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Kraken Unveils Crypto Custody Service for US Institutional Clients
21.3.2024
Crypto exchange Kraken launched a crypto custody service in the US targeted at institutional clients on Wednesday. Kraken Financial, a state-chartered bank based in Wyoming, will provide the service.
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Sweden’s Riksbank Releases Final Report on CBDC Project
21.3.2024
Sweden’s Riksbank has released its final report on its central bank digital currency (CBDC), the e-Krona, which focused on offline payments.
The post Sweden’s Riksbank Releases Final Report on CBDC Project appeared first on Cryptonews
Hong Kong Central Bank Raises Red Flag on Deceptive Digital Currency Trial Entities
21.3.2024
Hong Kong's central bank cautioned the public Wednesday about schemes falsely claiming association with its e-HKD pilot projects. The warning comes as Hong Kong explores the potential of a central bank digital currency through various trial projects.
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Bitcoin Price Pumps Back Above $67,000, Up 10% from Intra-day Lows Following Dovish Fed
20.3.2024
The Bitcoin (BTC) price is pumping in the wake of the latest Fed policy announcement, which saw the bank leave interest rates unchanged at 5.25-5.5% for a fifth successive meeting and continue to forecast three rate cuts in 2024.
The post Bitcoin Price Pumps Back Above $67,000, Up 10% from...
Lithuania-Licensed Crypto Bank Meld to Offer Tokenized RWAs to Retail Investors
20.3.2024
Meld, which is in partnership with the layer-1 blockchain of the same name, signed an initial agreement with DeFi platform Swarm Markets, which started a real-world asset platform in December
Salvadoran Press Raises Doubts on Piggy Bank Funds’ Ownership: 80% of BTC Came From Bitfinex
20.3.2024
Reports from local Salvadoran press are raising questions about President Bukele’s announcement last week, when he transferred 5,690 BTC to a cold wallet, stating that all of these belonged to the country. Moises Alvarado, a Salvadoran journalist, found that 80% of the funds in this wallet...
Sygnum Tokenizes $50M of Fidelity International Fund as Matter Labs Moves Reserves to Blockchain
19.3.2024
The move was part of zkSync developer Matter Labs' long-term goal to move its treasury reserves to a blockchain
Citi and Brazilian Development Bank Join Hyperledger Foundation
19.3.2024
The Foundation has also launched a collaborative working group for traditional financial institutions to work atop of the company’s Besu Ethereum client
Bank of Japan Ends Eight-Year Negative Rates Regime; Bitcoin Slides to $62.7K
19.3.2024
The BOJ hiked the benchmark borrowing cost by 10 basis points, abandoning the prolonged negative interest rate policy
Real-World Assets Platform Gluwa Considers Developing Liberia’s CBDC
19.3.2024
The real-world assets platform, Gluwa, is exploring the potential to assist in the development and launch of Liberia’s central bank digital currency. To increase the likelihood of the digital currency’s success, Gluwa is also considering the launch of a satellite-based internet service. Making...
Standard Chartered Predicts Up To $45 Billion Inflows To Ethereum ETFs Within 1 Year
18.3.2024
British multinational bank Standard Chartered expects Ethereum (ETH) to outperform Bitcoin (BTC) after spot ETFs for the former are approved by regulators in May of this year.
The post Standard Chartered Predicts Up To $45 Billion Inflows To Ethereum ETFs Within 1 Year appeared first on Cryptonews
Bank of Japan likely to increase interest rate
18.3.2024
Speculations are rife regarding the possibility of the Bank of Japan increasing its interest rates very shortly, following a period of 17 years. This is due to the biggest union group in Japan declaring the toughest wage propositions in more than 30 years. Following this, the yen witnessed a slight...
China’s Central Bank Publishes Digital Yuan Guide for Foreign Visitors
18.3.2024
The People’s Bank of China publishes a digital yuan service guide for foreign visitors, detailing steps to download apps, open wallets, link accounts, and complete payments.
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El Salvador Moves ‘Big Chunk’ of Its BTC to Cold Wallet — President Bukele Says ‘Call It Our First Bitcoin Piggy Bank’
16.3.2024
El Salvador has transferred “a big chunk” of its bitcoin holdings to a cold wallet, President Nayib Bukele has announced. “You can call it our first bitcoin piggy bank,” he said. As of writing, the wallet’s balance totals approximately 5,690 bitcoins. El Salvador...
Hong Kong Gears Up for e-HKD: Phase Two Pilot Seeks CBDC Use Cases
15.3.2024
Hong Kong's central bank, the Hong Kong Monetary Authority (HKMA), announced today the launch of the second phase of its e-HKD pilot program.
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The Biggest Bank Heist in History Is Coming
14.3.2024
Regulators are permitting banks to tokenize financial assets such as bank deposits, U.S. Treasuries and corporate debt. But they want institutions to use permissioned networks rather than the decentralized blockchains that keep assets safe from hackers
Crypto.com Faces Regulatory Hurdle with Dutch Central Bank Fine
14.3.2024
De Nederlandsche Bank (DNB), the central bank of The Netherlands, has imposed a major fine on crypto exchange Crypto.com.
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DeFi Borrower Behavior Key to Gauging Tokenization Risks: BIS Study
14.3.2024
The study was designed to look at the largely unexplored "intricacies" of user behavior and dynamics of decentralized finance lending, the authors said
Global Surge in CBDC Exploration Leaves US Playing Catch-Up: Study
14.3.2024
An Atlantic Council study showed that 134 countries, or 98% of the global Gross Domestic Product (GDP), are currently exploring a central bank digital currency (CBDC). This number has surged from just 35 since May 2020.
The post Global Surge in CBDC Exploration Leaves US Playing Catch-Up: Study...
Financial Markets Tense as Inflation Rise Suggests US Central Bank May Keep Rates Steady
13.3.2024
The U.S. Consumer Price Index (CPI), experienced a 3.2% increase over the 12 months ending in February, marginally higher by 0.1% compared to January’s CPI. This development is not being well-received by the financial markets, as the U.S. Federal Reserve might postpone any reductions in...