The latest digital currency giveaway is aimed to gauge user experience ahead of an expected launch.
The future of money will be a tussle between algorithmic and fiat-pegged stablecoins and central bank digital currency experiments.
Almost 50 monetary authorities and central banks are researching and developing wholesale or retail CBDCs. What does 2021 hold in store?
Asia looks poised to continue its trajectory towards digital dominance, says the co-founder of Zilliqa.
This year China and the U.S. faced off over trade and technology bans. But the battler for monetary hegemony has only just begun.
Faced by the rise of stablecoins and other blockchain experiments, central banks had to up their monetary game – and they did.
"We want to announce the designs for a blockchain that can scale Compound over the next century," Compound founder Robert Leshner told CoinDesk.
"We are not like libra and we don’t have an ambition to replace existing currencies,” said a former governor of the People's Bank of China.
The crypto corridor connecting Switzerland and Singapore is firming up, involving many of the usual suspects in banking, custody and trading.
A Swiss experiment on how central bank money can be linked to markets built on distributed ledger technology (DLT) yielded positive results.
A joint Saudi and UAE CBDC pilot found that a distributed payment system offers “significant improvement over centralized payment systems.”
Russian banks fear being left out of the central bank's proposed digital currency system, according to a report.
Oki Matsumoto said a central bank digital currency would make it easier to convert cryptocurrency into legal tender.
As central banks everywhere gear up to launch digital currencies, it's time to consider the possible downsides.
The ability to represent all industrial capacity as tokens on a blockchain will have huge implications for resource use, says our columnist.