Tether Ltd.’s Bahamas-based bank, Deltec, said on Friday that the company’s stablecoin is fully backed by reserves, downplaying resurgent fears about the cryptocurrency’s integrity. “Every tether is backed by a reserve and their reserve is more than what is...
The Central Bank of the Bahamas has officially launched its national digital currency. The first of its kind in the world to have been fully deployed, the sand dollar is a digital version of the Bahamian dollar. Issued by...
The Bahamas confirmed it will cross the central bank digital currency (CBDC) finish line next month. “The intended outcome of Project Sand Dollar is that all residents in The Bahamas would have use of a central bank digital currency,...
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The Bahamas’ digital currency pilot project goes live in Exuma on Friday. Residents of the island Exuma can enroll in the Central Bank of The Bahamas’ “Project Sand Dollar,” beginning December 27, 2019. They will receive mobile wallets that...
Hurricanes have been causing extensive damage to the islands of the Bahamas for millennia. The Central Bank of the Bahamas plans to pilot the first cryptocurrency in the form of Sand Dollars. Project Sand Dollars offers numerous benefits that...
The Hurricane Dorian relief effort has teamed up with an unlikely ally in the Bahamas: Bitcoin, along with a helping hand from Coinbase. | Source: Wikimedia Commons (i), AP Photo / Gillian Flaccus (ii). Image Edited by CCN. The...
Sometimes, spreading the crypto gospel becomes a family business. Natalia Ameline, mother of ethereum creator Vitalik Buterin and co-founder of the educational nonprofit CryptoChicks, is trying to establish blockchain literacy programs around the world. She told CoinDesk that CryptoChicks...
The Bahamas’ securities regulator is pushing for a new framework for token projects, aiming to turn the island nation into the jurisdiction of choice for blockchain startups. The Securities Commission of the Bahamas has filed a draft of the...