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Nalezeno "Currency": 3978

Reserve Bank of India 'exploring the possibility' of a digital currency

25.1.2021
The bank still claimed that government bodies and regulators in India are both “skeptical” and “apprehensive” about crypto

Bank of Singapore Says Cryptocurrencies “Could Replace Gold as a Store of Value” but Unlikely to Displace Fiat Currencies

25.1.2021
A new research note released by the Bank of Singapore (BOS) suggests that cryptocurrencies are more likely to replace gold as a store of value. However, the note says it is unlikely that such digital currencies can replace fiat currencies even as their appeal grows. Inefficient Unit of Exchange...

Bitcoin as a last resort? Murmurs of crypto as reserve currency abound

22.1.2021
“What happens when the world and the U.S. dollar is in a continual state of quantitative easing?” Can BTC find a new and unexpected role for itself?

Crypto Economy Shaves $100 Billion, Digital Asset Markets Recover Some Losses

22.1.2021
Digital currency markets have dropped in value during the last two days as more than $100 billion was shaved off the entire crypto market valuation. Bitcoin slid to the lowest point of the year at $28,800 per unit on Thursday afternoon, and a number of other crypto-assets saw significant losses...

The ‘central bank of central banks’ is building a CBDC settlement platform

22.1.2021
The Bank of International Settlements has outlined plans to embark on a variety of CBDC trials worldwide this year

Biden Administration Reported to Be Lining up a Former Ripple Advisor as the Next Bank Regulator

22.1.2021
Micheal Barr, the former member of Ripple’s board of advisors, is set to become the United States’ next banking regulator, according to a report. A former assistant treasury secretary, Barr will become the second individual with crypto connections to lead the Office of Currency...

Silvergate Took Nearly $3B in Deposits From Digital Currency Customers in Q4 2020

21.1.2021
The majority of the new deposits came from cryptocurrency exchange clients

Former US Treasury Secretary Larry Summers Says Bitcoin ‘Is Here to Stay’

21.1.2021
Former U.S. Treasury Secretary and economist Larry Summers says bitcoin is here to stay despite the concerns by some that it may be a bubble. The former secretary asserts that bitcoin’s price fluctuations are in fact a sign of its resilience. In his latest comments about bitcoin, Summers,...

Former Ripple advisor set to become Comptroller of the Currency: WSJ

21.1.2021
President Joe Biden looks set to appoint another former crypto executive to head up the Office of the Comptroller of the Currency

Multibillion Dollar Fund Manager Ruffer Sees Long Trend of Institutional Bitcoin Adoption

21.1.2021
British investment management firm Ruffer has revealed that its bitcoin holdings now account for about 3% of its entire portfolio of approximately $29 billion. The firm believes that we are “at the foothills of a long trend of institutional adoption and financialization of bitcoin.”...

Grayscale CEO outlines 6 themes that will shape crypto market in 2021

20.1.2021
Widespread institutional adoption, favorable regulation, and the growth of North American crypto mining are just some of the themes Michael Sonnenshein believes will materialize in 2021

Former Canadian Prime Minister Mentions Bitcoin Alongside Gold as Alternative Reserve Currencies

20.1.2021
Former Canadian prime minister Stephen Harper has mentioned bitcoin alongside gold as assets that can possibly act as alternative reserve currencies. However, the former premier still argues that despite the growing questions about the dollar’s reserve status, he does not see any real...

Bitcoin Energy Consumption Is Far More Efficient and Greener Than Today’s Banking System

20.1.2021
While bitcoin and a variety of digital currencies have swelled in value, a number of critics have spread fear, uncertainty, and doubt (FUD) in regard to the energy consumption proof-of-work (PoW) cryptocurrencies leverage to produce new units of currency. Just recently the software engineer Stephen...

French Central Bank Trials Digital Currency for Interbank Settlement

19.1.2021
The pilot involved the settlement on a private blockchain of around €2 million

Bank of France settles $2.4M fund in central bank digital currency pilot

19.1.2021
The Bank of France processed $2.4 million worth of fund units using a CBDC in December as part of ongoing experiments into blockchain and stablecoin technology

EU Seeks to Curb Reliance on US Dollar After American Sanctions Exposed Financial Infrastructure Vulnerabilities

19.1.2021
The European Union (EU) is reportedly planning to reduce its reliance on the U.S. dollar-based financial system, after American sanctions on Iran exposed the vulnerabilities of the bloc’s financial infrastructure. According to officials, who are now determined to challenge the dollar’s...