Digital Currency News

Digital Currency News

since you’re interested in both traditional and digital currencies, here’s a combined update as of February 17, 2024:

General Digital Currency:

Central Bank Digital Currencies (CBDCs):

US pilot program: The US is launching a pilot to explore a potential CBDC, potentially impacting the broader digital currency landscape.

Europe prepares for “digital euro”: The European Central Bank (ECB) started laying the groundwork for a future euro area CBDC.

Global momentum: 130 countries are exploring CBDCs, reflecting their potential.

IMF report: The Global Financial Asset (IMF) features the possible advantages and difficulties of CBDCs, underscoring the capable turn of events.

Cryptocurrency:

Cost flood: Bitcoin arrived at a two-year high of $52,000, floated by certain feeling and market hopefulness. Other altcoins like Ethereum, Solana, and BNB are additionally seeing increases.

Regulations:

Honduras bans banks from handling crypto: Raising concerns about potential crackdowns elsewhere.

UK outlines “world-first” crypto regime: Aiming for a clear and consistent regulatory framework.

Germany’s DZ Bank to pilot crypto trading: Signalling increasing institutional interest.

Other news:

Coinbase donates to Bitcoin developers: Highlighting support for network infrastructure.

Genesis, a major crypto lender, considers bankruptcy: Underscoring risks in centralised finance (CeFi).

Starknet’s STRK token could debut with a large market cap: Showcasing continued interest in layer-2 scaling solutions.