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Ripple Sued by 13 Australian Banks for Trademark Infringement
Ripple Labs Inc. is being sued in an Australian court for allegedly infringing a trademark belonging to several local banks. A lawsuit filed by the New Payments Platform Australia (NPPA), a joint venture between the Reserve Bank of Australia and 13 domestic banks, claims that Ripple copied its PayID brand. дальше »
2020-8-29 09:00 | |
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Copyright Infringement Case Takes a Twist As Ripple Holds The “PayID” Trademark
A consortium of Australian banks, led by the Reserve Bank of Australia, reportedly brought legal action against Ripple Labs for copyright infringement. The issue relates to PayID, a payment network operated by the Open Payments Coalition (OPC). дальше »
2020-8-28 14:15 | |
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Bitcoin And Libra Can Coexist With CBDCs, Says Former Reserve Bank Of India Governor
With more central banks around the world studying the issuance of their own digital currencies, Bitcoin and Libra could still find a purpose to be part of a future when money becomes purely digital. That’s according to Raghuram Rajan, former governor of the Reserve Bank of India. дальше »
2020-8-20 13:01 | |
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Stimulus Is Failing: Global Banks to Break Support Levels, US Dollar Plummets to 2-Year Low
Central banks worldwide have injected further stimulus into the economy, as European Union (EU) leaders recently approved a $2. 1 trillion budget, the Bank of England boosted stimulus injections in mid-June, and the Federal Reserve announced on Wednesday that it would keep lending until the end of the year. дальше »
2020-7-31 04:30 | |
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Christophe Cieters: Monopoly Money
As money developed and people opted to place it in secured storage, banks started issuing banknotes which represented a client’s deposit at the bank and the promise to redeem each note for the amount of gold it represented at a 100% reserve rate. дальше »
2020-7-12 01:10 | |
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2008-Esque Fed Caps Buybacks and Dividends from Banks
As the effects of the lingering COVID-19 crisis continue to unfold, the Federal Reserve has continued juicing the economy with stimuli. However, as in 2008, the Fed recently announced that it has put a cap on buybacks and dividends for large banks. дальше »
2020-6-27 10:10 | |
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US Fed Chair Jerome Powell Rules Out The Private Sector in Creation of a Digital Dollar
Jerome Powell, the U.S Fed Reserve Chairman, has said that private entities should not be part of the creation process of a digital dollar. Appearing before the House Financial Services Committee on June 17, the Fed Chair highlighted that monetary policy functions should be left to the central banks regardless of the operating ecosystems. On […] дальше »
2020-6-18 19:14 | |
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Big Blow To The Crypto Dream: India’s Government Calls For Blanket Cryptocurrency Ban Again
Since July 2018, domestic commercial banks in India were prohibited by the Reserve Bank of India (RBI) from servicing cryptocurrency exchanges and all other businesses dealing with virtual currencies due to a circular that the Central Bank had released. дальше »
2020-6-12 13:37 | |
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Blockchain Bites: Why UN and Federal Reserve Experts Think CBDCs Could Kill Commercial Banking
U.N. and Federal Reserve experts think CBDCs can compete with commercial banks, New York and France enter a regulatory agreement while Europol has Wasabi Wallet concerns. дальше »
2020-6-6 19:34 | |
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Fed Reserve of Philadelphia Research: Account-Based CBDCs May Replace Commercial Banks
A research paper published on June 1, 2020, by the Federal Reserve of Philadelphia shows account-based central bank digital currency (CBDC) could potentially replace the role of commercial banks if panic runs are managed and commercial banks are given a level playing field in the money market. дальше »
2020-6-6 19:06 | |
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Powell Backs Ethereum PoA Blockchain Ameribor For Libor Alternative
Jerome Powell, the Chair of the Federal Reserve Banks has encouraged commercial banks to use a blockchain based inter-bank lending rate setting platform. “We have been clear that the [Alternative. дальше »
2020-6-6 16:15 | |
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American Panic Led to the Creation and Expansion of the Corrupt Federal Reserve System
