LINK price analysis as Hong Kong taps Chainlink for CBDC pilot project
Chainlink enables CBDC-stablecoin swap in HK pilot. LINK breaks $15 as volatility drops and momentum builds. Rising LINK derivatives signal strong bullish positioning. Chainlink (LINK) has captured fresh investor interest…
US Treasury secretary nominee sees “no reason” for CBDC
Scott Bessent believes a CBDC is only for countries that have no other investment alternatives He adds that many countries are only issuing CBDCs “out of necessity” Scott Bessent, President-elect…
Iran to open the Digital Rial CBDC pilot program to the public this month
The public roll out of the Digital Rial pilot program will start in Kish Island. The public rollout of the CBDC’s pilot program aims to test efficiency in transactions, enhancing…
Bank of Israel launches “Digital Shekel Challenge” to innovate CBDC payment systems
Bank of Israel has launched “Digital Shekel Challenge” to develop CBDC payment solutions. Participants of the challenge will access a prototype system to create innovative digital shekel uses. Bank of…
China’s former CBDC chief is under government investigation
China investigating Yao Qian, the former head of the Digital Yuan project. Local media reports say Yao is under probe for “violations of discipline and law.” Yao Qian, a leading…
Mastercard’s successful CBDC wrapping trial for NFTs
The trial involved wrapping CBDCs for use in purchasing NFTs on blockchains. Mastercard’s Multi Token Network played a pivotal role in the trial. There is a growing importance of CBDCs…
Pakistan signs in new laws to expedite the launch of CBDC
The State Bank of Pakistan (SBP) has approved new laws for Electronic Money Institutions (EMIs). KEY TAKEAWAYS The SBP plans to launch a CBDC within the next three years. The…