17:00 Today in Crypto: Elon Musk Accused of DOGE-Related Insider Trading, Xapo Integrates with the Single Euro Payments Area Network, US CFTC Mulls Rules Change to Include Crypto Risk
17:00 Today in Crypto: Xapo Integrates USDT Payment Rails, Police Reportedly Detains Trust Reserve Core Team, Reserve Bank of India Deputy Governor Recommends All Banks Adopt Blockchain & AI
Russian Government Switching Gears — No Longer Plans To Create a National Crypto Exchange Source: Adobe The Russian government is switching gears as it no longer plans to create a national cryptocurrency exchange, and instead will write rules for multiple crypto exchanges, according to a local news site. Anatoly Aksakov, member of one of the chambers of the Russian parliament, spoke to news outlet Izvestia about the shift. Exchanges […]
Norway could go its own way on crypto asset regulation, central bank suggests International regulation may be too slow and may represent interests that are not in line with Norway’s, Norges Bank suggests in an annual report. News Join us on social networks Norges Bank, the central bank of Norway, has released its annual “Financial Infrastructure Report." It devoted a considerable part of the report to crypto assets […]
Hedge Fund Mogul Stanley Druckenmiller Warns of ‘Hard Landing’ for US Economy Billionaire hedge fund manager Stanley Druckenmiller has a dire prediction for the U.S. economy: a recession is looming, and it’s likely set to hit this June. Druckenmiller’s forecast comes as American consumer spending remains low, and is largely driven by credit card usage. Druckenmiller, a seasoned investment mogul, warns that it would be foolish to […]
Ireland's Central Bank Governor Labels Unbacked Cryptos as Ponzi Schemes Source: AdobeStock / Timon Unbacked cryptocurrencies are more like a "Ponzi scheme" than an investment, argued Central Bank of Ireland Governor Gabriel Makhlouf - but adding that "crypto is not going away very soon." In a Friday blog post, Makhlouf stated that Ireland's Central Bank differentiates between 'backed' and 'unbacked' crypto. The bank remains "open […]
Today in Crypto: Bank of Canada Opens Public CBDC Consultation, Solana' Saga Phone Available for Orders, 32% of Family Offices Investment in Digital Assets, Binance NFT to Support Bitcoin Ordinals Source: AdobeStock / dennizn Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________ CBDC news The Bank of Canada wants the public’s opinions on a potential digital Canadian dollar. A digital Canadian dollar is currently not needed, said the press release, and […]
Argentina’s citizens embrace crypto despite central bank ban Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Argentina is facing a challenging financial landscape, with its Central Bank imposing restrictions on cryptocurrency transactions via payment providers, even as the public increasingly adopts digital currencies to safeguard their wealth. As Argentina’s economy grapples with economic turmoil and a surging […]
Nigeria goes blockchain: Policy could impact digital identity Nigeria’s crypto community celebrates the approval of the National Blockchain Policy, set to impact governance, digital identity management and e-payments. News Own this piece of history Collect this article as an NFT Join us on social networks The approval of the National Blockchain Policy for Nigeria has left the nation’s crypto community over the moon […]
Digital Assets for 1 Billion Rubles Issued in Russia in a Month Platforms authorized by the Russian government issued digital assets worth around a billion rubles in April, the local press reported. The spike in the volume has been attributed to Russian companies experimenting with new financial instruments amid limited access to traditional capital. Russia’s Digital Assets Market Livens Up as Capital Markets Dry Up for Russian […]
ECB Raises Interest Rates by 25bps Amid ‘Too High’ Inflation, ‘No Pause,’ Lagarde Says The European Central Bank (ECB) raised its key interest rates by 25 basis points, slowing the pace from previous increases. However, as inflation in the euro area remains persistently high, future rate hikes may still be expected with the regulator insisting it will continue to seek a “timely return” to its 2% inflation target and […]
