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USD Index Starts Inching Toward Highs Again, Société Générale Economists Say Rebound Towards 114.8 Peak ‘Is Not Ruled Out’
9.10.2022
In 2022, the U.S. dollar has been very strong, despite the global economy’s downturn and the rising inflation worldwide. 12 days ago, the U.S. Dollar Index (DXY) rallied to a high of 114.8 and since then, the index has pulled pack and a recent analysis from economists at Société...
India's Central Bank Plans to Launch Digital Rupee CBDC
9.10.2022
The Reserve Bank of India (RBI) will soon launch pilot tests for its upcoming digital rupee in a bid to increase awareness around its Central Bank Digital Currency (CBDC).
The country's central bank announced the news on Friday, detailing that the digital rupee will be available for specific...
2008 ‘Lehman Moment About to Hit’ — Major Banks Suffer; How to Access Your ETHW, ‘No Digital Dollar Act,’ Sega Blockchain Game — Bitcoin.com News Week in Review
9.10.2022
In this week’s edition of the Bitcoin.com News Week in Review, two of the world’s largest banks — Credit Suisse and Deutsche Bank — are suffering from distressed valuations, with credit default insurance levels looking like those last seen in the 2008 financial crisis....
India’s Central Bank RBI Publishes Digital Currency Details — Confirms Digital Rupee Pilot Launching ‘Soon’
9.10.2022
India’s central bank, the Reserve Bank of India (RBI), says it will soon commence “limited pilot launches” of the country’s digital currency (digital rupee) for specific use cases. The central bank explained that “multiple technological options shall be tested...
Is Bitcoin an inflation hedge? Why BTC hasn’t faired well with peak inflation
8.10.2022
Bitcoin’s status as an inflation hedge has come under scrutiny in the current market, but experts point toward the exceptional market conditions
Google to Require Government Authorization to Provide Advertising Services for Financial Products in Spain
8.10.2022
Google, the web search and software monolith, has announced that it will require authorization from government entities to lend advertising services to financial companies in Spain. This measure, which was also implemented in the U.K. back in 2021, is expected to be extended to more countries...
Bitcoin price finally made a move, and fireworks are sure to follow
7.10.2022
New crypto market trends are starting to emerge now that Bitcoin and equities markets move closer to make-or-break levels, which will determine the markets’ direction
India’s central bank outlines digital rupee CBDC plans
7.10.2022
India's Reserve Bank outlined the pros and cons of a digital rupee as it looks to raise awareness around its CBDC project
Indian Central Bank Publishes Concept Note on its CBDC, Digital Rupee
7.10.2022
"Currently, we are at the forefront of a watershed movement in the evolution of currency that will decisively change the very nature of money and its functions," the RBI said in its concept note
Brazilian Presidential Candidate ‘Lula’ Da Silva Signals Support for Central Bank of Brazil Involvement in Crypto Regulation
6.10.2022
The presidential candidate that obtained most of the votes in the first Brazilian ballot round, Luis Inacio Da Silva, better known as “Lula,” declared that the Central Bank of Brazil should be responsible for building a cryptocurrency law framework. Lula also stated that the impact...
Canadian central bank identifies retail CBDC archetypes in theory-heavy analysis
6.10.2022
An analyst at the Bank of Canada has written a paper that identifies recurring patterns in CBDC models and how those patterns impact a list of performance criteria
Brazilian Court Grants Bank Right to Inspect Debtor’s Crypto Wallets
6.10.2022
A court in Brazil has ruled that a major commercial bank is allowed to inspect one of its debtors’ crypto wallets – and has stated that crypto has “monetary properties.”...
Read More: Brazilian Court Grants Bank Right to Inspect Debtor’s Crypto Wallets
Crypto Bank Silvergate Capital's Shares Fall After Wells Fargo's Bearish Call
6.10.2022
The bank's analysts say Silvergate's growth potential is limited during crypto winter
Namibian Central Bank: Virtual Assets ‘Remain Without Legal Tender Status’ but Merchants Can Still Accept Them as Payment
6.10.2022
The Bank of Namibia recently said it has brought virtual assets and virtual asset service providers under its fintech innovations regulatory framework, and that it plans to amend applicable laws and regulations. According to the central bank’s governor, there is an ongoing “battle...
Fed’s Inflation Nowcasting Data Shows Future CPI Increases, US Gross National Debt Hits $31 Trillion
5.10.2022
A recently published forecast stemming from the Federal Reserve Bank of Cleveland’s Inflation Nowcasting data indicates upcoming U.S. consumer price index (CPI) metrics will likely be elevated. The newly predicted CPI levels were recorded the same day America’s gross national debt...
Kenyan Central Bank Rejects Deputy President Rigathi Gachagua’s Claims Country Lacks Forex to Import Oil
4.10.2022
The Central Bank of Kenya appeared to rebuke the country’s new deputy president Rigathi Gachagua, after it rejected the latter’s claims the East African nation lacks enough foreign exchange to import oil. According to the bank, all the foreign exchange used in private transactions...
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...
BTC price still not at 'max pain' — 5 things to know in Bitcoin this week
3.10.2022
Bitcoin has plenty of obstacles to weather in the current macro storm as two-year weekly close lows remain inches away
Forex Shortages Blamed After Nigerian Currency Hits New Low Versus the US Dollar
3.10.2022
A surge in the demand for foreign exchange and the general scarcity of the resource may be the reasons why the naira currency recently slumped to a new all-time low of 735 versus the U.S. dollar, a report has said. One Nigerian currency dealer said he expects the naira to further depreciate to...
Report: CME Group to Face off With FTX After Filing for Futures Commission Merchant Status
2.10.2022
According to a recent report, the world’s largest derivatives exchange CME Group is looking to register as a direct futures commission merchant (FCM). CME Group’s decision follows the digital currency exchange FTX, as the crypto company applied to become a derivative clearing...