Crypto is making a positive noise as more people lose faith in central banks, Billionaire hedge fund investor Stanley Druckenmiller says. Druckenmiller is confident with the comeback of crypto, especi...
Tag: central
Philippine Central Bank Thinks Stablecoins Could ‘Revolutionize’ the Payment System
Mhel Plabasan – a top executive at Bangko Sentral ng Pilipinas (the central bank of the Philippines), said the institution is highly in favor of stablecoins as they can aid the monetary system and ens...
Billionaire Stan Druckenmiller Discusses Cryptocurrency Having ‘Big Role in a Renaissance’ — ‘People Aren’t Going to Trust Central Banks’
Renowned billionaire hedge fund manager Stanley Druckenmiller says he could see cryptocurrency “having a big role in a Renaissance because people just aren’t going to trust the central banks.” He adde...
BIS Sets Up To Explore CBDC With The Central Banks Of Sweden, Israel And Norway
One of the most notable features of cryptocurrency is its ability to enable instant cross-border payments, which has attracted a widening number of territories so far. Around 105 countries have tapped...
Warner Music partners with OpenSea, Druckenmiller sees ‘big role’ for cryptocurrency as central bank trust evaporates
The biggest news in the cryptosphere for Sept. 29 includes investor Stanley Druckenmiller saying cryptocurrency has a big role to play as trust in central banks declines, ZachXBT alleging that crypto ...
Iran Launches Central Bank Digital Currency Scheme With Local Banks And Shops
Bank Melli staff at the bank’s stand at the 26th International Oil, Gas, Refining and Petrochemical … [+] Exhibition in Tehran on May 13, 2022. (Photo: Morteza Nikoubazl/NurPhoto via Getty...
Chinese Central Bank Says It Will Prioritize Stabilizing Currency After Yuan Plunges to 14-Year Low Versus USD – Bitcoin News
Moments after the Chinese yuan’s onshore exchange rate versus the U.S. dollar slumped to 7.2458 per dollar, the Peoples Bank of China responded by stating that it will prioritize stabilizing the curre...
Swedish Central Bank Pilots Instant Payments With Retail CBDC
Sweden’s central bank has partnered with the Bank for International Settlements (BIS) in a project that aims to test out instant payments for its central bank digital currency (CBDC). The projec...
These Central Banks Will Test CBDC Use for International Retail Payments
The Central Bank of Sweden, Israel and Norway, along with the Bank for International Settlements (BIS) launched a project called Icebreaker. All the central banks will explore retail CBDC for in...
BIS Launches Project Icebreaker with Central Banks to Explore CBDC
The Bank for International Settlements (BIS) has rolled out Project Icebreaker together with the central banks of Sweden, Norway, and Israel to see how CBDCs can be utilized for international remittan...
Druckenmiller sees ‘big role’ for cryptocurrency as central bank trust evaporates
Famed investor Stanley Druckenmiller said cryptocurrency could have a “big role” as people seek alternatives to fiat money. The comments came in a CNBC interview with host Joe Kernen in which the pair...
Israel, Norway and Sweden central banks partner with BIS to explore CBDC payments
The Bank for International Settlements, or BIS, has reported it will be partnering with the central banks of Israel, Norway and Sweden to explore international retail and remittance payments use cases...
Billionaire investor S. Druckenmiller says mistrust in central banks could lead to crypto ‘renaissance’
The prevailing macroeconomic factors dominated by soaring inflation have impacted equities and the cryptocurrency market, with both sectors recording historical crashes. Notably, amid the conditions, ...
Sweden’s central bank tests CBDC for retail and international remittance payments
Sweden’s central bank, the Riksbank, along with the central banks of Israel and Norway and the Bank for International Settlements (BIS), is exploring the use of a central bank digital currency (CBDC) ...
China’s central bank PBOC warns against yuan speculation
The Chinese yuan weakened past the closely-watched 7.2 level against the greenback this week. Getty Images BEIJING — The People’s Bank of China has warned against betting on the yuan, after its ...