Iran Sets Up Platform to Facilitate Crypto Payments for Imports Authorities in Iran are taking steps to make crypto payments easier for companies importing goods in the sanctioned country. A dedicated platform has been established to allow local businesses to transfer cryptocurrency for the purpose of cross-border settlements. Iran to Use Cryptocurrencies for Imports, Trade Organization Chief Vows Iranian companies will be able pay for […]
Russian Banks Set for Record Profits This Year, Central Bank, Rating Agency Say Bank of Russia raised its forecast for the profits of Russian banks in 2023, expecting results that may break the 2021 record. This year’s high numbers are coming after 2022 became the worst annual period in seven years for the sanctioned Russian banking sector in terms of financial outcome. Banks in Russian Federation Headed for […]
No Rate Hikes in Russia, Central Bank Keeps Interest Rate Level Again Bank of Russia decided to maintain the interest rate at 7.5% amid moderate inflation, estimated at 2.5% on an annual basis in April, although this may change later this year. The monetary authority improved its forecast for the Russian economy and now expects growth entirely in positive figures, up to 2.0% for 2023. Bank of […]
Mauritius planning to launch pilot project for retail digital rupee late this year The governor of the Bank of Mauritius told a meeting of central bank technologists about the development of the island nation’s CBDC ambitions. News Own this piece of history Collect this article as an NFT Join us on social networks Mauritius plans to launch the pilot phase of a digital rupee in November, Bank of […]
‘Not the Right Time to Stop’ Rate Hikes, ECB Chief Economist Says Current indicators suggest the European Central Bank (ECB) should raise the interest rate in May, the monetary authority’s chief economist said. Future increases will depend on the economic data but this is still not the right time to stop, according to Philip Lane who believes the bank has to bring inflation back to the 2% […]
‘Not Related to a Digital Currency’ — US Central Bank Addresses Concerns Over Fednow Payment Network The U.S. Central Bank has issued an update regarding the Federal Reserve’s Fednow project, which is scheduled to commence in July. The Fed has responded to recent criticism of the Fednow service and asserts that the Fednow payment network is “neither a form of currency nor a step toward eliminating any form of payment, including […]
Household Crypto Holdings Included in Bank of Russia’s Consumer Finance Survey The Central Bank of Russia has added crypto asset holdings of households to its survey of consumer finances. The statistics reveal that Russian families keep more money in cryptocurrency wallets than in gold investment accounts or mutual funds. Russia’s Central Bank Evaluates Cryptocurrency Holdings of Russian Households The Central Bank of the Russian Federation (CBR) […]
UBS’s acquisition of Credit Suisse brings some good and bad for crypto Many in Switzerland have said that UBS’ takeover of Credit Suisse was necessary to avoid a calamitous banking crisis like that seen in 2008. Follow up Own this piece of history Collect this article as an NFT On Sunday, March 19, the 167-year history of banking giant Credit Suisse ended with a takeover by the […]
More 186 US banks well-positioned for collapse, SVB analysis reveals Rising interest rates, which brought down the U.S. banking system’s market value of assets by $2 trillion, combined with a large share of uninsured deposits at some U.S. banks, threatens their stability. News Own this piece of history Collect this article as an NFT The perfect mix of losses, uninsured leverage and a greater loan […]
Banking crisis: What does it mean for crypto? Cointelegraph breaks down the main events that led to the collapse of Silvergate, SVB and Signature Bank and explains what this all could mean for crypto. Cointelegraph YouTube Subscribe Own this piece of history Collect this article as an NFT Last week’s rapid collapse of Silvergate, Silicon Valley Bank (SVB) and Signature Bank has highlighted […]
Iran completes pre-pilot phase of central bank digital currency Iran is moving forward with its central bank digital currency (CBDC) plans, completing preliminary research for the launch of a potential digital rial. The Central Bank of Iran (CBI) has successfully completed a pre-pilot phase in the development of Iran’s CBDC, according to an official statement by CBI’s research arm, the Monetary and Banking Research […]
