Grayscale withholds on-chain reserves proof for security reasons
Grayscale published a letter attesting that each of Grayscale’s crypto products is fully backed, but did not provide wallet addresses. Grayscale Investments, a cryptocurrency investment product provider, has refused to give on-chain proof of reserves or wallet addresses to demonstrate the underlying assets of its digital currency products, citing “security concerns.” The crypto investment provider […]
Singapore’s Central Bank Set To Explore Digital Currency
Even though MAS is getting ready to test digital currency , it said that the case for a central bank digital currency (CBDC) for retail is “not compelling for now.” Analysts say that many Singaporean investors may not be interested in retail CBDCs. Instead, they may want to buy cryptocurrencies. Singapore’s central bank said on […]
Central Banks Claim Success With Digital Currency Pilot
According to the central banks involved, a project to test a central bank digital currency (CBDC) in four places in Asia and the Middle East has shown that they can speed up and improve cross-border payments. Project mBridge was a pilot program that included commercial and central banks from China, Hong Kong, Thailand, and the […]
Western Union Plans to Venture into Crypto
Remittance giant Western Union has filed crypto-related trademark applications after several unsuccessful attempts to form major crypto partnerships Mike Kondoudis, a trademark attorney, says that the Denver, Colorado-based money transfer company Western Union has filed several trademark applications with the U.S. Patent and Trademark Office that have to do with cryptocurrencies. The company’s applications for […]
Digital currency introduced by Qatar Central Bank in the foundational stage
Qatar central bank is looking into platforms and technology options for its own digital currency. The initiative is now in its early stages. Qatar, a country of 2.8 million people, will join a growing number of nations that are experimenting with the idea of central bank digital currency (CBDC) . The issuance of the digital […]