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Bitcoin Has to Hold above $52,000 to Avoid Further Downward Movements, says Crypto Analyst

Bitcoin Has to Hold above $52,000 to Avoid Further Downward Movements, says Crypto Analyst

Veteran crypto analyst Michael van de Poppe believes BTC has to hold above the $52k level for an upward momentum to be ignited.

China to Launch Its Own Digital Currency Later This Year

China to Launch Its Own Digital Currency Later This Year

In order to remain ahead in the global competition, China plans to launch its own digital currency known as Digital Currency Electronic Payment (DCEP). The digital currency will stimulate daily banking activities like deposits, payments, and withdrawals from the digital wallet. Crypto news website Coin Journal shows that the People’s Bank of China, China’s central bank has initiated the efforts to roll out its very own digital currency. It is an effort aimed at staying ahead among all the central banks worldwide as well as preserving financial sovereignty.

European Commission Eyes Crypto Regulatory Framework with New Digital Finance Package

European Commission Eyes Crypto Regulatory Framework with New Digital Finance Package

The European Commission (EC) has unveiled a digital finance package that highlights legislative proposals on crypto assets and digital resilience.

Japanese Lawmaker Urges Digital Yen Development to Curb China Dominance

Japanese Lawmaker Urges Digital Yen Development to Curb China Dominance

Japanese Lawmaker, Kozo Yamamoto has called for the expedited development of Japan’s digital yen as the race to be the first nation with an operating central bank digital currency (CBDC) heats up.

25 Publicly Traded Companies Hold a Total of 178,855 Bitcoins Worth $9.6 Billion

25 Publicly Traded Companies Hold a Total of 178,855 Bitcoins Worth $9.6 Billion

New data by digital asset firm Bloqport reveals that 25 publicly traded companies now hold a total of 178,855 Bitcoin on their balance sheets worth $9.6 billion.

How Blockchain Technology is Shaping Digital Advertisements

How Blockchain Technology is Shaping Digital Advertisements

There are thousands of ads everywhere, in our phones, applications, websites, there is hardly anywhere you would turn to (digitally) today without bumping into an ad, even when using ad blockers. According to Forbes, an average person is exposed to about 4,000 to 10,000 digital ads every day. They aren’t cheap; the standard ads we see every day on our phones cost billions.

European Central Bank President: Coronavirus Has Accelerated Digital Currency Adoption

European Central Bank President: Coronavirus Has Accelerated Digital Currency Adoption

COVID-19 has led to an acceleration in digital payments adoption and technological innovation, as seen by the spending pattern of European citizens.

Signature Bank Launches New Digital Payments Technology Platform—Signet

Signature Bank Launches New Digital Payments Technology Platform—Signet

In a press release disclosed with Blockchain.news, New York-based Signature Bank announces that it is planning to launch Signet, its digital payments platform, on the Fireblocks network.

AICPA Publishes a Practice Aid for Digital Assets

AICPA Publishes a Practice Aid for Digital Assets

The American Institute of CPAs (AICPA) has not been oblivious to the rapidly changing digital assets ecosystem as it has availed a practice aid to help in crypto accountancy. The practice aid is founded on professional experience and literature from members of the Digital Assets Working Group.

Central Bank Digital Currency (CBDC) Race:  2020 Year in Review

Central Bank Digital Currency (CBDC) Race: 2020 Year in Review

As 2020 comes to a close, we take a look back at the most important developments regarding the pursuit of Central Bank Digital Currencies (CBDC).

Ukraine's Draft Bill on Digital Currencies Undergoes First Parliamentary Hearing

Ukraine's Draft Bill on Digital Currencies Undergoes First Parliamentary Hearing

Ukraine's proposed draft bill for regulating digital assets in the country has passed its first parliamentary hearing.

China's Central Bank Says Digital Yuan Will Not Raise Inflation

China's Central Bank Says Digital Yuan Will Not Raise Inflation

Bank of China claims that the introduction of digital yuan will not cause the occurrence of inflation.

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