Tag: CBDC

Bitcoin Miners Power up Kentucky as Paducah’s Utility Reaps Financial Gains

Bitcoin
Bitcoin mining operations in Paducah, Kentucky, are drawing substantial electrical resources, per recent municipal disclosures. Local utility provider Paducah Power identifies two bitcoin mining firms among its 10 largest industrial electricity consumers. Bitcoin Operations Drive Paducah’s...

BIS to launch stablecoin monitoring project and up focus on CBDC experiments

Crypto
The Bank for International Settlements (BIS) will heighten focus on experimenting with Central Bank Digital Currencies (CBDCs) this year via its research and development...

Saudi Central Bank still researching CBDC, but no decision on deployment

Crypto
The Saudi Central Bank (SAMA) is ramping up its research into Central Bank Digital Currencies (CBDCs) but is yet to announce a deployment.In a...

Russia Begins CBDC Settlement Mechanism While Sanctions Continue

Blockchain
There are continuous sanctions against Russia as a result of its invasion of Ukraine; yet, reports indicate that Russia's central bank is about to...

The RBI will pilot retail CBDC in December

Blockchain
The Reserve Bank of India (RBI) is getting ready to conduct trials of the "digital rupee" at a number of different retail outlets throughout...

Ripple Labs Inc Floats CBDC Innovate Challenge

Blockchain
Digital currency payments company Ripple Labs Inc has announced a new hackathon dubbed the CBDC Innovate Challenge for developers who can build XRP Ledger-powered...

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