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JPMorgan CEO Jamie Dimon Sees Nuclear Proliferation as ‘Most Serious Thing Facing Mankind’
26.10.2023
JPMorgan Chase CEO Jamie Dimon has identified nuclear proliferation as “the most serious thing facing mankind.” According to the United Nations, “the risk of a nuclear weapon being used is currently higher than at any time since the depths of the Cold War.” Dimon also pointed out that...
Central Banks of China and UAE Sign MoU to Strengthen Digital Currency Cooperation
20.10.2023
The Central Banks of China and the United Arab Emirates (UAE) have recently signed memoranda of understanding (MoUs) relating to digital currencies during the third "Belt and Road" International Cooperation Summit Forum in Beijing this week.
The People's Bank of China (PBOC) has signed...
Central banks want to look under crypto’s hood — Is this a positive sign?
18.10.2023
The mere fact that the Deutsche Bundesbank, BIS and other financial incumbents want such information now suggests a tacit acceptance of crypto
Analyst Warns of US Dollar Collapse, Predicts Bitcoin Owners to Benefit
10.10.2023
Global financial services firm Jefferies has warned of “the collapse of the U.S.-dollar paper standard to the benefit of both gold bullion owners and also owners of bitcoin.” He explained that the Federal Reserve, and other G7 central banks, “will not be able to exit from...
Central banks will face unfamiliar challenges to achieve CBDC inclusivity, study says
4.10.2023
The potential is there, but the difficulties in achieving financial inclusivity are often underestimated, a Bank of Canada study shows
Project Atlas: Bank for International Settlements Tackles Crypto Tracking with EU Central Banks – Here's the Latest
4.10.2023
The Bank for International Settlements (BIS) and four European central banks have rolled out a Proof-of-Concept (PoC) system to track the global flow of cryptocurrency assets.
The partnership with the BIS was struck with the European Central Bank, Banque de France, Deutsche Bundesbank...
BIS, EU central banks building data platform to track crypto, DeFi flows
4.10.2023
The Bank of International Settlements and a handful of European Central banks are building a system to track international flows of cryptocurrencies
Central Banks Successfully Test Cross Border Trading of Wholesale CBDC Using DeFi
28.9.2023
The Bank for International Settlements alongside the central banks of France, Singapore and Switzerland tested out using wholesale CBDC to conduct cross border trading
BIS and Central Banks of France, Singapore and Switzerland Successfully Test Cross-Border CBDC Using DeFi
28.9.2023
The Bank for International Settlements (BIS) and central banks of France, Singapore, and Switzerland have jointly announced a successful test of cross-border trading and settlement for wholesale central bank digital currencies (wCBDCs).
This test incorporated innovative decentralized finance...
Bank of Japan a Major Source of Uncertainty, Crypto Volatility Trader Says
21.9.2023
Once the BOJ begins policy normalisation, yen carry trades may unwind quickly, leading to increased cross-asset volatility
Swift Collaborates with Three Central Banks to Pilot CBDC Interoperability
15.9.2023
Swift has partnered with three central banks to conduct beta testing of its central bank digital currency (CBDC) connector solution in an effort to advance cross-border payments using CBDCs.
In a recent press release, the global financial messaging network said that the Hong Kong Monetary...
SWIFT CBDC Interlinking Solution Enters Beta Testing
15.9.2023
The Society for Worldwide Interbank Financial Telecommunication (SWIFT), a global provider of financial payment services, has announced that its central bank digital currency (CBDC) connector has entered beta testing stages. SWIFT reported that three central banks are already testing this...
Crypto Startup Ramp Adds Brazilian Central Bank's Pix as Payment Method
14.9.2023
Adding Pix builds on Ramp's expansion to the South American country, where it opened a local entity in July in a bid for broader expansion throughout Latin America
SWIFT enrolls 3 central banks in CBDC interoperability beta test, expands sandbox
13.9.2023
The bank messaging network has seen a dramatic increase in processing speed and is developing technology to connect CBDCs
Kenyan Fintech Startup Kotani Pay Receives $2 Million Pre-Seed Funding
8.9.2023
The Kenyan fintech startup Kotani Pay has raised $2 million in a pre-seed funding round which was led by P1 Ventures. The capital raised will be used to fund the startup’s expansion into five African countries. Felix Macharia said his firm is working with central banks, some of whom...
Report Reveals East Is Challenging West’s Long-Standing Gold Pricing Dominance
27.8.2023
A new report unveils a surge in gold acquisitions by Eastern nations, challenging the West’s long-standing dominance in gold pricing and altering the power equation in the global arena. Research Highlights East’s Rise as Challenger to West’s Gold Pricing Tradition In...
Mastercard launches CBDC Partner Program for Central Banks and crypto ventures
18.8.2023
Mastercard has launched the CBDC Partner Program with the objective of bringing together Central Banks and crypto ventures all over the world. The idea is to learn from each other and help accelerate the development and adoption of digital tokens. The news has been confirmed by Michael Miebach,...
Analyst Discusses US-BRICS Power Shift — Warns of Dollar Dominance Ending
9.8.2023
A think tank analyst says the U.S. dollar’s dominance may be coming to an end as countries position themselves for a new international system. “As the reliance on U.S. dollars diminishes, central banks will begin dumping their dollar reserves. This will result in hyperinflation, a spike...
Central Banks Resumed Gold Purchases in June
8.8.2023
Central banks ramped up gold purchases in June, according to statistics from the International Monetary Fund (IMF). In this period, central banks added 55 tonnes of gold to their reserves after three months of net selling, with China purchasing the most gold (21 tonnes). Central Banks Back...
SEC Case Had 'Almost No Impact' on Ripple's Talks With Central Banks, Says Exec
28.7.2023
James Wallis said the decision that Ripple's sale of XRP did not constitute investment contracts was a major victory, not just for Ripple but also for the industry