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Propine Acknowledged by the Monetary Authority of Singapore’s Fintech Regulatory Sandbox
8.11.2019
The Monetary Authority of Singapore’s (MAS) FinTech Regulatory Sandbox has acknowledged PROPINE, a Singapore-based startup delivering services for digital securities and sanctioned a conditional license most recently. Propine is the first organization to get conditional approval by...
Hong Kong Monetary Authority (HKMA) Joins Hands With PBoC to Enhance Blockchain Opportunities
7.11.2019
The Hong Kong Monetary Authority (HKMA), the leading financial institution, has broadcasted the news of its strategic collaboration with the People’s Bank of China (PBOC) on its central bank digital currency (CBDC). The two leading banking authorities have entered into the partnership via...
dForce Launches its First Monetary Protocol—USDx
4.11.2019
USDx is a monetary protocol launched by dForce. It is the first monetary protocol, which is decentralized and is a synthetic indexed stablecoin. It is backed by several stablecoins at pre-determined weights, which are adjustable through on-chain governance. Initially, the USDx protocol reserve...
The Big Lie Perpetuated by Central Banks
27.10.2019
The central banking system controls monetary policy within a given jurisdiction, including the creation of money itself. The system is a lie and a denial of reality. The lie is political in motivation and content, and the denial of reality is rooted in culture and philosophy. Also read: Bitcoin...
Mario Draghi Leaves European Central Bank Without Ever Raising Interest Rates
24.10.2019
Preparing for a change at the top, the European Central Bank has decided to keep interest rates on hold and at their all-time lows. Mario Draghi, who had his last monetary policy meeting as president of the ECB, is leaving after an eight-year term during which key rates were never raised. At...
Fed Research Considers Negative Interest Rates Effective Policy Tool
20.10.2019
A research paper published by the Federal Reserve Bank of San Francisco shows how negative interest rates could become an important policy tool for fighting future economic downturns. The paper examines the market response to the introduction of negative interest rates by five major central banks....
Global Crisis Looms as IMF Report Cites Its Own Policy as Dangerous
18.10.2019
In a new report by the International Monetary Fund (IMF) entitled “Global Financial Stability Report: Lower for Longer,” the group gives an overview of the current debt-ridden and precarious state of affairs in global economics. Not lost on some economists, however, is the irony that...
Bitcoin’s Smallest Unit ‘Satoshi’ Added to Oxford English Dictionary
15.10.2019
Oxford University Press published its recent quarterly report which revealed the term ‘satoshi’ was added to the Oxford English Dictionary (OED) database. The word represents the “smallest monetary unit in the Bitcoin digital payment system,” according to the definition....
IMF Has Another Trick Up Its Sleeve When Fiat Fails – Its Own Coin SDR
14.10.2019
Virtually everybody knows what a dollar is, but not as many know about the SDR. The International Monetary Fund’s (IMF) Special Drawing Rights is an international, monetary reserve system created specifically to address limitations of gold and standard fiat currencies such as the USD....
American Banking Giants Sound Off Against Libra as Monetary Threat
3.10.2019
Execs from some of the biggest U.S. banks reportedly told the Federal Reserve that Facebook’s Libra would pose a threat to monetary policies
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...
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...
Waves Transitions to Self-Regulating Monetary System
20.9.2019
Waves moves to a self-regulating monetary system, allowing the community to determine block generation reward size and coin supply
David Marcus, the Head of Facebook’s Libra, Says Libra will not be a threat to Monetary Sovereignty
17.9.2019
David Marcus, Previous PayPal president and the Head of Facebook’s Libra cryptocurrency, has taken to twitter by opposing the idea that the digital currency will make threats against monetary Authority of sovereign countries. 2/ Recently there's been a lot of talk about how Libra could...
At Least 19 Central Banks Give Way to Monetary Easing As Economy Slows
16.9.2019
In a coordinated fashion, more than 18 central banks worldwide have or plan to cut interest rates, sparking a domino effect of monetary easing. It’s been 10 years since the world has seen central planners orchestrate such harmonization in an attempt to save the economy from a deep recession....
Marshallese Sovereign’s Timed Release Monetary Issuance Announced by the Marshall Islands
11.9.2019
After releasing an essay about its national crypto project at the beginning of this month, the RMI (Republic of the Marshall Islands) has now announced the TRMI (Timed Release Monetary Issuance) of its SOV (Marshallese Sovereign). The RMI plans to launch the sovereign with greater visibility before...
Decreasing Faith in Conventional Monetary System to Fuel Gold and Crypto Adoption: Keiser Report
8.9.2019
World over today the system of a monetary system based on fiat currencies is under severe pressure which people increasingly losing faith in the central banks and regulatory authorities. One of the reasons behind this situation is looming economic slowdown which according to many will wipe...
A Crypto Fix for a Broken International Monetary System
2.9.2019
Mark Carney's recent statements about a new digital global currency has opened the door to fresh ideas built on blockchain, Michael J Casey writes
Why the Birth of Bitcoin Can Be Traced Back to 1971
1.9.2019
The world economy is a complex system that has undergone many different phases in the past century. As strange as it may sound today, there have been times when banking crises were rare, pay was rising alongside productivity, and the U.S. dollar would buy a certain amount of pure gold. Despite...