Fun

News Feed - 2023-10-25 07:10:58

David Attlee13 hours agoBank of Spain embraces ‘digital euro,’ explains its benefitsThe digital euro will make electronic payments a vital piece of the financial system, the statement claims.3812 Total views17 Total sharesListen to article 0:00NewsJoin us on social networksBanco de España, Spain’s central bank, has joined a chorus of European banking institutions preparing their customers for the potential benefits of a digital euro. The central bank published a short text on Oct. 19 explaining the nature and uses of the European Union’s potential central bank digital currency (CBDC).


The bank claims that the physical cash format “does not allow to exploit all the advantages offered by the growing digitalization of the economy and society.” However, the digital euro will make electronic payments a vital piece of the financial system.


The authors highlight the possibility of offline payments with the digital euro, emphasizing its level of privacy, equivalent to cash. They also make reservations that in the online form, users’ data would still be visible only to their financial institutions and not to the CBDC infrastructure provider, Eurosystem.


Related:EU data protection regulators urge anonymity for smaller transactions in digital euro


According to the project calendar published in the text, the current “preparation phase,” launched on Oct. 18, will finish by 2025. However, a final decision on issuing a pan-EU CBDC is yet to be made.


The Bank of Finland recently expressed the same amicable sentiment toward the digital euro. A board member, Tuomas Välimäki, called it “the most topical project” in the European payment sector.


On Oct. 25, the European Central Bank (ECB) shared a link to the landing page dedicated to basic information about the digital euro. It promises to deliver an “easier life” and a “stronger Europe.”


Earlier in October, the governing council of the ECB announced the beginning of the ”preparation phase” for the digital euro project. It will last two years and focus on finalizing rules for the digital currency and selecting possible issuers.


Magazine:6 Questions for Adelle Nazarian on crypto, journalism and the future of Bitcoin# Europe# Spain# Adoption# Euro# European Union# CBDC# RegulationAdd reactionAdd reactionRead moreUK’s FinProm a welcome change, but challenge persists — Transak compliance headWill Sam Bankman-Fried fix his case when he takes the stand?Georgia preparing limited live CBDC pilot, considering Ripple among tech providers

News Feed

SEC Chair Warns of ‘Too Good to Be True’ Crypto Products — US Treasury Calls for Urgent Regulation
SEC Chair Warns of "Too Good to Be True" Crypto Products — US Treasury Calls for Urgent Regulation The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler
US Asks Japan to Pressure Crypto Exchanges, Miners Working With Russia, Report Unveils
US Asks Japan to Pressure Crypto Exchanges, Miners Working With Russia, Report Unveils U.S. diplomats have reportedly called on authorities in Tokyo to increase pressure on Japanes
Bitcoin will stay in the $55K to $75K zone for now — Novogratz
Tom Mitchelhill8 hours agoBitcoin will stay in the $55K to $75K zone for now — NovogratzMike Novogratz says crypto is in a “consolidation phase” and predicts that prices will bounce higher at the end of the current
Price analysis 6/14: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, SHIB, AVAX
Rakesh Upadhyay7 hours agoPrice analysis 6/14: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, SHIB, AVAXBitcoin and several altcoins are getting sold into rallies, increasing the risk of a downside breakdown.3481 Total views10
Controversial Ukrainian Oligarch Is Reportedly Mining Bitcoin in the US
Controversial Ukrainian Oligarch Is Reportedly Mining Bitcoin in the US One of the wealthiest oligarchs in Ukraine and a former governor in one of the country&rs
Savannah Fortis9 hours agoCrypto news site The Block shakes off SBF ties with Foresight Ventures dealThe Block bagged a $70 million valuation after it sold a majority stake to a Singapore-based venture capital firm, seve
Coinme Adds BTC Purchase Function to Over 100 Coinstar Kiosks in California
Coinme Adds BTC Purchase Function to Over 100 Coinstar Kiosks in California With over 21,000 kiosks in the U.S., Coinstar is a popular automated service for those who want to tur
US Regulator Probes Bankrupt Crypto Lender Voyager Over Claims of FDIC Insurance
US Regulator Probes Bankrupt Crypto Lender Voyager Over Claims of FDIC Insurance The Federal Deposit Insurance Corporation (FDIC) is probing crypto lender Voyager Digital over clai
Joe Hall11 hours agoRenewable energy Bitcoin mining company powers up in SwedenBitcoin mining lands another green energy data center as global powerhouse GDA sets up shop in Sweden.5135 Total views23 Total sharesListen t
Bitcoin miner Marathon Digital to join S&P SmallCap 600, shares jump 18%
Brayden Lindrea8 hours agoBitcoin miner Marathon Digital to join S&P SmallCap 600, shares jump 18%Marathon Digital will officially be added to the index fund on May 8.3564 Total views6 Total sharesListen to article 0
Institutional adoption in blockchain and crypto at its highest point, says BlockDaemon strategist
Tristan Greene4 hours agoInstitutional adoption in blockchain and crypto at its highest point, says BlockDaemon strategistBarnaby Hodgkins is bullish on mass adoption, Ethereum ETFs, and the future of the industry.946 To
Satoshi Versus the ‘Infrastructure Bill’ — Political Permission Not Required
Satoshi Versus the "Infrastructure Bill" — Political Permission Not Required When Satoshi Nakamoto released the Bitcoin white paper in October 2008, it likely