launched the third round of its central bank digital currency pilot in the form of a promotional lottery scheme offering residents handouts during local festivities. Residents of the Longhua District in the Chinese city of Shenzhen will have a chance to participate in a forthcoming lottery event that aims to encourage the adoption of the country's new central bank digital currency — known alternatively as the DC/EP, digital renminbi, or digital yuan.  Announced on Jan.

Japan Heading for Stage Two of its CBDC Pilot in Spring

Japan’s central bank, the Bank of Japan (BoJ) is reportedly gearing up to move into the second phase of its three-part digital yen project- as the nation edges closer to rolling out a central bank digital currency (CDBC). Officially the BoJ still remains firmly on the fence on the matter of CBDC issuance.

Firo is latest proof-of-work coin to suffer 51% attack; 306 blocks rolled back

Privacy-focused digital currency, Firo, formerly known as Zcoin, suffered a 51% attack in the early hours of 20 January.

French Central Bank Trials Digital Currency for Interbank Settlement

The pilot involved the settlement on a private blockchain of around €2 million.

Bank of France settles $2.4M fund in central bank digital currency pilot

The Bank of France processed $2.4 million worth of fund units using a CBDC in December as part of ongoing experiments into blockchain and stablecoin technology.