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Gold Investors Are Terrified Central Banks Might Dump Bullion During the Economic Crisis
3.4.2020
Despite what gold bug Peter Schiff says, economists are uncertain that gold will shine during the current coronavirus crisis. While gold and other precious metals have seen decent gains in the last few weeks, a few investors are terrified that central banks will use their flight-to-safety assets...
R3 Teams With Custodian Hex Trust to Help Asian Banks Sell Security Tokens
3.4.2020
Hong Kong-based Hex Trust is partnering with the enterprise blockchain company to offer banking clients another option for issuing security tokens
UnionBank Head Foresees the End of Physical Cash
3.4.2020
UnionBank head believes COVID19 will push banks towards experimentation with digital currencies
Brazilian Regulators Create DLT Platform for Screening Politicians
3.4.2020
Brazilian regulators are teaming up to use blockchain technology to streamline vetting processes for public officials and corporations
Financial Bazookas Revealed – Market Strategists Believe the Fed Will Purchase Stocks Soon
1.4.2020
Bitcoin and cryptocurrencies may be the only free-market assets left not manipulated by central banks like the U.S. Federal Reserve. Since the covid-19 outbreak, the Fed has unleashed a massive arsenal of monetary weapons to combat the effects on the economy. After the significant rate cuts...
Bank of France Launches Experiment Program on Central Bank Digital Currency
30.3.2020
France’s central bank officially announces a CBDC application program, inviting participants to submit their applications by May 2020
Egypt Limits Bank and ATM Withdrawals Citing Rampant Cash Outflow and Coronavirus Fears
30.3.2020
On Sunday, the Central Bank of Egypt (CBE) announced it had instructed financial institutions in the country to put withdrawal limits in place for cash. Regional reports disclose that Egyptian residents can only withdraw 10,000 Egyptian pounds ($640) and businesses can only withdraw 50,000 pounds...
How Central Banks Could Use Digital Cash to Deliver Universal Basic Income
30.3.2020
Central banks are well placed to deliver regular, no-questions-asked monthly payments to everyone, and to manage any ensuing inflation
Santander to Extend Ripple-Powered Payments Solution to Mexico This Year
30.3.2020
Santander Mexico will support the banking group’s Ripple-powered international payments system One Pay FX in 2020
‘Bull Run May Not Come Immediately After Bitcoin Halving,’ Says Bitmain’s Jihan Wu
28.3.2020
Bitmain cofounder Jihan Wu’s recent interview discusses some of his predictions concerning the future of bitcoin, mining, the bitcoin halving, and the cryptoconomy. Despite the coronavirus outbreak and its effect on the global economy, Wu is optimistic and he believes the modern central...
While Some Hoard Dollar Bills, Others Envision Germy Cash’s Quick Demise
28.3.2020
Is a cash-based society sustainable in a pandemic? Hoarders say yes. Health experts say maybe. Visionaries say no: It’s a moment for systemic change
Major South Korean Bank Prepares to Launch Crypto Services as Government Green-Lights Regulation
28.3.2020
Following the approval of a regulatory framework for cryptocurrencies by the South Korean government, one of the largest banks in the country is preparing to launch a range of crypto services. KB Kookmin Bank has applied for trademark registration, reportedly listing over 20 crypto services on...
South Korea's Largest Bank Launch a Crypto Custodial Service
27.3.2020
KB Kookmin Bank is expected to launch a cryptocurrency custody service in H1 2020
After Coronavirus ‘War,’ Bretton Woods-Style Shakeup Could Dethrone the Dollar
27.3.2020
Seismic shifts might be in the offing for the global monetary system — a phenomenon that historically has occurred in the wake of world wars
China and UK’s Planned Digital Currencies Appear to Have Little in Common
27.3.2020
Recent analysis shows that not all central bank digital currencies will be similar in their function or purpose
Indian Tech Giant Mahindra Speeds Up Cross Border Transactions with Blockchain
27.3.2020
Tech Mahindra and DBS Bank have sped up international financial transactions using R3’s blockchain-based Marco Polo platform
Printing Money from Thin Air – How the Fed Reduces Purchasing Power and Makes You Poorer
26.3.2020
Unless you have your head in the sand, you’ve probably realized that governments and central banks can print money out of thin air and in unlimited amounts. The United States and the Federal Reserve have been creating money from nothing for years because they had exhausted all their monetary...
World’s Largest Banks Losing Stock Value During Weeks Marked by Pandemic
25.3.2020
The spreading coronavirus infection is taking a toll on the global economy and traditional financial institutions are already hurting. The world’s largest banks have seen their stocks losing value over the past weeks and months while facing cash withdrawal pressure and preparing to deal with...
Cryptocurrency Regulations Advance Despite Global Crisis, Cash Shortages, Bank Closures
25.3.2020
In this roundup, we cover crypto regulatory developments amid the global crisis effected by the coronavirus outbreak, bank closures, interest rate cuts, and plunging stock markets. Through it all, governments worldwide are still focusing on cryptocurrency regulation, including the U.S., South...
#NotDying4WallStreet – Twitter Trends Show People Are Fed Up With Wall Street, Banks and Oligarchs
24.3.2020
As the coronavirus outbreak causes havoc to the world economy, the U.S. is trying to prepare for the onslaught of new cases. U.S. politicians crafted shelter-in-place orders in various states and shut down a decent fraction of American industries. Now politicians are penning an enormous bailout...