Analysis Crypto by Thebittimes.Com

SWIFT’s CBDC market developments reveal an intense competition between traditional financial infrastructure and, well, blockchain innovation that’s happening right now. SWIFT plans to launch its CBDC ( Central Bank Digital Currency ) platform within 12-24 months, while Ripple’s XRP Ledger (XRPL) already provides central banks with proven cryptocurrency technology for digital currency deployment, and also positioning itself ahead in the de-dollarization race at the time of writing. BREAKING: SWIFT CONFIRMS CRYPTO GOES LIVE 11/2025 SWIFT processes $150T+/yr. Settlement Place = DLT Wallet Cash Account = DLT Wallet Network Fees = Gas Oracles = Trusted Pricing UTI = Tokenized Tx Sequencing Implications for $XRP / $HBAR & Utility Networks pic.twitter.com/Fdbvg4tGWk — King Solomon (@IOV_OWL) May 12, 2025 Also Read: Morgan Stanley Endorses Ripple as Viable SWIFT Alternative for Banks How SWIFT & Ripple’s XRP Ledger (XRPL) Are Shaping the CBDC Market, Cryptocurrenc...

The notable US Senator for the state of Texas, Ted Cruz, has notably increased his Bitcoin holdings. Indeed, as the crypto has become an increasingly political discussion, Cruz has grabbed even more of the asset. But how much BTC does he actually hold now? Over the last year, Cruz has been an outspoken advocate of the leading cryptocurrency. He is certainly not alone. Former President Donald Trump has made the token one of the focuses of his campaign for reelection. Moreover, the issue has only grown in prevalence with the November presidential elections looming. Also Read: US Senator Ted Cruz Says He is Bullish On Bitcoin How Much BTC Does Ted Cruz Hold in 2024? This has proven to be the year of Bitcoin. With January kicking off with BTC getting the first crypto-based ETF in the country, all eyes were on the asset. Just three months after the product launched, the token reached an all-time high price of $73,000. That rise in prevalence has meant increased focus in the political sphere...

During the 2024 presidential race, the discussion on a U.S. CBDC becomes more intense. Candidates’ contrasting views mirror wider concerns about privacy and government control. As of Jan. 2024, the situation regarding central bank digital currencies (CBDCs) in the U.S. is characterized by caution and gradual progression, especially when compared to the advancements made by other countries.  Currently, 11 countries have fully implemented digital currencies, while China, India, and several other countries are in the pilot phase. Source: Atlantic Council In the U.S., the development of a retail CBDC (direct-to-consumer) has seen little progress. However, there is forward movement on a wholesale CBDC, which focuses on bank-to-bank transactions.  Amid this, the Federal Reserve is approaching the idea of a digital dollar with a degree of caution. Fed Chair Jerome Powell expressed interest in a digital dollar in 2022 but also recognized the need for careful consideration ...

Russian president has once again highlighted the importance of an international payment system independent of interference. Russia seems to be making big bets on its digital ruble as Vladimir Putin hopes the digitization would help the country evade U.S. sanctions. Meeting with finalists of the International Financial Security Olympiad, the Russian leader said that advanced solutions in the financial sector such as digital currencies, tokenized assets and payment methods on blockchain technology allow open new ways for a “truly unique financial settlement system.” While the Russian president did not elaborate on how exactly the Kremlin hopes to get away with sanctions using digital currencies, he referred to a “promising example” of a joint pilot where several central banks in Asian and Middle Eastern issued and exchanged CBDCs, without naming the case. “More precisely, no other country has a chance of misapplication or of interfering with payment t...

The central bank aims to incorporate more use cases and features to its national digital currency this year. advertisement RBI includes more banks and locations for CBDC pilot The Reserve bank said in its annual report that it introduced its CBDC in phases during the year, with the launch of pilots for Digital Rupee in the wholesale and retail segments on November 1, 2022 and December 1, 2022, respectively,” said RBI. “The pilots were preceded by issuance of a ‘Concept Note’ on CBDC to create awareness about CBDC s in general and the planned Features of the digital currency in particular,” the central bank added. Now, the pilot in CBDC -Retail is proposed to be expanded to more locations and to include more participating banks. The CBDC pilot project started with four banks including State Bank of India , ICICI Bank, Yes Bank, and IDFC First Bank. Later, four other banks were also included, namely Bank of Baroda, Union Bank of In...