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Market Outlook: A Few Cryptocurrencies Rebound While Fear Grips Central Banks

1.10.2019
In the last 48 hours, digital currency markets have rebounded after some bearish price dips last week. After losing $35 billion in a short period of time, most crypto markets have been gradually healing and the overall market valuation of the cryptoconomy has clawed back at least 50-60% of...

Facebook Will Create ‘Shadow Banking’ System, Major U.S. Banks Warn

1.10.2019
Facebook’s Libra will potentially create a “shadow banking” system, according to the banks at the Federal Advisory Council

This Crypto-Savvy Bank Is Building Bandwidth for Bitcoin Retail Payments

1.10.2019
The German bank is set to help European retailers accept bitcoin payments in early 2020

Bank of Japan Eyes Lower Rates for Halloween as Negative Global Trend Continues

1.10.2019
In a recent rate review meeting of the Bank of Japan (BoJ), bank governor Haruhiko Kuroda and others on the nine-member board urged leaving all options on the table, where further cuts to the country’s negative interest rate are concerned. The talk of further stimulus reflects an ever-growing...

Central Banks in Panic Mode – Extreme Tactics Like Helicopter Money Discussed

30.9.2019
Central banks worldwide continue to inject more stimulus into the economy as they predict the onset of a new financial crisis. In the face of a sluggish economy, monetary easing, negative interest rates, and ‘normalizing’ the balance sheet is the name of the game these days. Now central...

To Improve the Resilience of its Financial System is Now a Priority for Reserve Bank of New Zealand

30.9.2019
Central banks all over the world are currently looking for a way to make their country’s financial system more efficient and in that regard, New Zealand is no different. In a new development, the Reserve Bank of New Zealand has indicated that the country’s financial system is good enough to tackle...

Attorneys Seek Bank of Ireland Execs’ Testimony Against OneCoin Scammer

30.9.2019
U.S. attorneys have submitted a motion seeking testimony from former Bank of Ireland execs in the case of a OneCoin cryptocurrency scammer

Interest Rate in Australia to Be Cut According to Financial Market Predictions

30.9.2019
Interest rates are being cut by most central banks all over the world in order to recharge economies. If the predictions from the financial markets are to be believed, the Reserve Bank of Australia is all set to cut interest rates as well. The Reserve Bank is going to convene its board meeting...

Massive Layoffs: Banks Cutting Nearly 60,000 Jobs Worldwide

30.9.2019
Banks are laying off workers across the globe as revenue declines throughout the sector. According to reports, banks have announced nearly 60,000 job cuts so far this year, with most of the layoffs happening in Europe, especially in Germany. Also read: Panic at 137 Bank Branches as RBI Limits...

Bankers Start to Recognize Bitcoin’s Role in Financial Evolution

29.9.2019
Digitization, disruption, blockchain, and frictionless payments. It’s amazing how prominent figures from the financial elite can provide a pretty detailed description of decentralized money without uttering “bitcoin” or “crypto.” But the fact of the matter is that...

Former Head of UBS Shares Excitement Over the “Powerful” Crypto Banking Potential

29.9.2019
The ex-CEO of the largest bank of Switzerland, UBS, Peter Wuffli, has stated that he intends to tap into the 220 billion dollar market of private individuals, as well as institutions, that already own digital currencies. At present, Wuffli serves as the director of Sygnum, a Swiss cryptocurrency...

China’s Fintech Stocks Soar Over 50% in 2019 Amid CBDC Anticipation

27.9.2019
China’s fintech stocks rise more than 50% in 2019 amid anticipation for state-backed crypto, a new report says

Venezuela’s Central Bank Indicates Plans to Stockpile Bitcoin

27.9.2019
Various reports reveal Venezuela’s central bank is allegedly contemplating hoarding a variety of cryptocurrencies like BTC within its internal reserves. The state-operated gas company Petroleos de Venezuela SA (PDVSA) has asked to send BTC and ETH payments to Banco Central...

ING’s Chief Economist Predicts Central Bank Digital Currencies in 2-3 Years

27.9.2019
Dutch bank ING's chief economist has said Facebook's Libra is pressuring central banks to launch their own digital currencies

Protests Led RBI to Raise PMC Bank’s Withdrawal Limit

27.9.2019
The Reserve Bank of India has relaxed the withdrawal limit of 1,000 rupees (approximately $14) it placed on a cooperative bank a couple of days ago. The central bank said it aims to reduce the hardship of depositors after many heavy protests followed its original order. Also read: Panic at 137 Bank...