Stanley Druckenmiller Predicts Potential Crypto “Renaissance” if Central Bank Faith is Lost
Billionaire investor Stanley Druckenmiller said that crypto could make a comeback as citizens begin to distrust their central banks. The hedge fund manager sees this outcome as increasingly possible ...
Fed Chair Jerome Powell Updates Work on Digital Dollar — Says US Central Bank Digital Currency Will Take ‘at Least a Couple of Years’ – Regulation Bitcoin News
Federal Reserve Chairman Jerome Powell says the U.S. central bank is looking at whether to issue a digital dollar with a “very broad scope.” He noted that the Fed is collaborating with Congress and th...
Nigerian Central Bank Hikes Key Interest Rate Just Days After Naira Plunges to New Low – Africa Bitcoin News
Following the latest meeting of the monetary policy committee, the Central Bank of Nigeria says it has hiked the monetary policy rate to 15.5%. By increasing the key interest rate by 150 basis points,...
Bank of England Suspends Tightening Policy as Pound Nosedives — Central Bank to Start Purchasing Long-Dated UK Government Bonds – Economics Bitcoin News
Following the extremely volatile European markets during the past few days and the euro and pound dropping rapidly against the U.S. dollar, the Bank of England has decided to intervene in bond markets...
Slow to Incorporate Crypto Regulations Could Fuel Arbitrage Risk: French Central Banker
Francois Villeroy de Galhau, the governor of the French Central Bank, has warned of the risks of arbitrage that may be fueled by uneven crypto regulations on the global scale. As reported by Reuters, ...
Space And Time Secures $20 Million To Transform Central Business Logic Databases Into Trustless Data Sources For Web3
Space and Time paves the way for establishing a decentralized data warehouse with tremendous Web3 implications. The project secured an additional $20 million in funding to make smart contracts more ro...
Australia Issues White Paper for Central Bank Digital Currency – Finance Bitcoin News
Reserve Bank of Australia is researching the potential benefits of launching a central bank digital currency. The monetary authority released a white paper outlining its goals and invited interested p...
French Central Bank CBDC Projects Aim to Manage DeFi Liquidity, Settle Tokenized Assets
“A wholesale CBDC could significantly contribute to improving cross-border and cross-currency payments,” Villeroy de Galhau, a governor at the Bank of France, the country’s central bank, said in...
Central Banks Will Always Be Source of Trust in Money: Fed Chairman
Federal Reserve (Fed) Chairman Jerome Powell has spoken at the Conference on Opportunities and Challenges of the tokenization of finance, hosted at the Louvre by the Banque de France. In his comments,...
European Central Bank Considers Rolling Out Blockchain-Powered Bank Transactions
The European Central Bank (ECB) seeks to be ahead of the game by studying how blockchain-based bank transactions will enable more money control even if lenders change to distributed ledgers. Fabio Pan...
ECB president C. Lagarde warns cryptocurrencies can hinder the role of central banks
European Central Bank President Christine Lagarde has continued to raise concerns regarding the growth of cryptocurrencies and their threat to the traditional banking system. According to Lagarde, th...
European Central Bank preparing for broad digital currency adoption ‘scenario’
The European Central Bank (ECB) is analyzing options for integrating decentralized ledger technology (DLT) into existing payment settlement systems, Fabio Panetta, an executive ECB board member, said ...
Australian Central Bank Details Active CBDC Pilot Project In Telling Whitepaper
Australians are already testing a CBDC. Surprising no one, considering the authoritarian way that the government handled the lockdowns. The jury is still out on Central Bank Digital Currencies, while ...
Australia Pushes Ahead With Central Bank Digital Currency, Announces Pilot Timeline
Australia is pushing ahead with central bank digital (CBDC) currency research. On Monday, Australia’s central bank said in a whitepaper that the country’s CBDC pilot should be completed by mid-2023. ...
Kenyan Central Bank Makes Its Views on Bitcoin Clear
The Central Bank of Kenya (CBK) governor, Patrick Njoroge, has made his views on Bitcoin clear by describing the calls to convert the country’s reserves into the world’s leading cryptocurrency as outr...