Tech

The Bank of International Settlement (BIS) General Manager, Agustin Carsten, thinks that Central Banks should issue digital currencies. This was revealed in a report published today about digital currencies and the future of the monetary system. Bitcoin Is Not A Suitable Alternative For Money Agustin Carsten's report focused on different aspects of the international monetary system and talked extensively about Bitcoin. According to Agustin, the lure of digital currencies has caused a major divide in the right architecture. Some want…

In a recently released booklet titled "Payment and Settlement Systems in India: Journey in the Second Decade of the Millennium," by the Reserve Bank of India (RBI), the apex bank revealed it's considering the possibility of launching a central bank digital currency. Like most individuals and institutions who were once skeptical about joining but are now in the crypto community, the Indian regulators still doubt the digital currency system. They are hesitant about adopting the approach owning to the risks…

De Nederlandsche Bank (DNB), which is Netherlands' central bank, has shown interest in Ripple's payment protocol. The bank hailed Ripple's network as an excellent infrastructure that can boost the Dutch payment system's efficiency and speed. DNB referenced research conducted by the National Forum on innovative ways to improve the Dutch retail payment system. The study found that Ripple could offer financial institutions such as banks the infrastructure needed to facilitate real-time payments. As per the research, Ripple's fast blockchain technology…

Lulu Exchange UAE announced a partnership between Ripple and the Federal Bank of India to increase faster and cheaper real-time payments from the UAE to India. Since Ripple’s lawsuit led to big losses, these newsstands as a good shot for the company’s progress, the UAE is one of the world's leading countries in integrated communications technology. It is constantly advancing its telecommunication infrastructure to allow for greater Internet penetration, closing the gap between physical and digital solutions. UAE Is Innovating…

The American Cancer Society, a nationwide voluntary health organization dedicated to eliminating cancer, announced today that it had launched a new research fund that accepts cryptocurrency donations.  The foundation, which partnered with crypto donation firm The Giving Block for the initiative named the Cancer Crypto Fund, will enable people to make donations in multiple cryptocurrencies, including Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Basic Attention Token (BAT), Chainlink (LINK), Zcash (ZEC), and Gemini USD (GUSD).  According to the…

Harvard University, Yale University, Brown University, and the University of Michigan are among the universities using their multi-billion-dollar donations to buy cryptocurrency directly from exchanges. Historically, universities have implemented two investment strategies with their donations: most have pursued very conservative investment strategies in well-known names and stable sectors. In contrast, some savvy schools in developing regions have taken risky bets to make big profits. First Institutions, Now Universities University donations have a unique legal structure that aims to raise investment…

PayPal Holdings Inc shares were advancing recently after a sell-side analyst took a bullish stance on the payments stock. Mark Palmer, the BTIG analyst, said that the rising shift toward digital payments due to the pandemic has possibly hastened PayPal's long-term growth trajectory. In October, the company announced that its 333 million active users would buy, sell and hold Bitcoin and other cryptos with their digital wallets. Palmer elevated PayPal from Neutral to Buy with a $300 price target calling…

According to data from Whale Alert, the blockchain decacorn Ripple, along with several Binance branches transacted more than 51 million XRP. XRP's downfall started when the SEC filed a lawsuit against Ripple. Meanwhile, Ripple called the allegations unfounded and vowed to respond to them in court in the coming weeks. The San Francisco-based company has repeatedly referred to the US SEC's claim as an attack on crypto. Ripple CEO Garlinghouse claimed the agency's actions directly benefited China. $13 million in…

In a lighthearted tweet shared on Jan 20, 2020, Binance CEO Changpeng “CZ” Zhao revealed that Pornhub would now start accepting Binance Coin (BNB) as one of its payment methods. The move by Binance to partner with the adult content platform will expand the use cases of the BNB coin while introducing yet another crypto payment method for products offered by the Pronhub site. The CEO played on the theme in a series of tweets, announcing the super offer that…