The Federal Reserve System was created after the “Panic of 1907” and ever since its inception in 1913, the Fed is one of the most powerful modern central banks in the world. Moreover, the Fed has always been either celebrated or criticized for stepping in whenever the U. дальше »
2020-5-31 19:15 | |
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India’s Central Bank Denies Prohibiting Financial Institutions from Servicing Cryptocurrency Exchanges
Indian commercial banks refusing services to local cryptocurrency exchanges may soon have a case to answer following a recent clarification offered by its central bank. Tweeting on Sunday, Indian crypto insider Crypto Kanoon (@cryptokanoon) published a document released by the Reserve Bank of India (RBI) stating that no prohibitions against banks servicing crypto-businesses exist. дальше »
2020-5-27 07:15 | |
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India’s RBI claims no restrictions were imposed on banks for working with crypto businesses
The RBI’s response follows several complaints that some banks were refusing to offer banking services to crypto exchanges and related businesses The Reserve Bank of India (RBI) has clarified that it doesn’t prohibit banks and other financial services providers in the country from dealing with, or providing, bank account services to cryptocurrency exchanges. дальше »
2020-5-27 19:59 | |
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Bitcoin Now Open To 1.38 Billion People In India As RBI Clarifies Stance On Crypto
India’s Supreme Court lifted the infamous bitcoin ban sometime in March this year. This ban had been imposed by the Reserve Bank of India (RBI), restricting banks from servicing crypto-related businesses in the country. дальше »
2020-5-27 18:15 | |
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RBI Confirms No Ban on Cryptocurrency Exchanges, Businesses or Traders in India
India’s central bank, the Reserve Bank of India (RBI), has confirmed that there is no longer any banking ban on crypto exchanges, companies, or traders. This follows the supreme court decision to quash the RBI circular prohibiting banks from providing services to any customers dealing in cryptocurrencies. дальше »
2020-5-27 13:15 | |
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The Federal Reserve Chairman Just Made the Ultimate Case for Bitcoin
For the first time since its creation, Bitcoin is now trading within an immense period of global economic instability. The Coronavirus pandemic has caused governments and central banks across the globe to take extreme actions in order to curb the damage done by a virtually frozen global economy. The over $8 trillion globally that has... дальше »
2020-5-19 00:00 | |
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Buying Corporate Bonds and ETFs: US Federal Reserve Continues to Bailout ‘Too Big to Fail’
The U. S. Federal Reserve has continued its schemes of monetary easing and funding a number of private banks during the Covid-19 outbreak. On Monday evening, the Fed revealed it would be buying corporate bonds and exchange-traded funds using the entity’s Secondary Market Corporate Credit Facility (SMCCF). дальше »
2020-5-13 23:01 | |
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BTC is in A ‘Bullish Consolidation’ While Whales Are in ‘Solid Accumulation Mode’
After the success of April, which Bitcoin ended with 34% gains, the digital asset has been fairly flat so far this month. Currently, BTC/USD is trading over $9,300. These price gains came while the major central banks have been busy printing money and total assets on the Federal Reserve's balance sheet increased by nearly 55% […] дальше »
2020-5-7 19:07 | |
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Bullish For Crypto: Ex-IMF Economist Calls For Negative Interest Rates
Former IMF Chief Economist, Kenneth Rogoff states central banks should consider negative interest rates. His words, in effect, greenlight crypto assets, which stand to benefit should the Federal Reserve decide to go this route. дальше »
2020-5-7 16:04 | |
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Fed BGD Does Nothing to Stocks
Extraordinary measures taken by the United States government and the Federal Reserve Banks appears to be having a limited effect both on the economy and on the stock market. Fed... The post Fed BGD Does Nothing to Stocks appeared first on Trustnodes. дальше »
2020-5-5 18:46 | |
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Chairman Powell Attacks the Modern Monetary Theory While the Economy Now Faces a Total Collapse
Jerome Hayden “Jay” Powell, chairman of the Federal Reserve Banks (Fed), has implicitly somewhat directly attacked the Modern Monetary Theory (MMT). Speaking live in the first digital conference of its. дальше »
2020-5-1 21:43 | |
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Central Banks Worldwide Are Purchasing Assets in Record Amounts
