Bank of England's CBDC 'Britcoin' May Not Rely on Blockchain
The Bank of England is still mulling over which technology will underpin its Central Bank-Backed Digital Currency (CBDC). All other central banks are using Blockchain technology to issue their national digital currencies...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
All other central banks are using Blockchain technology to issue their national digital currencies. However, the Bank of England has not decided on it yet.
The head of the BOE’s CBDC project, Tom Mutton, said that all options are on the table as the central bank continues its research on whether building a digital pound, dubbed as Britcoin, is worth it. ...
Read More: Bank of England's CBDC 'Britcoin' May Not Rely on Blockchain
Why this matters
This blockchain story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Altcoins gained 21% and still lost ground to Bitcoin. What would finally turn the tables?
Glassnode reported that altcoin market capitalization climbed 21% over the past month, while altcoins' share of the combined Bitco...
A new XRPL upgrade could concentrate XRP ownership inside banks instead of retail wallets
A proposed XRP Ledger (XRPL) upgrade could let banks and fintechs absorb XRP costs so customers never need to hold the token. The...
Ethereum builders face a choice between locking up too much cash or relying on trusted brokers
In a Sept. 8-11 Lido discussion, Commit-Boost contributor Jason Vranek argued that builders funding protocol-backed payments face...
Bitcoin Price Wobbles as Leverage Falls Ahead of CLARITY Vote and Fed Decision
Bitcoin open interest fell by 13.5% in 10 days, dropping from 321,497 BTC to 278,151 BTC even as the underlying price declined onl...
BlackRock’s staking Ethereum ETF pays yield but investors still prefer its $9 billion ETHA fund
Staking was supposed to strengthen Ethereum exchange-traded funds (ETFs), but BlackRock’s early results show investors still favor...
The US Bitcoin reserve faces a crucial bipartisan test Wednesday
The American Reserve Modernization Act (ARMA) would put the federal government's Bitcoin reserve into law for the first time. But...