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Fed Completes First Test With Digital Dollar, Releases Results
In its New York subsidiary, the U.S. Federal Reserve (Fed) completed the first test of Project Cedar, the initiative testing a central bank digital currency (CBDC). The New York Innovation Center (NYIC) carried out this first phase and highlighted the potential for digital assets and blockchain technology to improve legacy payment rails. Related Reading: Twitter […] дальше »
2022-11-5 21:19 | |
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Bank With Crypto Companies at Own Risk, Warns Fed Top Regulator
The interconnection between crypto companies during the market downturn over the past year highlighted the potential risks for banking organizations that become involved with them. The post Bank With Crypto Companies at Own Risk, Warns Fed Top Regulator appeared first on BeInCrypto. дальше »
2022-10-13 15:00 | |
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Revolut Said to Be Under Pressure From Regulator Over Risk of 'Material Misstatement' in Auditing: Report
Crypto-friendly digital bank Revolut is under pressure from U.K. regulators after "unacceptably high" risk of "material misstatement" was highlighted in the auditing of its accounts, the Financial Times reported Monday. дальше »
2022-9-6 15:49 | |
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Bank Of Canada Asserts Cryptocurrencies Create No Big Risks To The Economy Yet
Canada’s apex bank does not see cryptocurrencies as a major threat in tilting the balance of the financial ecosystem. The Bank’s Deputy Governor shared this sentiment in a symposium but highlighted the potential powers of stablecoins. дальше »
2021-11-27 23:31 | |
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Bank of Canada CBDC Insight: Zero-Knowledge Proof Are Insufficient for National Scale Integration
A recent analytical staff note by the Bank of Canada on CBDC's has highlighted that higher privacy levels may come at a cost. The bank summarized possible privacy CBDC frameworks as it looks to advance research and development in this space. дальше »
2020-7-1 20:54 | |
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Bitcoin Market Now More Valuable than Citigroup as Pandemic Bites Harder
Even though the price of Bitcoin crashed about a month ago, it has still performed satisfactorily on average, even amid the ongoing coronavirus pandemic. A recent report from crypto firm TradeBlock has highlighted Bitcoin’s performance, comparing this performance with that of bank stocks. дальше »
2020-4-14 19:28 | |
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Bitcoin: An Option Call Against the ‘Wrecking Ball’ that is the Dollar
The Federal Reserve’s emergency interest rate cut this week highlighted that the central bank is anticipating the troubled times ahead. Raoul Pai, the CEO of Real Vision Group, says Bitcoin, like gold, is emerging as a worthy hedge against the potential demise of the dollar. дальше »
2020-3-7 01:00 | |
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Bank of England Executive Supports Calls for CBDC Issuance
Sarah John, chief cashier of the Bank of England (BoE) says governments should seriously consider creating central bank digital currencies (CBDC) as a countermeasure to private crypto projects. Central Banks Need to Dominate Digital Currency Space Speaking to the Telegraph, John highlighted the need for central banks to consider CBDC as a viable option. дальше »
2020-2-25 20:00 | |
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BoE Economist; Speculation in Crypto Markets Reduces Bitcoin’s Transactional Value
A senior Economist at U. K’s central bank has published a working paper on how speculation affects the value of digital currencies. Peter Zimmerman, a BoE economist, highlighted that crypto coin users are mostly speculative making it hard to realize the transactional value of digital assets like Bitcoin. дальше »
2020-2-19 21:54 | |
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Bitcoin Highlighted as Fed Continues Pumping Liquidity Into Economy
In spite of news that the economy appears stable, the Federal Reserve Bank of New York (Fed) had continued injecting liquidity into the market. The most recent action involved an almost $58 billion repurchase (repo) agreement. дальше »
2019-12-23 21:20 | |
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Bitcoin Usage in Nigeria Surging Despite Govt. Caveats
The Central Bank of Nigeria (CBN) has warned that bitcoin and digital currencies are not legal tenders but Nigerians don’t seem to care. Bitcoin Adoption Rising Despite Apex Bank, Senate Warnings In its December 2019 edition of ‘The Nigerian Banker’, the Chartered Institute of Bankers of Nigeria (CIBN) highlighted how bitcoin is booming in Nigeria, despite the central bank’s anti-crypto stance. дальше »
2019-12-9 22:33 | |
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Kuwait’s Boubyan Bank teams up with Ripple; is the company using ‘small banks’ to take on the ‘juggernauts?’
