Lloyds Bank (LON: LLOY) share price had a difficult year in 2022 as concerns about the UK economy continued. The stock dropped by about 8% and struggled to retest its highest level during the year. No...
Tag: Bank
The Bank of Russia opposes unrestricted cryptocurrency investment
Join Our Telegram channel to stay up to date on breaking news coverage According to governor Elvira Nabiullina, the Russian central bank is prepared to consider permitting cryptocurrency use domestica...
China’s Digital Yuan Little Used, Former Central Bank Official Says – Finance Bitcoin News
Trials of the digital yuan have produced disappointing results, according to a report quoting the former head of research at the Chinese central bank. The new form of national fiat has brought no bene...
Central Bank of Turkey Reports First Payment Transactions on Digital Lira Network – Finance Bitcoin News
The Central Bank of the Republic of Turkey (CBRT) has conducted the first payment transactions on the test network of the digital lira. The monetary authority intends to proceed with more testing in 2...
Turkey’s Central Bank Commences First CBDC Pilot Test
Altcoin News Research into the economic and legal framework of the CBDC will be prioritized. The central bank hopes to add additional banks and fintech companies. Central Bank digital currencies (CBDC...
Central Bank Gold Demand Rose at the Fastest Pace in 55 Years, Analyst Says Silver Could Outperform Gold in 2023 – Bitcoin News
According to a myriad of reports, the People’s Republic of China has been buying hoards of gold during the last year. Consequently, World Gold Council (WGC) statistics show the demand for gold by cent...
Turkey’s Central Bank has more in store for CBDCs in 2023
The Central Bank of the Republic of Turkey indicated that it would release the digital lira by 2023. The CBDC would be connected to several government and centralized operations. The first experimenta...
Turkey’s Central Bank wraps up its first CBDC test
2022 has been a difficult year for the crypto industry. Despite this, a number of industry participants have embraced cryptography and blockchain technology in light of sufficient proof that it works....
Turkish Central Bank begins testing CBDC
The Turkish Central Bank has started running initial tests on its Central Bank-issued digital lira. According to recent reports, the bank will advance trials on the digital lira as the project moves c...
Nigerian Central Bank Spent Over $1.8 Billion Managing Local Currency – Economics Bitcoin News
During her appearance before Nigerian lawmakers, Aisha Ahmad, the deputy governor of the Central Bank of Nigeria (CBN), told lawmakers that out of the nearly $1.8 billion used to manage the local curr...
Turkey’s central bank completes first CBDC test with more to come in 2023
The Central Bank of the Republic of Turkey (CBRT) has completed the first trial of its central bank digital currency (CBDC), the Digital Turkish Lira, and has signaled plans to continue testing throug...
Bank of India report calls for regulatory coordination on crypto market challenges
The Reserve Bank of India (RBI) has again expressed concerns about the burgeoning crypto ecosystem and suggested parts of it could be banned. In its latest financial stability report, released Dec. 29...
State Bank of Vietnam (SBV) notes progress made in driving cashless payments
In a Dec. 28 press release, the State Bank of Vietnam (SBV) said significant progress has been made in recent years to stimulate growth of cashless payments in rural and inaccessible areas of the coun...
Turkey’s Central Bank says digital lira tests will continue in 2023
Turkey’s central bank said Thursday that it successfully carried out the first payment transactions on the Digital Turkish Lira Network as part of first-phase studies. The central bank wil...
My 2023 Stock Pick Is a No-Frills Big Bank Hiding Right in Front of Us
What if I told you I found a stock that’s already discounted from recession jitters, has top-notch management, and a valuation you can wrap your arms around? And what if that same stock was actu...
The most and least favorite currencies in 2023 according to Deutsche Bank
The end of the trading year is a good time to read what market experts believe the markets will do in the upcoming year. Deutsche Bank research is famous for its forecasts, and it recently published a...
Gold-Backed Digital Assets Were Issued By Russia’s Biggest Bank
Sber, which was formerly known as Sberbank, is the largest bank in Russia. They just made an announcement that they will be launching the world’s first gold-backed digital financial assets (DFAs...
