Search
Gold Coins Help Zimbabwe Achieve ‘Price and Exchange Rate Stability’ — Central Bank
10.2.2023
The Reserve Bank of Zimbabwe recently revealed that some 25,188 of its value-preserving gold coins were sold between July 2022 and Jan. 13. According to the central bank governor, John Mangudya, the gold coins “have proved to be an effective open market instrument for mopping up excess...
Analyst Warns of Banks’ Authority to Confiscate Funds, Decline of US Dollar Purchasing Power
9.2.2023
According to Lynette Zang, chief market analyst at ITM Trading, U.S. banks have the legal authority to confiscate people’s funds due to legislation passed by Congress. In a recent interview, Zang discussed how the purchasing power of the U.S. dollar has dwindled to “roughly three...
Bank of America: Innovation to Expand Decentralized Finance Functionality Over Time
9.2.2023
Developer activity and adoption is the key to success, the report said
Bogus Crypto Bank Chief Jailed for 10 Years After Duping Investors out of $181m
9.2.2023
The CEO of a bogus South Korean crypto bank has been handed a 10-year jail term – after cheating investors out of a total of $181 million.
The news outlets Chosun and Newsis reported that the CEO (surnamed Ko) led a firm named QRC Bank. Ko was convicted of fraud and other charges. Two other...
5,000 Merchants in India Now Accept Payments in Digital Rupee: Deputy Governor
9.2.2023
5,000 merchants and 50,000 users are now participating in India’s CBDC pilot project, the RBI’s deputy governor has said, noting that the central bank intends to proceed with the project slowly to avoid unwanted fallouts.
Rabi Sankar, Deputy Governor at Reserve Bank of India (RBI), announced...
Nigerian President Barred From Extending Old Naira Banknote Demonetization Deadline
9.2.2023
With just a few days left before the old naira banknotes are demonetized on Feb. 10 as scheduled, a court in Nigeria has blocked the country’s president, Muhammadu Buhari, and the central bank governor, Godwin Emefiele, from further extending the deadline. Opponents of the central...
US banking giant BNY Mellon says digital assets are 'here to stay'
9.2.2023
Despite most of the cryptocurrency market being down 60% from all time highs, Demissie said the digital asset industry is “here to stay.”
Deutsche Bank's DWS eyes 2 German crypto firms for investment: Report
8.2.2023
Companies negotiating with DWS Group include Deutsche Digital Assets, a crypto exchange-traded products provider, and market maker Tradias
Deutsche Bank in Talks to Invest in 2 German Crypto Firms: Bloomberg
8.2.2023
The banking giant’s asset management arm, DWS Group, is looking to expand further into the digital assets space
Aspiring Crypto Bank’s Plight Shows Binance’s Issues Are Just Part of the Story
8.2.2023
Custodia Bank’s membership rejection by the Federal Reserve Board is more alarming for crypto banking than the recent troubles of Binance, Juno and Signature Bank combined
India in ‘no hurry’ for CBDC as digital rupee pilot onboards 50k users
8.2.2023
The central bank of India wants to proceed with CBDC testing in the smoothest way possible, deputy governor Rabi Sankar said
Russia’s Gazprombank recommends slow CBDC rollout fearing loss of income
8.2.2023
Gazprombank, a subsidiary of a state-owned energy corporation, which participates in Russia’s CBDC initiative, fears losing a part of its income as the digital ruble replaces traditional fiat currency
Nouriel ‘Dr. Doom’ Roubini Warns About Demise of US Dollar
8.2.2023
Nouriel Roubini, an economist known as “Dr. Doom,” has warned about the demise of the U.S. dollar and the rise of a “bipolar” world. Roubini believes that the Chinese renminbi might be a substitute for the dollar, as new technologies like central bank digital currencies...
BIS to launch stablecoin monitoring project and up focus on CBDC experiments
8.2.2023
The bank for central banks is expanding its CBDC research while developing a platform to monitor stablecoin balance sheets
Bank of England thinks digital pound can co-exist with private stablecoins
8.2.2023
The central bank wants an e-GBP to be retail-focused and could form part of a "mixed payments economy" alongside cryptocurrency stablecoins
Bank of America Is Preparing for Possible US Debt Default, Says CEO Brian Moynihan
8.2.2023
Bank of America is preparing for a possible U.S. debt default, says CEO Brian Moynihan. He is not a fan of eliminating the debt ceiling altogether as some lawmakers have proposed. Meanwhile, Treasury Secretary Janet Yellen says “every responsible member of Congress must agree to raise...
Don't Call It 'Britcoin': Digital Pound Nothing Like Crypto, Bank of England Official Says
7.2.2023
Digital Pound Holdings Could Be Limited to £10,000, Central Bank Says
7.2.2023
The Bank of England has set out technical features of its central bank digital currency, which officials have said is likely to be needed
Binance.com temporarily restricts US bank transfers from February 8
7.2.2023
Binance.com recently announced a temporary suspension on all USD bank transfers. The development is expected to impact only a small portion of users. The news was shared on the official Twitter channel of Binance. As per the tweets, every other method of trading crypto will remain active. Given...
Signature Bank Sued for 'Substantially Facilitating' FTX Comingling
7.2.2023
Signature "knew of and permitted the commingling of FTX customer funds within its proprietary, blockchain-based payments network, Signet," according to a court filing