Week 41 – Overview of fundamentals and markets

surge, week 41

Welcome to our weekly brief. Here you will find an overview of main events and news from last week and expected events for week 41.  Fundamentals and expected events: week 41 Crypto markets: Growing Bitcoin has reignited the digital asset markets in the last week. The largest crypto asset ended the week with an impressive

Daily update: October 5th, 2021

scamwatch, week 38, daily

Here you will find our daily update, which will provide you with all the main information and events on the crypto markets for the previous day. Crypto market update Bitcoin continued to climb higher in the past 24 hours and reached a new multi-week high, exceeding briefly $50,000. Most alternative coins on the other hand

What you should know about the monetary system – Part 3 The Future

world peace, monetary system

We have already talked about how the monetary system has evolved and what it looks like now. That leaves the last part, which is to look into the future, where the monetary system may be heading. Let’s take a look. If you missed previous parts of this article, you can find it here: Part 1

Hot news: National Bank of Ukraine to support development of crypto industry

BIS, update, Ukraine

Key message: The National Bank of Ukraine (NBU) has decided to support the development of the crypto industry after the adoption of the law on cryptocurrencies. Thus, on September 13, the bank issued an official statement on the basic principles of monetary policy for the coming year. In this statement, it pays special attention to

What do we know about central bank digital currencies?


You could have heard of central bank digital currencies (CBDCs). It’s also possible that you’ve heard words of praise or criticism, but everything about these currencies is a bit confusing. So let’s take a look at the central bank digital currency that is currently furthest along in its development – the digital yuan (or also

Do Europeans want regulation from the EU or rather from their governments?

regulation, cbdc

Would you rather have your country or the European Union regulate finance? This is exactly the question asked in a Euronews poll, which yielded interesting results. The survey was carried out between 4 and 10 August and involved 31 000 respondents in 12 EU Member States: Estonia, France, Germany, Greece, Hungary, Italy, Latvia, Lithuania, the

Hot news: China residents can invest using the digital yuan


Key message: government-backed Chinese banks have begun exploring new ways to use the digital yuan. Chinese residents can now use it to buy insurance products and investment funds online. These include leading Chinese banks such as Bank of Communications (Bocom) and China Construction Bank (CCB). The cooperation with fund managers and insurance companies was reported

Hot news: Bank of Jamaica launches first batch of digital currency

bank of jamaica

Key message: The Bank of Jamaica (BOJ) launched the first batch of the central bank digital currency (CBDC) on August 10. A total of J$230 million dollars (JMD) in digital currency ($1.49 million) was minted. The BOJ has been working to develop CBDC since early 2020. The original pilot program was supposed to start in

Central bank digital currency (CBDC) is not the same as cryptocrurrency

digital, daily

Central banks are beginning to race to develop their own digital currencies, but it is important to know that these are not the same digital currencies as cryptocurrencies. Let’s take a look at it. CBDC can be linked to stablecoins Many central bank digital currencies that currently exist or are in development are designed around

The Fed is developing a digital dollar, what characteristics should it have?

the fed

The Fed, like other central banks, is developing its digital currency. The motivations for developing these currencies are varied. These currencies may share common assumptions and characteristics, yet each will be unique in its own way. Let’s take a look at how a digital dollar would work and what motivates the Fed to develop one.

What could creation of CBDCs mean for cryptocurrencies?

central banks, creation

In fact, since the creation of the first cryptocurrency, Bitcoin, efforts have been made to regulate cryptocurrencies. In recent years, they have also been pushing for their own digital currencies. Mostly on the suggestion that digital currencies like Bitcoin are threats in their view. Let’s take a look at what central bank digital currencies could

Hot news: Ground X wins tender for a CBDC project


Key message: Ground X, blockchain subsidiary of internet giant Kakao, has won the Bank of Korea’s (BoK) tender for the central bank digital currency (CBDC) and will be the main supplier of the digital won technology.  Ground X won the tender Ground X will collaborate on the project with ConsenSys, a blockchain company based in