2020-10-20 22:04 |
Central bank digital currency interest continues gaining global traction.
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On Monday, the International Monetary Fund (IMF) published a report on crypto assets like central bank digital currencies (CBDCs) and global stablecoins (GSCs). Moreover, the IMF also hosted a virtual panel that discussed digital currencies and cross-border payments with the Federal Reserve Chair Jerome Powell.
2020-10-20 00:00 | |
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As the global economy shudders from the disastrous effects of central planning, the International Monetary Fund (IMF) managing director in Washington, DC, Kristalina Georgieva is calling for a “new Bretton Woods moment.
2020-10-19 05:00 | |
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In late September, the Bahamas announced that it would officially launch its central bank digital currency known as the “Sand dollar” this month. According to reports, the country’s central bank is planning to make the CBDC interoperable on a global scale.
2020-10-18 00:20 | |
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Talk of CBDCs and Facebook's Libra headlined this week's policy news, as international organizations weigh in on both.
2020-10-18 22:35 | |
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The Bahamas’ digital currency is currently used domestically.
2020-10-16 16:34 | |
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Coinspeaker Ripple’s XRP Up 5. 5% in Past 24 Hours, XRP Poised to Act as Neutral Bridge Asset between CBDCsAs global central banks work to implement their own CBDCs, Ripple through RippleNet and XRP is eyeing to connect different global CBDCs.
2020-9-26 18:04 | |
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China's central bank aims to challenge the global financial status quo.
2020-9-21 11:58 | |
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A bullish recovery attempt has begun to form near the US$10,000 psychological support. In the months to come, Bitcoin may reach new highs swiftly as quantitative easing and global central bank money printing surge to unparalleled levels.
2020-9-15 15:01 | |
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ACORD, the global standards-setting body for the insurance industry, today announced the winner of the 2020 ACORD InsurTech Innovation Challenge New York. Micruity, a central clearinghouse...
2020-9-14 09:05 | |
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European Central Bank President Christine Lagarde said a digital euro can place the region at the cutting edge of innovation but it may have fallen behind in the global competition for creating digital payment ecosystems.
2020-9-11 09:00 | |
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Coinspeaker Mastercard Extends Helps to Central Banks, Unveils Platform to Test National Digital CurrenciesMastercard's CBDC testing platform helps global central banks to simulate different use-cases and test roll-out strategies between commercial banks and other payment services providers.
2020-9-10 11:43 | |
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Morgan Stanley's executive states Bitcoin (BTC) and gold are favorable options for investors to hedge against the central banks’ expansionary monetary policies. Speaking on a First Move with Julia Chatterley's interview on CNN, Morgan Stanley’s head of emerging markets and chief global strategist, Ruchir Sharma, further explained that when it comes to asset investing, more […] The post Morgan Stanley Head of Emerging Markets: Millennials Prefer Bitcoin (BTC) To Gold first appeared on BitcoinExchangeGuide.
2020-9-9 19:11 | |
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Global financial services company, Mastercard launched a Central Bank Digital Currencies (CBDCs) virtual and custom ‘testing’ platform, for central banks to evaluate use cases of national digital The post Mastercard launches CBDC testing platform for central banks to explore use cases appeared first on AMBCrypto.
2020-9-9 17:30 | |
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The Federal Reserve has hit a new milestone in the race to have the largest balance sheet in the world. The American central bank has gone full berserk in 2020 and is printing dollars non-stop. Using the COVID-19 crisis and the global lockdown effects in the economy as an excuse, the Fed has purchased so […] The post The Federal Reserve Becomes the World’s Biggest Investor appeared first on BeInCrypto.
2020-9-2 13:35 | |
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In research published over the weekend, the Swiss-based BIS reports the growing attention by global central banks on research and development of central bank digital currencies (CBDCs) in 2020. The paper states the motivations, technical developments and policy approaches towards the launch of CBDCs vary across the central banks with the more innovative countries taking […]
2020-8-26 18:25 | |
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This 3rd Edition is sponsored by Uruguay XXI, which will open our event on September 3rd. The opening on Thursday 4 will be by President of Banco Central del Uruguay, Ec. Diego Labat. The main sponThe post Blockchain Summit: Global Technologies & Crypto 3rd Edition, Sept 3rd-4th 2020 appeared first on AMBCrypto.
2020-8-24 16:30 | |
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Coinspeaker Bitcoin and Libra Set to Compete as Central Banks Issue Digital CurrenciesBitcoin and Libra may compete favourably in the global financial clime as several central banks plan to release their digital currencies.
2020-8-20 15:47 | |
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In the months to come, Bitcoin may reach new highs swiftly as quantitative easing and global central bank money printing surges to unparalleled levels.
