Central Bank Governor Shaktikanta Das told CNBC that the Reserve Bank of India may launch its first digital currency trial programs by December. According to Das, the RBI is researching various aspects of digital currency, such as its security, impact on India’s financial sector, and how it would affect monetary policy and currency in circulation.…
Samsung’s Contribution to the Bank of Korea’s CBDC Development The Bank of Korea’s central bank digital currency (CBDC) initiative, which is set to launch by the end of July 2021, is gathering traction. The effort will be aided by electronics giant Samsung, according to the Korea Times. The platform that will support the CBDC will…
Cryptocurrency is a digital currency that is protected by encryption, and new coins or tokens are created by solving complex mathematical equations. However, for investors, cryptocurrency is an asset that can be bought and sold because its value is not fixed in relation to fiat or traditional currency. The market’s high volatility has resulted in…
Israel’s central bank is said to have completed a secret pilot for a central bank digital currency (CBDC) based on Ethereum’s technology. Globes, an Israeli financial news site, published the assertion, which was then confirmed by BNN Bloomberg. The Bank of Israel (BOI) allegedly completed its pilot in an experimental, closed environment based on Ethereum’s…
As Norton, a world leader in consumer cybersecurity announced the launch of a new feature targeted at allowing users to mine cryptocurrency with only a few clicks, the next generation of PCs may include crypto mining capabilities. According to Gagan Singh, chief product officer of Norton Life Lock, the function allows the company’s PCs to…
The mainstream has taken a growing interest in cryptocurrency as the price of Bitcoin (BTC) continues to reach all-time highs. To put this interest into perspective, researchers at the Cambridge Centre for Alternative Finance recently found that 101 million people across the globe currently hold Bitcoin and other digital assets. The report states that in…
