Cryptocurrency Analysis and News Portal
One under the radar cryptocurrency-powered payment app that's been gaining traction across Latin America is Reserve. The platform acts as a convenient way for people to convert their local currencies, which may be undergoing high inflation levels, to the United States Dollar via the Reserve stablecoin (RSV). The network also
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“On one hand, tightened monetary policy may lead to less rapid growth of bitcoin demand, as many use it to hedge inflation, and less QE in theory means less inflation,” said Joe DiPasquale, CEO of the cryptocurrency hedge fund BitBull Capital. “On the other hand, the effects of the largest
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Randal Quarles, who also chairs the Financial Stability Board, said he’s not certain how a central bank digital currency could address financial inclusivity concerns. Oct 20, 2021 at 9:14 p.m. UTCUpdated Oct 20, 2021 at 9:25 p.m. UTCFSB Chair Randal Quarles (Lintao Zhang/Getty Images) Original Source
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Federal Reserve Chairman Jerome Powell confirmed during a hearing before the House Financial Services Committee that he has no intention to ban or limit the use of cryptocurrencies. He also commented on the regulation of stablecoins. Powell Says ‘No Intention to Ban’ Crypto The chairman of the Board of Governors of the
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The Monetary Authority of Singapore (MAS), the country’s central bank, has formally approved two companies to provide crypto services. One is the brokerage arm of DBS, the largest bank in Singapore and Southeast Asia. The other is Independent Reserve, a crypto exchange and OTC trading desk. Singapore’s Central Bank Formally Approves
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Singapore’s principal financial regulator, the Monetary Authority of Singapore (MAS), has officially approved two companies to offer cryptocurrency services in the country.MAS issued licenses to Australian crypto exchange Independent Reserve and DBS Bank’s brokerage arm, DBS Vickers (DBSV), allowing them to provide digital payment token services under the Payment Services
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Under Singapore’s licensing regime, applicants applying for a license are subject to a review of their policies, customer protection procedures, compliance structures, market manipulation safeguards and Know-Your-Customer requirements, among other stringent measures. Source
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The Reserve Bank of New Zealand is seeking public input over how it should assess the use case for the country’s digital dollar.Two discussion papers titled “The Future of Money – Stewardship” and “The Future of Money – Central Bank Digital Currency,” released Thursday, are aiming to solicit public feedback
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Data shows stablecoins volume has surged up once again. Past pattern may suggest that this accumulation could be dry powder for Bitcoin’s next big move. Bitcoin Stablecoins Reserve Rises Up Again As pointed out by an analyst in a CryptoQuant post, the stablecoins reserve seems to have risen again back to peak
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This episode is sponsored by NYDIG.Download this episodeToday on “The Breakdown,” NLW examines the upcoming Federal Reserve winding down, or taper, of its support for the markets. This includes scaling back its bond-buying programs, a process that could begin as early as next month and conclude the middle of next
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