Digital pound needed to ‘anchor’ monetary system as Bank likely to set £20,000 limit on holdings: John Cunliffe February 7, 2023 John Cunliffe, deputy governor of the Bank of England, said a ‘digital pound’ would be needed to maintain trust in the UK’s monetary system while he set out limits for its use to preserve financial stability. Speaking at UK Finance, Cunliffe said the Bank could not ignore the possibility that the use of cash would [...]
Binance to airdrop BNB crypto tokens to users in the Turkey earthquake region February 7, 2023 Binance will airdrop $100 of its BNB token to all its users identified to be in the regions most affected by the Turkish earthquake tragedy.
OPINION: The public must be correctly informed over Hunt’s roadmap for a CBDC or face the prospect of ‘SpyCoin’ February 7, 2023 Susie Violet Ward takes a dim view of the Bank of England's plans for a 'digital pound' - a CBDC she brands as 'programmable money'.
Is the metaverse immune to CBDCs? February 7, 2023 Dr Chris Kacher weighs up the pros and cons of CBDCs, and wonders if the metaverse can escape their reach with the aid of Web3.
Is UK’s digital pound ‘Britcoin’ innovation or a darker kind of 1984-esque state control? February 7, 2023 Nigel Green warns of a dark side to the Bank of England's announcement that it is to 'explore the possibility' of a CBDC branded 'the digital pound'.
Crypto markets holding tight ahead of today’s speech from US Federal Reserve February 7, 2023 The price of Bitcoin was at $23,010 this morning as it continues to weave around the $23,000 mark. Ethereum is trading for $1,640.
WeTransfer partners with blockchain platform Minima to give more control to digital content creators February 7, 2023 Blockchain platform Minima has announced a unique collaboration with digital content sharing platform WeTransfer.
‘Britcoin’: Bank and Treasury explore the need for a digital pound February 6, 2023 The Bank of England and Treasury are exploring launching a digital pound in a move that officials claim would firm up financial stability in Britain. “No decision has been taken at this stage,” the pair’s experts said yesterday, but added that what some are dubbing ‘Britcoin’ is “likely to be needed in the future”. The [...]
Bybit crypto exchange posts massive futures trading volume leap February 6, 2023 Crypto exchange Bybit has announced a five-fold growth in futures trading volume from $2.8 billion to $13.8 billion year to date.
FCA warns crypto execs could face two years in jail for breaching financial promotion rules February 6, 2023 The Financial Conduct Authority (FCA) has warned crypto businesses that breaching new financial promotion regulations could lead to executives facing up to two years in prison. The FCA said that crypto companies which fail to meet its financial promotion rules will breach the Financial Services and Markets Act, “a criminal offence punishable by up to [...]
