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Central Banks Could Monopolize Commercial Banking Sector via CBDC, Says Federal Reserve

Central Banks Could Monopolize Commercial Banking Sector via CBDC, Says Federal Reserve

A new working paper from the Federal Reserve Bank of Philadelphia indicates that the development of a central bank digital currency (CBDC) may create a fundamental shift in the way banks operate.

Aave Makes History as Core Developers Transfer Governance to Token Holders

Aave Makes History as Core Developers Transfer Governance to Token Holders

DeFi project Aave, has transferred the protocol’s governance rights over to its token holders, allowing the community to control the future of the network.

Trump’s Former Fed Pick to Launch Cryptocurrency

Trump’s Former Fed Pick to Launch Cryptocurrency

Stephen Moore, President’s Trump nominee to the Federal Reserve, has set his sights on the crypto space.

World Economic Forum Views Cryptocurrency as Pivotal Tool for Financial Inclusion

World Economic Forum Views Cryptocurrency as Pivotal Tool for Financial Inclusion

The WEF thinks cryptocurrencies can be pivotal in offering financial services to one-third of the world’s adults, approximately 2 billion people, who are unbanked.

SBI Group Introduces Blockchain-Based Money Transfer Service Between Japan And Vietnam

SBI Group Introduces Blockchain-Based Money Transfer Service Between Japan And Vietnam

SBI Ripple Asia recently announced that it has joined hands with SBI Remit to provide money transfer services between Japan and Vietnam using blockchain technology. Of course, the two Japanese companies are working with a local Vietnamese bank – Tien Phong commercial joint stock bank – for making the transfer in fiat currency.

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