As China’s digital yuan sees its debut on the first day of the 2022 Beijing Winter Olympics, another country has shown signs of stepping into the CBDC development arena. This was none other than the U...
Tag: Bank
European Central Bank (ECB) will not raise interest rates
The level of inflation globally has increased significantly. However, the European Central Bank (ECB) has stated that it will not change the interest rates. The US Federal Reserve has been discussing ...
Central Bank of Ecuador Might Regulate Cryptocurrencies This Year – Bitcoin News
The Central Bank of Ecuador is planning to issue cryptocurrency-specific regulation later this year. According to statements from Guillermo Avellan, the manager of the Central Bank of Ecuador, this wi...
Saxo Bank Forex Trading Volume Rises by 21%
As the first month of 2022 passed very quickly, firms were eager to show their performance for the first month. The Denmark-based investment bank, Saxo, has posted some positive statistics for January...
Indian Central Bank Warns against Unregulated FX Trading Platforms
The Indian central bank has issued a warning on Thursday against locally unregulated forex trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of gener...
The Fed and MIT Publish Central Bank Digital Currency Technical Research
We saw the publishing of technical research and open-source code that could be the groundwork for digitizing the greenback. There were no definitive plans to develop a CBDC mentioned in the paper as a...
Federal Reserve Bank of Boston, MIT Publish CBDC Research
Key Takeaways The Boston Fed, M.I.T.-run Project Hamilton has published its Phase One results. Project Hamilton is an effort to conduct research and build technology for a central bank digital currenc...
Saxo Bank Sees 21% MoM Jump in January Trading Volumes
Saxo Bank has released its trading metrics for January 2022, reporting a solid monthly and yearly jump in demand. The total monthly volume on the platform in the month came in at $438 billion, with a ...
MIT, Boston Fed go public with ‘Project Hamilton’ central bank digital currency research
Open-source software developed in a collaborative research project between the Federal Reserve of Boston and the Massachusetts Institute of Technology’s Digital Currency Initiative was released ...
European Central Bank Keeps Interest Rates Low And Expects Inflation To Stay Elevated
While the Federal Reserve continues to threaten interest rate hikes amid rising inflation, the ECB has taken a different approach. Bank President Christine Lagarde stated they will “not rush into a de...
Bitcoin Dips as Bank of England Raises Rates – Trustnodes
Bitcoin fell further today to a low of $36,400 from $37,200 before somewhat recovering to $36,700. One reason might be the decision of the Bank of England (BoE) to raise rates again by 0.25% to 0.5%. ...
Federal Reserve Bank of NY Lays Out Possible Stablecoin Scenarios
Because the stablecoins would effectively act like a pass-through central bank digital currency, their pegs – fixing the price to $1, for example – would come with guaranteed stability. In times of fi...
India Announces Upcoming Launch of Central Bank Digital Currency, Digital Rupee, to Be Issued by RBI – Regulation Bitcoin News
The Indian government has announced the upcoming launch of the country’s central bank digital currency. The digital rupee will be issued by the Reserve Bank of India (RBI) in the financial year 2022-2...
Why This Bank Will Offer Bitcoin And Ethereum Via Bakkt
Bakkt recently announced that Hanover Bank will integrate with its platform to expand access to Bitcoin and Ethereum. The New York-based financial institution will be part of Bakkt’s early adopter pro...
Central Bank of Jordan Exploring the Possibility of Launching a CBDC – Fintech Bitcoin News
The governor of the Central Bank of Jordan recently said his institution is studying the possibility of launching a legal digital currency, one that will be linked with its national currency. He also ...
Bitcoin Steady Near $38.5K as Australian Central Bank Ends Easing Program
Bitcoin has nearly halved in value since peaking near $69,000 on Nov. 10, predominantly due to fears of faster Fed tightening. The cryptocurrency’s fortunes are closely tied with the equity mark...
Bank that bought assets from Zuckerberg’s Diem plans to launch stablecoin
Silvergate Capital CEO Alan Lane told CNBC on Monday the bank holding company hopes to launch a stablecoin by the end of this year, following its acquisitions of assets and intellectual property from ...
Everscale Boosted Staking Program With 20% APY. Say Bye To Bank Deposits.
The hype The increase of interest in crypto in 2021 was astonishing. The interest switch from fiat money to blockchain-based tokens was one of the hottest topics in the news, whole countries entered t...
Poll Reveals Russian Public’s Verdict On Crypto Amid Spat With Central Bank
Bitcoin awareness is increasing in Russia, and the government is hard at work in drafting a more definite regulatory environment for the use of crypto by citizens and businesses. As BeInCrypto recentl...
Central Bank Prohibition Led to Growth in Crypto Awareness – Featured Bitcoin News
The chief marketing officer (CMO) of a cryptocurrency payments solution company, Rotimi Ogunwede, has insisted that the Central Bank of Nigeria (CBN)’s decision to bar crypto entities from the banking...
Giant Bank Bought Up Apple, Comcast Stock. It Dropped AT&T and Visa.
Text size German banking giant Commerzbank bought up Apple stock in the fourth quarter. Dreamstime A German banking giant made some abrupt changes in its U.S.-traded investments. Commerzbank initiated...
Why BitMEX is betting its future relevance on a 268-year-old German bank
Quick Take The embattled crypto exchange has made a bold swoop for an ancient German bank. CEO Alexander Höptner hopes he can vault BitMEX back into the ranks of the biggest crypto exchanges, but time...
Central Bank Governor Says Kenya’s Position on Cryptocurrencies Has Not Changed – Emerging Markets Bitcoin News
Kenya’s position on cryptocurrencies is still unchanged the governor of the Central Bank of Kenya (CBK), Patrick Njoroge has said. Njoroge latest remarks come as Kenya continues to cement its position...
Blockchain and Cryptocurrency Is ‘Here to Stay and Impossible to Regulate at Large’ — CEO of a United Arab Emirates Based Bank – Finance Bitcoin News
According to the chief executive officer (CEO) of the United Arab Emirates-based financial institution, Bank of Sharjah, blockchain and cryptocurrencies are not only difficult to regulate but are also...
Russia central bank prepares crypto regulation law
TL;DR Breakdown • Russian government plans to regulate cryptos and not ban them.• Crypto regulation in Russia will start in May 2022. Recently the central bank in Russia has joined crypto regulation i...
Bitcoin Facilities to be offered by New York’s Flushing Bank
As of this writing, Bitcoin was trading at a market price of $36,945.96, bearish by 1.93%, in the previous 24 hours. As per John R. Buran, president and CEO of Flushing Financial Corporation, they sho...
Mutual Efforts with Europe, U.S. Key for CBDC Issuance: Bank of Japan Governor
Joining hands with the United States and Europe is fundamental when meeting technical issues needed in the issuance of a central bank digital currency (CBDC), according to Bank of Japan (BOJ) governor...
Putin Supports Cryptocurrency Mining, Despite Central Bank Stance
As per 3 people familiar with the matter, President Vladimir Putin supports the Russian government’s proposal to tax as well as govern cryptocurrency mining while dismissing the central bank’s proposi...
$8B New York commercial bank to offer Bitcoin services
Flushing Financial Corporation, the parent company behind New York-based Flushing Bank has partnered with crypto firm New York Digital Investment Group (NYDIG) to offer Bitcoin (BTC) services to its c...
Should I buy Deutsche Bank shares after strong Q4 results?
Deutsche Bank Aktiengesellschaft shares continue to trade in a buy zone after the bank reported strong fourth-quarter results. Deutsche Bank entered 2022 ahead of a plan which is the result of consist...