Due to the current economic crisis, central banks around the world are buying up assets in record amounts — many times greater than what was seen during the 2008 Great Recession. The Federal Reserve’s balance sheet is changing by the day as it buys up assets. дальше »
2020-4-23 20:10 | |
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America’s Banks Can Simply Bail Themselves Out – Thanks to the Fed’s $27 Trillion Blackrock Deal
Mainstream media has been awfully quiet about all the fraud and manipulation stemming from the global bureaucracies’ newly enacted covid-19 reaction policies. In the U. S. amid all the commotion and fear, the Federal Reserve granted special powers to the giant private equity firm Blackrock. дальше »
2020-4-21 18:30 | |
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Financial Bazookas Revealed – Market Strategists Believe the Fed Will Purchase Stocks Soon
Bitcoin and cryptocurrencies may be the only free-market assets left not manipulated by central banks like the U. S. Federal Reserve. Since the covid-19 outbreak, the Fed has unleashed a massive arsenal of monetary weapons to combat the effects on the economy. дальше »
2020-4-1 03:05 | |
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U.S. Unemployment Estimates Point to a Debt Time-Bomb About to Explode
If estimates for unemployment levels above 30% persist, banks could be in for a world of pain and even the Federal Reserve can't soften. The post U.S. Unemployment Estimates Point to a Debt Time-Bomb About to Explode appeared first on CCN.com дальше »
2020-3-31 17:13 | |
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Printing Money from Thin Air – How the Fed Reduces Purchasing Power and Makes You Poorer
Unless you have your head in the sand, you’ve probably realized that governments and central banks can print money out of thin air and in unlimited amounts. The United States and the Federal Reserve have been creating money from nothing for years because they had exhausted all their monetary policies. дальше »
2020-3-27 00:30 | |
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Bitcoin Should Be Viewed as Insurance, Not an Investment: Trader
Some analysts are now viewing Bitcoin and precious metals as insurance policies rather than investments. Bitcoin has reclaimed the $6. 5k level and posted a four-day high following an announcement by the US Federal Reserve that it would be taking unprecedented measures to bail out banks and businesses while shoring up more credit. дальше »
2020-3-26 22:16 | |
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Federal Reserve Prepares to Print 50 Bitcoin Networks Worth of USD
You read that right. The Federal Reserve (Fed) plans to print not 50 BTC worth, but 50 Bitcoin Networks’ worth of dollars. Federal Reserve to Print $6 Trillion Central banks around the world are firing up their money-printing machines. дальше »
2020-3-25 16:08 | |
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Minting Basic Income – US Lawmaker Asks Treasury to Issue Two $1 Trillion Coins With No Debt
The U. S. is now facing the onslaught from the coronavirus outbreak. During the last two weeks, bureaucrats have shut down multiple industries while the Federal Reserve has injected trillions into the hands of private banks. дальше »
2020-3-22 17:01 | |
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US Banks to Have 0% Reserve Requirements, Showing Why We Need Bitcoin [Opinion]
The Federal Reserve has announced that commercial banks no longer need to hold hard currency relative to how much they are giving out. The case for a deflationary currency has never been clearer. дальше »
2020-3-21 07:15 | |
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It’s Time for Plan
Central banks around the world are cutting down rates and announcing their quantitative easing programs to fight the impact of the global coronavirus (Covid-19) pandemic. The US Federal Reserve has been injecting billions of dollars in market liquidity for quite some time now and recently it cut down its rates to zero percent and restarted […] дальше »
2020-3-18 17:39 | |
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Analysts Question Gold’s Safe Haven Status – 2008 Data Shows Central Banks Oversaturated Bullion Markets
After bitcoin prices dropped below the $5K region on Monday morning, gold also slid significantly. It saw a small spike in value after the Federal Reserve announced slashing the benchmark rate by 100 bps, but gold prices subsequently dropped below $1,500 per ounce hours later. дальше »
2020-3-18 18:20 | |
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Monopoly Shows why the Recent Fed Measures Can’t Work in the Long Term
