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Digital Euro Holding Limit: Debate Continues

26.6.2024
The president of Germany’s central bank has highlighted the ongoing debate about the holding limit for the digital euro, Europe’s central bank digital currency (CBDC). He noted that recent Bundesbank research indicates that the optimal amount could be in the range of 1,500 to 2,500...

Big banks rush in to test ECB’s wholesale distributed ledger tech

24.6.2024
The new participants in the European Central Bank’s DLT tests include major financial institutions

Federal Watchdogs Flag 4 Major US Banks for Lack of Crisis Management; Demand Living Will Revisions

22.6.2024
Federal authorities have spotlighted critical deficiencies in the crisis management strategies—known as “living wills”—of four major U.S. banks, signaling a push for stronger safeguards against financial turmoil. The Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve...

Arthur Hayes: Japanese Banks in Crisis Over Dollar-Yen Carry Trade Failures

21.6.2024
Japanese banks, once secure in their financial strategies, are now facing severe challenges due to shifts in global monetary policies, as outlined by Bitmex co-founder Arthur Hayes in his latest blog post. These institutions are caught in a cycle of low yields and high hedging costs, which...

Central Banks Plan Increased Gold Reserves Amid Global Uncertainty: 2024 World Gold Council Survey

20.6.2024
The World Gold Council’s 2024 survey reveals that central banks plan to increase gold reserves amid geopolitical and financial uncertainties. Over 80% of respondents expect global bullion holdings to rise, and 29% of central banks plan to boost their own reserves. Motivations include...

Iran to launch public CBDC pilot in June

19.6.2024
Unlike other types of electronic money in Iran, the digital rial doesn’t require interbank settlement to transfer funds between the buyer and the seller

National Australia Bank’s Venture Arm Invests in Crypto-Focused Zodia Custody

19.6.2024
NAB Ventures made an undisclosed investment in Zodia Custody, which is also backed by Standard Chartered, Northern Trust and SBI Holdings

Salvadoran Government Introduces Bitcoin Banking Law Reform

16.6.2024
The Salvadoran government has presented an initiative to accelerate the inclusion of Bitcoin and other cryptocurrencies in its investment banking sector. The banking law reform introduced to the National Assembly would allow private investors to constitute banks that can provide services in Bitcoin...

JPMorgan Chase Captures 18% of US Bank Profits, Highlighting Growing Market Dominance

16.6.2024
A report has found that JPMorgan Chase Bank accounted for a substantial 18% share, or $11.7 billion, of the total $64.2 billion net income reported by all FDIC-insured banks for the first quarter of 2024. This data, highlighted by financial reporters Pam Martens and Russ Martens from...

BIS Survey: 94% of Central Banks Exploring Digital Currency

15.6.2024
The latest Bank for International Settlements (BIS) survey reveals that 94% of central banks are exploring central bank digital currencies (CBDCs). There has been a notable increase in wholesale CBDC experiments, especially in advanced economies. Central banks are examining various factors...

More Central Banks Are Exploring a CBDC, BIS Survey Finds

14.6.2024
There's a greater chance of a wholesale CBDC being issued within six years than a retail one, according to the report

Should Banks Be Crime Fighters? The Hidden (and Not So Hidden) Costs

12.6.2024
Pointlessly onerous anti-money laundering rules lead to debanking of individuals and even entire regions, just as “financial inclusion” is thrown around as a social objective. We need a viable alternative, says Noelle Acheson

Stablecoin act gives Congress alternative to overriding Biden’s SAB 121 veto

12.6.2024
President Joe Biden’s veto of the SAB 121 repeal was a blow for the crypto community. Can the U.S. Congress override the veto with broad bipartisan support?

Australia’s peak crypto lobby group drops ‘blockchain’ from name

11.6.2024
Blockchain Australia is now the Digital Economic Council of Australia (DECA) with a membership category for banks, most of which have blocked crypto exchanges

6 US Banks Face Moody’s Downgrade

10.6.2024
Moody’s has initiated a review for potential downgrades of six U.S. regional banks due to their considerable exposure to commercial real estate (CRE) loans. Moody’s Corporation, established in 1909 and recognized as one of the “Big Three” credit rating agencies along with...

Bitmex Founder Arthur Hayes Advises to ‘Go Long on Bitcoin’ as G7 Central Banks May Slash Rates

8.6.2024
Arthur Hayes, the founder and former CEO of Bitmex, recently shared his insights on the future of global financial markets in a blog post. Hayes delves into the impact of central bank policies on the global economy, emphasizing the role of interest rates and inflation targets. Bitmex...

Central Banks Boost Gold Reserves by 33 Tonnes in April

8.6.2024
Global gold reserves rose by 33 tonnes in April, according to the World Gold Council. The Central Bank of Turkey was at the forefront, increasing its holdings by 8 tonnes. This addition marks 11 consecutive months of purchases, bringing the central bank’s year-to-date acquisitions to...