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Bank for International Settlements Exec Shows New Fondness for CBDCs

6.12.2019
A long-skeptical exec at the Bank for International Settlements now says that CBDCs could open up new possibilities

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6.12.2019
CoinMarketCap Daily Newsletter Your daily newsletter for 6 December, 2019 “Happiness is a choice that requires effort at times.” - Aeschylus In today's newsletter, we will be covering: Deutsche Bank research saying crypto replacing fiat currencies by 2030 Microsoft announcing […] The post...

Venture Capitalists Have Invested Over $200M in Stablecoins

6.12.2019
Does the world need more stablecoins? Yes according to VCs, who have thrown hundreds of millions of dollars at projects developing stable or low volatility digital assets. The $45 million committed in 2019 takes the past two years of VC investment to over $200M. Also read: RBI Governor Discusses...

Chinese Central Bank Issues USD 2.8m Worth of Blockchain Bonds

6.12.2019
Source: iStock/杨培培 The People’s Bank of China (PBoC) has issued some USD 2.8 billion worth of blockchain-issued financial bonds to small business loans in China. Per reports from Xinhua and Naeil Shinmun, the central bank says that it used its “own independently developed blockchain bond issuance...

Deutsche Bank: Fiat Money is Fragile, Crypto - Inevitable

6.12.2019
The forces that hold the fiat money system together look fragile and, over the next decade, some of these forces could begin to unravel and demand for alternative currencies, from gold to crypto, could take off, German banking giant Deutsche Bank said in its recent report Imagine 2030. "While...

UAE Central Bank Says It Doesn’t Approve Private Cryptos; Could This Be A Threat to the Middle East?

6.12.2019
Cryptocurrencies have been one of the most polarizing concepts of the 21st Century, which have divided the world into two major fractions. First, who believe that Bitcoin is revolutionary, and is the future of global monetary systems. Second, who think that crypto is the threat of the sovereign...

Deutsche Bank Research: Crypto to Replace Fiat Currencies by 2030

6.12.2019
Per Deutsche Bank’s recent research, people’s heightened demand for dematerialized means of payment and anonymity could drive more individuals to digital currencies

ECB Nominee Blames Resistance to Negative Rates on Financial Illiteracy

5.12.2019
European Central Bank (ECB) executive board nominee and member of the German Council of Economic Experts, Isabel Schnabel, recently remarked at a European Parliament hearing that “This scapegoating [of the ECB] is extremely dangerous: it may damage the trust in the euro.” Schnabel...

RBI Governor Discusses Crypto and Central Bank Digital Currency

5.12.2019
The governor of the Reserve Bank of India (RBI), Shaktikanta Das, spoke about cryptocurrency during a press conference on Thursday. He also talked about the prospect of an RBI-issued digital currency, when the time will be right for issuing one, and his view on private digital currencies. Also...

The Fed’s Money Creation System Is Fueling One of the Biggest Heists in History

4.12.2019
Since mid-September, the Federal Reserve has injected three trillion U.S. dollars into the hands of private banks and Wall Street. Despite the fact that massive amounts of money was created out of thin air, the central bank still believes repurchase agreements (repos) are needed to tame...

France to Test Its Central Bank Digital Currency in Q1 2020: Official

4.12.2019
French central bank governor wants France to be the first country to issue a central bank digital currency

Gemini Hires Former Starling Bank Exec for Push Into Europe

4.12.2019
Major U.S. crypto exchange Gemini hires a former Starling Bank exec to lead its push into Europe

[aktualita] UniCredit Bank spouští Apple Pay pro karty Visa. Google Pay stáne nenabízí

4.12.2019
Česká pobočka UniCredit Bank dnes spustila podporu karet Visa v rámci mobilních plateb Apple Pay. Do aplikace Wallet na zařízení s iOS a watchOS si lze přidat debetní, kreditní i prémiové verze karet. UniCredit nasadil Apple Pay letos v červenci, tehdy pouze pro karty MasterCard. „Za poslední...

Banks Are Cutting 75,700 Jobs Worldwide

4.12.2019
Banks worldwide have announced major job cuts this year. Globally, 75,700 jobs are reportedly being eliminated, with the most recent announcement coming from Italy’s largest bank. Unicredit has become the latest major bank to unveil layoff plans, joining Deutsche Bank, Santander, Commerzbank...

Saxo Bank’s Outrageous Prediction 2020: Asia Launches DLT-Based Asset

4.12.2019
In its new “Outrageous Predictions” report, Danish Saxo Bank says that Asia will launch its own blockchain-based digital asset in 2020

World’s 5th Biggest Bank to Launch ‘Digital Currency’ Company in 2020

4.12.2019
One of Japan’s largest companies, Mitsubishi UFJ Financial Group (MUFG), is set to co-launch a “digital currency” and smartphone-based payment service – in conjunction with Japanese human resources network Recruit. Per a report from Nikkei, the new joint-venture company will debut in 2020, and will...