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SWIFT says it has reached a 'breakthrough' in recent CBDC experiments
5.10.2022
"For CBDCs, our solution will enable central banks to connect their own networks simply and directly to all the other payments systems in the world through a single gateway," said chief information officer Tom Zschach
Can Cryptocurrencies Replace Fiat Currencies?
5.10.2022
Perhaps you have been wondering if cryptocurrencies could replace fiat currencies someday. Whether there is a good chance or there appear to be strong odds, it will be up to you to decide. Here are some of the possibilities that you may want to consider. There Might Be A Good Chance When...
Saudi’s Recent Hiring Depicts a Change in the Approach Toward Cryptocurrencies
5.10.2022
Saudi Arabia was earlier reluctant to boost the wider adoption of cryptocurrencies. Since the government or any government officials did not back it, the region’s citizens were advised not to indulge in the exchange or trading of digital assets. Another factor that contributed to suppressing...
Binance and Kazakhstan to Share Information About Crypto-Related Crime
5.10.2022
Cryptocurrency exchange Binance has agreed to support Kazakhstan in ensuring the safe development of the country’s crypto market. The trading platform and Kazakhstan’s financial regulators intend to inform each other about cases involving the use of digital assets for illicit...
Middle East and North Africa are fastest-growing crypto markets: Data
5.10.2022
From institutional crypto usage in the United Arab Emirates to remittance payments in the Egyptian market, the last year revealed major growth for crypto in the MENA region
Nasdaq needs clear regulations to launch crypto exchange, says VP
5.10.2022
Nasdaq said that the retail side of the crypto market is quite saturated at the moment with many service providers looking to fulfill retail investors’ needs
Billionaire Hedge Fund Founder Ray Dalio Steps Down as Co-CIO of Bridgewater Associates
5.10.2022
Billionaire hedge fund founder Ray Dalio has stepped down as chief executive of Bridgewater Associates, according to a transfer of voting rights on September 30. Bridgewater’s co-chief executive explained on Tuesday that “Ray no longer has the final word,” in regard to...
Pro-Russian Groups Raised $400,000 in Crypto Since Ukraine Invasion, Report Reveals
4.10.2022
Groups supporting Russia’s war effort in Ukraine have been actively collecting cryptocurrency to fund paramilitary operations and evade sanctions, researchers say. According to a new report, these organizations use Telegram to raise money then used to pay for equipment and training....
Basel Committee: Banks worldwide reportedly own €9.4 billion in crypto assets
4.10.2022
The study found that banks mostly held volatile cryptocurrencies and had little exposure to stablecoins
European Parliament members vote in favor of crypto and blockchain tax policies
4.10.2022
The resolution recommended authorities in the parliament's 27 member states consider a “simplified tax treatment” for crypto users involved in occasional or small transactions
Grayscale Bitcoin Trust terminates material agreements with Genesis
4.10.2022
Genesis will no longer be involved in GBTC's main operations, but will still act as a liquidity provider
Blockchain Intelligence Reveals Pro-Russian Groups Raising Funds Through Cryptocurrencies
4.10.2022
Pro-Russian paramilitary groups are raising bitcoin (BTC) and other cryptoassets to fund their operations and evade sanctions as the invasion of Ukraine continues, reported CNBC, citing a research report published Monday by TRM Labs, a digital asset compliance and risk management company.
From...
Bitcoin, Ethereum Technical Analysis: BTC Back Above $20,000, USD Hits 2-Week Low
4.10.2022
Bitcoin was back above $20,000 on Tuesday, as the U.S. dollar fell to its lowest point in two weeks versus several G7 currencies. The stronger dollar has impacted purchasing power in cryptocurrencies, and commodities like crude oil, which last week fell to a nine-month low. Ethereum was also...
Basel Committee crypto asset prudential treatment proposals get detailed responses
4.10.2022
The international financial community went long form to speak up for its interests as the Basel Committee on Banking Supervision continues to optimize banking regulation
Ether exchange netflow highlights behavioral pattern of ETH whales
4.10.2022
The Ethereum netflow chart shows that the spike in exchange flows has often come at a time when the price of ETH was trading at a short-term/long-term low
Mastercard launches new crypto fraud protection tool
4.10.2022
Mastercard’s new product allows banks to find and prevent fraud on crypto merchant platforms within its network
Cathie Wood's ARK Invest to offer crypto strategies to investment advisors
3.10.2022
In partnership with Eaglebrook, the strategies will be offered to registered investment advisors
Binance signs MoU with Kazakhstan to fight financial crime
3.10.2022
Binance claimed that its compliance infrastructure is among the best in the world which has helped them gain regulatory approval even in countries where they were deemed illegal until last year
Bank of Russia Adds Digital Assets to Banking Chart of Accounts
3.10.2022
Central Bank of Russia has introduced digital assets, including the digital version of the Russian ruble, to the recently published draft of the new banking chart of accounts. In the future, financial institutions will be able to provide data about operations with these assets. Russian Banks...
Uzbekistan Introduces Monthly Fees for Cryptocurrency Companies
2.10.2022
Crypto firms in Uzbekistan will have to pay fees to the state under new legislation proposed by regulators. The charges vary depending on the business activity and can reach $11,000 a month in the case of digital asset exchanges. Failure to pay will result in license suspension. Crypto Operators...