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Bank of Kyrgyzstan Issues Warning About Cryptocurrencies, Crypto Payments
16.6.2022
Amid the growing popularity of cryptocurrencies in Kyrgyzstan, the country’s central bank has reminded citizens about the risks associated with the digital assets. The monetary authority also warned that crypto payments are illegal in the Kyrgyz Republic. National Bank of Kyrgyzstan Urges...
Atlantic Council looks at how to maintain central bank digital currency cybersecurity
15.6.2022
The thinktank looked at the interplay of performance, security and privacy in possible CBDC designs and made recommendations for optimizing it
US Central Bank Hikes Benchmark Rate by 75 bps, Fed’s Largest Increase Since 1994
15.6.2022
The U.S. Federal Reserve raised the federal funds rate by 75 basis points (bps) on Wednesday, and it was the largest increase since 1994. According to the Fed member’s expectations, the central bank will likely add another 1.5 percentage points by the year’s end. Fed Hikes Rate by...
Fed Raises Rates by 75 Basis Points
15.6.2022
On Wednesday, the US Federal Reserve (Fed) raised rates by 75 basis points, in line with most analysts’ forecasts. (This is a developing story and is being constantly updated.)
“[…] the Committee decided to raise the target range for the federal funds rate to 1‑1/2 to 1-3/4 percent...
The crypto industry must do more to promote encryption, says Meltem Demirors
15.6.2022
Meltem Demirors sat down with Cointelegraph to express why the industry needs to focus on privacy and freedom when it comes to regulations
Bank of Canada’s Official: Crypto Needs Regulation Before It Becomes ‘a Lot Larger’
15.6.2022
Bank of Canada’s senior deputy governor says the central bank does not want to wait until crypto “gets a lot larger” before it brings regulatory controls in place. “This is an area that is still small, but it’s growing really rapidly,” the official said....
Report: Kenyan and Nigerian Central Bankers Attack Cryptocurrencies but Endorse CBDCs
13.6.2022
Cryptocurrencies are very unstable for them to become a widely used method of payment, the Nigerian and Kenyan central bankers have reportedly said. In addition, the bankers claim that cryptocurrencies also pose a risk to financial stability. Narrowing the Financial Exclusion Gap The Nigerian...
Indian Government’s Chief Economic Adviser Warns of Danger in Crypto, Defi Without Regulation
12.6.2022
The Indian government’s chief economic adviser has warned about innovations like crypto and decentralized finance (defi) in the absence of regulation. “We may not be fully aware or comprehend the kind of forces we are unleashing ourselves,” he opined. Indian Government’s...
Bitcoin and banking’s differing energy narratives are a matter of perspective
11.6.2022
Bitcoin mining’s climate impact has been heavily criticized, but the emissions of corporate cash and investments have often flown under the radar
Swedish Central bankers snipe Bitcoin mining, cite rampant energy use
10.6.2022
A report by the Riksbank makes the case for banning Bitcoin mining in Sweden over proof-of-work energy consumption concerns; Bitcoin Twitter was quick to react
13% of Surveyed Canadians Owned Bitcoin in 2021, Up from 5% in 2020 – Bank of Canada
10.6.2022
The share of the Canadian population that owned bitcoin (BTC) reached 13% in 2021, up from just 5% a year earlier, a new report from the Bank of Canada has revealed.
According to the report, the notable increase in bitcoin ownership last year reflects easier access to the cryptocurrency through...
New Law Will Ban Crypto Pay in Russia (Again) as Miners Struggle to Convince Central Bank to Legalize Industry
9.6.2022
Crypto advocates are still facing an uphill struggle in Russia – where MPs are expected to vote in favor of a proposal that will ban the use of “monetary surrogates” as a form of payment. And it appears that crypto miners are yet to persuade the influential Central Bank Governor Elvira...
American Economists Are Baffled by an ‘Unusual Situation’ as Russia’s Ruble Is the World’s Best Performing Fiat Currency
9.6.2022
Two months after the Russian ruble fell below a U.S. penny, the transcontinental country’s fiat currency is the best performing currency worldwide. American economists are baffled by the “unusual situation” because a country facing stiff sanctions typically sees its fiat...
Kazakhstan Central Bank Exploring ‘Opportunities in Crypto, DeFi ‘Innovation’
8.6.2022
Kazakhstan’s central National Bank has stated that it is “interested in” the “opportunities for innovation” that cryptoassets and DeFi can “give” the government.
Per Tengrinews, the Governor of the National Bank Galymzhan Pirmatov told journalists at a press conference, that Kazakhstan wanted...
Bitcoin Mining Difficulty Ticks Up, Solana's USD 100M Bet, NFT Ticketing + More News
8.6.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Bitcoin Mining Difficulty Ticks Up, Solana's USD 100M Bet, NFT Ticketing + More News
US central bank digital currency commenters divided on benefits, unified in confusion
8.6.2022
Like a Rorschach ink blot, the Federal Reserve Board’s CBDC discussion paper provided stakeholders with an opportunity to find what they wanted to see in it
Ethiopian Central Bank Urges Residents to Stop Engaging in Crypto Transactions
8.6.2022
The National Bank of Ethiopia (NBE) has said it does not recognize cryptocurrencies as a legitimate method of payment and that residents must avoid using them. The bank insists the local birr currency is the only lawful means of settling transactions in Ethiopia. Illegal Transactions The Ethiopian...
Digital Real Will Be Used by Banks in Brazil as Collateral to Issue Their Own Stablecoins
7.6.2022
The Brazilian central bank digital currency (CBDC), the digital real, will be more of a wholesale asset instead of a public retail-focused token, according to statements from the president of the Central Bank of Brazil, Roberto Campos Neto. Campos Neto indicated that private banks in the country...
USD 100M Cronos Accelerator, Citadel Mulls Crypto ETFs, USD 6M Bug Bounty + More News
7.6.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: USD 100M Cronos Accelerator, Citadel Mulls Crypto ETFs, USD 6M Bug Bounty + More News
Russia Edges Closer to Crypto Regulation as Ruling Party, Energy Ministry Push for Legislation
7.6.2022
Crypto regulation is likely to come sooner rather than later in Russia, leading politicians hope – with the ruling United Russia party throwing its weight behind legislative proposals and the Ministry of Energy voicing its support for crypto mining....
Read More: Russia Edges Closer to Crypto...