Central Bank of Bahrain successfully trials JPMorgan’s token for its digital payment

    The Central Bank of Bahrain (CBB) has successfully completed a digital payments test in collaboration with JPMorgan’s blockchain and cryptocurrency unit Onyx. The trial run included testing the widely anticipated JPM Coin, a digital currency backed by the American investment bank JPMorgan. Bahrain’s central bank revealed it is committed to improving the customer experience for…

    PayPal is exploring its own stablecoin backed by the US dollar

    PayPal confirmed Friday that it’s currently researching a PayPal stablecoin, Bloomberg reports. Before, developer Steve Moser found code inside the PayPal app regarding PayPal Coin, a US dollar-backed stablecoin. A PayPal spokesperson confirmed the code and images came from an internal hackathon by the company’s blockchain, crypto, and digital currencies division. “We are exploring a…

    As Turkey’s inflation surges to 36%, citizens turn from the lira to stablecoins

    Turkey’s economy remains in turmoil with inflation rising to 36%, and since this time last year, the country’s currency has lost 44% of its value against the US dollar. Meanwhile, the use of stablecoins in Turkey has skyrocketed, and today, 28.96% of all trades with Tether (USDT) are paired against the Turkish lira. Reports from…

    Crypto in 2022: 5 predictions for Bitcoin, NFTs and the future of money

    CNET’s experts reveal where cryptocurrency is headed in 2022. This story is part of The Year Ahead, CNET’s look at how the world will continue to evolve starting in 2022 and beyond. Cryptocurrency made many of the strangest headlines of 2021. Boosters touted digital currencies as a world-changing technology with the potential to create new…

    Crypto in 2022: A fintech expert’s top 6 crypto predictions

    James Ledbetter, the editor and publisher of the fintech newsletter FIN and the former editor-in-chief of Inc, collected the top 6 crypto predictions for 2022. 2021 was a wild year for cryptocurrency. Despite Bitcoin’s recent plunge, for example, its price has still risen by more than 70% in the past 52 weeks. More important, Bitcoin…

    Terra’s LUNA hits all-time high above $100, with a record DeFi value of $21 billion

    LUNA, the native token of DeFi network Terra, surged to over $100 on Friday to lead a “Santa rally” in crypto markets. Total value locked in Terra has upped 55% over the past week, with a spike in on-chain activity. Some experts suggest DeFi applications like Anchor allure investors to Terra. Traders took advance of…