2020-8-18 15:01 | |
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During the last few weeks, gold has skyrocketed in value over the concerns fueled by the faltering global economy. Despite the fact that gold has always been a safe-haven, many investors are looking to bitcoin because they fear central banks will dilute the market or even confiscate the gold.
2020-8-1 21:35 | |
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Central banks worldwide have injected further stimulus into the economy, as European Union (EU) leaders recently approved a $2. 1 trillion budget, the Bank of England boosted stimulus injections in mid-June, and the Federal Reserve announced on Wednesday that it would keep lending until the end of the year.
2020-7-31 04:30 | |
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Change is brewing in the world of digital assets—and most of it is encouraging. Recent news and developments this past year signal that the industry is maturing—with sophisticated financial institutions, central banks and global standard setting bodies all leaning into the discussion.
2020-7-31 21:19 | |
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Change is brewing in the world of digital assets—and most of it is encouraging. Recent news and developments this past year signal that the industry is maturing—with sophisticated financial institutions, central banks and global standard setting bodies all leaning into the discussion.
2020-8-4 21:19 | |
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METACO, a provider of security-critical digital asset infrastructure for financial institutions, today announced a Series A round of $17 million. The round was oversubscribed, with demand over double the initial target, proving continued support from existing investors combined with significant interest from new strategic partners in security technology, central bank infrastructure, Swiss and global banks, […] CryptoNinjas: Crypto security infrastructure provider METACO raises $17M in Series A
2020-7-15 15:36 | |
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Coinspeaker Exclusive: Who Will Win the Central Bank Cryptocurrency Race?The rise in demand for digital payments during the COVID-19 pandemic further highlighted the importance of CBDCs and intensified the global race between central banks.
2020-7-11 11:29 | |
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The Central Bank of Sri Lanka (CBSL) launches its KYC proof-of-concept (POC) blockchain aiming to improve shared Know-Your-Customer (KYC) services across financial institutions. According to the release, the CBSL aims at financial inclusion across Asian countries and a global scale through digital payment systems.
2020-7-9 19:08 | |
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Satoshi Nakamoto famously quoted the Times in the genesis block of Bitcoin. The message showed that the government was on the brink of a second bank bailout early in January 2009. Nakamoto’s analysis had shown him that central bank meddling would leave entire nations without a trustworthy currency.
2020-6-21 21:31 | |
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Institutional-grade crypto custodian, Copper Technologies, joins the Official Monetary and Financial Institutions Forum’s (OMFIF) Digital Monetary Institute (DMI) as a founding member. The non-profit organization launched in May 2020 aiming at formulating economic policy, public investment and central banking ideas for new and improved digital payment instruments.
2020-6-12 19:49 | |
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People’s Bank of China is gearing up for the launch of their Central Bank Digital Currency (CBDC) in 2020 and nearly all central banks of advanced economies, from the Fed, ECB to BoE, and BoJ, are actively analyzing the prospect and impact of such currencies.
2020-5-29 20:03 | |
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A report by JPMorgan & Chase Co. states that the rise in the popularity of central bank digital currencies (CBDC) could spell doom for the U. S. dollar that enjoys unquestionable hegemony in dictating the global economic order today, Bloomberg reports June 22, 2020.
2020-5-24 17:07 | |
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A global think tank for central banking, OMFIF, has announced the launch of its Digital Money Institute, aimed at bridging the gap between digital currency and traditional banking.
2020-5-22 11:51 | |
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The South Korea central bank, the Bank of Korea (BoK) recently released a paper detailing its research into the adoption and advancement of central bank digital currency (CBDC) across different central banks globally.
2020-5-21 01:00 | |
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For the first time since its creation, Bitcoin is now trading within an immense period of global economic instability. The Coronavirus pandemic has caused governments and central banks across the globe to take extreme actions in order to curb the damage done by a virtually frozen global economy. The over $8 trillion globally that has...
2020-5-19 00:00 | |
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Despite the roaring recovery in the S&P 500, crypto, and other markets, many facets of the global economy remain in recession. Dozens of millions are unemployed, consumer spending is down, and the global supply chain has come to a screeching halt.
2020-5-3 10:51 | |
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China’s economy is the second-largest in the world and economists believe the country may someday bring a new global order and end the Western hemisphere’s financial rule. In 2020, various reports show that China’s central bank will soon release a cryptocurrency that represents a digital yuan.
2020-4-25 23:05 | |
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Since China's announcement of Central Bank Digital Currency [CBDC], the narrative switched from 'Libra vs rest of the world' to 'China's CBDC vs. Bitcoin'. But according to the CEO of Sino Global CapiThe post China's DCEP will compete against 'US dollar hegemony, not Bitcoin' appeared first on AMBCrypto.
2020-4-21 23:00 | |
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In brief: Gold is thriving as the Feds and other global Central Banks continually print fiat to cushion against the possibilities of a recession. The IMF has warned that the world is on track to experience its worst recession since the Great Depression of the 1920s.