Although XRP’s poor performance in the market has rung a few alarm bells, Ripple has managed to assuage the community by promoting enormous growth in terms of its global footprint and mainstream partnerships. дальше »
2019-7-18 15:30 | |
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European Central Bank Executive Backs Central Bank Digital Currencies
In his speech published May 27, 2019, Vitas Vasiliauskas, a Governing Council member of the European Central Bank, highlighted the benefits of a central bank digital currencies (CBDC). The Council member referred to some of the major drawbacks that hinder its implementation. дальше »
2019-5-29 12:50 | |
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Samoan Central Bank Suspects Local Church of Running Crypto Ponzi Scheme
A report by RNZ published April 26, 2019, states that a Samoan church has been implicated in a global multi-billion cryptocurrency fraud scheme. Crypto Scam Knocks the Doors of Churches The tentacles of crypto-based crimes now seem to have gripped religious institutions as highlighted by a recent development in the Oceania. дальше »
2019-4-28 01:00 | |
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KTB, Shwebank and Everex receive Bank of Thailand approval for blockchain remittance
CryptoNinjas It was announced earlier this month that the Central bank governors of Thailand and Myanmar endorsed the “Krungthai and Shwe Remittance“ project, powered by blockchain based payment company Everex. дальше »
2019-4-9 21:31 | |
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Judge Delays Decision to Appoint Legal Counsel for QuadrigaCX Creditors
A group of lawyers from some of Canada’s top law firms convened in a court in Halifax, Nova Scotia, today to secure the right to represent creditors in the ongoing QuadrigaCX litigation. дальше »
2019-2-15 01:45 | |
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Illusion of Independence, IMF & World Bank Used as “Conventional Weapons” by US Military
“Some of the best weapons do not shoot,” states the leaked military manual titled “Army Special Operations Forces Unconventional Warfare” that was recently highlighted by WikiLeaks where the US Army states that major global financial institutions such as IMF and World Bank are used as unconventional financial weapons in times of not only conflict but […] дальше »
2019-2-10 23:43 | |
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Governor of China’s central bank defines STOs as illegal financial activity in the country
The People’s Bank of China (PBoC), the country’s central bank, highlighted the illegality of Security Token Offerings (STOs) in the country, South China Morning Post reported on December 9. Pan Gongsheng, a deputy governor of China’s central bank, told a summit in Beijing “that ‘illegal’ financing activities through STOs and ICOs (Initial Coin Offerings) were […] дальше »
2018-12-10 09:29 | |
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Deputy governor of China’s central bank defines STOs as illegal financial activity in the country
The People’s Bank of China (PBoC), the country’s central bank, highlighted the illegality of Security Token Offerings (STOs) in the country, South China Morning Post reported on December 9. Pan Gongsheng, a deputy governor of China’s central bank, told a summit in Beijing “that ‘illegal’ financing activities through STOs and ICOs (Initial Coin Offerings) were […] дальше »
2018-12-10 09:29 | |
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BitGo Hires Trust Company Veteran as CEO of Its Custody Arm
BitGo has a new CEO for its custody business. The cryptocurrency solution provider has recruited Richard Corcoran as its new chief executive officer. Having retired some years back after over 30 years in the traditional banking and finance industry, Corcoran has come out of retirement to lead the BitGo Trust Company, BitGo's crypto custody arm. дальше »
2018-12-8 21:38 | |
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With the CBAC, East Meets West in Search of Adoption and Innovation
The noise that surrounds economic relations between the United States and China is amping up exponentially. You can thank the latest trade wars for that, as fresh tensions boil over between the two nations who are currently trading new tariffs on imports, with no shortage of ill will underpinning the moves. дальше »
2018-10-10 23:38 | |
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Swell 2018: Banco Santander Reveals Expansion Plan for Its Ripple-enabled OnePay FX
In his speech at Swell 2018, the Head of Innovation of Banco Santander highlighted Ripple's active role in improving bank customers’ experience. The post Swell 2018: Banco Santander Reveals Expansion Plan for Its Ripple-enabled OnePay FX appeared first on CoinSpeaker. дальше »
2018-10-2 13:38 | |
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IBM/MIT Connection Science Issue Report on the Role of Blockchain in Government
On September 24, 2018, MIT Connection Science and IBM issued a 41-page joint report on the results of three roundtable discussions on the role of Blockchain in government. дальше »
2018-9-27 22:12 | |
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Kraken: An Overview of One of Europe's Top Bitcoin Exchanges
In this overview, we explore Kraken and its journey from a Mt. Gox alternative to soften the blow of bitcoin’s dependence on just one exchange to becoming one of the most respected cryptocurrency exchanges in the world. дальше »
2018-9-27 21:21 | |
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How Blockchain Promotes International Trade, Identity and Financial Inclusion
International trade, people without identity and financial exclusion are global development areas that stand to be radically improved with blockchain technology, according to Michelle Chivunga, regional advisor for the British Blockchain Association. дальше »
2018-7-31 19:50 | |
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Bank of Canada Paper says CBDCs Will Bring Economic Gains
Countries that are still thinking of whether to introduce a central bank digital currency or not should find the decision easier to make now. A new research paper released by S. Mohammad R. Davoodalhosseini of the Bank of Canada on Thursday highlighted the economic gains that can be realized when a country issues a domestic […] The post Bank of Canada Paper says CBDCs Will Bring Economic Gains appeared first on ZyCrypto. дальше »
2018-7-27 18:58 | |
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Fed Chairman Jerome Powell Warns Against Cryptocurrencies Yet Again
According to CNBC, US central bank’s chair Jerome Powell has asked investors to be cautious while investing in cryptocurrencies. Speaking to the members of the Congress on Wednesday, he warned people about serious risks they could get exposed to if they invest in digital currencies. дальше »
2018-7-19 18:24 | |
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EU Report: State Cryptocurrencies Could Create a Stable Financial System
An EU report has concluded that central bank digital currencies (CBDCs) could pave the way towards a more stable financial system due to their ‘disruptive’ ability. It also recognised the opportunities for oppressed countries to use cryptocurrencies, but highlighted the risks of volatility in the crypto market. дальше »
2018-6-27 23:00 | |
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World Refugee Day: How Digital Identities Can Help a Population in Crisis
According to statistics from the United Nations Refugee Agency, there are 25. 4 million refugees in the world and some 3. 1 million asylum seekers. On this year’s World Refugee Day, we’re reminded of the perpetual crises that plague our international communities and the displaced individuals they create. дальше »
2018-6-21 02:28 | |
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