Research

Research

WEF: Over 40 Central Banks Considering Digital Currencies

According to a new report from the World Economic Forum (WEF), a growing number of central banks around the world are poised to explore their own digital currencies.

"At least 40 central banks around the world are currently, or soon will be, researching and experimenting with central bank digital currency," WEF reported, citing recent research from the Bank for International Settlements.

Study: 69 Percent of Crypto Exchanges Don't Have Complete KYC Procedures

Source: CoinDesk

An international study of 216 crypto exchanges conducted by Coinfirm has found that 69 percent of those studied do not have "clear and transparent" know-your-customer procedures and only 26 percent had a "high" level of anti-money laundering procedures.

A Former CFTC Chairman’s Plan for Federal Crypto Regulation

Timothy Massad, the former chairman of the Commodity Futures Trading Commission (CFTC), has outlined a case for better (read: stricter) federal crypto asset regulation in a substantial report for the Brookings Institute, “It’s Time to Strengthen the Regulation of Crypto-Assets.”

Survey: 73 Percent of U.K. Consumers Don't Know What 'Cryptocurrency' Is

Source: FCA

According to a national survey of consumers in the United Kingdom held by the Financial Conduct Authority, 73 percent of those polled don't know what a cryptocurrency is or are unable to define the term. The survey also found that only 3 percent of those consumers had ever invested in crypto assets.

The survey, as well as accompanying qualitative research, also found that some crypto asset owners made their purchases without conducting any research first.

Ethereum's Hashrate Has Fallen More Than 50 Percent Since August

Source: Trustnodes

According to data from Etherscan.io, Ethereum's hashrate has fallen to its lowest level since 2017, down more than 50 percent since a peak last August. A dropping hashrate indicates that miners have been leaving the network, possibly because of eth's price drop from a high of $1,400 to about $120 today.