Could the proposed US ‘digital dollar’ be self-annihilating? Edward Snowden seems to say so

Former Central Intelligence Agency (CIA) and National Security Agency (NSA) subcontractor and whistleblower, Edward Snowden, who recently published an opinion article concerning central bank digital currencies (CBDCs), continued to discuss the danger behind their adoption on Twitter.  According to the famous privacy advocate, CBDCs are  “the newest danger cresting the public horizon,” designed to usher…

US Federal Reserve would soon release ‘detailed plans’ for a digital dollar

In a new move that is set to change the dynamics of the financial industry in the United States, the country’s Federal Reserve is set to release detailed plans that will guide the process of reviewing the risks and benefits attached to issuing a central bank digital currency (CBDC), a report on Wall Street Journal…

ConsenSys among 15 firms shortlisted to develop CBDC for crypto-friendly Singapore

Brazil prez meets with Brian Brooks and Circle to discuss possible CBDC Brazil’s interest in the crypto space does not look like abating anytime soon as the President of the central bank of the country, Roberto Campos Neto, recently held a video conference call with two key figures in the crypto space regarding the rollout…

Crypto-loving Nigeria begins eNaira CBDC project

Bitcoin, Ethereum peer-to-peer volumes in Nigeria continue surging Despite the crypto ban in Nigeria, the country has recorded massive growth in its peer-to-peer bitcoin trade volumes in recent times.  Available data has revealed that in the month of June, citizens of the country traded around $38 million worth of digital assets —the second time the…