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Despite St. Louis Branch Warnings, New York Fed Pumps $108 Billion Into US Economy
29.11.2019
On Wednesday, November 27, the U.S. Federal Reserve pumped $108 billion into the American economy using overnight repo tactics and 15-day repos. The central bank explained the move will stimulate more liquidity into the faltering U.S. economy, but economists from the St. Louis Federal Reserve...
Robinhood Withdraws Bank Charter Application Due to Regulatory Challenges
28.11.2019
Robinhood has withdrawn its bank charter application with the U.S. Office of the Comptroller of the Currency due to regulatory challenges
Another Bank Run Highlights China’s Brewing Financial Crisis
28.11.2019
A regional lender has become the latest victim of the growing liquidity crunch in the world’s most populous country. Yingkou Coastal Bank, operating in the northeastern Chinese province of Liaoning, is the second institution within less than a month to see its financial stability threatened...
The Bank of Ghana Considering Digital Currency + More Crypto News
27.11.2019
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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The Bank of Ghana, the country's central bank, is thinking about issuing a digital currency to complement the growth...
Ghana Exploring Digitized National Currency, Says Central Bank Exec
27.11.2019
The governor of Ghana’s central bank says that the country is exploring a central bank digital currency, and could issue an e-cedi in the near future
Ashok Leyland Teams Up With Axis Bank for Financing of Commercial Vehicles
27.11.2019
Ashok Leyland, the automobile company, owned by the Hinduja Group, has announced that it has partnered with Axis Bank for financing commercial vehicles. The partnership is for 2 years to offer customized financial solutions to its customers. According to the announcement, service will be available...
Ghana May Issue Digital Currency in ‘Near Future,’ Says Central Bank Chief
27.11.2019
Ghana is joining the ranks of nations eyeing the launch of a central bank digital currency, and is already in talks over a pilot project
Ghana May Issue Digital Currency in ‘Near Future,’ Says Central Bank Chief
27.11.2019
Ghana is joining the ranks of nations eyeing the launch of a central bank digital currency, and is already in talks over a pilot project
Indian Crypto Industry Optimistic After Binance Enters the Market
27.11.2019
After the delay on proposed blanket ban on crypto and Binance entering the country, are crypto businesses relieved?
Ex-DOJ, Capital One Exec to Lead Compliance at Crypto Payments Startup Celo Labs
26.11.2019
C Labs, the company working on Celo, is bringing on former DOJ official Jai Ramaswamy to head compliance
French Central Bank Official Wants to Improve Financial System With Blockchain
25.11.2019
The first deputy governor of Banque de France, Denis Beau, has urged the finance industry to experiment with blockchain
Bank of Korea (Bok) to Adopt “wait-and-see” Approach for Facebook’s Libra
25.11.2019
Where on the one hand, Facebook, the social media giant is fast pacing towards the launch of its stablecoin project Libra, central banks and regulatory authorities from around the world, on the contrary, are showing some serious concerns over the highly-controversial cryptocurrency project....
Survey: 58% of German Banks Charge Negative Interest Rates
24.11.2019
Germany’s central bank, the Deutsche Bundesbank, has conducted a survey of banks charging negative interest rates on customer deposits. Some are charging retail customers as well as corporate clients. An independent price comparison portal shows which banks are currently charging for deposits...
A Few Benefits for Bitcoin Beginners to Appreciate
24.11.2019
If you are considering entering the crypto universe or if you’ve only recently made your first investment, you might still be exploring the benefits of bitcoin as opposed to your credit card, online bank account or digital wallet you are used to. In an abstract sense, cryptocurrencies...
Chinese Central Bank Plans to Nip Young Crypto Businesses ‘In the Bud’
22.11.2019
China's central bank has formally issued a new plan to crack down on crypto businesses
Morocco Plans to Expand Access to Financial Services With Fintech
22.11.2019
Morocco aims to expand access to financial services through the integration of blockchain in the country’s finance sector
Bitcoin Drops to $7,000 as China Vows to ‘Dispose of’ Exchanges
22.11.2019
China seeks to reinforce the crypto trading ban
Silvergate Bank CEO Bets on Higher Crypto Price Volatility After $40M IPO
21.11.2019
“Now that we're public, we have more efficient access to capital to support our growth,” Silvergate Bank CEO Alan Lane said in an interview
German Bank Boosts Bitcoin — Negative Interest Rates Hit Every Account
21.11.2019
“We had to” — German bank charges everyone 0.5% negative interest
China Central Bank to Set Standards for 17 Fintech Categories, Including Blockchain
21.11.2019
The People’s Bank of China (PBoC) has an agenda to set industry standards across the financial sector, including blockchain, a senior official from the bank said on Wednesday. Speaking at a meeting of the National Technical Committee, PBoC vice president Yifei Fan said the bank aims to better...