Digital Yuan ready for use as of 2022
The People’s Bank of China (PBoC), the Chinese central bank, plans to use their digital yuan during the 2022 Winter Olympics in Beijing. It could be the first test for…
Federal Reserve Considers Central Bank Digital Currency (CBDC)
The Federal Reserve Bank will publish a report on the potential transition to a Central Bank Digital Currency (CBDC) in the summer of 2021. The advanced projects of several countries,…
eBay enables selling of non-fungible tokens (NFTs)
A week ago, eBay announced that payments with cryptocurrencies were under consideration. Now, the operator of one of the largest online marketplaces has decided to enable the buying and selling…
US Banks considering Bitcoin services
According to crypto custodian and Stone Ridge subsidiary NYDIG, hundreds of U.S. banks will soon allow trading and holding of Bitcoin. After a long period of reluctance, established financial services…
Warren Buffet and Charlie Munger on Bitcoin
Berkshire Hathaway Vice Chairman Charlie Munger has lambasted Bitcoin in the company’s annual shareholder meeting over the weekend, despite its accelerated growth. CEO Warren Buffet has also made negative comments…
JPMorgan and DBS digitize Payments using Blockchain Technology
The US investment bank JPMorgan, Singapore’s largest bank (DBS) and the state-owned investment firm Temasek have jointly launched a new blockchain company focused on global payments and cross-border transactions between…
Venmo offers Cryptocurrencies to 70 million customers
Venmo now offers its more than 70 million customers the opportunity to buy, store and sell cryptocurrencies directly in the app. Adoption of crypto-assets as a means of payment appears…
Morgan Stanley offers access to Bitcoin funds
Morgan Stanley becomes the first major U.S. bank to offer its wealthy clients access to Bitcoin funds. The Bitcoin rally over the past year has seemingly put pressure on Wall…
Digital NFT artwork sold for $69 million
For the first time, a digital artwork in the form of a non-fungible token (NFT) was sold at a major auction house. The price of the painting by Mike Winkelmann…
What took place in calendar week 7 in crypto?
A summarizing review of what has been happening at the crypto markets of the past week. A look at trending sectors, liquidity, volatility, spreads, and more. The weekly report in…