2020-4-15 17:14 | |
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Central banks are concerned about the widespread adoption of stablecoins threatening the global financial system. As they make recommendations to heavily regulate or even ban them, the Crypto market now faces its biggest threat yet.
2020-4-16 16:21 | |
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Central banks around the world may be in trouble as global economies struggle under increasing pressure from an inactive workforce. Fractional reserves for banks have been set to zero — so what does this mean? March 2020 will go down in history as the month that another economic and financial crisis was triggered by the […] The post Could Zero Fractional Reserves Cause a Bank Run? appeared first on BeInCrypto.
2020-4-15 08:52 | |
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The European Central Bank (ECB) expects the European economy to suffer a more severe recession than the global economy. Countries across the euro area will experience “a deep recession,” which entails unprecedented funding needs of more than €1 trillion ($1.
2020-4-16 05:35 | |
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Deutsche Bank analyst Marion Laboure said that the major central banks that recently formed a think tank to explore digital currencies might take concrete actions within three years. The global pandemic is accelerating the process.
2020-4-11 23:26 | |
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Quick take: The three major economies of China, France, and South Korea have recently been linked with expressing interest in launching their own Central Bank Digital Currencies. Interest in crypto by private citizens has risen slowly but surely after numerous signs of a global recession.
2020-4-11 16:29 | |
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As central banks around the world inject trillions into the global economy, investors are looking at bitcoin and its "halving" as a hedge against inflation.
2020-4-9 15:18 | |
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The world is finally cozying up to Bitcoin in a pretty serious way, and that has even been fueled by the current Coronavirus global pandemic that has many central banks encouraging the use of cashless means of payment.
2020-4-6 17:10 | |
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The coronavirus outbreak has sent shockwaves through the world’s economy and this has caused politicians and central bankers to react in various ways. However, global market leaders, Wall Street CEOs and hedge fund managers had one of the best years in more than a decade since the 2008 financial crisis.
2020-4-5 20:50 | |
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The biggest global emergency of the century, COVID-19 pandemic has the Treasury officials trying to decide on how much they can spend to fight the novel coronavirus. Before the financial crisis in 2008, people relied on commercial banks to create money, which was in the form of loans.
2020-3-30 19:00 | |
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Bitmain cofounder Jihan Wu’s recent interview discusses some of his predictions concerning the future of bitcoin, mining, the bitcoin halving, and the cryptoconomy. Despite the coronavirus outbreak and its effect on the global economy, Wu is optimistic and he believes the modern central banks’ loose monetary policy infecting the world will bolster the value of […] The post ‘Bull Run May Not Come Immediately After Bitcoin Halving,’ Says Bitmain’s Jihan Wu appeared first on Bitcoin News.
2020-3-28 17:01 | |
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Retail interest in cryptocurrencies is growing as COVID-19 shakes markets and central banks take drastic steps to steady the global economy, the firm says.
2020-3-26 18:00 | |
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China has reportedly made significant progress with the basic functions of its proposed central bank digital currency (CBDC) based on patent filings submitted by Chinese fintech giant Alipay. Beijing Inching Closer to CBDC Issuance According to the Global Times, Alipay filed five patents related to its work on China’s planned CBDC between January 21 andRead MoreRead More.
2020-3-24 22:00 | |
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The People's Bank of China is getting nearer to releasing its digital currency, reports The Global Times. According to the latest report, China’s central bank in collaboration with private companies has completed the development of the basic function of the autonomous digital currency and is now drafting laws for its circulation. Many companies in the […]
2020-3-24 18:23 | |
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Shares of H&M dropped by more than 14% on Thursday morning after the company reported a smaller-than-expected increase in second-quarter profits. The disappointing earnings report also raised concerns about the retailer’s June sales and its ability to meet full-year profit margin targets.
In its latest report, Sweden’s Riksbank stressed the necessity for extensive technical and regulatory development to ensure secure offline payments with e-kronas. Sweden’s central bank, Riksbank, cautioned in its recent research note on CBDCs about the potential risks associated with…
The CEO of Btc.x mentioned the possibility of governments considering the MiCA framework inadequate, leading to a two-sided power dynamic.
The EU's Digital Finance Package proposal, known as DAC8, has recommended that crypto asset service providers report their clients' transactions to help combat tax-related criminal activities.
Corite is a Web3 engagement platform designed to help artists raise funds. Corite has raised over $1 million for its artists through Fan Campaigns so far. It currently has over 100,000 users. Corite, the Swedish music-tech startup, will host a sale of NFTs that let fans get a share of British rapper Central Cee’s hits.
Sweden is doing away with tax incentives for data centers come July. This decision could affect bitcoin (BTC) miners who had turned to Nordic country to increase their profitability
The Swedish central bank’s third report on a potential CBDC raised several issues while focusing on a rather narrow question.