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New York Fed and 9 Major Banks to Test ‘Interoperable Network of Central Bank Wholesale Digital Money’
19.11.2022
Nine major financial institutions and the Federal Reserve Bank of New York have started to experiment with a digital dollar proof of concept to see if distributed ledger technology can improve settlement between central banks, commercial banks, and regulated non-banks. The New York Fed details that...
Shares of Crypto Bank Silvergate Continue to Fall Despite CEO’s Remarks
18.11.2022
Traders seem to be anticipating Silvergate could be significantly affected by the collapse of FTX
Bank of America Downgrades Crypto Exchange Coinbase to Neutral in FTX Aftermath
18.11.2022
Bank of America has had a buy rating on Coinbase throughout its long decline this year, but threw in the towel on Friday with a downgrade to neutral
Bitstamp gets a crypto license from the Bank of Spain
18.11.2022
The EU-based exchange became the 46th crypto business to obtain a permit to offer virtual currency exchange services for fiat currency in the country
Bank of America Says Crypto Exchanges' Proof of Reserves Have Too Many Shortcomings
18.11.2022
The cryptocurrency industry also needs a clear delineation between trading platforms and market makers, the bank said
Fed paper looks at theoretical role of remuneration, convenience in CBDC design
17.11.2022
The discussion paper reviews the literature on the impact of CBDCs in large, developed economies and draws some conclusions and specific design elements
Crypto Bank Silvergate Bucks Market Rally as FTX Exposure Is Questioned
15.11.2022
Silvergate shares were down about 7% while other crypto-linked stocks rallied Tuesday
Bitcoin buyers drawn by rising prices, not dislike for banks: BIS report
15.11.2022
The Bank for International Settlements (BIS) studied the main motives behind Bitcoin adoption by retail investors
Bank of Russia Sets Out to Regulate Digital Asset Taxation, Exchange, Still Opposed to Crypto
13.11.2022
The Central Bank of Russia supports the development of digital financial assets but remains opposed to legalizing crypto payments, its top management has reiterated. The monetary authority is now working on a set of regulatory proposals that will be submitted to parliament by the end of the year....
Plaid suspends FTX.US access to user data after 'concerning' reports
13.11.2022
United-States-based Twitter users had been reporting suspicious data access requests from FTX.US to their bank accounts
Russia’s Digital Ruble Integrated Into Banking App
12.11.2022
VTB has become the first Russian bank to add the digital ruble to its mobile application. The integration is currently being tested with accounts set up for legal entities. Select customers will be granted access in the coming months and will be able to join the trials. VTB’s Mobile App to Support...
Crypto Bank Silvergate Capital Surges on Lack of FTX Exposure
11.11.2022
The lender said it has no outstanding loans nor investments in the bankrupt crypto exchange
Zimbabwean Central Bank Launches CBDC Consumer Survey
11.11.2022
The Zimbabwean central bank has said it is “conducting a CBDC [central bank digital currency] Consumer Survey to solicit opinions on the design and nature of the CBDC and its overall acceptance by the public.” The bank said the information obtained via this process will...
Blockfi Pauses Customers Withdrawals, Cites ‘Lack of Clarity’ on FTX’s Status as Cause
11.11.2022
Blockfi, a cryptocurrency lending platform, has announced that it is limiting the operations of its platform and pausing customer withdrawals. The company issued a letter where it states that this decision was caused by the “lack of clarity” on the current state of FTX, which...
JPMorgan Expects Crypto Market to Face Weeks of Deleveraging – Warns Bitcoin Price Could Drop to $13K
11.11.2022
Global investment bank JPMorgan has warned of the crypto market facing weeks of deleveraging stemming from the crisis at Sam Bankman-Fried’s crypto exchange FTX.com and trading platform Alameda Research. The firm’s analysts also predicted that the price of bitcoin could fall...
The Clearing House stands up for bank rights, opposes CBDC in comments for US Treasury
10.11.2022
The payments operator responded to a Treasury inquiry related to the presidential executive order with an appeal to keep bank interests in sight when designing digital assets
Jefferies CEO Expressed Doubts About Sam Bankman-Fried in July
10.11.2022
Rich Handler made multiple attempts to meet with the FTX CEO, who he feared would go from rescuer to rescuee
Nigerian Currency Gains Versus US Dollar Days After Tapping All-Time Low
10.11.2022
Just a few days after plummeting to its worst exchange rate against the U.S. dollar ever, the Nigerian currency was trading at around 820 units for every dollar on Nov. 8, a report has said. An economist has suggested that the Central Bank of Nigeria’s controversial currency plan is unlikely...
Russian Central Bank Still Saying No to Use of Crypto in Settlements
10.11.2022
Russia’s Central Bank has thrown another spanner into the crypto adoption plans of the nation’s pro-business Ministry of Finance – by saying it still opposes the use of coins in settlements and “accounting” scenarios....
Read More: Russian Central Bank Still Saying No to Use of Crypto in Settlements
Queen Maxima of Netherlands Sees Multiple Benefits of Digital Euro
10.11.2022
Queen Maxima of the Netherlands has outlined multiple benefits central bank digital currencies (CBDCs) could bring, particularly in the area of financial inclusion. “Governments could use a digital euro to channel financial support to low-income households. This would deepen longer-term...