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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...

World’s Worst Performing Currency, the Cedi, Reverses Gains — Economist Steve Hanke Says Ghana Inflation Now Over 140%

10.11.2022
Just days after registering marginal gains against the U.S. dollar, the Ghanaian currency — the cedi — slipped to C14:$1 versus the U.S. dollar on the foreign exchange parallel market on Nov. 7. The cedi’s reversal is said to have dented the currency’s recovery prospects. On the other...

Brussels to Put Out Digital Euro Law Shortly, ECB’s Lagarde Says

10.11.2022
The European Commission is going to present a legislative proposal for a digital euro in the near future, President of European Central Bank Christine Lagarde has indicated. EU legislators are expected to define the new currency’s legal tender status and determine its privacy features....

Crypto Bank Silvergate’s Stock Defended By Analysts Amidst FTX Concerns

9.11.2022
Silvergate shares have fallen this week on broader crypto market worries, including the fact that FTX is a customer of theirs

Cryptocurrencies Affect Central Bank Tasks, Dutch Monetary Authority Says, Urges Global Regulation

9.11.2022
Convinced that cryptocurrencies are affecting the tasks performed by monetary authorities around the world, the Dutch central bank has urged for comprehensive international regulations. The call comes after research into the development of crypto assets and policy responses. ‘Proper Regulation...

Bank of Russia Suggests Tax Cuts for Long-Term Digital Asset Holders

9.11.2022
The Central Bank of Russia is proposing to introduce tax incentives for long-term holders of digital financial assets. The idea has been circulated with a consultation paper published for public discussions on the development of the digital asset market in the Russian Federation. Bank of Russia...

Largest Japanese Bank MUFG Projects to Offer Financial Services in Metaverse by 2023

9.11.2022
MUFG, the biggest bank in Japan, is projecting to offer financial services through the metaverse in 2023. The financial giant has partnered with ANA Holdings, a holdings consortium focused on air transportation companies, to be part of ANA’s Granwhale metaverse, and explore the possibility...

Bank of Russia Suggests NFT, Smart Contract Regulation

8.11.2022

FTX Token, BNB and Solana soar after Binance CEO inks potential deal to acquire FTX

8.11.2022
Solana and FTX token saw a sharp rebound after headlines announced that Binance would acquire FTX due to liquidity issues, but will the upside last?

New Report: Russian Central Bank Looks to Integrate ‘Digital Assets’ Into its Financial System

8.11.2022
The Central Bank of Russia (CBR) has released a report that focuses on digital assets and how the new technology could be integrated into its traditional financial system. On Monday, Russia’s central bank shared a 32-pages-long public consultation report titled 'Digital Assets in Russian...

Bitcoin price hits 2-week lows as FTX ‘bank run’ drains BTC reserves

8.11.2022
Analytics tools can barely keep up as mass withdrawals appear to imply liquidity is evaporating

Soros-Backed Argentine Neobank Uala Launches Cryptocurrency Trading Services

8.11.2022
Uala, an Argentine neobank backed by George Soros, has launched cryptocurrency trading services for its users in Argentina. Customers of the company with the highest loyalty levels are now able to trade, purchase, and sell bitcoin and ether through Uala’s platform. The service is expected...