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Soaring Inflation Puts Central Banks on a Difficult Journey

5.8.2022
Tobias Adrian is the Financial Counsellor and Director, and Christopher Erceg and Fabio Natalucci are Deputy Directors at the International Monetary Fund (IMF)'s Monetary and Capital Markets Department.__________... Read More: Soaring Inflation Puts Central Banks on a Difficult Journey

The Bank of Thailand to pilot Retail CBDC by the end of 2022

5.8.2022
The Retail CBDC will be tested in a limited retail environment with 10,000 participants and three major banks

Thailand's Central Bank Extends Retail CBDC Study to Pilot Phase

5.8.2022
The announcement noted how central banks across the world were seeing "the potential of retail CBDC as being the foundation of the future financial system."

Portuguese Banks Close Accounts of Crypto Exchanges, Media Reveals

5.8.2022
Major Portuguese banks have started closing or refusing to open accounts for cryptocurrency platforms such as exchanges, according to media reports. The move threatens to tarnish the country’s image as one of Europe’s most crypto-friendly destinations, a haven for bitcoin enthusiasts....

Voyager received better buy-out offers than FTX’s, set to return $270M to customers

5.8.2022
The crypto lender will be allowed to return a portion of customer funds locked up at the Metropolitan Commercial Bank which have been frozen until now

Inflation Is Spiking in Zimbabwe (Again). Why High-Interest Rates Aren’t the Answer

5.8.2022
Jonathan Munemo, Professor of Economics, Salisbury University._____ The central bank of Zimbabwe has raised its benchmark rate from 80% to a fresh record of 200%. This increase comes as Russia’s invasion of Ukraine is driving global commodity prices higher, exacerbating inflation in many countries...

Inflation Is Spiking in Zimbabwe (Again). Why High-Interest Rates Aren’t the Answer

Self-custody isn’t for everyone: WisdomTree exec on ‘be your own bank’

4.8.2022
As self-custody puts a lot of responsibility on a user, many may find self-custody way too uncomfortable or too hard to handle

Bitcoin Debuts in BlackRock & Coinbase Partnership, Meta Rolls Out NFTs to More Countries, Risky Crypto Bridges + More News

4.8.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________... Read More: Bitcoin Debuts in BlackRock & Coinbase Partnership, Meta Rolls Out NFTs to More Countries, Risky Crypto Bridges + More News

Bitcoin Debuts in BlackRock & Coinbase Partnership, Meta Rolls Out NFTs to More Countries, Risky Crypto Bridges + More News

First Mover Americas: Bitcoin Unbothered by Bank of England's Super-Size Interest-Rate Hike

4.8.2022
The latest price moves in bitcoin (BTC) and crypto markets in context for August 4, 2022

Speculators and Crypto Traders Blamed for Naira’s Plunge, Kenyan Institutions Told to End Dealings With Nigerian Fintechs, CAR Token Sale off to Slow Start

4.8.2022
In this week’s Africa news highlights, the Nigerian central bank blames speculators for causing the local currency’s plunge to a new all-time low on the parallel market. In Kenya, the central bank has told financial institutions to cease having dealings with two Nigerian fintechs...

Bank of England Raises Interest Rate by Most Since 1995

4.8.2022
The Bank of England has raised interest rates by 50 basis points to 1.75%, its biggest single increase since 1995, amidst concerns that U.K. inflation will be significantly above 10% next year

Portuguese Banks Stop Offering Services to Crypto Exchanges, Citing ‘Risk’ as Rationale

4.8.2022
Multiple Portuguese banks have begun closing accounts belonging to crypto exchanges due to “risk management”-related reasons – and the country’s central bank appears to have given the financial institutions its blessing.... Read More: Portuguese Banks Stop Offering Services to Crypto Exchanges...

CBDC Could Be ‘Holy Grail’ of Cross-Border Payments, ECB Says, Sees Bitcoin as Less Credible

4.8.2022
Several solutions can potentially improve cross-border payments significantly and central bank digital currency (CBDC) could be the “holy grail,” according to the European Central Bank (ECB). In a new report, the eurozone’s monetary authority also claims stablecoins, among...

South Korean Banks May Be in Trouble as Regulator Probes Kimchi Premium Bitcoin ‘Irregularities’

4.8.2022
South Korean banks could find themselves in the firing line after the government, media outlets, and regulators stepped up the scrutiny of the banks' role in enabling kimchi premium traders to make fast money when trading volumes rise.... Read More: South Korean Banks May Be in Trouble as Regulator...

The Fed Is ‘Resolute’ on Hiking Interest Rates, Tightening Monetary Policy to Tame Inflation — Gold and Stocks Sink

3.8.2022
Several reports detail that U.S. Federal Reserve officials are resolute on tightening monetary policy and increasing the federal funds rate until inflation in America is alleviated. Chicago Fed president Charles Evans explained on Tuesday that the central bank would likely keep up the larger than...

Chinese municipal bank issues first-ever digital yuan loan using intellectual property as collateral

3.8.2022
The unnamed recipient of the loan said the e-CNY transaction was fast and efficient; they received an equivalent of 500,000 CNY, which was $74,020 at the time of publication

Bank of America Dismisses Assertion That Blockchains Have no Intrinsic Value, Citing Transaction Fees

3.8.2022
The Ethereum blockchain has generated around $3.9 billion in fees this year and Bitcoin $93 million, the report said

South African Professor Accuses Central Bank Official of Spreading Misinformation That Damages Crypto Industry

3.8.2022
A South African professor, Steven Boykey Sidley, has branded as “balderdash” claims by the South African central bank deputy governor that “90% of cryptocurrency transactions” are illicit. The professor also accused the senior central bank official of spreading...