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Dollar Stabilizes While Traders Await Central Banks Guidance
26.10.2021
Tuesday witnessed the US Dollar regaining the 1.67% it lost recently. Investors are on edge with central bank meetings, and data releases indicate new information on the rates. Meanwhile, the Euro dipped 0.3% as experts forecast the ECB’s dovish tendencies in the next meeting. As a result,...
Colombian Government Might Take Unused Funds From Bank Accounts Inactive for a Year
26.10.2021
The budget law for the next year, which was recently approved by the Colombian representative’s chamber, includes a controversial article that allows the state to confiscate a bank customer’s funds to be used for budgetary purposes. Under certain circumstances defined by the...
Mastercard to Enable Merchants on Its Network to Offer Crypto Products and Services
26.10.2021
Payments giant Mastercard has partnered with a cryptocurrency exchange to allow its partners and merchants in the U.S. to offer crypto solutions, including the buying, selling, and holding of cryptocurrencies. “We want to offer all of our partners the ability to more easily add crypto...
Mastercard plans to allow US partners to offer crypto loyalty rewards
25.10.2021
Millions of loyalty rewards program users who may have never had any knowledge or use of cryptocurrencies could soon have some exposure
Nigerian president to unveil eNaira central bank digital currency
25.10.2021
The Nigerian central bank digital currency was originally slated for launch earlier this month but was delayed
Report: Leading South African Bank Sends Account Termination Notices to Crypto Arbitrage Traders
23.10.2021
One of South Africa’s biggest banks, Standard Bank, has reportedly sent account termination notices to clients that offer automated cryptocurrency arbitrage services. Bank’s Criteria Questioned This move, according to a Mybroadband report, has sent shockwaves through...
“How Crypto Lending & Credit Aim to Kill Banks,” Industry Heavyweights to Discuss at LA Blockchain Summit
22.10.2021
Yahoo Finance’s Zack Guzman to dive deep into this hot topic with Aave, Celsius, ABRA, PrimeDAO, and Tezos Finance. LOS ANGELES, CA, October 20, 2021 – Draper Goren Holm, early-stage blockchain venture capital fund and producers of the world’s largest blockchain and cryptocurrency...
Spanish Banks Interested in Offering Crypto Assets to Their Customers
22.10.2021
Spanish banks are preparing for the possibility of offering crypto assets directly to their customers. According to new regulations, the Bank of Spain must formulate a list of virtual asset service providers and custody companies. However, these institutions are still not sure if they must apply...
$2.2 Trillion Asset Manager Pimco Looking to Trade Cryptocurrencies, CIO Says
22.10.2021
Pimco, an asset manager with $2.2 trillion under management, is looking to start trading cryptocurrencies. “We’re trading from a relative value perspective,” the firm’s chief investment officer said. Pimco’s clients include central banks, sovereign wealth funds...
French Central Bank's Blockchain Bond Trial BringsFirst Results
19.10.2021
French central bank Banque de France has disclosed the results of its experimental program to use central bank digital currency (CBDC) to exchange and settle tokenised government bonds, potentially paving the way for the technology’s rollout in the country’s debt market....
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French central bank pilots blockchain-based CBDC for debt market
19.10.2021
Led by Belgian financial services firm Euroclear, the latest French CBDC trial involved a system by tech giant IBM
The ‘Holding Billionaires Accountable’ Lie — Media, Big Tech Fact Checkers Mischaracterize Angst Toward Biden’s Tax Proposal
17.10.2021
U.S. citizens and financial institutions are concerned about the Biden administration’s goals to get banks to report to the Internal Revenue Service (IRS) aggregate inflows from a customer’s bank account annually that exceed $600. Mainstream media is reporting and Big Tech’s...
Salvadoran President Nayib Bukele Taunts Economist Steve Hanke After Bitcoin’s Price Skyrockets
17.10.2021
On October 15, the day bitcoin’s price surpassed the $60K per unit handle, Salvadoran president Nayib Bukele taunted the professor of applied economics at Johns Hopkins University, Steve Hanke, over his recent statements. At the time, the well known economist warned that El Salvador faces...
Bank of Russia to assess Bitcoin holdings volumes as $36M leave banks
15.10.2021
The Bank of Russia remains skeptical on crypto despite the Russian president viewing it as a potential unit of account
G7 Finance Ministers and Bankers Adopt Guidelines for Central Bank Digital Currencies
15.10.2021
Any digital currency issued by a central bank must support financial and monetary stability, finance leaders from G7 member states have insisted. State-issued coins should also ensure privacy, transparency, and data protection, the officials stated. The forum adopted 13 public policy principles...
Four Steps Banks Need To Take To Prepare For Crypto, CBDC Disruption
15.10.2021
The world’s banks should brace themselves for the new era of decentralized finance (DeFi) by preparing the necessary technology to maintain and exchange cryptoassets and central bank digital currencies (CBDCs), according to a recent report by blockchain company Cypherium and the Boston Consulting...
Where Banks, Financial Institutions, Fintechs & Startups Meet
14.10.2021
The coronavirus pandemic has changed everything, from the way we live and work to the way we consume and get basic services. Financial services will never look the same again. In this new reality, financial services companies will have to accelerate the development of their digital services...
G7 leaders issue central bank digital currency guidelines
14.10.2021
Financial leaders from the G7 agree that CBDCs would complement cash and should not be detrimental to the monetary system
IMF Warns of Higher Inflation, But Central Banks Shouldn’t Tighten Yet
12.10.2021
said today. According to their new report, central banks around the world should “generally look through” the currently elevated inflation numbers, and not tighten monetary policy “until there is more clarity on the underlying price dynamics.”The recommendation from the organ
IMF Head Says Central Bank Digital Currencies Are Reliable, Hard to Think of Bitcoin as Money
6.10.2021
Digital currencies backed by central banks are the most reliable form of digital money, according to IMF managing director Kristalina Georgieva. At the same time, to think of cryptocurrencies such as bitcoin as money is difficult, believes the chief executive of the international financial...