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India Reclaims 102 Tonnes of Gold From Bank of England as Global Risks Rise
1.11.2024
The Reserve Bank of India has repatriated 102 tonnes of gold from the UK, bolstering domestic reserves as global instability fuels demand for secure assets. 102 Tonnes of Gold Returned: RBI Shifts Assets From Bank of England India’s central bank, the Reserve Bank of India (RBI), has returned...
Brazilian Central Bank Considers Taxing Stablecoin Remittances
31.10.2024
The stablecoin boom in Brazil has caught the attention of the central bank, which is currently exploring several ways to tax stablecoin remittances, including issuing a special license for crypto exchanges that provide these services. Central Bank of Brazil Explores Tax on Stablecoin-Based...
Why is Bitcoin price up today?
29.10.2024
Bitcoin open interest reached a new all-time high, and the US BTC ETF holdings soared to $66 billion as BTC rallied to $72,000.
Canadians wary of adopting digital dollar, Bank of Canada finds
29.10.2024
The Bank of Canada’s research revealed mixed views on the digital Canadian dollar and highlighted Canadians’ enduring trust in cash and card payments
2,430% Surge: Why Central Bank Digital Currencies Are Set to Explode
29.10.2024
The explosive growth of central bank digital currencies, expected to surge 2,430% by 2031, could revolutionize global payments, slashing cross-border transaction costs by billions. The Global Payment Shake-Up: CBDCs Poised to Transform Transactions Juniper Research, a market research and consulting...
HKMA Project Ensemble partners with Brazil, Thailand for tokenization
28.10.2024
The Hong Kong Monetary Authority launch Project Ensemble in March and now has at least three countries participating.
FV Bank integrates with Visa for crypto debit, corporate cards
28.10.2024
The cards integrate balances in fiat money, stablecoins and cryptocurrencies held in custody accounts
Bolivia continues crypto momentum as bank launches USDT custody
28.10.2024
Bolivian bank Banco Bisa has introduced a stablecoin custody service, allowing clients to buy, sell and transfer USDT
Bolivia continues crypto momentum as bank launches USDT custody
28.10.2024
Bolivian bank Banco Bisa has introduced a stablecoin custody service, allowing clients to buy, sell and transfer USDT
Bolivia Ramps up Stablecoin Adoption as Bank Debuts USDT Services
28.10.2024
Stablecoin demand and adoption are poised to increase in Bolivia, as a bank has presented a USDT service suite for the first time. Bisa Bank, a private institution, now allows customers to purchase, sell, and keep USDT funds in the bank, leveraging it for remittances and international payments....
Will Banks Survive? Bank of England Prepares to Launch CBDC if Innovation Stalls
28.10.2024
The Bank of England cautions it could deploy a digital currency if commercial banks falter, signaling a potential upheaval in the future of money. Digital Payments Showdown: BOE Set to Roll Out CBDC if Banks Slip Behind Bank of England (BOE) Governor Andrew Bailey shared his outlook on...
Ripple CEO Loses Bank Account After 25 Years, Given 5 Days to Withdraw Funds
28.10.2024
Ripple’s CEO has revealed that his 25-year-old bank account was closed due to his role leading a crypto company, underscoring rising regulatory pressures and uncertain U.S. policies. Ripple CEO Brad Garlinghouse’s Bank Account Closed by Major Institution After 25 Years Ripple CEO Brad...
Economist Explains Bitcoin’s Untapped Potential for Central Bank Reserves
28.10.2024
An economist has argued that bitcoin is a reserve asset similar to gold, noting that some central banks might consider adding it to their reserves. Economist Makes Bold Case: Bitcoin Could Protect Central Banks Like Gold The Bitcoin Policy Institute (BPI), a non-profit think tank, published a paper...
Central Bank of Brazil Highlights Tokenization Potential Before IMF and World Bank
26.10.2024
The Central Bank of Brazil propped up tokenization and “open finance” as key elements of the future’s financial system. In a panel presentation before the IMF and the World Bank, the bank’s president stated that the intersection between these had been underestimated. Central...
The ECB is wrong about Bitcoin: It’s central banks that are unfair
25.10.2024
The central bankers are the ones printing money and making everyone poorer via inflation. Bitcoin is the solution, not the problem
Russian Banks Baulk at Digital Ruble Implementation Costs
25.10.2024
Russian banks, particularly smaller ones, are unhappy about the high cost (between $1.25 million and $2 million) of integrating with the central bank’s digital ruble platform. This cost is seen as prohibitive for many banks, exceeding their IT budgets. The central bank has mandated different...
World Bank: Nigeria Loses $8B on Foreign Exchange Subsidies Over 3 Years
25.10.2024
The World Bank reports that Nigeria lost over $8 billion due to the Central Bank of Nigeria’s (CBN) refusal to float the naira between 2021 and 2023. This foreign exchange subsidy, along with the fuel subsidy, deprived the government of revenue. The World Bank acknowledges the suffering...
Too early to say Ethereum L2s are ‘cannibalistic’ of revenue: Sygnum Bank
25.10.2024
Ethereum daily fees hover between $1 million and $5 million — far less than the $30 million consistently reached throughout 2021 and 2022
Too early to say Ethereum L2s are ‘cannibalistic’ to revenue: Sygnum Bank
25.10.2024
Ethereum daily fees hover between $1 million to $5 million — far less than the $30 million that was consistently reached throughout 2021 and 2022
Bank of America Declares Gold the ‘Last Safe Haven’ Asset, Forecasts $3,000 Price
25.10.2024
Bank of America sees gold as the last and ultimate safe-haven asset amid rising U.S. debt, urging traders and central banks to increase their holdings. With concerns over fiscal instability and mounting interest payments, the bank forecasts gold could hit $3,000 per ounce by 2025, reinforcing...