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Zimbabwean Dollar Could Collapse, Business Lobby Warns
14.10.2021
A Zimbabwean business lobby group, the Confederation of Zimbabwe Industries (CZI), has warned that the country’s currency could collapse if authorities fail to “implement policy measures that are needed to support it.” Central Bank Approach Unsettling the Market In a letter...
Too early to talk about using crypto for oil trading, says Putin
14.10.2021
The Russian president has not excluded the possibility that, at some point, crypto will become a “means of accumulation.”
Search for fiat alternative ‘perfectly reasonable,’ says StanChart CEO
14.10.2021
The CEO of the British bank believes stablecoins, CBDCs and even NFTs will likely outgrow cryptocurrencies
Digital Pound Foundation launches to promote CBDC development in the UK
14.10.2021
The think tank wants to ensure the United Kingdom keeps pace with the developments in the emerging digital landscape
St. Louis Fed’s James Bullard Would ‘Support Starting the Taper in November’ to React to Inflation
14.10.2021
St. Louis Federal Reserve president James Bullard told the press on Tuesday that he thinks the U.S. central bank needs to wind down the buying of $80 billion worth of monthly bond purchases. Bullard says he would support tapering starting as early as November, in order to “react to possible...
G7 leaders issue central bank digital currency guidelines
14.10.2021
Financial leaders from the G7 agree that CBDCs would complement cash and should not be detrimental to the monetary system
Bank of England’s Deputy Governor Says Crypto Collapse Plausible, Regulators Need to Urgently Establish Rules
14.10.2021
Bank of England Deputy Governor Jon Cunliffe says that a collapse in the cryptocurrency market is certainly “plausible,” stating that regulators worldwide need to pursue crypto rules “as a matter of urgency.” While cryptocurrencies do not currently pose a threat to...
BoE deputy gov: regulators should pursue crypto as a 'matter of urgency'
13.10.2021
The central bank official spoke about the risks cryptocurrencies and stablecoins may pose when connected to traditional financial systems through individuals, financial institutions, hedge funds, and banks
Swiss Bank Seba Now Lets Customers Earn Yield on Crypto Holdings
13.10.2021
A FINMA-licensed Swiss bank, Seba, has launched a program enabling clients to earn yield on their crypto holdings. In addition, the bank will “provide support for centralized lending and borrowing services, enabling investors to generate yield by lending bitcoin and ethereum directly with...
Report: Kenya Has Fourth-Highest Interest in Cryptocurrency Globally
13.10.2021
Kenya has the fourth-highest interest in cryptocurrency globally, a new research study by Broker Chooser has found. According to the study, only three countries — Ukraine, Russia, and the United States — have had higher searches for cryptocurrency in the last 12 months than Kenya....
SEBA Bank launches problems for users to earn yield on crypto
13.10.2021
Customers can currently generate yields on Polkadot, Tezos and Cardano, but the bank said it planned to add more proof-of-stake protocols in the coming months
Bank of Spain Criticizes El Salvador’s Foray Into Bitcoin
13.10.2021
The Bank of Spain, the central bank of the country, criticized the adoption process El Salvador chose when declaring Bitcoin legal tender last month. In a report titled “The role of crypto assets as legal tender: the example of El Salvador,” the bank examines several pain points...
US Inflation Expectations Highest Since 2013, Gas Prices Skyrocket, Supply Chains Buckle
13.10.2021
Americans are still concerned about dealing with inflation, as the cost of goods and services has continued to rise significantly in a short period of time. The Federal Reserve has published the latest Survey of Consumer Expectations report and U.S. households believe inflation will be up 5.3%...
China Ready to Get Tough with Crypto Crackdown Enforcement
12.10.2021
the central People’s Bank of China (PBoC) and called on companies in the country to take punitive measures against crypto-trading customers. It also warned overseas platforms targeting Chinese customers that they could face penalties.Similar statements have been made in the past, but the cryp
Elrond to Acquire Capital Financial Services S.A, Owner of First e-Money License in Romania, Pending Approval of Romania’s National Bank
12.10.2021
Sibiu, Romania, October 12, 2021 – Elrond Network, the European startup developing groundbreaking internet-scale blockchain technology, announced today the acquisition of Capital Financial Services S.A. (operated under the Twispay brand), a company licensed to operate an Electronic Money...
Nigerian Vice President Says Current Naira Exchange Rate ‘Artificially Low’
12.10.2021
Nigerian Vice President Yemi Osinbajo recently warned that the country’s official naira exchange rate of N411 for every dollar is artificially low. This exchange rate, according to Osinbajo, discourages foreign exchange entrance into the country. Naira Exchange Rate Must Reflect Realities...
JPMorgan Boss Jamie Dimon Says Bitcoin Is Worthless, Questions BTC’s Limited Supply
12.10.2021
The CEO of global investment bank JPMorgan, Jamie Dimon, says bitcoin is “worthless,” questioning whether the supply of bitcoin is actually limited. He also noted that blockchain and stablecoins can be real, emphasizing that governments are going to regulate the industry. Bitcoin...
Bank of England: Crypto Assets Pose ‘Limited’ Risks to Stability of UK Financial System
12.10.2021
The Bank of England says that crypto assets pose “limited” direct risks to the stability of the country’s financial system. “Cryptoasset and associated markets and services continue to grow and to develop rapidly. Such assets are becoming increasingly integrated into...
Swiss think tank initiates vote to add Bitcoin in federal constitution
11.10.2021
Successful or not, the vote will bring crypto education to people who are not yet Bitcoin-savvy, 2B4CH founder said
Poland’s Central Bank Says It Will Add 100 Tons of Gold to Existing Holdings in 2022
11.10.2021
The Polish central bank, the National Bank of Poland (NBP), is reportedly planning to raise its gold reserves by 100 tons in 2022. According to bank governor Adam Glapinski, the objective of this decision is to prepare Poland for “the most unfavourable circumstances.” Gold’s...