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Bitcoin price jumps in the wake of First Republic Bank crash
26.4.2023
The price of Bitcoin has bounced upwards as First Republic Bank deposit slump sparks fresh banking crisis fears in the United States
ECB President Lagarde on De-Dollarization: Reserve Currency Status Should No Longer Be Taken for Granted
26.4.2023
European Central Bank (ECB) President Christine Lagarde has warned that the U.S. dollar’s reserve currency status “should no longer be taken for granted.” Acknowledging de-dollarization efforts by various countries, she stressed: “New trade patterns may have ramifications...
Central Banks Reduce US Dollar Swap Lines to Weekly Auctions Amid Moody’s US Banking Sector Downgrade
25.4.2023
After the tumultuous downfall of three major banks, namely Silvergate Bank, Silicon Valley Bank, and Signature Bank, several central banks made a collaborative announcement of a swift, coordinated emergency response. The intervention aimed to furnish U.S. dollar liquidity, with the intention...
Former Signature Bank Crypto Payments Chief, 4 of His Team Join Fortress Trust
25.4.2023
Joseph Seibert, formerly head of its digital assets at Signature Bank, has brought over part of his risk and compliance team and a blockchain payments specialist
European Central Bank: Digital Euro to Offer 'Maximum Privacy,' Though Not as Much as Cash
25.4.2023
A new central bank digital currency (CBDC) in Europe would be designed with privacy in mind, although it would never be as private as cash is, according to a European Central Bank (ECB) official.
Speaking before the European Parliament’s Committee on Economic and Monetary Affairs on Monday,...
Twitch Streamer Immediately Denied From Bank After After Accidentally Applying As An ‘Adult Entertainer’
25.4.2023
United Kingdom-based variety streamer Poopernoodle, or Lou, wasn’t exactly sure whether or not being a human adult with a Twitch channel qualified her as an “online adult entertainer” until she described herself as such on a bank application and was swiftly denied. Read more
Ugandan High Court Rules to Uphold Central Bank’s Crypto Prohibition
25.4.2023
A Judge of a High Court in Uganda recently dismissed an application which sought to quash a Bank of Uganda directive that barred licensed entities and individuals from facilitating crypto transactions. In his ruling, Justice Musa Ssekaana insisted that the central bank’s crypto prohibition...
China Pushes Digital Yuan for Wage Payments in Changshu
25.4.2023
Changshu, a city in China with more than 1.5 million inhabitants, will pay public workers’ wages with the Chinese central bank digital currency (CBDC), the digital yuan. The move marks an acceleration of the adoption plans that Beijing has for the digital currency, which has been included...
Report: Zimbabwe’s Central Bank Says Upcoming Gold-Backed Digital Currency to Help Reduce Demand for US Dollar
25.4.2023
The governor of the Zimbabwean central bank, John Mangudya, recently revealed that his institution is planning to introduce a gold-backed digital currency. According to the governor, the soon-to-be-introduced gold-backed digital currency is expected to help diminish local residents’ demand...
Indonesia Is Following BRICS De-Dollarization Lead, Says Central Bank Governor
25.4.2023
Indonesia is following the BRICS’ lead in de-dollarization and shifting away from the U.S. dollar in trade settlements and financial transactions, according to the country’s central bank governor. The BRICS nations are working on creating a common currency to reduce their USD reliance....
Standard Chartered Bank: Crypto Winter Is Over — Bitcoin Could Reach $100K Next Year
25.4.2023
Standard Chartered says crypto winter has ended and the price of bitcoin could reach $100K per coin by the end of next year. The global bank’s analyst has identified several factors contributing to the surge in the price of the cryptocurrency, including the recent turmoil in the banking...
Stablecoins must be programmable to counter CBDCs
25.4.2023
Decentralization enables programmability — and that allows stablecoins to wield a key advantage over central bank digital currencies
Today in Crypto: Standard Chartered Says BTC Could Hit $100K by 2025, Bank of Korea Allowed to Investigate Crypto Business Operators, US Judge Orders Hydrogen to Pay $2.8M in Penalties
24.4.2023
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: Standard Chartered Says BTC Could Hit $100K by 2025, Bank of Korea Allowed to Investigate Crypto Business...
Bitcoin Price May Hit $100K by Year End, Standard Chartered Bank Says
24.4.2023
The report noted that the crypto winter is finally over and bitcoin halving is set to be a positive catalyst for the price
China to expand CBDC use case for Belt and Road Initiative
24.4.2023
China was one of the first nations to start working on its CBDCs. However, despite the completion of its development, the government is yet to officially launch the CBDC
The day the last withdrawal is locked
24.4.2023
One day, you will probably tell your grandchildren about the Wild West days of cryptocurrency
Russia to Increase Reliance on National Currencies in Energy Trade, Vows to Move Away From the US Dollar
24.4.2023
Russia will increase its reliance on national currencies to settle payments for its energy resources, moving away from the US dollar, according to Russian Deputy Prime Minister Alexander Novak. Novak noted there is a great interest in acquiring Russian energy resources, leading Russia to accept...
Zimbabwe's Central Bank Plans Gold-Backed Digital Currency to Stabilize Local Economy
24.4.2023
The central Reserve Bank of Zimbabwe (RBZ) plans to introduce a gold-back digital currency, meant to be used as legal ledger within the country.
The new currency will be used for transactions within the South African nation as part of its plans to stabilize the local currency, The Sunday Mail...
US Treasury seeks to tighten nonbank rules following banking crisis
24.4.2023
Janet Yellen called for further regulation of nonbank institutions claiming they pose a systemic risk to U.S. financial stability
Bank of Korea given right to investigate local crypto firms: Report
24.4.2023
The South Korean central bank will be able to access crypto transaction data from exchanges operating in the country