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Lebanese Mint, Keep, Spend Crypto Amid Crisis, Report Unveils

7.11.2022
Living in the chaos of a deep crisis, people in Lebanon have been turning to cryptocurrency, a new media report has confirmed. From earning much needed income through mining and work, to storing wealth and paying in stores, bitcoin, tether and other cryptos have started to push aside...

Saxo Bank’s avg. FX volume sees a monthly gradual fall

4.11.2022
The currency market plays hide & seek, especially in October 2022. Saxo Bank reported a lower figure with larger disappointment in its Commodities section. The month-over-Month figure for average FX volume is 9%, down to $6.1 billion for October 2022. On the other hand, September 2022 painted...

Former Fed Chair Alan Greenspan Says Decreasing Supply of Greenbacks Makes the US Dollar a ‘Better Store of Value’

3.11.2022
On Nov. 2, 2022, the American economist and 13th chairman of the U.S. Federal Reserve, Alan Greenspan, published an opinion editorial that says he envisions a monetary “tailwind” for the U.S. dollar next year. Greenspan expects this to happen even if the Fed decides to pivot its restrictive...

Singapore's MAS Starts Wholesale CBDC Project With French and Swiss Central Banks

3.11.2022
The project comes a day after the central bank announced new projects aimed at trade finance and wealth management

Binance CEO Zhao Considering Buying Banks: Report

2.11.2022
Zhao wants his crypto exchange to become a bridge between traditional finance and crypto, according to a report in Bloomberg

Bank of International Settlement will test DeFi implementation in forex CBDC markets

2.11.2022
The centralized financial institution says the automated market making technology in DeFi can serve as a 'basis for a new generation of financial infrastructure."

Union Bank of the Philippines launches Bitcoin and Ethereum trading

2.11.2022
UnionBank, one of the largest universal banks in the Philippines, debuts cryptocurrency trading via a partnership with a Swiss crypto firm

Central Bank Gold Buys This Year Reach an All-Time Quarterly High in Q3, 400 Tons Purchased Is the ‘Most on Record’

2.11.2022
According to the World Gold Council’s (WGC) latest quarterly report, worldwide gold demand, excluding over-the-counter (OTC) markets, was 28% higher year-over-year. While demand jumped higher than last year in the third quarter, central bank gold buying tapped an all-time quarterly record...

Singapore bank DBS uses DeFi to trade FX and state securities

2.11.2022
Major Asian financial institution DBS Bank has applied DeFi technology for a project backed by the Monetary Authority of Singapore

Singapore’s DBS Explains How Big Banks Can Implement DeFi, Too

2.11.2022
Singapore has quietly been playing host to some of the most advanced explorations into cryptocurrency and decentralized finance (DeFi) ever done by big banks, institutions and regulators

Crypto adoption via regulation: Setting rules for centralized exchanges

1.11.2022
While some security issues do exist, major internet outages like the one witnessed across the EU recently cannot really threaten cryptocurrencies or their associated networks

Fed Preview: As Crypto Market Sees Smaller Rate Hikes From December, Major Banks Warn 'Slower Doesn't Mean Lower'

1.11.2022
Markets are running ahead of themselves in pricing smaller Fed rate hikes and an early end of liquidity tightening, according to major investment banks

El Salvador's Bitcoin purchase information can't be made public: Trustee

1.11.2022
As a development bank for El Salvador, BANDESAL created a $150 million trust fund to guarantee the convertibility to dollars for citizens and merchants

Indian Central Bank RBI Begins First Digital Rupee Pilot Today

1.11.2022
India’s central bank, the Reserve Bank of India (RBI), is launching its first digital rupee pilot on Nov. 1. with the participation of nine banks. “Settlement in central bank money would reduce transaction costs by pre-empting the need for settlement guarantee infrastructure or...

Reserve Bank of India to reportedly launch digital rupee pilot in November

31.10.2022
Now debuting the wholesale CBDC, the RBI plans to launch the digital rupee for the retail segment within a month in select locations

Professor Steve Hanke Says US Economy Was Flat Over the Last Year, but Stresses ‘It’s Going to Hit South’

30.10.2022
Amid the chaotic economy, plagued with central bank tinkering, supply chain issues, and red-hot inflation, the professor of applied economics at Johns Hopkins University, Steve Hanke believes a “pretty big recession” will take place in 2023. Speaking in an interview on Oct. 28, Hanke...

ECB Raises Benchmark Rate by 75bps and Tones Down Long-Term Refinancing Operations

27.10.2022
On Thursday, the European Central Bank (ECB) announced the central bank’s third consecutive benchmark bank rate increase this year, raising the rate by 75 basis points (bps). In addition to the rate hike, the ECB changed the central bank’s targeted longer-term refinancing operations terms...