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Republicans Seek to Repeal Biden’s Inflation Reduction Act in Exchange for Raising US Debt Limit
23.4.2023
There has been a lot of commentary concerning the U.S. raising its debt limit, as Treasury secretary Janet Yellen said last month that a U.S. default would be “devastating,” and European Central Bank president Christine Lagarde warned it would be a “major disaster” if...
Zimbabwe's central bank to issue gold-backed digital currency: Report
23.4.2023
The Reserve Bank of Zimbabwe plans to introduce a gold-backed digital currency as legal tender in a bid to stabilize its local currency
Jeffrey Tucker Says Dollar Will Be Dethroned, Russian Official Speaks on De-Dollarization, and a Look at Historic Fractional Reserve Banking in Italy — Week in Review
23.4.2023
Bitcoin proponents eyeing fiat failures are in no shortage of news on the topic as of late, as multiple officials, economists, authors, and analysts from around the world have been weighing in on “de-dollarization” in a prolific fashion. Author and libertarian Jeffrey Tucker said...
Russia to Work With Digital Currencies of Other Nations
23.4.2023
The platform developed for the digital ruble will be able to operate with different state-issued digital currencies, the Bank of Russia said. Mechanisms for interaction with digital coins minted by the central banks of other countries are already under development, the monetary authority unveiled....
BRICS Bank ‘Re-taps Into USD Bond Market’ With $1.25 Billion ‘Green’ Bonds
22.4.2023
The development bank established by the BRICS group of nations has issued its first “green” bonds in U.S. dollars (USD). Proceeds from the placement will be used to fund “green” projects supported under the banking institution’s sustainable financing policy. BRICS Development Bank Launches 3-year...
Report: Korean Central Bank to Gain Right to Probe Virtual Asset Entities After Financial Regulator Drops Opposition
22.4.2023
The South Korean central bank is set to be granted the right to investigate virtual assets after the Financial Services Commission (FSC) dropped its opposition to the move. According to a report, the FSC dropped its opposition to the central bank’s bid after it was accused of seeking to make...
Global Reserves Held in US Dollars Fell to Less Than 50% — Official States It Has Become a ‘Toxic’ Currency
22.4.2023
The percentage of reserves held in U.S. dollars by central banks has fallen to less than half of the global total of reserves, according to a note from Eurizon SLJ Asset Management. The note states that the recent sanctions enacted by the U.S. against the Bank of Russia have eroded trust in...
Bank of Russia Has Stockpiled Reserve Comprised of Non-US Sanctioned Assets, Governor States
21.4.2023
Elvira Nabiullina, governor of the Bank of Russia, has affirmed the bank has stockpiled reserves in assets that are not susceptible to being affected by U.S. sanctions. The official clarified that Russia has built a “safety cushion” in these assets while it continues working on creating...
Metropolitan Commercial Bank Is Almost Done Exiting Crypto Business
20.4.2023
Metropolitan Commercial Bank is close to done with its exit from the cryptocurrency market with only $278.5 million in crypto-related deposits left, according to a filing with the Securities and Exchange Commission (SEC) from April 18
Foreign trade and pensions: What’s next for Russia’s CBDC project?
20.4.2023
The Russian digital ruble pilot launch was delayed until at least May, but the government still hopes to kick off the currency in 2024
Staking Provider P2P.org Raises $23M From Big-Name Investors to Drive Institutional Offering
20.4.2023
The investment comes from Web3 investor Jump Crypto, crypto exchange Bybit and digital asset bank Sygnum
Multiple Silvergate lawsuits over alleged FTX ties combined by judge
20.4.2023
Plaintiffs seeking damages from Silvergate’s collapse have joined forces with their respective lawsuits
Bank of Russia to set up entities for crypto mining and cross-border settlement: Report
19.4.2023
Russia's central bank plans to create new institutions to mine crypto assets and settle international payments
Russia Plans to Mine Crypto for Cross-Border Deals, Says Central Bank
19.4.2023
Bank of Russia is planning to allow mining and using cryptocurrencies for cross-border trade, the regulator said
Gold Slides on Higher US Treasury Yields, Dollar
19.4.2023
Prices of gold, and other precious metals, fell on Wednesday due to stronger U.S. yields and national currency. The decline comes on the backdrop of expectations of new interest rate increases next month amid persistent inflation in the United States and elsewhere. Gold and Silver Slip as Investors...
Belarus to decide on issuing CBDC by year's end: National bank chair
19.4.2023
Chairman of the Belarusian national bank Pavel Kallaur said a decision on a CBDC would be made “at the level of head of state” after consultations
Today in Crypto: Intel Discontinues Bitcoin Mining Chips Production, a16z Crypto Teases a New Launch, LUKSO's Genesis Validator Deposit Smart Contract Going Live on Thursday
19.4.2023
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: Intel Discontinues Bitcoin Mining Chips Production, a16z Crypto Teases a New Launch, LUKSO's Genesis...
Prosecutors Seek Seven-Year Prison Sentence for Reggie Fowler in Crypto Shadow Bank Case
19.4.2023
The former footballer pleaded guilty to bank and wire fraud charges over operating Crypto Capital Corp., the shadow bank that lost Bitfinex's millions
Russia Developing Payment Gateways With Partners Like Turkey, Mulling Crypto Settlements
19.4.2023
Bank of Russia is building a system of gateways with foreign payment networks and is now working with Turkey in this field. Russia’s monetary authority would also allow the experimental use of cryptocurrencies in foreign economic activities, its head was quoted as saying. Russia’s Central Bank...
BIS, Bank of England concludes blockchain int’l settlements pilot
19.4.2023
The insights of Project Meridian would be used by the Bank of England in its Real-Time Gross Settlement (RTGS) system