Private Firms Can Boost Central Bank Digital Currencies, IMF Official Says

Private Firms Can Boost Central Bank Digital Currencies, IMF Official Says

"Synthetic CBDCs could let the private sector manage digital currencies backed by central banks, says the IMF's Tommaso Mancini-Griffoli."

Read more: www.coindesk.com

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PBC Governor says China has no launch timetable for the Digital Yuan

The People’s Bank of China has reiterated that the Digital Yuan is still at the testing phase and there is no set timetable for the official launch The Governor of the People’s Bank of China (PBC) Yi Gang has reportedly told a panel at a meeting t...

Read more: feedproxy.google.com

BitAmp – The Next New Open Source Wallet

With the recent rise of Bitcoin prices and the Bitcoin halvening, new entrants into the cryptocurrency field may wonder where they can self-custody their Bitcoin in the most secure way. BitAmp’s Emphasis on Privacy and Security The developers behind...

Read more: news.bitcoin.com

IMF Predicts Banks Will Struggle at Least 5 More Years After Global Economy Recovers

The International Monetary Fund (IMF) has predicted that banks will struggle to generate profits at least five years after the global economy recovers from the coronavirus-led economic crisis. The IMF explained that banks were struggling even before the c...

Read more: news.bitcoin.com

Facebook and Amazon Stock Hit New Highs as Stock Market Outperforms Economy

The price of Facebook (NASDAQ: FB) and Amazon (NASDAQ: AMZN) stock hit a new all-time high amid the coronavirus pandemic, as the stock market has been outperforming the economy.

Read more: www.cryptoglobe.com

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