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Crypto bank Silvergate ranks as the second most-shorted stock on Wall Street

12.2.2023
Over 72% of Silvergate Capital Corp stocks were shorted as of Jan. 31, shows FINRA's latest data

Brazil’s oldest bank allows residents to pay their taxes using crypto

12.2.2023
The move will allow Brazilian taxpayers to easily settle their tax liabilities, meanwhile expanding "access" to the digital asset ecosystem

India’s Central Bank Reveals 50,000 Users and 5,000 Merchants Now Using Digital Rupee

12.2.2023
India’s central bank, the Reserve Bank of India (RBI), has revealed that 50,000 users and 5,000 merchants are now using its central bank digital currency (CBDC). Digital rupee transactions are currently processed by eight banks, with five more banks set to join the pilot soon, said RBI Deputy...

Bit2Me Debit Card Launch Gives Users up to 9% Cashback on All Purchases

11.2.2023
Bit2Me, the biggest Spanish exchange, and the first company to be recognized as a virtual service provider by the Bank of Spain has just launched a long-awaited debit card. The Bit2Me debit card works across the entire Mastercard network, enabling both crypto-stablecoin payments across more than...

Bank of New York Mellon: ‘Clients Are Absolutely Interested in Digital Assets’

11.2.2023
Bank of New York Mellon (BNY Mellon) has revealed that its clients “are absolutely interested in digital assets.” Emphasizing the need for clear crypto regulation, the bank’s head of digital assets noted: “We need responsible actors who can offer reliable services that live...

JPMorgan sees deposit token advantages over stablecoin for commercial bank blockchains

10.2.2023
Research from JP Morgan Chase explores the potential of deposit tokens as a stabilizing force in the digital money landscape

Crypto Won’t Destroy Tradfi, Says Ex-Hong Kong Central Bank Chief

10.2.2023
Source: Tomasz/Adobe The former head of the Hong Kong central bank says that crypto will not destroy traditional finance – and that volatility will hold back the progress of many cryptoassets.... Read More: Crypto Won’t Destroy Tradfi, Says Ex-Hong Kong Central Bank Chief

Central Bank of Brazil to Test Security and Transaction Privacy Levels of the Digital Real

10.2.2023
The Central Bank of Brazil will focus its first digital real tests on determining the levels of privacy and security that can be achieved with the proposed central bank digital currency (CBDC) infrastructure. The tests will be conducted later this year and will set up a simplified operation...

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...