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Russia to Launch Digital Ruble Transactions With Real Users in August
27.7.2023
Banks taking part in the digital ruble pilot will begin testing transactions with actual clients in mid-August, according to a top executive of one of the financial institutions. The trials are set to start weeks after Russia adopted dedicated legislation for the introduction of its new digital...
Canada proposes new capital rules for crypto holdings
26.7.2023
The Office of the Superintendent of Financial Institutions (OSFI) is opening public consultations on two draft guidelines updating its capital and liquidity approach to crypto assets
Existential threat? Why some banks are anxious about CBDCs
26.7.2023
The prospect of a retail CBDC has some major banks anxious over their revenue streams
Welcome to the era of blocks and mortar: Learning from the past
26.7.2023
So, the era of blocks and mortar is upon us. Grab your popcorn, because this is about to get really exciting
PacWest stock flash crash recovers after rescue merger with Banc of Cali
26.7.2023
PacWest shares crashed 27% before recovering on a rescue acquisition by the smaller Banc of California
UK banks risk losing licenses for debanking customers over political views
21.7.2023
The British government may impose tighter freedom of speech protections on banking permits following a public dispute between Nigel Farage and Coutts bank
Deltec Bank's Funds Seized by U.S. Secret Service in Money Laundering and Fraud Probe
19.7.2023
The U.S. Secret Service seized multiple corporate accounts last month controlled by Deltec Bank, a Bahamian bank with ties to crypto-related firms.
New documents unsealed in a federal court on Monday reveal that the secret service seized several U.S bank accounts controlled by Deltec last month. ...
Russian CBDC by 2025? What’s happening with the digital ruble
19.7.2023
2025–2027 might still seem far away, but the Central Bank of Russia is preparing its CBDC for mass adoption by then
Societe General’s subsidiary becomes the first fully licensed crypto provider in France
19.7.2023
Forge will have a right not only to custody the digital assets but also to purchase and sell them for legal tender, as well as to trade against each other
Another Big 4 Australian Bank Blocks Payments to ‘High-Risk’ Crypto Exchanges
19.7.2023
National Australia Bank (NAB) has joined other major lenders in the country in blocking payments to some cryptocurrency exchanges. The banking institution said it’s introducing new customer protections regarding financial transactions with certain scam-related crypto platforms. Australia’s NAB Bank...
Crypto Catalysts: Investors to Weigh Jobs, Retail Sales, Production Data for Latest Inflation Signals
17.7.2023
The jobs market remains strong, a concern for the U.S. central bank which seems intent on raising the Federal Funds rate 25 basis points
Ripple CLO says court ruling could encourage banks to adopt XRP: Report
17.7.2023
A July 13 court ruling in Ripple’s legal battle with the SEC suggested XRP may not necessarily be a security, a decision which has already made significant waves in the space
National Australia Bank joins crypto exchange boycott, cites ‘scams’
17.7.2023
National Australia Bank is the latest bank to announce blocks on certain cryptocurrency exchanges, citing the high risk of scams
Bank of America Faces Scrutiny After Coinbase User Alleges the Bank Closed His Account Over Bitcoin Transactions
15.7.2023
Bank of America has come under scrutiny after a Coinbase user claimed that the bank closed his account over Bitcoin transactions. Coinbase CEO Brian Armstrong quickly addressed the issue, asking other users if they have encountered the same problem with Bank of America. Coinbase’s CEO Raises...
The Best And Worst Witcher Season 3 Looks
13.7.2023
When the first season of Netflix’s adaptation of The Witcher aired back in 2019, there was some highly suspect hair and makeup. The contacts were unnerving, Henry Cavill’s Geralt wig was often a travesty (Jacqui Rathore, who was in charge of styling the wig, reportedly had nightmares about it),...
Central Banks Controlling Money Is Not Democracy, Balaji Srinivasan Says
12.7.2023
If central banks control all uses of money, this is not democracy, Coinbase’s ex-tech chief Balaji Srinivasan is convinced. The entrepreneur commented on statements by the head of the Bank of International Settlements during an IMF meeting devoted to cross-border payments. Balaji Srinivasan Speaks...
BIS Survey: 93% of the World’s Central Banks Are Engaged in CBDC Work
12.7.2023
The Bank for International Settlements (BIS), an organization that seeks to support the international cooperation of the world’s central banks, has released the results of its 2022 survey on central bank digital currencies (CBDC) and crypto. The survey found that 93% of the 86 banks surveyed...
Economist Peter Schiff Warns All Banks Will Fail, People Will Suffer Massive Losses as Banking Crisis Unfolds
12.7.2023
Economist Peter Schiff has warned that all banks will fail and anyone having a bank account will end up losing money. “No matter what happens, people are going to lose a tremendous amount as this banking crisis unfolds,” Schiff stressed. Peter Schiff Warns About All Banks Failing Economist and gold...
World Gold Council’s Mid-Year Report: Gold Set for a Neutral Second Half Under Economic Uncertainty
9.7.2023
On July 6, 2023, the World Gold Council (WGC) released its 2023 Mid-Year Outlook, revealing that a “strong first half for gold is likely to give way to a more neutral H2.” According to WGC researchers and market strategists, central banks are “nearing the end of their...
Deflecting Blame — Bank of England Governor Bailey Accuses UK Retailers of Overcharging Customers
9.7.2023
After the Covid-19 pandemic, many people believe the implementation of extensive stimulus measures and quantitative easing (QE) policies resulted in an overwhelming surge of inflation that has burdened millions across the globe. While certain individuals attribute this economic turmoil to...