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Deutsche Bank Expects Bitcoin Price to ‘Stay High’ After Halving — JPMorgan Disagrees
21.4.2024
JPMorgan Chase and Deutsche Bank have weighed in on potential price movements for bitcoin following the halving. “We continue to expect prices to stay high,” Deutsche Bank analysts said. JPMorgan analysts, however, stated that they “see downside for the bitcoin price post...
Nigerian Central Bank Governor Denies Using Forex Reserves to Defend Local Currency
20.4.2024
The Nigerian central bank governor has refuted claims that the bank is using the country’s foreign exchange reserves to shore up the naira. The governor attributes the decline in reserves to debt repayments and other payments, which are made because they help to maintain Nigeria’s...
Reserve Bank of New Zealand Releases Digital Currency Consultation Paper
20.4.2024
The Reserve Bank of Zealand has said the proposed digital version of the country’s physical cash would provide universal access to central bank money, either in physical cash or digital form. According to the central bank, the digital version will not only be government-backed but will also...
JPMorgan, Deutsche Bank Analysts Do Not Expect BTC Price to Surge Post Halving: Report
19.4.2024
JP Morgan, Deutsche Bank analysts do not expect to see post-halving price rise as the event “has already been already priced in.
The post JPMorgan, Deutsche Bank Analysts Do Not Expect BTC Price to Surge Post Halving: Report appeared first on Cryptonews
Russian Duma Financial Market Chairman States Digital Financial Assets Might Replace Fiat for International Payments
19.4.2024
Chairman of the Russian State Duma Committee on the Financial Market Anatoly Aksakov stated that digital financial assets, issued by institutions regulated by the central bank, could replace fiat channels for international settlements. Aksakov also acknowledged that while not being controlled...
Central Bank of Fiji Warns About Penalties For Purchasing Cryptocurrency
19.4.2024
The Reserve Bank of Fiji, Fiji’s central bank, reminded Fijians that cryptocurrencies were not accepted as legal tender in the country. In a recent press release, the institution reinforced that purchasing cryptocurrency with funds held in Fiji was illegal and that penalties could be applied...
Bitcoin Halving Partially Priced In With No Big Rally Expected Afterward: Deutsche Bank
18.4.2024
Crypto prices are likely to stay high in anticipation of spot ether ETF approvals, central bank rate cuts, and regulatory changes, the report said
Goldman Sachs Warns Bitcoin Investors – Don’t Read Into Past Halving-Cycles
18.4.2024
In a note to clients, Goldman Sachs, the world's largest investment bank, advised against extrapolating data from previous Bitcoin halving cycles due to macroeconomic changes.
The post Goldman Sachs Warns Bitcoin Investors – Don’t Read Into Past Halving-Cycles appeared first...
New Zealand Begins Plans To Introduce CBDC
17.4.2024
An open survey on "Digital Cash," a potential central bank digital currency (CBDC), has begun, according to the Reserve Bank of New Zealand (RBNZ). This was revealed in a consultation document that the central bank published on April 17.
The post New Zealand Begins Plans To Introduce CBDC appeared...
Israel’s Central Bank to Roll Out Sandbox for CBDC Experiments
17.4.2024
The Bank of Israel is launching a sandbox environment for testing CBDC said in a statement use cases, in an effort to refine the design of the digital shekel and ensure its capacity to facilitate advanced applications.
The post Israel’s Central Bank to Roll Out Sandbox for CBDC Experiments...
South Korean Central Bank to ‘Speed up’ CBDC Project
17.4.2024
The South Korean Central Bank is set to “speed up” its CBDC project, and will pilot its digital KRW with a group of 100,000 citizens later this year.
The post South Korean Central Bank to ‘Speed up’ CBDC Project appeared first on Cryptonews
Binance.US Appoints Former NY Fed Compliance Chief Grant Martin To Board Amidst Crypto Regulation Crackdown
16.4.2024
Grant Martin, the former Chief Compliance and Ethics Officer at the Federal Reserve Bank of New York, is joining the board of Binance.US., the crypto exchange announced in a Tuesday blog post. News of Martin's appointment follows just months after former global Binance CEO, Changpeng "CZ" Zhao...
Reserve Bank of Fiji Says Crypto Not Recognised as Legal Tender
16.4.2024
The central bank of the Pacific island country of Fiji has released a note to the public cautioning that investment in cryptocurrencies and virtual assets such as Bitcoin, Ethereum, Tether are not recognised as legal tender in the country.
The post Reserve Bank of Fiji Says Crypto Not Recognised...
Bank of Russia Supports Cryptocurrency Usage for International Settlements
16.4.2024
The Bank of Russia has announced that it will support accelerating the adoption of cryptocurrency payments for international settlements. According to Elvira Nabiullina, governor of the Bank of Russia, these crypto-based payments must be launched in a sandbox-style experimental regime. In contrast...
Germany’s Largest Federal Lender LBBW Ventures Into Crypto Custody, Targets Mid-2024 Launch
15.4.2024
Landesbank Baden-Württemberg (LBBW), Germany’s largest federal bank, has announced plans to offer crypto custody services later in the year. LBBW revealed its collaboration with Bitpanda, based in Austria, and stated that it will begin these services focusing on bitcoin and ethereum, the...
German Federal Bank Landesbank to Offer Crypto Custody Services With Bitpanda
15.4.2024
German federal bank Landesbank Baden-Württemberg has entered a crypto partnership with Bitpanda to offer crypto-asset custody services in the second half of 2024.
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Germany's Largest Federal Bank LBBW to Offer Crypto Custody Services With Bitpanda
15.4.2024
LBBW will first offer crypto custody to corporate clients with a market launch planned for the second half of 2024
HSBC Looks To Broaden Tokenized Asset Offerings after Gold Token Launch
15.4.2024
HSBC, one of the world’s largest banking services, intends to broaden its array of tokenized assets. CEO Noel Quinn said the bank will ensure these offerings are firmly anchored in reality.
The post HSBC Looks To Broaden Tokenized Asset Offerings after Gold Token Launch appeared first on Cryptonews
Kiyosaki Reacts to $200 BTC Crash Prediction, Miners Offload BTC Ahead of Halving, and More — Week in Review
14.4.2024
Robert Kiyosaki expressed his stance on potentially investing more in Bitcoin if its price plummets to $200, as economist Harry Dent has forecasted. Cryptoquant data reveals that Bitcoin miners are selling off their holdings in anticipation of the network’s upcoming halving event, which...
Uncertainty Over Fed Rate Cuts Intensifies With Sticky Inflation Metrics
13.4.2024
As each day unfolds, analysts, economists, Wall Street institutions, and Fed watchers have increasingly postponed their forecasts for when the U.S. Federal Reserve will reduce the benchmark interest rate. Current data suggest that a rate cut in June is unlikely, with odds standing at 50-50 for...