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Russian Banker Predicts End of Dollar Dominance as Global Power Shifts


Russia’s second-largest bank’s chairman has predicted the end of U.S. dollar dominance. He believes that the Chinese yuan will replace the U.S. dollar as the dominant currency. “I think that the time has come when China will gradually remove currency restrictions,” he noted, adding that...

Russia’s Largest Bank to Allow Retail Investors to Trade Digital Assets


Majority state-owned lender Sberbank is preparing to allow Russian citizens to buy and sell digital assets. Private individuals will be provided access to its proprietary blockchain platform as early as this month, a top executive of the bank announced. Sberbank to Open Digital Assets Platform...

De-dollarization: Is it really happening?


In our latest Cointelegraph Report, we analyze the causes leading to the decline of the U.S. dollar as the world reserve currency and its potential implications

As Traditional Banks Step Back, New Players Fill Gap in Crypto Banking


With traditional banks becoming more cautious about servicing the cryptocurrency industry, smaller regional banks and alternative payment service providers are stepping up to fill the gap.  In the US, Customers Bancorp, a Pennsylvania-based lender, has become a popular choice, having launched...

Biggest Bank in Australia to Limit Transfers to Crypto Exchanges


Commonwealth Bank of Australia plans to restrict payments to crypto trading platforms, citing the threat of scams. The measure would deal another blow to digital asset exchanges operating in the country where it has been getting harder to deposit funds for cryptocurrency operations. Crypto Traders...

Today in Crypto: US Court Issues a Summons for Binance's CZ, EU Targets Instagram, YouTube, TikTok & Twitter Over Crypto Ads, Commonwealth Bank of Australia Limits Customers' Ability to Send Money to Crypto Exchanges


Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: US Court Issues a Summons for Binance's CZ, EU Targets Instagram, YouTube, TikTok & Twitter Over Crypto...

Saxo Bank releases its figures for May 2023


Forex volume was at its lowest in March 2023. Now there is a jump, per the report for May 2023. The figure stands at $130.5 billion at a recovery rate of 27%. Monthly volume was at a daily average of $5.7 billion, for a 12% gain. As impressive as it sounds, there is still some …

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