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

Australia Finds No ‘Clear Public Interest’ for Retail CBDC
Australia Finds No ‘Clear Public Interest’ for Retail CBDC
September 18, 2024  |  CBDC

If Australia creates a digital currency, it will likely be the wholesale, not retail, variety. That’s according to a report issued Wednesday (Sept. 18) by the country’s...

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This Week in Web3: Crypto Scams and Payments Surge
This Week in Web3: Crypto Scams and Payments Surge
September 11, 2024  |  Cryptocurrency

Cryptocurrencies were created to address supposed pain points across the financial system. By decentralizing transaction verification and record-keeping through a distributed ledger, blockchain-based digital assets...

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Bank of England Announces CBDC Experiments
Bank of England Announces CBDC Experiments
July 30, 2024  |  CBDC

The Bank of England (BoE) is conducting a new series of experiments with central bank digital currencies (CBDCs) for retail use. Citing growing innovations and...

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Bank of Israel Remains Uncertain About Potential CBDC
Bank of Israel Remains Uncertain About Potential CBDC
July 11, 2024  |  CBDC

The Bank of Israel reportedly plans to wait until another advanced economy launches a central bank digital currency (CBDC) before introducing one of its own....

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Digital Asset Fund Outflows Slow, Signaling ‘Sentiment Is Turning’
Digital Asset Fund Outflows Slow, Signaling ‘Sentiment Is Turning’
July 01, 2024  |  Cryptocurrency

Digital asset funds have seen outflows for three consecutive weeks, although the outflow slowed during the most recent week. After experiencing outflows of $600 million...

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Deposit Tokens Gain Favor in Commercial Banking
Deposit Tokens Gain Favor in Commercial Banking
June 14, 2024  |  Blockchain

There’s a new on-chain token in town, and it’s not the one you’re thinking of. While there exists a variety of “tokens” within the 21st-century...

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PayPal Adds Stablecoin to Solana Blockchain
PayPal Adds Stablecoin to Solana Blockchain
May 29, 2024  |  Cryptocurrency

PayPal says its stablecoin — PayPal USD (PYUSD) — is now available on the Solana blockchain. The move is designed to make the stablecoin faster and cheaper to...

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US House Passes Bill Requiring Congressional Authorization for CBDC
US House Passes Bill Requiring Congressional Authorization for CBDC
May 24, 2024  |  CBDC

The U.S. House of Representatives passed a bill Thursday (May 23) that would stop bureaucrats from issuing a central bank digital currency (CBDC) without explicit...

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India Proposes CBDC That Can Function Offline
India Proposes CBDC That Can Function Offline
May 06, 2024  |  CBDC

India’s central bank wants its digital currency to be available without internet access. “One of the key features of cash is that it works offline,” Reserve...

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