digital currency

Digital currency is a type of currency available in digital form. It exhibits properties similar to physical currencies, but can allow for instantaneous transactions and borderless transfer-of-ownership. Examples include virtual currencies, cryptocurrencies, and central bank digital currency.

Source: en.wikipedia.org

Nigeria Continues Crackdown on Cash Economy
Nigeria Continues Crackdown on Cash Economy
January 05, 2023  |  Cash

Nigeria will ban cash withdrawals from government accounts from March 1. Modibbo Tukur, the chief executive of the Nigerian Financial Intelligence Unit (NFIU) said the...

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Bitcoin’s 14th Birthday Is No Cause for a Party
Bitcoin’s 14th Birthday Is No Cause for a Party
January 03, 2023  |  Bitcoin

The bitcoin network came into existence Jan. 3, 2009, spawning the cryptocurrency market industry. Among other things, the peer-to-peer (P2P) electronic cash equivalent system promised...

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FTX: Bahamas Seized Digital Assets Without Authorization
FTX: Bahamas Seized Digital Assets Without Authorization
January 02, 2023  |  Cryptocurrency

FTX claimed the Securities Commission of The Bahamas seized its digital assets without authorization.  The firm and its affiliated debtors — together referred to as...

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OpenSea CEO: Future of NFTs is Rosy Despite Crypto Winter
OpenSea CEO: Future of NFTs is Rosy Despite Crypto Winter
December 29, 2022  |  NFTs

The head of NFT marketplace OpenSea is trying to distance his company’s products from cryptocurrencies. In an interview with the Financial Times (FT) published Thursday...

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Boston Fed, MIT Study Paints Path Forward for Digital Dollar
Boston Fed, MIT Study Paints Path Forward for Digital Dollar
December 22, 2022  |  Cryptocurrency

A U.S. digital dollar is possible, and researchers have built the framework to prove it. That’s according to a multi-year project from the Federal Reserve...

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ECB Outlines Banks’ Role in Central Bank Digital Currency Project
ECB Outlines Banks’ Role in Central Bank Digital Currency Project
December 21, 2022  |  CBDC

The ECB has published an update on its Central Bank Digital Currency project. The report, published on Thursday (Dec. 21), outlines the European Central Bank’s...

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Treasury Official: No Hurry for US to Adopt Digital Dollar
Treasury Official: No Hurry for US to Adopt Digital Dollar
December 21, 2022  |  CBDC

A leading U.S. Treasury official says the digital dollar could still be years away. U.S. regulators must first determine whether a central bank digital currency...

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Bank-to-Bank Digital Currency Poses Threat to Stablecoin Appeal 
Bank-to-Bank Digital Currency Poses Threat to Stablecoin Appeal 
December 19, 2022  |  Cryptocurrency

A bank-to-bank digital currency may threaten the appeal of traditional, privately-issued stablecoins. News came last month that the New York Fed has seen the benefits of such...

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Crypto Currency Gets Central Bank Makeover as Nations Pilot CBDCs
Crypto Currency Gets Central Bank Makeover as Nations Pilot CBDCs
December 19, 2022  |  CBDC

The crypto currency market is increasingly inspiring sovereign central banks to mint national digital fiat. “Digital assets are not on trial. Fraud and organizations are...

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