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Panetta says that Europeans see the ability to pay anywhere as the most important feature of a potential digital euro.He says that to ensure this, a digital euro could be given legal tender status in the same way that bank notes are. "If introduced, the digital euro would be a public good, and Europeans would expect to be able to access and use it easily, anywhere in the euro area.

The UK central bank wants to create a team of up to 30 people to oversee the project, according to a report by the Times. “A team of 30 seems like quite a significant resource to focus on the digital pound,” Ian Taylor, an adviser to the trade association CryptoUK, told the Times. “It shows the impact it would have, and that the bank are serious about it.” The Bank in late March posted openings for a digital pound solution architect "to explore the technology design and architecture options for a potential retail CBDC", and a digital pound security architect, whose role will be "to explore and develop secure technology design and architecture options for a potential retail CBDC". The job ads state: "HM Treasury and the Bank of England have recently issued a Consultation Paper setting out an assessment of the motivations and design choices for a potential digital pound, alongside a Technology Working Paper which outlines our emerging thinking on CBDC technology. These papers signal that our work will now move onto a design phase, which will look at the technology and policy requirements for a digital pound." In February, Bank of England deputy governor Jon Cunlifffe told a committee of MPs that a digital pound has a better than 50/50 chance of coming to fruition. “These are big projects… this would be a very serious thing that would have to be resilient, fraud-proof, secure," Cunliffe said. “If we just wait until we say OK now we think it's needed, we will be five years behind.”

Bitcoin (BTC) could rally past $50,000 over the next year as the effect of the next halving kicks in, according to a Bloomberg Intelligence report.

In the past week, market volatility implied that most tokens failed to achieve the double-digit price increases that we've seen in the previous weeks. $30,000 appears to be the next resistance level for Bitcoin, but investors are generally optimistic about the prospects of the market over the next few months. There are a few tokens, in particular, that are looking like they will have a strong week ahead.

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The legal team of the Terraform Labs Co-founder and CEO Do Kwon has hit out at the United States Securities and Exchange Commission (SEC) – claiming Terra coins are not securities.

The social media landscape is experiencing a significant shift as decentralized alternatives to Twitter, such as Bluesky and Nostr, are gaining quick traction.

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The central bank of South Korea has been given the green light to ramp up its scrutiny of cryptocurrency service operators and issuers amid further discussions on virtual asset legislation in the country.

Galaxy Digital wants to launch a crypto-focused exchange-traded product in London, but the UK’s lack of digital assets regulation has so far held it back.

The hugely popular non-fungible token (NFT) maker of Bored Ape, Yuga Labs, has recently won its case against copycat Ryder Ripps. 

Early Bitcoin adopters have recorded phenomenal gains from the top crypto asset. Since its debut in 2009, Bitcoin has seen a 9 million percent increase from its low price of $0.10, following its ascent to $69,000 in 2021. 

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Nirmala Sitharaman said a global template may have to be created for cryptocurrencies.

Following an industry-wide decline, popular Dogecoin killer Shiba Inu is enduring a rough week with a 3.3% price slump in the last 24 hours.

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The metaverse represents a digital realm meticulously designed to fuse our physical existence with the virtual world, fostering a vibrant community where individuals can engage, collaborate, transact, and unwind.

Russian lawmakers could finally end the country’s long wait for crypto regulation – with two bills reportedly ready for adoption as early as June.

Another crypto player, Bittrex, recently quit the US over regulatory concerns.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.