Sanctioned Russian Bank Tests In-app Operations With Digital Rubles – Finance Bitcoin News
A Russian bank, one of the country’s largest by assets, has conducted a successful trial with digital ruble transactions processed...
Finance
Reddit Co-Founder Alexis Ohanian’s Seven Seven Six Targets $177M for a Crypto-Centric Fund Called Kryptós – Finance Bitcoin News
According to a recent report, the venture capital firm founded by Alexis Ohanian, Seven Seven Six, is planning to raise...
Russian PM Says Digital Assets Are ‘Safe Alternative’ in Foreign Trade, Urges for Ruble Payments – Finance Bitcoin News
Russian Prime Minister Mikhail Mishustin has praised digital assets as a payment instrument that could strengthen Russia’s financial independence. The...
Bank of Russia Eases Restrictions on Purchases of Dollar and Euro Cash – Finance Bitcoin News
The Central Bank of Russia has relaxed some limitations for Russian banks selling U.S. dollars and euros to the public....
Market Strategist Expects Stock Market to Drop 50% From Here, Says There’s ‘Going to Be No Middle Class Left’ – Finance Bitcoin News
Following Jerome Powell’s hawkish commentary at the annual Jackson Hole Economic Symposium, major stock indexes, cryptocurrencies, and precious metals slid...
EUR Drops Below USD for the Second Time in 20 Years, Greenback’s Strength Leads to Largest Weekly Rise Since March 2020 – Finance Bitcoin News
The U.S. dollar has been very strong compared to a myriad of fiat currencies worldwide and this week, the euro...
Analyst Says if Silver Dips Below $18, Precious Metal Could ‘Get Absolutely Smoked’ — Morgan Report Founder Expects a Supply Crunch – Finance Bitcoin News
While gold’s been teetering along at just under $1,750 per ounce, the price of silver has dropped considerably, sliding 2.33%...
US Federal Reserve Board Unveils Final Guidelines Used When Reviewing Requests for Access to Master Accounts – Finance Bitcoin News
The U.S. Federal Reserve Board has said it has released the final guidelines which are set to be used by...
CME Group to Offer Market Participants Ethereum Options 3 Days Before the Merge – Finance Bitcoin News
Three days before Ethereum’s transition from proof-of-work (PoW) to proof-of-stake (PoS), the world’s largest derivatives marketplace in terms of volume,...
Coinbase Could Be a Material ‘Beneficiary’ of Ethereum’s Merge Transition, JPMorgan Analyst Says – Finance Bitcoin News
JPMorgan analyst Kenneth Worthington says digital currency exchanges like Coinbase will end up being a meaningful “beneficiary” of Ethereum’s long-awaited...
Bank of Russia Aims for Full Launch of Digital Ruble in 2024 – Finance Bitcoin News
The Central Bank of Russia plans to begin the comprehensive implementation of the digital ruble two years from now, according...
Philippines’ Unionbank to Support Cryptocurrency Exchange via Mobile App – Finance Bitcoin News
Union Bank of the Philippines, commonly known as Unionbank, has announced the upcoming launch of another crypto service for its...
Reserve Bank of Australia to Pilot Digital Currency, Explore Use Cases – Finance Bitcoin News
The monetary authority in Australia is beginning research into the potential economic benefits of issuing a central bank digital currency....
Report Shows Crypto Startups Raised $30.3 Billion in H1 2022, Exceeding Total Raised in 2021 – Finance Bitcoin News
While cryptocurrency markets have seen poor performances during the first two quarters of 2022, a recently published fundraising report authored...
Nepal Prepares to Issue Digital Currency, Drafts Necessary Amendments – Finance Bitcoin News
A task force in Nepal has proposed legal changes allowing the country’s central bank to issue its own digital currency....
Portuguese Banks Close Accounts of Crypto Exchanges, Media Reveals – Finance Bitcoin News
Major Portuguese banks have started closing or refusing to open accounts for cryptocurrency platforms such as exchanges, according to media...
CBDC Could Be ‘Holy Grail’ of Cross-Border Payments, ECB Says, Sees Bitcoin as Less Credible – Finance Bitcoin News
Several solutions can potentially improve cross-border payments significantly and central bank digital currency (CBDC) could be the “holy grail,” according...
Israel Prohibits Cash Deals for Amounts Starting as Low as $1,700 – Finance Bitcoin News
New legislation introducing tighter restrictions on payments with large sums of cash will enter into force in Israel on Monday....
ECB Economists Suggest Limiting Access to Digital Euro to Protect Banks – Finance Bitcoin News
A group of economists evaluating the potential effects of a digital euro have insisted that restricting access to the upcoming...
Bank Indonesia Prepares to Issue Digital Rupiah as Legal Tender for Digital Payments – Finance Bitcoin News
The central bank of Indonesia is working to issue a wholesale digital rupiah. The new currency is meant to be...
ECB’s Lagarde, Panetta See Digital Euro as More Efficient Payment Means Than Crypto – Finance Bitcoin News
Unbacked cryptocurrencies are not an efficient means of payment and stablecoins are vulnerable to runs, top officials at the European...
Bank of Russia Says Stablecoins Are Not Suitable for Settlements – Finance Bitcoin News
The Central Bank of Russia has spoken out against stablecoins, which it says are highly risky and not fit for...
