Bank of England

The central bank expects to release the final set of regulations by 2025.

Bank of England governor Andrew Bailey said Bitcoin and other cryptocurrencies don’t meet standards to be recognized as money.

Bitcoin continued to trade above US$28,000 on Wednesday afternoon in Asia. Ether also rose, along with all other top 10 non-stablecoin cryptocurrencies with XRP and Cardano leading gains.

Critics fear CBDCs could mean the end of cryptocurrencies, and an increasing number of countries are racing to develop their own.

Bitcoin and Ether traded mostly little changed Friday morning after a strong run up in the week, with other top 10 cryptocurrencies prices mixed.

Bitcoin recovered above US$19,000 in early Thursday morning trading in Asia, after fluctuating around that resistance level for the past week. Ether also moved higher, while BNB led the gains in the cryptocurrency top 10 by market capitalization, all of which rose. See related article: Markets: Bitcoin price back under US$20,000, Ether little changed, XRP […]

Digital FMI Consortium, a group of private-sector companies, plans to examine cross-border payments and make recommendations to the Bank of England using its own sterling-backed coin, dSterling. See related article: Next step for spot Bitcoin ETF in the US may be a courtroom battle Fast facts The consortium announced Project New Era, which will deploy […]

Crypto exchange Vauld is in buyout talks with Nexo. Meanwhile, other exchanges are in a fight against bankruptcy as Celsius pushes on despite short squeeze.