The Swiss National Bank hikes interest rates again. FABRICE COFFRINI / Contributor / Getty Images The Swiss National Bank increased its benchmark interest rate Thursday for the third time this year, t...
Tag: Bank
Algorand chosen for digital bank guarantees
Algorand announced that it has been chosen as the public Blockchain in Italy to be used for digital bank and insurance surety bonds. The project was developed by CETIF and supported by the Bank of Ita...
Binance FUD Could Lead to Another Bank Run, Users Back CZ
Binance is currently riding a wave of FUD (fear, uncertainty, doubt) as the exchange faces multiple controversies, including a potential investigation for money laundering and a steep rise in customer...
The Central Bank of Brazil is planning to launch a CBDC in this year
Nations around the globe are scrambling to explore how blockchain technology can be employed to help their economies. The growing adoption of cryptocurrencies has prompted several central banks to loo...
Bank of England seen hiking by a half-point as inflation shows signs of peaking
The Bank of England is expected to raise interest rates by 50 basis points on Thursday, with inflation showing signs of peaking but still uncomfortably high at 10.7% in November. Bloomberg | Bloomberg...
Bank Of England Working On CBDC: Doubts Remain
The global monetary system has rapidly evolved upon the impact of digitalization and the industrial revolution. A UK CBDC is likely coming soon. Governments worldwide, despite initial struggles, start...
Brazil central bank launching CBDC in 2024
The central bank of Brazil, through its president, Roberto Campos Neto on Tuesday revealed that they will launch a central bank-backed digital currency (CBDC) by 2024. Accordingly, they will launch a ...
Italy onboards Algorand for bank and insurance guarantees
Blockchain layer-1 platform The Italian banking and insurance industries will adopt an “innovative digital guarantees platform,” which will be supported by the public blockchain Algorand. Early 2023 i...
Algorand to support bank and insurance guarantees platform in Italy
Layer-1 blockchain platform Algorand has been chosen as the public blockchain to support an “innovative digital guarantees platform” to be used in Italy’s banking and insurance markets. The Algo...
Crypto community members discuss bank run on Binance
Within the past 24 hours, cryptocurrency exchange Binance has seen outflows of over $1.14 billion due to rising FUD — or fear, uncertainty and doubt — within the crypto ecosystem. According to Binanc...
Malaysian Billionaire Teh Hong Piow, Founder Of Public Bank, Dies At Age 92
Teh Hong Piow attends Public Bank’s annual general meeting in Kuala Lumpur, Malaysia. Joshua Paul/Bloomberg Billionaire banker Teh Hong Piow—founder and chairman emeritus of Malaysia’s Public Ba...
German crypto asset trading platform Bitcoin Group SE buys bank with full license
Bitcoin Group SE, operator of the German crypto trading platform bitcoin.de, has announced that it has acquired 100% of shares in Bankhaus von der Heydt. The bank has a full banking license and is a p...
Mobile Payments Outpacing Debit Cards in Argentina According to Central Bank Reports – Fintech Bitcoin News
Mobile payments are thriving in Argentina, leaving behind other traditional payment methods, including credit and debit cards. According to the central bank’s monthly report on retail payments, this k...
Central bank set to slow rate hikes at final meeting of 2022
The Federal Reserve is expected to slow the pace of its torrid interest rate hikes when it concludes its two-day policy meeting Wednesday, as consumer prices have showed evidence of cooling for two st...
Jewel Bank launches stablecoin on Polygon
Jewel Bank, through a strategic partnership with Polygon, is launching the first bank-grade and fully guaranteed USD stablecoin for real-time settlement. Jewel Bank is Bermuda’s first digital asset b...
Bank of Montreal Drops on $2.3 Billion Stock Sale to Hit Capital Hurdle
(Bloomberg) — Bank of Montreal, which is working to close the largest acquisition in its history, is selling C$3.15 billion ($2.31 billion) in equity to make sure it can meet Canadian regulators...
Bank of England calls for ‘urgent’ global action after near-collapse of UK pension funds
LONDON, February 03: Governor of the Bank of England Andrew Bailey leaves after a press conference at Bank of England on February 3, 2022 in London, England. Dan Kitwood | Getty Images News | Getty Im...
Food Bank Network Ousts United Way As America’s Largest Charity
Claire Babineaux Fontenot, CEO of Feeding America Courtesy of Feeding America As prices and hunger rise, a record 11 food banks make Forbes 2022 list of America’s Top 100 Charities, ranked by private ...
Bermuda-based bank releases USD-pegged stablecoin
Bermuda’s first digital asset bank, Jewel, launched a stablecoin JUSD at the Polygon network. The company will release quarterly reporting on its reserves. On Monday, Jewel announced in a Twitter post...
Bitcoin Group set to acquire German’s oldest Bank for over $15M
Crypto holding company Bitcoin Group has moved to buy one of the world’s oldest banks Bankhaus von der Heydt, for roughly $15 million. Bankhaus von der Heydt was founded in 1754 as a privately-owned b...
Spain’s Central Bank to Experiment with Wholesale CBDC
The Central Bank of Spain announced plans to launch its own experimental program for a wholesale CBDC. The Bank of Spain is looking to collaborate with organizations that are interested in participati...
Bitcoin Group Agrees to Buy German Bank Bankhaus von der Heydt for More Than $15M
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Bitcoin Group agrees to buy centuries-old German bank for over $14 million
Bitcoin Group SE, a crypto investment company, has signed an agreement to acquire the centuries-old German bank Bankhaus von der Heydt for 14 million euro ($14.75 million) and 150,000 shares. Th...
Bank of England Seeks Proof of Concept Wallet For CBDC
51 mins ago | 2 mins read Altcoin News The Bank of England (BOE) advertised a call for proposals on the Digital Marketplace. The proof-of-concept was given a budget of £244,500 (around $244,500). Proo...
4 central bank decisions to consider this week
The most important trading week of December has just started as traders prepare for the monetary policy decisions of four central banks. Market participants are eager to find out the decision on inter...
Bank Of England Accepts CBDC Wallet “Proof Of Concept” Applications
The bank stipulates that the wallet must be capable of performing fundamental functions such as exchanging currency and requesting payments, and has fixed its price at close to $255,000. The Bank of E...
Bank of England opens applications for ‘proof of concept’ CBDC wallet
The Bank of England (BOE) is seeking a “proof of concept” for a wallet that will be able to hold a Central Bank Digital Currency (CBDC). On Dec. 9, the BOE posted a request for applications on the Uni...
Balaji Srinivasan Says FTX Is a Preview of State Failure, USD Bank Accounts Could Be Frozen or Inflated to Worthlessness – Economics Bitcoin News
Angel investor Balaji Srinivasan says the collapse of crypto exchange FTX should be treated as “a preview of state failure.” He warned that one day U.S. dollar bank accounts “may be frozen or inflated...
Bank of England invites CBDC proof-of-concept proposals
The Bank of England is accepting applications for a proof of concept wallet for its Central Bank digital currency until December 23. To make the CBDC product “more concrete for external and internal s...
Bank of England opens bids for CBDC sample wallet proof of concept
The Bank of England is seeking a proof of concept for a sample wallet for a Central Bank digital currency and will take applications through Dec. 23. While the bank said it will not develop a us...
the bank driving the cryptocurrency boom from a small local lender
Join Our Telegram channel to stay up to date on breaking news coverage According to a quote by Sam Bankman-Fried that was posted on the website of the San Diego bank he used to transfer client funds t...