Economy

Another CBDC Coming Soon: Lebanon Seeks to Fight Economic Crisis with Digital Currency
Nov 26, 2020 at 14:34
News
Another CBDC Coming Soon: Lebanon Seeks to Fight Economic Crisis with Digital Currency
The Central bank of Lebanon (BoL) is planning to release its state-backed digital currency known as digital pound. The bank is now the latest financial regulator to embrace the roll out of a central bank digital currency CBDC. The official launch is planned for 2021.
Blockchain Poised to Create $1.76 Trillion Worth of Global Economy by 2030
Oct 20, 2020 at 14:42
News
Blockchain Poised to Create $1.76 Trillion Worth of Global Economy by 2030
According to the recent report by PwC, a global audit and consulting network, Blockchain has what it takes to add $1.76 trillion to global gross domestic product (GDP) by 2030. But what is the basis of these ambitious projections? Are these numbers practical or far from reality?
China Is Approaching the Release of Digital Yuan by Expanding its Trials
Aug 16, 2020 at 11:09
News
China Is Approaching the Release of Digital Yuan by Expanding its Trials
As the idea of issuing the Central Bank Digital Currency (CBDC) is gaining traction worldwide, China makes practical steps to make their digital yuan release closer. Now, the country is going to expand its trials to test the CBDC potential on a larger scale.
Integrating Sharia Law In Bitcoin or How Exchanges Cater to Muslims
Jun 06, 2020 at 08:49
News
Integrating Sharia Law In Bitcoin or How Exchanges Cater to Muslims
Money is among the most important aspects of our day to day lives. The way we handle and perceive money is controlled by our religious and cultural beliefs.
Venezuela Deliberately Reduces Oil Prices in Effort to Boost Petro
Jun 03, 2020 at 12:58
News
Venezuela Deliberately Reduces Oil Prices in Effort to Boost Petro
Venezuela has been pressing different knobs to find the right answer to save its struggling crypto, the Petro.
National People’s Congress: China to Establish a Blockchain Development Fund
May 26, 2020 at 14:38
News
National People’s Congress: China to Establish a Blockchain Development Fund
At this year’s annual gathering, the Chinese legislative body proposed the establishment of a fund to support the development of blockchain technology led by the government.
Albania Passes Law to Act as Legal Framework for Cryptocurrency
May 24, 2020 at 12:22
News
Albania Passes Law to Act as Legal Framework for Cryptocurrency
On Thursday, May 21, the Albanian government officially passed a comprehensive law on the regulation of cryptocurrency-related businesses drafted by the Ministry of Finance and Economy.
Blockchain Technology to Strengthen Trust in Second Hand Markets
May 05, 2020 at 08:22
News
Blockchain Technology to Strengthen Trust in Second Hand Markets
Since the launch of cryptocurrency and its underlying technology, blockchain, many were puzzled as to how it would revolutionize various sectors of the economy. Now, businessmen have found a new use case for blockchain technology in the sale of used mobile phones.
Blockchain and Cryptocurrency Industry Creates Jobs Amidst Coronavirus
Apr 26, 2020 at 12:21
News
Blockchain and Cryptocurrency Industry Creates Jobs Amidst Coronavirus
The crypto and blockchain market is attracting more talent at an unprecedented rate during the coronavirus pandemic.
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