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South African Central Bank Opts Against Publishing CBDC Study Findings
29.5.2024
The South African Reserve Bank has reportedly decided not to unveil the findings of the initial phase of its central bank digital currency feasibility study. Instead, the central bank said it is currently focused on the second phase of the study and will release a report once it is satisfied with...
Cambodia’s Central Bank Governor Believes Digital Currency Will Boost Fiat Use: Here’s Why
28.5.2024
In an announcement made on May 28, Central Bank Governor Chea Serey stated that through enabling cross-border QR payments, the Central Bank Digital Currency (CBDC) Bakong might boost the uptake of the Riel currency in Cambodia.
The post Cambodia’s Central Bank Governor Believes Digital...
UK Digital Bank Blocks Clients From Performing Crypto Transactions
28.5.2024
The London-based digital bank Kroo has barred its clients from engaging in cryptocurrency transactions, joining other U.K.-based banks in this decision. The bank cites the increasing cases of online fraud incidents involving cryptocurrencies as the reason for this move. Kroo to Decline...
Russian Traffic to Global Crypto Exchanges Surges; Central Bank Warns of Western Sanctions Risk
28.5.2024
The surge in Russian traffic to global cryptocurrency exchange platforms in the last two quarters has prompted officials to issue a warning about the risk of Western sanctions. According to a central bank study, Russian traffic to some of the largest crypto exchanges increased by 16.4%, reaching...
Major Chinese Bank Offer Digital Yuan Users Carbon Credit Rewards
28.5.2024
A major Chinese Bank, Industrial Bank, will reward digital yuan-using customers with carbon points as it targets CBDC adoption.
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Donald Trump’s Crypto Holdings Top $10 Million, Arkham Says
28.5.2024
Former U.S. President and presidential candidate Donald Trump’s cryptocurrency holdings reached $10 million on Monday morning, according to crypto analytics firm Arkham’s onchain tool. The bulk of Trump’s holdings, $7.3 million, is in the TRUMP coin. Trump has pledged...
Blockchain dev Sphere introduces bank-to-wallet Telegram extension
27.5.2024
Sphere Labs, a blockchain developer focused on bringing stablecoins as a service to businesses, has announced a new bank-to-wallet Telegram extension
Russian Central Bank Flags Sharp Rise in Crypto-related Activity
27.5.2024
The Russian Central Bank says it has noticed a rise in citizens’ transactions on crypto exchanges and peer-to-peer crypto trading platforms.
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Donald Trump Pledges to Stop Biden’s Anti-Crypto Agenda, Protect Bitcoin, Free Ross Ulbricht
26.5.2024
Presidential candidate and 45th U.S. President Donald Trump has declared support for the crypto sector. “I will also stop Joe Biden’s crusade to crush crypto,” he promised. “I will support the right to self-custody.” He will also “commute the sentence of Ross Ulbricht...
UBS Raises Gold Price Forecast Amid Rising Central Bank Demand and Geopolitical Tensions
25.5.2024
UBS has raised its gold price forecast following a record surge in gold prices, driven by anticipated Federal Reserve rate cuts and a weakening U.S. dollar. The main factors behind the investment bank’s upgraded gold price prediction include softer U.S. economic data, increased central bank...
US House Passes Central Bank Digital Currency Anti-Surveillance State Act
24.5.2024
The House of Representatives has passed Congressman Tom Emmer’s CBDC Anti-Surveillance State Act, which prohibits the Federal Reserve from issuing a surveillance-oriented central bank digital currency (CBDC). The lawmaker emphasized that the bill protects American values of privacy and individual...
SOL, XPR Could Be Possible Candidates for ETFs, Standard Chartered Says
24.5.2024
Standard Chartered believes Solana {{SOL}} or Ripple’s XRP could be the next contenders, but not until 2025
Ex-Kansas Bank CEO Pleads Guilty to Embezzling $47M in Crypto Scheme
24.5.2024
Now-failed Heartland Tri-State Bank CEO Shan Hanes squandered millions in cryptocurrency, leading to the bank’s failure in July 2023.
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US House Votes to Block Federal Reserve’s Digital Dollar Plans
24.5.2024
The US House on Thursday approved a bill that prohibits the Federal Reserve from issuing a digital dollar, or central bank digital currency (CBDC), without explicit authorization from Congress.
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Former Bank CEO Pleads Guilty to Embezzling $47M to Buy Crypto, Leading to Bank Collapse
24.5.2024
Former Heartland Tri-State Bank CEO Shan Hanes pleaded guilty on Thursday to embezzling $47.1 million for personal cryptocurrency purchases, leading to the bank’s collapse. From May to July 2023, Hanes executed at least 10 wire transfers from the Elkhart-based bank to cryptocurrency accounts....
Indian Central Bank RBI Warns Retail Investors of Crypto’s Lack of Accountability and Stability
24.5.2024
The Reserve Bank of India (RBI)’s May 2024 bulletin warns retail investors that “the crypto ecosystem lacks accountability and stability and is marked by regulatory ambiguity.” The Indian central bank also cautioned that some cryptocurrency systems may be “prone to crisis...
CBDC Anti-Surveillance State Act passes US House in partisan vote
23.5.2024
The potential misuse of the CBDC technology trumped arguments about innovation or even good legal drafting
Hong Kong central bank studies AI's impact on banking jobs and skills
23.5.2024
HKMA deputy chief executive Arthur Yuen said that enhancing employees' skills would allow them to “coexist with technology in the AI era.”
BoE regulatory 'culture shift' could open door to new tech
22.5.2024
The Bank of England's proactive regulatory shift aims to integrate emerging technologies, highlighted by the introduction of the Digital Securities Sandbox
Deutsche Bank Infra Provider Taurus Expands to North America
22.5.2024
Crypto technology provider Taurus opens its first North American office in Vancouver to meet increasing demand for digital asset services after expansion in London, Paris, Frankfurt, and Dubai.
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