Nigerian Security Agency Seeks to Arrest Central Bank Governor on Charges of Funding Terrorists – Coinotizia
The Nigerian security agency, the Department of State Services (DSS), has reportedly instructed its operatives to arrest the Central Bank of Nigeria governor Godwin Emefiele as soon as he is seen in p...
Nigerian Security Agency Seeks to Arrest Central Bank Governor on Charges of Funding Terrorists – Africa Bitcoin News
The Nigerian security agency, the Department of State Services (DSS), has reportedly instructed its operatives to arrest the Central Bank of Nigeria governor Godwin Emefiele as soon as he is seen in p...
Crypto Has Grown Outside of Regulatory Oversight but Has No Intrinsic Value, Says Bank of England Deputy Governor
The Deputy Governor of the Bank of England, Sir Jon Cunliffe, says that the collapse of the FTX exchange has exposed the vulnerabilities of crypto assets. In a Sky News interview, Sir Cunliffe says th...
Does It Ever Make Sense to Name a Bank As Trustee of Your Trust?
Should You Name a Bank as Trustee of Your Trust? A trust is an excellent way to bestow wealth, but disbursing money to your beneficiaries hinges on a crucial party: the trustee. Your trustee’s financi...
Russia’s largest bank issued gold-backed digital financial assets
Russia’s largest bank Sber — formerly known as Sberbank — reported the first issue of gold-backed digital financial assets (DFAs). The bank considers DFAs to be a “great alternative” to investments am...
RedBull, DeepMind and Westfort Bank collaborate for blockchain modernization
To modernise blockchain, Westfort Bank and the Artificial Intelligence (AI) business “DeepMind” are collaborating with Red Bull. The three players will work together over ten years to develop a revamp...
Moonstone Bank Issues Statement Regarding Recent Motion by the Joint Provisional Liquidators of FTX Markets
FARMINGTON, Wash.–(BUSINESS WIRE)–Farmington State Bank, d/b/a Moonstone Bank, has a legal duty to protect from public disclosure the privacy of account holders, regardless of who they are. However, i...
Users Can Now Buy & Sell Shiba Inu Instantly With Bank Card
– Advertisement – Hero Wallet users can now buy and sell Shiba Inu (SHIB) with a bank card via Guardarian. Hero Wallet, a Web3 decentralized wallet, recently integrated a Guardarian paymen...
Bank of England’s Cunliffe Pushes for Crypto Regulation — Sees ‘Real’ Benefits for UK – Regulation Bitcoin News
Bank of England Deputy Governor Sir Jon Cunliffe has revealed that the British central bank is planning to step up its efforts to regulate cryptocurrency trading with new laws. “We should think about ...
Coinbase Gets VASP License by The Central Bank of Ireland
On Dec. 21, 2022, Coinbase announced that the firm successfully registered with the Central Bank of Ireland as a Virtual Asset Service Provider (VASP). The crypto exchange also introduced Cormac Dinan...
Nigerian Central Bank Increases Cash Withdrawal Limits After Receiving ‘Feedback From Stakeholders’ – Africa Bitcoin News
Barely a month after announcing the restricting of cash withdrawals to under $50 per week, the Central Bank of Nigeria said on Dec. 21 that individuals will be able to withdraw an equivalent of $1,120...
Crypto Will Trigger Next Financial Crisis If It’s Not Totally Banned, Warns Indian Central Bank Chief ⋆ ZyCrypto
Advertisement     Shaktikanta Das, the governor of the Reserve Bank of India, has made fresh comments against cryptocurrencies. The governor forecasted on Wednesday th...
Leading Decentralized Exchange Uniswap (UNI) Launches Payments With Credit Card and Bank Transfers
Decentralized finance (DeFi) platform Uniswap (UNI) is announcing that users can now buy cryptocurrencies on its web app using credit or debit cards and through bank transfers. The leading decentraliz...