DeFi protocols show resilience despite this week’s macro crash: IntoTheBlock

DeFi's resilience amid market turmoil underscores its potential to operate autonomously and maintain stability without central intervention. The post DeFi protocols show resilience despite this week’s macro crash: IntoTheBlock appeared first on Crypto Briefing.

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Will Bitcoin benefit from a European Central Bank rate cut?

The ECB is widely anticipated to implement a 0.25% rate cut this week, following seven consecutive months of inflation easing across the eurozone.

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Philippines' Central Bank Gives Approval to Coins.ph to Pilot Stablecoin in Key Remittance Market

Philippines' central bank has given its approval to digital currency exchange Coins.ph to pilot a Philippine Peso backed stablecoin called PHPC, the company said last week.

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El Salvador Has Thousands More Bitcoins Than Previously Known

The Central American nation moved $400 million in BTC into a cold storage wallet this week.

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Is Memeinator a ‘buy’ as Bitcoin hits a new all-time high?

Bitcoin can be used as a “hedge” to government spending, says Ivory Johnson. He’s the founder of Delancey Wealth Management. Bitcoin recorded a new ATH this week Johnson does not expect the U. S. central bank to cut rates in March.

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Indian Payments Authority executive supports RBI’s efforts in CBDC development

Dilip Asbe, the managing director of the National Payments Corporation of India (NPCI), recently voiced his support for the Reserve Bank of India’s (RBI) innovative central bank digital currency (CBDC) initiatives.

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FTX Lesson: Crypto Needs the Press, the Press Needs Crypto

CoinDesk played a central role in this week’s FTX meltdown, following our coverage of Alameda Research’s suspect balance sheet last week. But the crypto industry's maturation and eventual success requires that we flesh out these unstable structures and bad practices.

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China’s national cryptocurrency is getting more ominous

China’s central bank governor gave an update on the national currency being developed this week Anonymity and privacy will be protected, he argues Our Analyst Dan Ashmore is not so sure, believing these digital currencies are potentially very dystopian Having said that, there are advantages to the nascent concept, too But with China leading the […] The post China’s national cryptocurrency is getting more ominous appeared first on CoinJournal.

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Dragonfly Wins The G20 Techsprint 2022 Through Its Proposed Solution For Global CBDC

Dragonfly Fintech, a blockchain-powered fintech solution, was recently announced as the winner of the G20 TechSprint competition organized to develop central bank digital currency (CBDC). The announcement was made last week by the Bank of International Settlements (BIS) Innovation Hub and the Bank of Indonesia in a live awarding ceremony in Jakarta. Dragonfly won the […]

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Iran to Start Testing a Digital Rial This Week

The country's central bank published a draft document outlining goals and and opportunities for a central bank digital currency in August.

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Afghan Authorities Shut Down 16 Crypto Exchanges in One Week: Report

Police reportedly closed the exchanges and arrested their staff after Afghanistan's central bank stated that digital currency trading should be stopped citing problems and scams.

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Crypto Markets Look To This Week’s Jackson Hole Economic Policy Symposium For Further Direction

This week, the annual Jackson Hole Economic Policy Symposium will be held from August 25-27 in Wyoming, US. The symposium draws participants from central bankers, finance ministers, policymakers, academics, and other financial market participants worldwide.

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In Conversation With the Federal Reserve Chief Innovation Officer

I had the pleasure of speaking with the Federal Reserve System’s Sunayna Tuteja at Consensus 2022 in Austin, Texas, last week about the U.S. central bank’s philosophical approach to innovation at large. You can watch and read the conversation below.

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G7 says crypto regulation must be swift and comprehensive

Finance Ministers and Central Bank Governors from the G7 met last week to discuss global economic conditions, including cryptocurrency. The post G7 says crypto regulation must be swift and comprehensive appeared first on CryptoSlate.

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French central banker says the G7 plans to discuss crypto regulations

The Group of Seven (G7) will likely discuss crypto regulation in a finance meeting this week in Germany. The post French central banker says the G7 plans to discuss crypto regulations appeared first on CryptoSlate.

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Terra's Collapse Makes G7 Officials Discuss New Crypto Regulation This Week

Head of French Central Bank shared with Reuters some details of the upcoming G7 meeting agenda

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This is why the IMF hates Bitcoin

Last week, the crypto community was taken aback as the Central Bank of Argentina moved to prohibit retail banks from providing Bitcoin and cryptocurrency services. The post This is why the IMF hates Bitcoin appeared first on CryptoSlate.

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Chilean Digital Peso Would Need to Work Offline, Central Bank Governor Says

Design principles are due out later this week, though no final decision has been taken on the digital peso.

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Fed ‘will determine the fate of the market’ — 5 things to know in Bitcoin this week

The U.S. central bank will make what is becoming a monthly dictation of what markets do this week with a new rate hike announcement.

