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World Bank: Nigeria Loses $8B on Foreign Exchange Subsidies Over 3 Years
25.10.2024
The World Bank reports that Nigeria lost over $8 billion due to the Central Bank of Nigeria’s (CBN) refusal to float the naira between 2021 and 2023. This foreign exchange subsidy, along with the fuel subsidy, deprived the government of revenue. The World Bank acknowledges the suffering...
Too early to say Ethereum L2s are ‘cannibalistic’ of revenue: Sygnum Bank
25.10.2024
Ethereum daily fees hover between $1 million and $5 million — far less than the $30 million consistently reached throughout 2021 and 2022
Too early to say Ethereum L2s are ‘cannibalistic’ to revenue: Sygnum Bank
25.10.2024
Ethereum daily fees hover between $1 million to $5 million — far less than the $30 million that was consistently reached throughout 2021 and 2022
Bank of America Declares Gold the ‘Last Safe Haven’ Asset, Forecasts $3,000 Price
25.10.2024
Bank of America sees gold as the last and ultimate safe-haven asset amid rising U.S. debt, urging traders and central banks to increase their holdings. With concerns over fiscal instability and mounting interest payments, the bank forecasts gold could hit $3,000 per ounce by 2025, reinforcing...
Why is Bitcoin price up today?
24.10.2024
Bitcoin price is up today as a recovery in the US job market, strong spot Bitcoin ETF inflows and impressive tech sector earnings data emerge.
The Slow Death of Private Blockchain Tech—R3 Reportedly Explores Sale Despite Big Bank Support
24.10.2024
According to a recent report, R3, the private blockchain initiative backed by several major companies—including Intel, Bank of America, and Wells Fargo—has been looking into various strategic paths, including the possibility of a sale. Sources with knowledge of the situation noted that blockchain...
Norway’s Central Bank on CBDC Progress: We’re Not Falling Behind
24.10.2024
Norway’s central bank is on track to decide by 2025 whether to adopt a central bank digital currency (CBDC), but officials stress there’s no urgency. Despite Norway’s cashless society, with only 2% using cash, the bank is carefully studying both retail and wholesale CBDC options, emphasizing...
Iran Warns BRICS of ‘Big Threat’ From Western Payment Systems, Vows to End Dependence
24.10.2024
Iran has called for BRICS nations to reduce their reliance on Western financial systems, warning of the risks posed by such dependence. Addressing the BRICS summit in Russia, Iran’s president urged the bloc to explore alternative structures and strengthen institutions like the New Development Bank...
Saylor’s comments on big bank BTC custody are ‘batshit insane’ — Buterin
23.10.2024
Saylor appears to be “explicitly arguing for a regulatory capture approach to protecting crypto,” which was not what it is about, said Buterin.
Bitcoin academics slam controversial ECB paper blasting Bitcoin
23.10.2024
The rebuttal critiques several arguments made by the ECB paper’s authors earlier this month that argued Bitcoin's price should be regulated or outright banned.
Chainlink launches private blockchain transactions for institutions
22.10.2024
ANZ Bank will be among the first clients to debut Chainlink’s privacy-preserving tech for tokenized RWA settlement under Singapore’s Project Guardian
Bitcoiners slam Saylor for throwing weight behind ‘too big to fail’ banks
22.10.2024
Bitcoin bull Michael Saylor previously said without Bitcoin self-custody, custodians would accumulate too much power which they could then abuse
South African Bank Blocks Crypto Payments, Faces Industry Backlash
21.10.2024
South African bank Capitec has blocked electronic funds transfers and real-time payments to cryptocurrency exchanges as a security measure. While Capitec acknowledges growing interest in cryptocurrencies, the bank maintains that the measure is necessary to protect clients from fraud. Some industry...
Governments must tax or ban Bitcoin to maintain deficits: Minneapolis Fed
21.10.2024
The Federal Reserve Bank of Minneapolis suggests that a ban or tax on Bitcoin could ensure its ability to run permanent budget deficits
Can BRICS Dethrone World Bank and IMF? Why Cuba Is Betting on Its Growing Dominance
20.10.2024
BRICS is emerging as a potential alternative to the World Bank and International Monetary Fund (IMF), challenging the dominance of Western-led financial institutions, according to Cuba’s Permanent Representative to the United Nations. With major economies like China and Russia among its members...
ECB paper claims older Bitcoin holders are exploiting new holders
19.10.2024
Since its introduction in 1999, the euro has lost approximately 85% of its value against gold due to monetary inflation
Digital Ruble and Sanctions: Expert Analyzes Russia’s Digital Currency Plan to Evade Western Control
19.10.2024
A Fellow at the Carnegie Russia Eurasia Center and former adviser at the Central Bank of Russia has weighed in on the digital ruble, Russia’s central bank digital currency (CBDC), highlighting its potential role in reshaping Russia’s financial landscape amid sanctions. While the digital...
Stablecoins can benefit financial system, Fed governor says
18.10.2024
The United States national debt has crossed $35 trillion, with $500 billion added to the government debt in the last two weeks alone
Stablecoins can benefit financial system, Fed governor says
18.10.2024
The United States national debt has crossed $35 trillion, with $500 billion added to the government debt in the last two weeks alone
Tokenization and Stablecoins Close to Being Regulated in This Latam Giant
18.10.2024
The President of the Central Bank of the Latin American giant announced plans to expedite the regulation of asset tokenization and stablecoins by 2025. The bank will issue a new consultation this month to gather more input on the rules for approving VASPs’ operations in the country. Central...