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Bailouts From Asia to the EU Signal Recession and Potential Crypto Opportunity
19.12.2019
China’s Hengfeng Bank is set to get a $14.2 billion bailout from both Chinese government and foreign investors. An emergency decree has been approved to bail out southern Italy’s biggest lender, Banca Popular di Bari. Germany continues to struggle with bailout pains, as regional bank...
US Fed Official Says 50% of Bitcoin Transactions Associated With Illegal Activity
18.12.2019
A Federal Reserve official supported a study claiming that 25% of Bitcoin users and 50% of transactions are in some way illegal
‘Anonymity Vouchers’ Could Bring Limited Privacy to CBDCs: ECB Report
17.12.2019
Europe's central bankers have developed an "anonymity voucher" to give prospective CBDC users limited privacy in their retail transactions
Private Payment System for Central Bank Digital Currency Possible, Says ECB
17.12.2019
New research from the European central bank claims that a central bank digital currency system that protects user privacy is possible
Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings, NY Streamlines Policy
16.12.2019
In this regulatory roundup, we cover a positive crypto story in India, China’s year-end rankings, and the European Central Bank entering the stablecoin race. We also cover the New York regulator’s proposed Bitlicense revision — the first in five years — and several other...
German Banks Increasingly Charging Retail Clients Negative Interest Rates
16.12.2019
A growing number of banks in Germany are charging retail customers negative interest rates, starting with the very first euro deposited into their accounts. At least three German banks are reportedly doing so, with more expected to follow suit in the near future. As the European Central Bank...
The Country With Europe’s Highest Interest Rate Has Cut It 5 Times This Year
14.12.2019
Around half of European countries, over 20, now have 0% interest rates and a few are already in negative territory. Ukraine, which has the highest benchmark interest rate on the continent, has just reduced it again, for the fifth time this year. The race between central banks to cut rates, when...
Why the ECB Is Getting in on the Stablecoin Game
13.12.2019
Discussing the ECB's recent comments on stable coins, the resurfacing of some prominent 2017 token projects, and a debate: is crypto for criminals?
Lagarde Sees Demand for Stablecoins, Plans to Put ECB ‘Ahead of the Curve’
13.12.2019
At her first press conference as head of the European Central Bank (ECB), Christine Lagarde outlined her plans to lead the ECB “ahead of the curve” in the field of digital currency. “There is clearly a demand out there that we have to respond to,” she said, referring...
ECB President: ‘We Better Be Ahead of Curve’ on Stablecoins
12.12.2019
Christine Lagarde says financial institutions should foresee the demand for stablecoins
ECB Nominee Blames Resistance to Negative Rates on Financial Illiteracy
5.12.2019
European Central Bank (ECB) executive board nominee and member of the German Council of Economic Experts, Isabel Schnabel, recently remarked at a European Parliament hearing that “This scapegoating [of the ECB] is extremely dangerous: it may damage the trust in the euro.” Schnabel...
MARKETS DAILY: Casualties Ahead in the Cryptocurrency Mining Arms Race
5.12.2019
On another down day, we're talking U.S. warnings on digital assets, a brief history of troubled but systemically important stablecoin "Tether", and a look at the arms-race in blockchain mining technology
ECB Official Says Digital Currency Could Be an Alternative to Cash
28.11.2019
A digital currency could ensure that citizens remain able to use central bank money even if cash is eventually no longer used, according to Benoît Cœuré
Banker Who Called Bitcoin ‘Evil Spawn’ Heads BIS Digital Currency Hub
11.11.2019
Benoît Cœuré to start a new role at Bank of International Settlements
Bitcoin ‘Is Not Real,’ Says Former European Central Bank Chief
11.11.2019
European Central Bank’s former president Jean-Claude Trichet said that Bitcoin lacks the characteristics of a currency and is purely speculative
BTC Miners: No More Basement Rigs, Greater Profits to Come
7.11.2019
As Bitcoin firms add to their arsenal, it seems there’s no stopping the BTC mining industry. But is it still profitable in 2019?
European Union to Regulate Stablecoins, Not Issue Its Own: Source
6.11.2019
Contrary to earlier reports, a source tells CoinDesk the EU isn't looking to issue its own digital currency in response to Libra
European Union to Regulate Stablecoins, Not Issue Its Own: Source
6.11.2019
Contrary to earlier reports, a source tells CoinDesk the EU isn't looking to issue its own digital currency in response to Libra
European Union to Regulate Stablecoins, Not Issue Its Own: Source
5.11.2019
Contrary to earlier reports, a source tells CoinDesk the EU isn't looking to issue its own digital currency in response to Libra
ECB President: ’We Should Be Happier to Have a Job Than to Have Our Savings Protected’
1.11.2019
Newly installed European Central Bank President Christine Lagarde made controversial remarks in a recent statement prior to assuming her new role. The former IMF Managing Director implored: “isn’t it true that ultimately we have done the right thing to act in favour of jobs and...