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Report: Central Bank Gold Demand Surges in July Amid Rising Prices
3.9.2024
Central banks globally continued to bolster their gold reserves in July, despite an increase in gold prices, according to a report by Krishan Gopaul, senior analyst, EMEA at the World Gold Council. The report highlights a 206% increase in net gold purchases compared to the previous month, driven...
Central banks buying gold at record levels, but Bitcoin still outperforms
2.9.2024
Central banks bought a record 483 tonnes of gold in the first half of 2024, driving the asset to an all-time high.
Arthur Hayes Predicts Bitcoin Boom as Central Banks Cut Interest Rates
1.9.2024
Bitmex co-founder Arthur Hayes is optimistic about bitcoin’s future, citing recent interest rate cuts by central banks. He believes further rate cuts by the U.S. Federal Reserve, Bank of England, and European Central Bank could expand the money supply and drive inflation. Hayes argues that...
Gold Shatters Records as Investors Brace for Economic Turbulence
20.8.2024
Precious metals prices are on the move again, with gold hitting a new peak of $2,564 during Tuesday’s trading sessions. As of now, gold is being traded at $2,527 per ounce, while silver has climbed more than 6% this week, currently standing at $29.68 per ounce. Market trends show that the prices...
Philippine Central Bank Warns of AI-Driven Crypto Scams — Governor Denies Endorsing Cryptocurrency Projects
20.7.2024
The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, has cautioned the public against scams involving AI-manipulated videos and audios, which are used to spread false information, particularly about cryptocurrency investments. The BSP emphasizes that Governor Eli M. Remolona...
Digital Euro Holding Limit: Debate Continues
26.6.2024
The president of Germany’s central bank has highlighted the ongoing debate about the holding limit for the digital euro, Europe’s central bank digital currency (CBDC). He noted that recent Bundesbank research indicates that the optimal amount could be in the range of 1,500 to 2,500...
Big banks rush in to test ECB’s wholesale distributed ledger tech
24.6.2024
The new participants in the European Central Bank’s DLT tests include major financial institutions
Central Banks Plan Increased Gold Reserves Amid Global Uncertainty: 2024 World Gold Council Survey
20.6.2024
The World Gold Council’s 2024 survey reveals that central banks plan to increase gold reserves amid geopolitical and financial uncertainties. Over 80% of respondents expect global bullion holdings to rise, and 29% of central banks plan to boost their own reserves. Motivations include...
BIS Survey: 94% of Central Banks Exploring Digital Currency
15.6.2024
The latest Bank for International Settlements (BIS) survey reveals that 94% of central banks are exploring central bank digital currencies (CBDCs). There has been a notable increase in wholesale CBDC experiments, especially in advanced economies. Central banks are examining various factors...
More Central Banks Are Exploring a CBDC, BIS Survey Finds
14.6.2024
There's a greater chance of a wholesale CBDC being issued within six years than a retail one, according to the report
Bitmex Founder Arthur Hayes Advises to ‘Go Long on Bitcoin’ as G7 Central Banks May Slash Rates
8.6.2024
Arthur Hayes, the founder and former CEO of Bitmex, recently shared his insights on the future of global financial markets in a blog post. Hayes delves into the impact of central bank policies on the global economy, emphasizing the role of interest rates and inflation targets. Bitmex...
Central Banks Boost Gold Reserves by 33 Tonnes in April
8.6.2024
Global gold reserves rose by 33 tonnes in April, according to the World Gold Council. The Central Bank of Turkey was at the forefront, increasing its holdings by 8 tonnes. This addition marks 11 consecutive months of purchases, bringing the central bank’s year-to-date acquisitions to...
Private firms to join global central bank CBDC project
5.6.2024
As Project mBridge enters its MVP phase, BIS is inviting private sector firms to propose new solutions and use cases to further develop and showcase the platform's potential
Central banks turn to generative AI for enhanced cybersecurity: BIS
28.5.2024
Central banks are increasingly adopting generative AI for cybersecurity, with a BIS report indicating that 71% are already using it and more planning to follow
Economist Jim Rickards Predicts Gold Price Exceeding $27,000 — Says: ‘It’s Not a Guess. It’s Rigorous Analysis’
19.5.2024
Economist Jim Rickards forecasts that gold prices could surpass $27,000, emphasizing that this projection is not made for attention or shock value. “It’s the result of rigorous analysis,” he clarified. This represents a significant increase from his previous estimate of $15,000 by 2026....
Bitcoin Has Best Day in 2 Months as Markets Anticipate a ‘Summer of Easing'
16.5.2024
The net percent of global central banks cutting rates is increasing in a positive sign for risk assets, including cryptocurrencies
ECB’s Joachim Nagel Urges Central Banks to Evolve: ‘We Need to Work on Our Business Model’
8.5.2024
Joachim Nagel, President of the Deutsche Bundesbank and Member of the Governing Council of the European Central Bank (ECB), has raised concerns about central banks’ business model. “If part of your core product is loosening attractiveness then you have to think about another new core...
Central banks must revise business model, embrace CBDCs — ECB member
6.5.2024
Bundesbank’s president Joachim Nagel urged central banks to revamp their business models and adopt digital currencies during the BIS Innovation Summit
World Economic Forum Study Reveals 98% of Central Banks Are Eyeing CBDCs
22.4.2024
The World Economic Forum recently released a report investigating wholesale central bank digital currencies (wCBDCs). The document explored the potential of wCBDCs to alleviate significant industry challenges and address key pain points.
The post World Economic Forum Study Reveals 98% of Central...
Central Banks Kept Purchasing Gold in February; China Continues Gold Run
8.4.2024
Central banks kept up demand for gold in February, registering net purchases of 19 tonnes. Albeit the purchasing trend continued, purchases fell 58% compared to January’s demand, according to IMF and World Gold Council numbers. China reported the largest gold accumulation, acquiring 12 tonnes...