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Crypto Market Forecast: Week of May 2nd 2022

A curated weekly summary of forward-focused crypto news that matters. This week, the Central African Republic adopts Bitcoin, Brazil votes in a new cryptocurrency regulation bill, and Cardano is the biggest loser amongst large-cap assets.

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Crypto Funds See Outflows as Bitcoin Gets More 'Interest-Rate Sensitive'

Some $97 million flowed out of digital asset funds in the week through April 15 as investors adjusted to a hawkish Fed discussion on shrinking the central bank's balance sheet.

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First Mover Asia: Bitcoin Set to Close Week Underperforming Major Japan, China Stocks

Investors in the region were more risk-averse this week amid fresh evidence of the U.S. central bank's commitment to hawkish monetary policy and an unsettled macroeconomic environment; cryptos were mixed.

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Lawmakers Keep Mentioning Privacy in CBDC Discussions

Hey folks. We’re still talking central bank digital currencies and digital dollars, so this week's State of Crypto has some quick and vaguely unhinged thoughts on recent actions and statements on this front.

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CEO of WAX Blockchain: Every Industry Will Have NFTs

At the Binance Blockchain Week in Dubai last week, William Quigley predicted that NFTs will be adopted into our daily lives on a mass scale. The Worldwide Asset eXchange (WAX) co-founder and CEO hailed the new Web3 era as a release from the shackles of central control.

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Crypto exchange founder asks EU to investigate if Binance is ‘helping’ Russia

European Central Bank president Christine Lagarde also said this week that Russians were using… The post Crypto exchange founder asks EU to investigate if Binance is ‘helping’ Russia appeared first on Coin Journal.

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Mexico’s Central Bank to Launch its Digital Currency in Next 3 Years to “Advance Financial Inclusion,” says the Government

The central bank of Mexico will launch its own digital currency by 2024, announced the Mexican government on social media. “Banxico reports that it will have its own digital currency in circulation by 2024,” the Mexican government wrote on its official Twitter account this week.

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This is how the central bank can bar Russians from buying Bitcoin

Last week, sources in the financial markets industry revealed that Russia’s central bank (Centrobank) wants to bar the country’s residents from buying Bitcoin and other cryptocurrencies.   Consequently, one of the currently considered ways of doing so is to block certain merchant category codes (MCCs), a knowledgeable source revealed to Forbes today.

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Big Week Ahead In Crypto with Central Banks Meeting, What’s Happening in the Bitcoin Market?

Bitcoin price spiked on Sunday to reclaim $50,000 only to be back under this level before the end of the day. On Monday, as of writing, BTC/USD is trading just above $48k. The cryptocurrency is still up more than 81% from its year low of about $27,700 in early January but down about 30% from […] The post Big Week Ahead In Crypto with Central Banks Meeting, What’s Happening in the Bitcoin Market? first appeared on BitcoinExchangeGuide.

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Crypto Market Deleverages, El Salvador Buys 420 BTC on Latest Dip, & Fiat Currencies Waiting on Central Banks’ Direction

Since hitting a new all-time high at $67,000 last week, Bitcoin has been taking a breather. The leading cryptocurrency’s recent peak came as the first Bitcoin exchange-traded fund made its debut.

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Sanctioned Russian oligarch urges central bank to embrace Bitcoin

The U.S. Treasury asked cryptocurrency companies to ensure compliance with sanctions last week.

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Georgia to Test Its Digital Currency in Preparation for 2022 Launch

Digital currencies are becoming popular globally, and Georgia is set to be the latest nation to delve into CBDC with plans to launch the digital Lari in 2022. National Bank of Georgia to Launch Digital Currency In 2022 According to an announcement by National Bank of Georgia (NBG) Vice President Papuna Lezhava earlier this week, the Central BankRead More

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SEC Chair Gensler: SEC Will Not ‘Ban’ Crypto

U. S. Securities and Exchange Commission (SEC) Chairman Gary Gensler reiterated to Congress this week that the SEC has no plans to ‘ban’ cryptocurrencies. In a direct reply to North Carolina Congressperson Ted Budd regarding any considerations of banning crypto to promote a central banking digital currency, or CBDC, Gensler stated “no, that would be up to Congress.

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Cryptoization: IMF Lays Guidelines For Dealing With Crypto Adoption In Developing Economies

The International Monetary Fund (IMF), last week highlighted snippets from its semi-annual Global Financial Stability Report calling on central banks to take appropriate steps to regulate the wave of ‘cryptoization’ sweeping through most emerging economies.

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U.S. Federal Reserve might begin CBDC review process this week: Report

The United States Federal Reserve (Fed) might soon release its plans to initiate a review of the risks and benefits of issuing a central bank digital currency (CBDC). While the Fed has shown patience The post U.

