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Major Investment Bank Oppenheimer Bullish on Bitcoin, Highlights Instead of Gold
30.7.2020
U.S. investment bank Oppenheimer’s analyst says gold is “extended” and has “run up a bit,” bringing attention to bitcoin instead. He sees the cryptocurrency reversing its downtrend from the $20K peak, benefiting from the dollar’s weakness. Oppenheimer Analyst...
Central Banks Are Privacy Providers of Last Resort
30.7.2020
If central banks issue digital currencies, they'll be thrown into a debate about financial privacy in the modern era. Is that what they want?
Bank of England Building Payments Network to Support a Potential Digital Pound
30.7.2020
CoinDesk has learned the Bank of England's new settlement system is being built so it can be forwards compatible with a digital currency
Bitcoin Tops $11,000 Reigniting Interest in India
30.7.2020
A resurgent bitcoin is rekindling Indian interest in cryptocurrencies with reports suggesting many dormant holders are back to trading. A report in Livemint is also attributing the piqued interest to a recent Indian supreme court decision to overturn a prohibition that barred banks from dealing...
Russian Roulette: Central Bank Calls Crypto Investment ‘Gambling’
29.7.2020
The crypto-skeptic Russian Central Bank (CB) has taken another swipe at crypto – equating investment in digital tokens to “playing roulette” or investing in “pyramid schemes.” Meanwhile, some experts have suggested that new Russian “suspicious funds” seizure laws could be applied to crypto...
US Bank Regulator: Dollars on Blockchain ‘Better Than Central Bank Monopoly on the Payments System’
29.7.2020
Acting Comptroller of the Currency Brian Brooks points to existing stablecoin projects as an example for U.S. payments infrastructure
Philippines Central Bank Becomes the Latest to Consider Issuing a CBDC
29.7.2020
The Philippine central bank has confirmed in a virtual briefing that it has formed a committee to look into issuing a digital currency
Cambodians Still Waiting on Central Bank Digital Currency
29.7.2020
Somewhat behind schedule, Cambodia’s banks are readying themselves for a forthcoming national blockchain-based currency
Digital Yen Now ‘Top Priority’ for Japan Central Bank, Says Senior Official
29.7.2020
The comments mark a shift in priority for Japan as it seeks to counter the economic threat from regional rival China
Philippines Central Bank May Decide on CBDC Issuance by Next Month
29.7.2020
Another day, another central bank said it (conditionally) wants to issue a digital currency. This week it is the turn of the Philippines, whose central bank has created a committee that will examine the feasibility and policy implications of issuing a digital version of the fiat peso.
The committee...
Russia’s Central Bank Keeps Insisting That Crypto Is ‘Criminal’
28.7.2020
Russia’s central bank argues that crypto purchases are not considered an investment
Goldman Sachs Warns US Dollar Risks Losing World Reserve Currency Status, Gold and Bitcoin Soar
28.7.2020
Goldman Sachs has warned that the U.S. dollar may lose its status as the world’s reserve currency. The investment bank is bullish on gold as fears over governments debasing their fiat currencies grow and real interest rates are pushed to all-time lows. Goldman Sachs’ Dollar and Gold...
China and US Must Learn From One Another and Collaborate on CBDC
28.7.2020
The governments of China and the U.S. frame digital currency as part of their great-power competition, but instead they should work on this technology together
Mastercard Exec Accused of Money Laundering Cover-Up at Bank With Ties to Wirecard
28.7.2020
Wirecard has been implicated in a new report on alleged criminal activities by a Mastercard executive operating at the FBME bank in Cyprus
Digital Bank Revolut Adds Stellar to List of Supported Cryptocurrencies
28.7.2020
Users will now be able to buy and sell XLM on Revolut’s platform, the fintech firm announced Tuesday
Silvergate’s Bitcoin-Backed Lending Product Grew 80% in the Last Quarter
27.7.2020
Silvergate Bank continued to add a steady drip of crypto customers in Q2 but its issuance of bitcoin-collateralized loans is what stood out
Income Inequality: Can Bitcoin or Other Cryptocurrencies Fix This?
24.7.2020
Despite the benefits of crypto being in the hands of the few, the current crisis may be a harbinger of change
Crypto Bank Hopeful Bitcoin Suisse Raises $48M in First-Ever Round
24.7.2020
Bitcoin Suisse said some of the funding will go on new product offerings if its banking license applications are successful
Czech Central Bank Board Member Criticizes CBDCs as ‘Helicopter Money’
24.7.2020
The Czech National Bank's Tomas Holub said in an interview that central bank digital currencies raise more questions than answers right now
New Russian Law Bans Bitcoin Payments for Goods and Services
24.7.2020
Russian lawmakers have passed a bill that gives legal status to cryptocurrencies such as bitcoin – but bans them from being used to pay for goods and services. Legislators approved the Digital Financial Assets (DFA) bill on July 22 after its third and final reading. It had already won backing...