CBDC

Stanford University has identified three defining challenges shaping the future of cryptocurrencies: the absence of clear U.S. regulation, looming risks from quantum computing and growing international momentum around central bank digital currencies (CBDCs). What Happened: The Stanford Emerging...

The House Financial Services Committee held a hearing Tuesday to discuss the need for stablecoin regulation and the harmful impacts of a U.S. Central Bank Digital Currency. What Happened: The hearing was led by Chairman Rep. French Hill (R-AR) and was titled “Examining...

In what could be interpreted as another optimistic signal for cryptocurrencies, Scott Bessent, President-elect Donald Trump’s nominee for Treasury Secretary, argued against the concept of a central bank digital currency in the U.S. on Thursday. What Happened: Bessent was taking...

Global banking network SWIFT is set to trial live transactions involving digital currencies and tokenized assets next year, marking a significant advancement in integrating these assets into the mainstream financial system. What Happened: SWIFT’s initiative aims to streamline trading by using...

Over 40 private sector financial firms have joined forces with the Bank for International Settlements (BIS) and a consortium of leading central banks in Project Agorá, aimed at exploring the potential of tokenization to enhance wholesale cross-border payments. What Happened: The project brings...

The Bank of Russia announced on Thursday that by July 1, 2025, the country’s largest banks will be required to provide full digital ruble services to their clients, marking a significant step toward the widespread use of the national digital currency. What Happened: This initiative will allow...

Ex-President Donald Trump reiterated his desire for the U.S. to make “all the remaining Bitcoin” in order to be “energy dominant.” It’s worth noting that Bitcoin has a capped supply of 21 million and 90% has already been mined. The leading cryptocurrency’s U.S.-...

U.S. Representative Marjorie Taylor Greene has raised alarms about the potential economic consequences for America as she claimed BRICS nations plan to move away from the U.S. dollar. On Wednesday, Greene tweeted that this shift could “destroy America's economy.” What Happened: The...

Despite the Chinese government’s push for the adoption of the digital yuan, many workers are still hesitant to use it for their daily transactions. What Happened: Sammy Lin, an account manager at a state-owned bank in Suzhou, receives her monthly salary in digital yuan. However, she, like...

Sergei Ryabkov, Russia’s Deputy Minister of Foreign Affairs, in an interview said that BRICS nations are considering the adoption of stablecoin transactions and a platform for CBDC payments to boost financial integration. What Happened: This development comes amid growing efforts by the BRICS...

SWIFT’s plans to connect a rapidly growing number of CBDCs with the existing financial framework are receiving backlash on social media. What Happened: Mark Jeffrey took to X (formerly Twitter) to voice his concerns about CBDCs, describing CBDCs as the “ultimate totalitarian tool...

SWIFT, the global bank messaging network, has announced plans to launch a new platform within the next one to two years. This platform will connect the emerging central bank digital currencies (CBDCs) with the existing financial system. What Happened: SWIFT’s head of innovation, Nick Kerigan...

The world of cryptocurrency had a bustling weekend, with Dogecoin’s social sentiment skyrocketing, a proposed bill threatening Central Bank Digital Currencies (CBDCs), a trader turning a modest sum into millions with MAGA Memecoin, and Dogecoin and Shiba Inu on the brink of a bull run. Here...

In a recent development, Republican senators have put forward a bill to ban digital currencies backed by central banks. This move could potentially hinder the Joe Biden administration’s exploration of the technology. What Happened: GOP senators have proposed a bill that would ban the use of...

Rep. Warren Davidson (R-Ohio) amplified his stance on Central Bank Digital Currencies on Tuesday, calling them a fundamental threat to the very foundation of Western society.  What Happened: The House Financial Committee took his concerns on board, approving a bill to prohibit such currencies....