Cryptocurrency Analysis and News Portal
The rationale is that in reaction to the Great Recession of 2008 and the malaise of a recovery that ensued, central banks drove interest rates to zero and below. Meanwhile, governments printed fiat debt to levels that could never be repaid, let alone serviced should interest rates rise meaningfully. Investors
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Digital asset exchange Binance has become the first crypto company to support the Association of Banks of Russia in efforts devoted to regulating the country’s growing cryptocurrency market. The coin trading platform will also work with authorities in Moscow as they try to adopt rules for the industry. Binance to
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Second, van Eck recommended not forcing tax withholdings on stablecoins in the future. That move would give stablecoins an opportunity to prove their value in the U.S. “Most stablecoins currently don’t pay dividends,” he wrote. “We need, however, to imagine a day when stablecoins pay interest and plan technologically and
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Cryptocurrencies should be treated like investments in gold and other assets, the minister wrote in a letter to the prime minister. Source
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UBS recently posted a profit for its fourth quarter which caps off a remarkable year for the Swiss banking giant, and sets the tone for more.Prominent Swiss bank UBS Group AG recently posted its earnings for the fourth quarter (Q4) 2021, which showed a decline in profit. However, the latest results
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Banks in Russia are preparing to dive into the pilot phase of the digital ruble project and some are already testing transactions with the currency. Trials have started with customer-to-customer (C2C) payments and Bank of Russia plans to expand the types of operations in the future. Digital Ruble Pilot Launches With
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The Central Bank of Russia has started to examine the operations of Russian banks with cryptocurrency exchangers, according to local media. Transactions between individuals through these platforms are of particular interest as the regulator believes these carry risks of financial losses and fraud. Central Bank Asks Russian Banks for Details
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BusinessBankhaus von der Heydt was formed in 1754 and became one of the first regulated institutions in Germany to offer digital asset services. By Jamie CrawleyJan 18, 2022 at 10:40 a.m. UTCUpdated Jan 18, 2022 at 5:42 p.m. UTCMunich, Germany (Shutterstock) Source
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NBH Bank and New York Community Bank have conducted the first USDF transaction over the Provenance Blockchain. NBH Bank minted the newly-introduced stablecoin and sent it to a customer of New York Community Bank as part of a test run.USDF is a stablecoin offered by the USDF Consortium, a group
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Cryptocurrency’s usage as a payment vehicle/exchange of value is what should drive its valuation in the long run. However, the market has been trading most cryptocurrencies like speculative risk assets, as evidenced by the correlation between bitcoin and equity markets in the last six months, the report said. Source
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