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Bolivia continues crypto momentum as bank launches USDT custody

28.10.2024
Bolivian bank Banco Bisa has introduced a stablecoin custody service, allowing clients to buy, sell and transfer USDT

Bolivia Ramps up Stablecoin Adoption as Bank Debuts USDT Services

28.10.2024
Stablecoin demand and adoption are poised to increase in Bolivia, as a bank has presented a USDT service suite for the first time. Bisa Bank, a private institution, now allows customers to purchase, sell, and keep USDT funds in the bank, leveraging it for remittances and international payments....

Will Banks Survive? Bank of England Prepares to Launch CBDC if Innovation Stalls

28.10.2024
The Bank of England cautions it could deploy a digital currency if commercial banks falter, signaling a potential upheaval in the future of money. Digital Payments Showdown: BOE Set to Roll Out CBDC if Banks Slip Behind Bank of England (BOE) Governor Andrew Bailey shared his outlook on...

Ripple CEO Loses Bank Account After 25 Years, Given 5 Days to Withdraw Funds

28.10.2024
Ripple’s CEO has revealed that his 25-year-old bank account was closed due to his role leading a crypto company, underscoring rising regulatory pressures and uncertain U.S. policies. Ripple CEO Brad Garlinghouse’s Bank Account Closed by Major Institution After 25 Years Ripple CEO Brad...

Economist Explains Bitcoin’s Untapped Potential for Central Bank Reserves

28.10.2024
An economist has argued that bitcoin is a reserve asset similar to gold, noting that some central banks might consider adding it to their reserves. Economist Makes Bold Case: Bitcoin Could Protect Central Banks Like Gold The Bitcoin Policy Institute (BPI), a non-profit think tank, published a paper...

Central Bank of Brazil Highlights Tokenization Potential Before IMF and World Bank

26.10.2024
The Central Bank of Brazil propped up tokenization and “open finance” as key elements of the future’s financial system. In a panel presentation before the IMF and the World Bank, the bank’s president stated that the intersection between these had been underestimated. Central...

The ECB is wrong about Bitcoin: It’s central banks that are unfair

25.10.2024
The central bankers are the ones printing money and making everyone poorer via inflation. Bitcoin is the solution, not the problem

Russian Banks Baulk at Digital Ruble Implementation Costs

25.10.2024
Russian banks, particularly smaller ones, are unhappy about the high cost (between $1.25 million and $2 million) of integrating with the central bank’s digital ruble platform. This cost is seen as prohibitive for many banks, exceeding their IT budgets. The central bank has mandated different...

World Bank: Nigeria Loses $8B on Foreign Exchange Subsidies Over 3 Years

25.10.2024
The World Bank reports that Nigeria lost over $8 billion due to the Central Bank of Nigeria’s (CBN) refusal to float the naira between 2021 and 2023. This foreign exchange subsidy, along with the fuel subsidy, deprived the government of revenue. The World Bank acknowledges the suffering...

Too early to say Ethereum L2s are ‘cannibalistic’ of revenue: Sygnum Bank

25.10.2024
Ethereum daily fees hover between $1 million and $5 million — far less than the $30 million consistently reached throughout 2021 and 2022

Too early to say Ethereum L2s are ‘cannibalistic’ to revenue: Sygnum Bank

25.10.2024
Ethereum daily fees hover between $1 million to $5 million — far less than the $30 million that was consistently reached throughout 2021 and 2022

Bank of America Declares Gold the ‘Last Safe Haven’ Asset, Forecasts $3,000 Price

25.10.2024
Bank of America sees gold as the last and ultimate safe-haven asset amid rising U.S. debt, urging traders and central banks to increase their holdings. With concerns over fiscal instability and mounting interest payments, the bank forecasts gold could hit $3,000 per ounce by 2025, reinforcing...

Why is Bitcoin price up today?

24.10.2024
Bitcoin price is up today as a recovery in the US job market, strong spot Bitcoin ETF inflows and impressive tech sector earnings data emerge.

The Slow Death of Private Blockchain Tech—R3 Reportedly Explores Sale Despite Big Bank Support

24.10.2024
According to a recent report, R3, the private blockchain initiative backed by several major companies—including Intel, Bank of America, and Wells Fargo—has been looking into various strategic paths, including the possibility of a sale. Sources with knowledge of the situation noted that blockchain...

Norway’s Central Bank on CBDC Progress: We’re Not Falling Behind

24.10.2024
Norway’s central bank is on track to decide by 2025 whether to adopt a central bank digital currency (CBDC), but officials stress there’s no urgency. Despite Norway’s cashless society, with only 2% using cash, the bank is carefully studying both retail and wholesale CBDC options, emphasizing...

Iran Warns BRICS of ‘Big Threat’ From Western Payment Systems, Vows to End Dependence

24.10.2024
Iran has called for BRICS nations to reduce their reliance on Western financial systems, warning of the risks posed by such dependence. Addressing the BRICS summit in Russia, Iran’s president urged the bloc to explore alternative structures and strengthen institutions like the New Development Bank...