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Nigeria’s Central Bank Raises Benchmark Rate by 50 Basis Points
25.9.2024
The Central Bank of Nigeria (CBN) raised the Monetary Policy Rate (MPR) by 50 basis points to 27.25% and increased the Cash Reserve Ratio (CRR) for banks. These measures aim to combat inflation and stabilize the Nigerian economy. The CBN governor, Olayemi Cardoso, stated that the reforms...
Zimbabwe’s Central Bank to Shield Gold-Backed Currency From Market Volatility
24.9.2024
Zimbabwe’s central bank governor, John Mushayavanhu, has stated that the bank might use its foreign currency reserves to protect the Zimbabwe Gold (zig) from severe market disruptions. He also pledged to maintain a tight monetary policy to ensure stable inflation and exchange rates. The...
Bitcoin price target rises to $78K after Chinese stimulus package
24.9.2024
Bitcoin rallied strongly after the previous two stimulus package announcements by the People's Bank of China
Ireland eyes MiCA guardrails to democratize finance with crypto
24.9.2024
Ireland Central Bank leads calls to democratize finance and boost financial inclusivity through the implementation of the EU's MiCA regulations, highlighting the country’s priorities
Central Reserve Bank: Only 1.1% of Remittances Involve Cryptocurrency in El Salvador
24.9.2024
The adoption of cryptocurrency, especially Bitcoin, for remittances has failed to surge in El Salvador, even with the support of President Nayib Bukele’s administration. According to data provided by the Central Reserve Bank, only 1.1% of all remittances sent to the country from January...
Bank of Canada Redirects Efforts Away From Retail CBDC
23.9.2024
The Bank of Canada has announced a strategic shift away from developing a retail Central Bank Digital Currency (CBDC) to focus on broader payments system research and policy development. This decision follows a public consultation in 2023, which revealed significant privacy concerns among...
Lynette Zang: Hyperinflation Looms as US Dollar’s Purchasing Power Dwindles
22.9.2024
Lynette Zang, CEO of Zang Enterprises, asserts that hyperinflation is already underway, predicting a further decline in the U.S. dollar’s value. According to Zang’s recent interview with Kitco, the current financial trends indicate that the dollar’s purchasing power will reach zero, leading to...
Bank of Korea to Launch CBDC Payment Trial in Supermarkets
22.9.2024
South Korea’s central bank, the Bank of Korea, will soon allow participants to use digital tokens for payments at supermarkets and convenience stores in a central bank digital currency (CBDC) trial. Starting in December, 100,000 participants will be part of this test. Retail partnerships...
IMF staff propose REDI framework to catalyze CBDC adoption
22.9.2024
IMF staff members introduced a high-level four stage framework, emphasizing regulation, education, design, and incentives to enhance CBDC adoption
Bitcoin is pinned below $65K but several market structure-altering factors are at play
22.9.2024
Bitcoin must overcome resistance in the $64,000 to $66,000 zone before a new set of growth catalysts initiate the path to six-figure BTC price territory
AI may lead to inflationary pressures: Bank of Canada
21.9.2024
According to the Bank of Canada’s Governor Tiff Macklem, central banks need to be closely attuned to how AI is affecting inflation, both indirectly through overall demand and supply and directly through price-setting behavior
Bank of Canada just says no to retail CBDC in reshuffling of priorities
20.9.2024
Regulating and speeding up payments without a CBDC are more important to the Canadian central bank
Bank of Canada just says no to retail CBDC in reshuffling of priorities
20.9.2024
Regulating and speeding up payments without a CBDC are more important to the Canadian central bank
Crypto.com gains payment service license from Bahrain central bank
20.9.2024
Singapore-based cryptocurrency Crypto.com is reinforcing its regional presence with a Bahraini license following on approval in Dubai
Crypto.com gains payment service license from Bahrain central bank
20.9.2024
Singapore-based cryptocurrency Crypto.com is reinforcing its regional presence with a Bahraini license following its approval in Dubai
Bitcoin to hit $200K by end of 2025 regardless of election — bank exec
20.9.2024
The 2024 election is projected to be a tight race on the granular local level, but this shouldn't matter for the long-term price of BTC.
Bitcoin to hit $200K by end of 2025 regardless of election — Bank exec
20.9.2024
The 2024 election is projected to be a tight race on the granular local level, but this shouldn’t matter for the long-term price of BTC.
Bank of Japan Keeps Interest Rates Unchanged Unlike Fed & HK
20.9.2024
The US Federal Reserve announced interest cut rates by 50 bps, and Hong Kong slashed rates by 0.5%…
US ‘far behind’ on crypto, election no quick fix: Ripple APAC boss
20.9.2024
The United States is lagging behind crypto-friendly regions like Singapore and the UAE, but there’s still a chance it can catch up, says Ripple APAC MD Fiona Murray
Boerse Stuttgart Digital, DZ Bank Expand Crypto Access to 700 German Banks
20.9.2024
Boerse Stuttgart Digital is collaborating with DZ Bank to bring secure cryptocurrency trading and storage to over 700 cooperative banks across Germany. The move marks a significant step toward mainstream crypto adoption in Europe, with banks now offering regulated crypto services to retail...