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That Noise You’re Hearing? Central Banks Struggling to Evolve
11.3.2020
Noelle Acheson looks at the evolving role of central banks in the context of the current crisis, and what that could mean for crypto
Bitcoin Steadies as Bank of England Suddenly Cuts Rates to 11-Year Low
11.3.2020
The UK’s central bank has stunned markets with a rate cut to just 0.25% — the most since the tail end of the 2008 financial crisis
Eastern Caribbean Stock Exchange to Trial Tokenized Security Offerings
10.3.2020
The digital asset trading platform will support BTC and ETH trading, and will be accessible to international investors
China Injects $4.7M into Central Bank’s Blockchain Trade Finance Platform
9.3.2020
Thirty-eight banks have started using the platform since it entered the test phase in September 2018
China’s Central Bank to Inject $4.7M into Blockchain Trade Platform
9.3.2020
China’s blockchain trade platform has facilitated $12.4 billion in transactions between 38 banks and 1,900 firms since 2018
Rumors of Bitcoin’s Death Are Greatly Exaggerated
9.3.2020
According to the Bitcoin Obituary Page, Bitcoin died 379 times between 2010-2019 of an astonishing array of causes. The number is undoubtedly understated since it is based on a limited sample of obituaries. Despite the glee with which the corpses of Bitcoin are contemplated, however, cryptocurrency...
Central Bank Officials: DLT Can Improve the Global Financial System
8.3.2020
An IMF official is concerned that central banks may be rushing to develop blockchain systems without properly vetting the technology first
Countries That First Outlawed Crypto but Then Embraced It
8.3.2020
These countries have made a dramatic turnaround in their views on crypto
Central Banks Are Exploring Blockchain — but For Their Own Reasons
8.3.2020
Central banks’ growing interest in DLT reveals concerns in the traditional financial sector as the gap between the two narrows
India’s Central Bank Plans to Fight Supreme Court Crypto Ruling
6.3.2020
The Reserve Bank of India reportedly plans to return to the supreme court to ask for a review of a ruling that overturned its ban on banking access for crypto firms
Coronavirus Rate Cuts: Australia’s Central Bank Did It First
4.3.2020
The Reserve Bank of Australia announced it would be cutting the cash rate by 25 basis points to 0.50 percent, its lowest on record according to recent figures
Coronavirus Prompts Fed to Slash Interest Rate – Stocks Slide, Gold Spikes, Bitcoin Uncertainty
4.3.2020
The U.S. Federal Reserve slashed interest rates by 50 bps on Tuesday citing concerns about the coronavirus outbreak against the bleak economy. The last time the central bank slashed rates by leveraging an “emergency rate shift” by half a percentage point was after Lehman Brothers filed...
Indian Supreme Court Rules in Favor of Cryptocurrency — RBI Ban Lifted
4.3.2020
A historic day for the Indian crypto community, the supreme court has finally ruled on the case against the banking ban by the central bank, the Reserve Bank of India (RBI). The court held that the RBI circular which places a banking ban on the crypto industry is unconstitutional. Also read:...
BIS: No Central Bank Digital Currencies Focus on Cross-Border Payment
2.3.2020
None of the 17 ongoing central bank digital currency projects is focused on cross-border payments, the Bank for International Settlements says
Bank of England Warns Crypto Adoption May Impact Credit Creation
2.3.2020
The Bank of England official urges regulators to prepare before stablecoins become “systemically important”
BIS Paper Reckons With P2P Payments, Tokenized Securities, Central Bank Digital Currencies
1.3.2020
Researchers at the Bank for International Settlements say the future of payments may be peer-to-peer, but a number of considerations must be satisfied before distributed ledger-based systems can go mainstream
A Sea Change to Crypto Hits America, Again
1.3.2020
A sea change is coming to cryptocurrency in America. It is likely to hit in two separate waves: a central bank digital currency (CBDC) and draconian regulation that shuts down free-market activities, including development. Also Read: No Backdoor on Human Rights: Why Encryption Cannot Be Compromised...
Sharia Compliance in Bitcoin – What It’s All About, and Why Exchanges Like Beldex Seek Muslim Traders
29.2.2020
Money is a critical part of everyone’s life, and for the religious it is even viewed as a matter of eternal consequence. While those on the outside may be unaware of the importance finance takes on in circles of faith, these beliefs nonetheless affect and impact the businesses and economies...
Brazil’s PIX Payments System Has the Same Spirit, but Not a Blockchain Structure
28.2.2020
When PIX is implemented, a number of Brazilan banks could take a hit. Point-of-sale machines and payment processing firms could become scarce
Fed Coronavirus Rate Cut May Beat Bitcoin Inflation After 2020 Halving
28.2.2020
The Fed may bring short-term rate under 1% this year, traders are betting as coronavirus continues its spread