Central bank digital currencies (CBDCs) are a form of digital currency issued by a country's central bank.
Traders’ flight from risky investments has halved the price of bitcoin and other cryptocurrencies, wiping out more than $1 trillion worth of digital money since November.
Lawmakers have joined the chorus of officials who want the US to create a digital currency that would virtually eliminate funds transfer waiting periods, cut fees and enable those without bank accounts to move money across borders. One problem: lose your token card or passcode, lose your money.
North Korean hackers stole almost $400m (£291m) worth of digital assets in at least seven attacks on cryptocurrency platforms last year, a report claims.
How much is your palm print worth? If you ask Amazon, it’s about $10 in promotional credit if you enroll your palm prints in its checkout-free stores and link it to your Amazon account.
The classic ransom is a suitcase full of unmarked U.S. dollar bills. Bitcoin’s role in the Colonial Pipeline hack shows the global currency of crime has a rival. That’s a sort of sign of bitcoin’s success, but it also sets the scene for regulators to step up their interventions.
The Riksbank, Sweden’s central bank, has announced the launch of a year-long pilot project of its proposed e-krona. The project will use distributed ledger technology inspired by the blockchains that run cryptocurrencies.
German financial watchdog provides clarity on the legal status of cryptocurrencies.
Though it’s theoretically possible, there is no evidence that physical money—or any inanimate surface, for that matter—helps the virus spread.
As Beijing introduces a centralized digital yuan, Chinese citizens will lose one of the last untrackable domains: paper cash
Real-world tests of the system are set to begin soon, according to a local news report.
It seems bitcoin has come out swinging against fiat currency — as one of the world’s largest fiat currency exchanges is offline due to a software virus. UK currency exchange site Travelex may be subject to ransom demands to get back online and protect its customers’ data; the attackers are demanding a six-figure ransom to be paid in bitcoin, according to Computer Weekly.
The world is moving towards cashless payment, and Asia is leading the charge with companies like Alibaba, Tencent, and Grab, and fast-growing mobile payment usage rates across the region. In China, more than 600 million people already use mobile payments, and in Southeast Asia, users are catching up fast.
Από όλη την έρευνα που έχω κάνει όλα αυτά τα χρόνια, η ιδέα που με ανησυχεί περισσότερο είναι ότι όσο πηγαίνουμε προς μια κοινωνία χωρίς μετρητά, τόσο περισσότερο η ηθική μας πυξίδα αδρανεί.
The Adam Smith Institute have recently published my report “Killing the Cash Cow: Why Andy Haldane is Wrong on Demonetisation” on Andy Haldane’s proposal (“How low can you go?”) to abolish cash. [Disclosure: Andy and I are old friends and I criticize him reluctantly.] I think Andy has made some marvellous contributions to the economic policy debate since the onset of the Global Financial Crisis, but this isn’t one of them. Going further, I believe that those who advocate or who are even willing to entertain the abolition of cash are onto a seriously bad idea.
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