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Central Banks’ Renewed Gold Hunger Shows Need For A Hedge
11.11.2020
A new survey suggested that central banks may be on the hunt for a hedge – a search that may lead some directly to digital gold, bitcoin (BTC), albeit via the central banking sector’s default asset of choice: gold.
In a new report focusing on the status of gold reserves in central banks conducted...
One of the world's top banks issues bonds that can be bought with Bitcoin
11.11.2020
China Construction Bank has used blockchain technology to issue the first tranche of a planned $3 billion worth of debt
Major Chinese Bank Selling Bonds Worth $3 Billion for Bitcoin
11.11.2020
China Construction Bank, one of the “big four” banks in China, is selling $3 billion in bonds that can be paid for with bitcoin. The bonds will be listed on a regulated Malaysian digital asset exchange. Beijing-based China Construction Bank (CCB) is selling $3 billion in bonds...
‘Dr Doom’ Nouriel Roubini Admits Bitcoin May Be a Store of Value, Sees Big Revolution in Central Bank Digital Currencies
9.11.2020
Economist Nouriel Roubini, also known as “Dr. Doom,” has admitted that bitcoin may be a store of value. Roubini sees a “big revolution” coming in the next three years due to central banks launching their own digital currencies. Nouriel Roubini Sees Store of Value in Bitcoin...
Every Major Bank Will Have Exposure to Bitcoin, Says Renowned Fund Manager Bill Miller
9.11.2020
Veteran investor Bill Miller says that all major banks, investment banks, and high net worth firms will eventually have some exposure to bitcoin or something like it. He said that bitcoin’s staying power is getting better every day. Bill Miller’s Bullish Statements About Bitcoin...
Coronavirus Driving Interest in CBDCs, Say Central Bank Chiefs
6.11.2020
Central banks meeting in Russia said the coronavirus pandemic is a driving force behind growing interest in national digital currencies
Economy minister says Brazil will have its own CBDC
5.11.2020
Paulo Guedes said that the Brazilian real will have a digital counterpart and also highlighted the autonomy of the Central Bank
Major Spanish Firms Including Santander Unveil Blockchain Identity Project
5.11.2020
A group of Spanish companies including banks and energy firms is working to develop a "self-managed" digital identity system using blockchain technology
Bitcoin Volatility Expected to Rise After the US Presidential Election
4.11.2020
While the United States prepares for the results of the 2020 Presidential Election, a number of data points and traders expect some significant cryptocurrency price fluctuations this week. Statistics from skew.com show bitcoin’s 30-day implied volatility has increased to 59% while 3-6 month...
Russian Alfa-Bank joins HSBC-backed blockchain trade finance network
3.11.2020
A major global blockchain trade network welcomes one of Russia's largest banks
Federal Reserve Staff Sluiced Wall Street Bankers With Trillions From the Comfort of Their Mansions
3.11.2020
While American citizens wait for bureaucrats to pass a new coronavirus relief package, the Federal Reserve has continued to serve corporate interests and the banking cartel. Behind the curtains from the comfort of their own mansions, members of the Fed have given more stimulus to crony Wall Street...
US Banks Could Seek to Partner With or Buy Crypto Custodians, OCC’s Brooks Says
31.10.2020
The OCC's July ruling that allowed banks to provide custody spurred the newfound interest, Brooks said
OCC’s Brian Brooks Against Government Issued Digital Dollar – Supports Regulation of Privately Issued Stablecoins
31.10.2020
The acting director of the U.S. Office Comptroller of Currency (OCC) Brian Brooks says the creation of the U.S. digital dollar is a terrible one because the government is not good at building things. Instead, Brooks believes tech companies, which already possess the know-how, to be in a better...
Central Banks Dump Gold for the First Time Since 2010, Precious Metal Drops 9% Since August High
30.10.2020
A few central banks have started selling tons of gold for the first time since 2010 in order to ease the financial suffering from the Covid-19 pandemic. At $1,875 per ounce, gold prices are down -9.63% since the commodity’s high of $2,075 on August 6. Even though gold has dropped...
Russia’s Gazprombank gets green light for crypto custody in Switzerland
30.10.2020
Russian banks tap Bitcoin services abroad while the government at home sees no future for private cryptos
Mongolia’s largest bank to offer crypto-related services
30.10.2020
The country continues to make slow but sure steps on its way to being a crypto-friendly nation
Asian Banks Prepare Crypto Takeoff as Thailand’s SCB Revs DeFi Engines
29.10.2020
Siam Commercial Bank (SCB), one of Thailand’s biggest commercial banks, is set to invest in a local DeFi player through a subsidiary – in a week when banks all over Asia have shaped up to make major moves in the crypto scene.
Per an official announcement from the Thai “ecosystem of cross-chain DeFi...
Will they or won't they? Central banks eye each other's digital currency moves
29.10.2020
Canada's central bank recognizes that CBDCs are a necessarily international issue
South Korean, Mongolian Banks Prepare Crypto, Digital Fiat Offerings
29.10.2020
The Genghis Khan Equestrian Statue in Ulaanbaatar, Mongolia. Asian banks are edging yet closer to crypto and digital currency adoption – with South Korean and Mongolian banks unveiling ambitious new developments in the wake of reports of the launch of Singaporean giant DBS’ forthcoming digital...
Avanti launches crypto-friendly bank in Wyoming
28.10.2020
The Wyoming State Banking Board voted unanimously to grant Avanti a bank charter