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Fed Launching Digital Dollar Review This Week, Hong Kong’s Central Bank Publishes Technical Whitepaper on Retail CBDC

Meanwhile, Bank of Japan Governor Haruhiko Kuroda showed concerns towards stablecoins which are “closely linked to the central bank currency,” as they could have “some impact on the financial system.

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BoE Selects Consensys, R3, eCurrency, Diem Association & Other Banking and Payments Giants to Help with its CBDC

This week, the Bank of England announced the membership of the central bank digital currency (CBDC) Engagement and Technology Forums. The creation of the groups was first announced in April this year alongside the CBDC task force to explore the potential of a UK CBDC.

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Bitcoin price prediction amid a hawkish monetary policy environment

The Bitcoin (BTC/USD) price is in a tight range as investors reflect on the relatively hawkish environment among the biggest central banks in the world. It is trading at $44,220, which is slightly above this week’s low at $39,620.

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Survey reveals majority of Brazilians support El Salvador's Bitcoin move 

Despite El Salvador enduring a bumpy first week of making Bitcoin legal tender, different regions have showcased interest in the same. Neighboring Central American countries such as Panama, HonduraThe post Survey reveals majority of Brazilians support El Salvador's Bitcoin move  appeared first on AMBCrypto.

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South African Central Bank Warns Citizens Against Accepting Tainted Banknotes

A week after more than 1,400 ATMs in South Africa were attacked during a looting spree, the country’s central bank is now asking citizens to reject banknotes that are stained with traces of blue and green ink.

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Bitcoin Rises Ahead of ECB Special Meeting

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The best platforms to buy Sanshu Inu coin online: the next Dogecoin?

Sanshu Inu coin (SANSHU) has been one of the most avidly discussed cryptocurrencies this week. After the impressive rise of Shiba Inu themed cryptocurrencies, Dogecoin and Shiba Inu coin, could SANSHU be the next altcoin to surge in value? This article investigates the value proposition of the crypto, delving into its origins, the central purpose […] The post The best platforms to buy Sanshu Inu coin online: the next Dogecoin? appeared first on Invezz.

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Tanzania’s President Calls For Central Banks To Work Towards Crypto Acceptance

Bitcoin and crypto adoption was all over the place last week and it seems like the trend might continue this week as well Following the recent events of El Salvador’s President Nayib Bukele announcing the acceptance of Bitcoin as a legal tender, this has sparked a domino effect of other Central and South American countries […]

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Bitcoin dumps 9% even as Central American leaders endorse the asset

Bitcoin dropped 9% on Tuesday morning even as Central American leaders switched to ‘laser eyes’ this week, data from multiple sources shows. The post Bitcoin dumps 9% even as Central American leaders endorse the asset appeared first on CryptoSlate.

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RBI governor “surprised” that Indian banks cited 2018 laws to block crypto users

Reserve Bank of India (RBI) governor Shaktikanta Das said this week the central bank has ‘no change’ with regards to its approach towards the crypto sector, local outlet Business Standard reported today.

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Will Nigeria Lead The Digital Currency Movement In Africa?

Nigeria’s apex regulatory bank, The Central Bank of Nigeria (CBN), earlier this week hinted at its plans to create a digital Naira. Godwin Emefiele, the nation’s CBN Governor, made this disclosure at a Monetary Policy meeting held in Abuja, the country’s capital.

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Leveraged Crypto Trading is a Threat to Financial System, Warns Bank of Korea 

Earlier this week, head of South Korea’s central bank Lee Ju-yeol warned that leveraged crypto trading was a threat to the country’s financial system.   “An excessive level of leveraged cryptocurrency trading puts households at risk of financial damages considering the instability of [crypto],” he said.

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European Central Bank Publishes Risk Report on Bitcoin, Compares the Crypto to the Tulip Mania

Earlier last week, the European Central Bank published a new report on the financial stability of the European Union. The report, titled the Financial Stability Review (FSR), detailed potential risks of Bitcoin and other crypto-related assets.

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Fed Begins to Taper QE- US Central Bank Removes $351 Billion in Liquidity via Reverse Repos

After pumping extreme amounts of liquidity into markets, the U.S. Federal Reserve seems to be tapering back monetary easing policy via reverse repos (RRP). Following this week’s published minutes report from the Fed’s April monetary policy meeting, it seemed as though members of the central bank were prepared to discuss rolling back large-scale Treasury and […]

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Fed Chair Jerome Powell Says Dogecoin and Gamestop Hype Highlights ‘Froth in Equity Markets’

Federal Reserve Chair, Jerome Powell, discussed a number of topics this week such as inflation and central bank digital currencies (CBDCs) following the multi-day Federal Open Market Committee (FOMC) meetings.

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