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Limited Facebook's Libra Might Be Launched in January - Report
27.11.2020
Facebook-led digital currency Libra is preparing to launch as a single coin backed one-for-one by the dollar as early as January, the Financial Times reported, citing three undisclosed people involved in the initiative.
The other currencies and the composite would be rolled out at a later point...
Facebook-Led Libra Plans Dollar-Pegged Stablecoin Launch in January 2021: Report
27.11.2020
Libra might eventually get off the ground as early as January albeit in a more limited format
Gary Gensler Under Consideration for Deputy Treasury Secretary Role: Report
25.11.2020
Former CFTC Chair Gary Gensler, who's leading Joe Biden's financial oversight team, may be tapped as Deputy Treasury Secretary
US Intelligence Chief Raises Concerns With SEC Over China’s Crypto Dominance: Report
25.11.2020
U.S. spy chief John Ratcliffe was reportedly seeking clearer regulation around digital currency
BIS report suggests ‘embedded‘ monitoring tool for stablecoins
24.11.2020
After proposing automated ways to monitor global stablecoins like Libra, a new report from BIS argues that a better solution may ultimately be central bank digital currencies
GoDaddy Employees Tricked Into Transferring Control of Crypto Firm Domains: Report
22.11.2020
Cryptocurrency trading platform liquid.com and crypto mining firm NiceHash were two of at least six firms that had control of their domains briefly transferred
Chainalysis Sees Raising $100M in Venture Capital at $1B Valuation: Report
20.11.2020
Cryptocurrency investigation firm Chainalysis expects to raise $100 million venture capital at a $1 billion valuation as early as next week, the company told Forbes
German Finance Minister Says He Does Not Support Private Cryptos: Report
20.11.2020
Olaf Scholz said banks need to adapt for a digital world but seemed to rule out private digital currencies from that future
Report: Pandemic Response Pushed Global Debt to $272 Trillion in Q3, $5T in Borrowing Expected in Q4
20.11.2020
The Institute of International Finance (IIF) says global debt will soar to a record $277 trillion by the end of 2020 as governments and companies continue to spend in response to the COVID-19 pandemic. Already, the debt has ballooned by $15 trillion this year to $272 trillion through September....
Deutsche Bank: Investors Increasingly Choose Bitcoin Over Gold to Hedge Dollar Risk, Inflation
20.11.2020
Deutsche Bank’s strategist Jim Reid reportedly wrote that investors are increasingly demanding to use bitcoin instead of gold to hedge dollar risk and inflation. His research concurs with one recently published by JPMorgan’s analysts that shows institutional investors moving from gold...
Goldman Sachs Expects Digital Yuan to Reach 1B Users Within 10 Years
20.11.2020
Goldman Sachs predicts China’s digital yuan will attract 1 billion users within a decade, helping China’s commercial banks compete with fintech companies
Everything The Felder Report got wrong about Bitcoin
19.11.2020
Former hedge fund manager Jesse Felder claimed, among other things, that hard forks were “multiplying the number and type of Bitcoins in circulation.”
Thai SEC Revises Net Capital Rules in Bid to Open Liquidity, Support Digital Asset Businesses: Report
18.11.2020
The revised requirements are aimed at adding liquidity to the Thai market, while also allowing digital asset businesses to hold part of their required capital in cryptocurrencies
Robinhood Gearing Up for Potential IPO in Early 2021: Report
17.11.2020
Robinhood is looking for a banking team to partner in an IPO that could come next year
Huobi Eyes Bithumb Takeover Deal – Report
17.11.2020
Chinese crypto exchange heavyweight Huobi could be set to snap up a controlling stake in Bithumb, South Korea’s biggest trading platform – in a deal that could create an Asian trading behemoth.
Per a report from The Bell Korea, an unnamed investment banking source believed to be close to the deal...
300 Banks in Germany Charge Negative Interest Rates Including Deutsche Bank, Commerzbank, ING
15.11.2020
A new report reveals that more than 300 banks in Germany are now charging some customers negative interest rates. Some are big global banks, including Deutsche Bank, Commerzbank, and ING. 300 Banks Pass on the Burden of Negative Interest Rates to Customers Banks in Germany have been increasingly...
Printing $1.7 Trillion for Climate Change: How Joe Biden’s Administration Aims to Push the ‘Green New Deal’
13.11.2020
In 2020, the U.S. Federal Reserve has injected an enormous amount of U.S. dollars to special interests in the banking sector in order to combat the economic effects stemming from the coronavirus outbreak. This week the central bank published its financial stability report and the Fed discussed...
Bank of England Official Balks at Shielding Banks Against Digital Currencies: Report
13.11.2020
Deputy Governor Jon Cunliffe says protecting bank business models is not BoE's responsibility
Venezuelan State Electricity Company Reportedly Cuts Power To Crypto Miners
12.11.2020
Reports say the Venezuelan state electricity company Corpoelec is disconnecting bitcoin mining farms in Carabobo state on orders from authorities. The power disconnections come amid reports that government and Corpoelec officials are planning to meet mining farm operators. According to one report...
Report: Blockchain Price Oracle Manipulation Produces Millions in Losses, Shows No Signs of Slowing
12.11.2020
On November 9, a writer from the website samczsun.com published a report that shows a number of issues with price oracle manipulation stemming from a few blockchain applications. The researcher notes that price oracle manipulation has resulted in “over $30 [million] in losses so far.”...