Digital currency

The Swedish Central Bank and the Bank of England carry out researches on whether they should start issuing Central Bank Digital Cash (CBDC) and compete with bank credit as a means of payment.

Today, Facebook is expected to present its cryptocurrency. It is reported that the virtual currency will be convertible into dollars and euros.

The $ 1 billion project named "Libra" has been developed for over a year and has the support of over 12 corporations.

Demand for bitcoin could single-handedly derail efforts to limit global warming because the increasingly popular digital currency takes huge amounts of energy to produce, scientists said on Monday, reported by Reuters. 

As the popularity of cryptocurrencies grows, so the legislation of the crypto industry develops too. Some states have their vision concerning digital currencies and are actively working on their implementation and adoption, while others are contra, fearing for security and considering crypto to be a threat.

The number of hedge funds focused on trading cryptocurrencies more than doubled in the four months to Feb. 15, despite sharp falls in the value of the virtual coins in recent weeks, data from fintech research house Autonomous NEXT showed on Feb. 15.

Arizona may become the first US state, residents are expected to soon be given the opportunity to pay their taxes in bitcoins and other cryptocurrency. The Daily Express announced that the bill was passed by the Senate last week. This bill received the support of 16 senators, 13 of whom voted against, and the document was adopted.

Hackers who stole around $530 million worth of cryptocurrency from the Coincheck exchange last week - one of the biggest such heists ever - are trying to move the stolen "XEM" coins, the foundation behind the digital currency said on Tuesday.

The digital currency market is extending its losses, with all the major cryptocurrencies on a broad sell-off. Bitcoin is headed for its worst monthly slide since December 2013.

Japan’s financial regulator said on Jan. 29 that it would inspect all crypto currency exchanges and ordered Coincheck to get its act together after hackers stole $530 million worth of digital money from its exchange in one of the biggest cyber heists on record.

South Korea will ban the use of anonymous bank accounts in cryptocurrency trading from Jan. 30, regulators said on Tuesday in a widely telegraphed move designed to stop virtual coins from being used for money laundering and other crimes, according to Reuters.