Recent actions by the Federal Reserve leave many people wondering what the future will bring. One thing is certain: banks will never officially run out of money, which is something Monopoly would’ve taught everyone. дальше »
2020-3-17 06:00 | |
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Reserve Bank of Zimbabwe Drafting Policy Framework to Regulate Digital Currencies
The Reserve Bank of Zimbabwe (RBZ) is interested in regulating digital currencies and has already started drafting a policy framework. This move came weeks after India curbed the ban imposed by the reserve bank of India on banks and financial institutions preventing them from dealing with individuals and businesses dealing with cryptos. Bitcoin has also […] дальше »
2020-3-17 22:49 | |
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Bitcoin price spikes 10% in minutes as Federal Reserve cuts rates to zero
While Bitcoin was born independent of traditional finance, events taking place on Wall Street have become increasingly important to the cryptocurrency. This was proven today when the Federal Reserve made history, cutting its policy interest rate to zero percent, meaning that banks need to pay nothing to borrow money from the American central bank. дальше »
2020-3-16 01:51 | |
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Fed Makes Available Half a Trillion
The federal reserve has just announced they are offering $500 billion to banks for one month borrowing and half a billion for three months short term borrowing. “Today, March 12,... The post Fed Makes Available Half a Trillion appeared first on Trustnodes. дальше »
2020-3-13 20:24 | |
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India: Bitcoin's $870,000 weekly P2P volume sets stage for crypto-resurgence
On 4 March, the Supreme Court of India ruled that the ban imposed by the country's central bank, the Reserve Bank of India [RBI], on banks working with cryptocurrency service providers was "unconstituThe post India: Bitcoin's $870,000 weekly P2P volume sets stage for crypto-resurgence appeared first on AMBCrypto. дальше »
2020-3-5 17:30 | |
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Cryptocurrency Growth Could Be Spurred by 2020 Economic Stimulus Efforts
The central banks of the world are scrambling to keep their economies from collapsing as Coronavirus fears spread quicker than the virus itself. Yesterday’s rate cut by the Federal Reserve is the first of many stimulus measures that could be a boost for cryptocurrency adoption. дальше »
2020-3-5 04:10 | |
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India: Supreme Court Quashes RBI’s Crypto Ban; Crypto Now Legal in India
In a landmark ruling, India’s apex court – the Supreme Court of India – on March 4, 2020, ruled against the Reserve Bank of India’s (RBI) April 2018 diktat that prohibited banks from trading in virtual currencies such as Bitcoin (BTC). дальше »
2020-3-4 09:00 | |
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Coronavirus Concerns Force Fed to Slash Interest Rates
The Federal Reserve has done something that won’t sit well with the American public. Suddenly cutting interest rates due to the coronavirus is very telling of what is about to happen. It was to be expected, but banks are feeling a lot of pressure. дальше »
2020-3-4 07:00 | |
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‘Central Banking Is Socialism for the 1%’ – Report Cites Wealth Inequality Driven by Stimulus
For a while now, central banks like the Federal Reserve have been participating in quantitative easing (QE) practices, despite the fact they don’t like to call it QE. Following the massive dollar injections, a recent report from the wealth insights provider Wealth-x details the number of wealthy people in the world spiked in 2019. дальше »
2020-2-19 00:10 | |
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Fed Has Doubled Money Supply Since 2008 – Ticking Time Bomb for Bitcoin to Solve?
Economic money policies across the globe have been thrown into the spotlight of late with some major central banks, like the US Federal Reserve and the European Central bank, adopting policies to try and prop up a flagging economy, but Bitcoin could serve as yet another alternative. дальше »
2020-2-7 02:37 | |
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Hierarchies of Money: Why You Use Bank Money But the Bank Wants Reserve Currency
While people tend to think of money as being all the same, the fact is governments and banks use different types of money than the everyday individual. From the top of the economic pyramid of world reserve currencies, down through central bank and commercial bank money, the capacities and function of different kinds of money […] The post Hierarchies of Money: Why You Use Bank Money But the Bank Wants Reserve Currency appeared first on Bitcoin News. дальше »
2020-1-31 21:00 | |
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