However, the report notes that cryptocurrency current maturing as an important assets class of the future

Heavy bloodshed seen in the crypto market on Monday as market lost $20 billion valuation in a single day.

Cryptocurrency bulls are starting to develop cold feet after the recent price implosion. After struggling to rise above the $7,000 mark, Bitcoin (BTC) finds itself on the receiving end after plummeting to the $5,200 level.

The central banks say that CBDCs can help them reduce the counterparts credit risks for interbank cross-border payments and settlements.

The two patents talk about leveraging the blockchain technology to effective manage huge and large-sized databases.

This strategic partnership between the two giants will help to deploy “speedy and cost-efficient international payments” across the ASEAN region.

Chinese Central Bank publishes research paper on blockchain technology, and states that it’s unable to replace the current fiat financial system.

Iran has once again reiterated how serious it is about leveraging the power of cryptocurrency to circumvent economic sanctions. The country’s hub tasked with the responsibility of exploring digital technologies has inked a strategic collaboration with Russian developers

The newly formed camps have engaged into an intensive hash war trying to gain dominance over the network.

Lagarde said that safe and secure systems powering digital cash can help foster the digitization in the financial space.