Cryptocurrency Analysis and News Portal
While many Americans believe the U.S. Federal Reserve is the caretaker of the country’s monetary system, its also believed to be one of the worst financial institutions ever created. In 2022, amid a gloomy economy, war, and a number of global crises, the possibility of a great monetary shift has
Read More
Cryptocurrency exchange Coinbase has announced that it is launching full-scale crypto trading in India with Unified Payments Interface (UPI) support. However, moments later, the National Payments Corporation of India (NPCI), which developed UPI, stated that no crypto exchange is using the UPI system. Coinbase Launches in India, Hit With UPI Problem The
Read More
South Africa has taken another step closer to implementing its central bank digital currency (CBDC) as the South African Reserve Bank (SARB) concludes a technical proof-of-concept for the project.The project, titled Project Khokha 2 (PK2), is the second phase of SARB’s Project Khokha (PK1), launched in 2018. It experimented with
Read More
“Digital assets may be new, but many of the issues they present are not,” Yellen will say in her remarks, prepared for delivery Thursday at American University. “When new technologies enable new activities, products, and services, financial regulations need to adjust.” Original Source
Read More
Federal Reserve Chairman Jerome Powell emphasized on Wednesday that technology transformation is here to stay in the financial sector and that new regulations will be required. Powell revealed some insight into how the United States would govern the market during a presentation at the Bank of International Settlements Innovation Summit on
Read More
Bitcoin could have a bigger role in the international board as superpowers compete for dominance over the financial system. The benchmark crypto has seen some relief in the last day, as the U.S. Federal Reserve (FED) tightens, and the shadow of war looms over Europe. Related Reading | Ethereum Spikes Above
Read More
Silvergate Capital purchased Diem’s tech assets for $182 million earlier this year, ending the grandiose ambition of Facebook to create a blockchain payments network. The transaction demonstrated how Facebook, now Meta, is left with few regulator-approved ways to become a key participant in the blockchain ecosystem. Some ex-Meta workers are taking up
Read More
Israel’s central bank says the public’s adoption of the digital shekel is not expected “to materially affect the banking system.” The bank, however, warns that any issuance of such digital currency will likely result in a decline of the volume of the public’s deposits. Increase in the Banking System’s Interest
Read More
Crypto-focused technology firm Elwood, owned by billionaire fund manager Alan Howard, is to integrate its trading platform with Bloomberg's Asset and Investment Manager (AIM) system. Source
Read More
The United Arab Emirates (UAE) is getting ready to start issuing federal licenses to cryptocurrency service providers in the first quarter. The UAE crypto regulation will take a hybrid approach. The government hopes that a nationwide crypto licensing system will attract big companies to the region. UAE Prepares to Regulate Crypto
Read More