The Bank of America (BoA), the US’ second largest bank after JPMorgan Chase, believes a central bank digital currency (CBDC) for the US dollar is “inevitable”, Bloomberg reports. According to BoA digital asset strategists Alkesh Shah and Andrew Moss, CBDCs represent the next step in the advancement of electronic currencies. The bank expects a digital…Continue readingBank of America expects US CBDC launch between 2025 and 2030
Category: Blockchain
BlackRock, the world’s largest asset management corporation, has filed an application with the US Securities and Exchange Commission (SEC) for a blockchain technology exchange-traded fund (ETF). Despite the cryptocurrency market’s recent decline, BlackRock, with $10 trillion in assets under management, hopes to launch an ETF called the ‘iShares Blockchain and Tech ETF’. The filing was…Continue readingBlackRock files for blockchain tech ETF
The Bank of Russia has called for a ban on all cryptocurrency-related activity, including trading, mining and usage. The stance comes off the back of a report, “Cryptocurrencies: trends, risks, measures”, presented on January 20, 2022, at an online press conference. Elizaveta Danilova, the director of the Bank of Russia’s Financial Stability Department, drew attention…Continue readingBank of Russia report calls for total crypto ban
The global crypto ATM market, which is currently worth £55 million, is expected to reach £1.38 billion by 2028 as demand for on-the-move conversion between digital and fiat currencies increases. US consulting firm Grand View Research’s new study, the “Crypto ATM Market Size, Share & Trends Report”, forecasts a compound annual growth rate (CAGR) for…Continue readingGlobal crypto ATM market to grow from £55m to £1.38bn by 2028
Retail giant Walmart has filed a number of documents with the US Patent and Trademark Office that suggest it will launch its own cryptocurrency and NFT collection. The seven new trademarks, which were signed late in December, indicate the retailer plans to make and sell virtual goods from apparel to pet products. One specific trademark…Continue readingWalmart exploring its own cryptocurrency and NFT collection
NatWest has created a new digital team within its capital markets business to upscale its blockchain strategy. Leading the team will be Chris Agathangelou, who was recently appointed as NatWest’s head of digital capital markets. The team will focus on delivering credit and rates products to issuers and investors through digital channels and currencies that…Continue readingNatWest Markets establishes new blockchain team
Leading exchange Binance is sponsoring the 2021 TotalEnergies Africa Cup of Nations (AFCON), the largest international men’s football competition in Africa. As part of an official partnership with the Confederation of African Football (CAF), Binance has taken the mantle of AFCON 2021’s exclusive cryptocurrency and blockchain sponsor. The deal will involve Binance promoting CAF social…Continue readingBinance partners with CAF as Africa Cup of Nations’ blockchain sponsor
PayPal has confirmed it is exploring its own stablecoin after code and logos relating to a “PayPal Coin” were discovered in the company’s iPhone app. Jose Fernandez da Ponte, senior vice president of crypto and digital currencies at PayPal, told Bloomberg, “We are exploring a stablecoin; if and when we seek to move forward, we…Continue readingPayPal is exploring its own stablecoin
Ever since the advent of Bitcoin in the latter half of 2012, the idea behind a digital currency has become incredibly popular to investors as more and more people get interested in cryptocurrency. As one would expect, this phenomenon has driven large corporations and even individuals to create and release all sorts of cryptocurrencies in…Continue readingWhat are meme coins and are they worth investing?
Crypto-based crime hit an all-time high in 2021, but the growth of the digital assets market as a whole far surpassed the rise in illicit activity. A record $14 billion (£10.4bn) flooded into crypto wallets with criminal associations in 2021, more than doubling from the previous year, according to blockchain analytics firm Chainalysis. Whilst this…Continue readingCrypto-based crime outpaced by total market’s growth in 2021