Page 4 of Digital currency News: Digital currency Latest News, Digital currency Today news, Digital currency Breaking News

Multiple benefits are touted when it comes to CBDCs. The RBI says that the system will "bolster India's digital economy, enhance financial inclusion, and make the monetary and payment systems more efficient".

Future of money? Slow but steady, India appears to be moving towards a digital currency

In the words of the Reserve Bank of India (RBI), “CBDC is the legal tender issued by a central bank…

Updated: November 22, 2022 11:41 IST

Central Bank Digital Currency, CBDC, retail CBDC, wholesale CBDC, Digital Rupee, UPI, NEFT, RTGS, IMPS, debit card, credit card, crypto currency, RBI

Central Bank Digital Currency: How is CBDC different from UPI, NEFT, RTGS, IMPS?

The Digital Rupee will be used for making digital payments similar to making payments made through UPI, NEFT, RTGS, IMPS,…

November 2, 2022 20:26 IST

Furthermore, the work is claimed to be accepted at Elsevier Information Sciences.

IIIT Delhi researchers develop AI-driven conventional financing to predict crypto prices

On available cryptocurrency data, it was shown that the said method is very precise in predicting future prices.

Updated: November 3, 2022 09:40 IST

e-rupee, digital rupee, shaktikanta das, rbi governor

Digital wholesale rupee a landmark in history of currency; retail e-Rupee launch soon, says RBI guv Das

The Reserve Bank of India (RBI) governor Shaktikanta Das on Wednesday termed the launch of wholesale e-rupee a landmark moment…

November 2, 2022 13:50 IST

E-rupee pilot sees trades worth Rs 275 crore on Day 1

The banks transacted 24 deals worth Rs 140 crore in the 7.38% 2027 bond, 23 trades worth Rs 130 crore…

November 2, 2022 05:30 IST

Reserve Bank of India | First Pilot Of Digital Rupee Launch Today |

RBI to launch pilot of digital rupee today; SBI, HDFC Bank, 7 other lenders identified for participation

RBI To Launch First Pilot Of Digital Rupee Today: The Reserve Bank of India (RBI) will launch the first pilot…

Updated: November 1, 2022 12:40 IST

Reportedly, Binance and its now-bankrupt former rival FTX handle customer deposits is under close scrutiny

Crypto traders flee India exchanges to Binance to escape tax

Daily volumes at key India-based platforms are down over 90% since a 1% tax on crypto transactions took effect in…

September 14, 2022 18:24 IST

CBDCs are Inevitable

CBDCs are inevitable for the same reason that The Space Economy is inevitable. To be a world power in the…

August 30, 2022 08:20 IST

Over 6 million unique users had used e-CNY cash to order services on Meituan as of its most recent statistics update, which was dated June 20.

China begins next phase of CBDC testing with e-CNY payment for public transport

In the city of Guangzhou, it was recently made feasible to use the CBDC to make employee housing fund contributions.

August 24, 2022 10:35 IST

Open interest (OI) on futures markets was of special interest, with ETH activity nearly double that of BTC.

Ethereum reaches an 8-month high in BTC as investors flock to ‘riskier’ altcoins

Meanwhile, trading firm QCP Capital reiterated the need for caution in a rising cryptocurrency market in its weekly market report…

August 14, 2022 11:37 IST

Some countries have more fundamental challenges that a digital counterpart of a fiat currency may not be able to address.

What factors often drive a country’s acceptance of Bitcoin as legal tender?

The Central African Republic is the second country to accept Bitcoin as legal money (CAR).

August 14, 2022 11:07 IST

Grayscale is the second-largest Bitcoin holding overall, behind massive crypto exchange Binance.

In India, 7.3% of the population owned digital currency in 2021, 7th highest in the world: United Nations

The UN trade and development body UNCTAD said that in 2021, developing countries accounted for 15 of the top 20…

August 11, 2022 08:28 IST

Binance battle with WazirX escalates

The relationship between Binance and WazirX turned sour after the Enforcement Directorate (ED) froze bank balances to the tune of…

August 9, 2022 05:30 IST

An enhanced encryption method that gives consumers access to their cryptocurrency is known as a private key.

What are decentralised exchanges; how to use DEXs

Top-tier blockchains that support smart contracts have formed the foundation for the development of well-known decentralised exchanges

August 7, 2022 13:50 IST

The loan was given to an unnamed company that makes environmental protection equipment for steel plants in Suzhou province.

Chinese municipal bank issues first-ever digital yuan loan using intellectual property as collateral

The People’s Bank of China, which presently has 15 provinces with e-CNY testing centres, stated two days earlier that it…

August 4, 2022 11:02 IST

Lumos Labs’ Kaavya Prasad on why adoption of metaverse is on the rise

As per Prasad, anybody with access to the metaverse can engage in multimodal interactions with the digital environment

Updated: August 3, 2022 16:33 IST

USDD on Tron, USDN on the Near Protocol, and Ethereum's Frax, which is partially algorithmic and partially collateralised, are the three notable algorithmic stablecoins now in use, said the report.

IMF warns of more crypto pain ahead

The IMF director said that the knock-on effect of an economic downturn could see the failure of coin offerings, as…

July 29, 2022 13:52 IST

Voyager was one of several crypto firms to struggle in the wake of broad crypto market turmoil.

US regulators order Voyager Digital to stop ‘false and misleading’ deposit insurance claims

In reality, the company simply had a deposit account at Metropolitan Commercial Bank, and customers investing via the company’s platform…

Updated: July 29, 2022 15:33 IST

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