2023-6-6 19:29 |
JP Morgan Chase & Co. has partnered with six Indian banks to launch a blockchain-powered platform for settling interbank dollar transactions in India's emerging international financial center. origin »
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JPMorgan, Deutsche Bank, and other world-leading banks have opposed new banking regulations that would force them to match one dollar in capital for every dollar of bitcoin they hold. Banks are traditionally required by Basel rules to assign risk weightings to different kinds of assets they own.
2021-9-26 16:29 | |
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The biggest U.S. and European banks oppose strict new rules that would require them to set aside a dollar in capital for every dollar of bitcoin they own.
2021-9-22 22:20 | |
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ADA is now leading past $2 and just 15. 27% away from its peak, with Bitcoin and Ether still 28% and 25. 3% off of their respective ATHs. The dollar is staying firm near its highest level in four months as the Fed sets itself apart from more dovish central banks.
2021-8-14 18:13 | |
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The Republic of Cuba is suspending the use of U. S. dollars due to embargo restrictions with U. S. and foreign banks. The central bank of Cuba’s restrictions stems from the “obstacles that the U.
2021-6-14 22:00 | |
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Basel regulators said today that banks face the “most risk” from Bitcoin and other cryptocurrencies as they are tools for money laundering and a threat to the broader financial market. The post Swiss committee proposes banks hold a dollar for every dollar in Bitcoin exposure appeared first on CryptoSlate.
2021-6-10 13:56 | |
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DBS, Singapore’s largest and one of the world’s biggest banks by assets under management, put forward a bullish case for Bitcoin in a client note earlier this week. The post DBS: Bitcoin is ‘potentially a better store of value’ than the dollar appeared first on CryptoSlate.
2021-5-22 19:00 | |
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If global central banks are any indicator, the bitcoin price can continue its supersonic bull run despite hitting a pause in the past three weeks.
2021-4-9 11:33 | |
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The Federal Reserve is also “committed” to solving the tech problems. Treasury Secretary, unlike her predecessor, also says it “makes sense for central banks to be looking at.” The post Fed Is Investing ‘Time and Labor’ As A Digital Dollar is ‘High Priority’ says Chairman Powell first appeared on BitcoinExchangeGuide.
2021-2-25 20:20 | |
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Despite ambitions of overtaking the dollar, China's central bank will have a hard time monitoring all the transactions involved in a CBDC, though commercial banks might lend a hand.
2020-12-4 23:00 | |
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China Construction Bank (CCB), one of the country’s “big four” financial players, is planning to raise up to $3 billion from a sale of bonds that individuals and institutions can trade in and out of using Bitcoin and the US dollar, financial publication WSJ reported Wednesday.
2020-11-12 14:06 | |
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The Federal Reserve Board of Governors and several Federal Reserve Banks are actively working on the digital dollar. Legislation has proposed that each American could have an account at the Fed for transacting in the central bank digital currency.
2020-9-27 21:30 | |
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Stablecoin issuers now have a strong tailwind from US regulators. Banks finally have some guidance on how to treat coins like Tether, Gemini Dollar, USD Coin and others that are pegged to fiat money.
2020-9-22 03:07 | |
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According to a number of reports and commentary from financial analysts, the world is “drowning in U. S. dollars” after the Federal Reserve decided to pump billions of dollars into the hands of 14 central banks via liquidity swaps.
2020-9-15 05:15 | |
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Coinspeaker UBS Postpones Its Digital Settlement Coin Project with BarclaysSeveral major banks are part of the Fnality International project. Fnality is working to create digital versions of five major fiat currencies, including the dollar and yen.
2020-9-10 12:46 | |
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In becoming a high-risk, high-yield playground for dollar investors, the cryptocurrency world sold its soul, says our columnist.
2020-9-9 21:30 | |
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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.
2020-7-31 04:30 | |
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Visa said crypto is part of "the future of money," members of the U.S. Senate think the dollar should go digital and OCC will allow banks to custody crypto.
2020-7-24 19:05 | |
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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 […]
2020-6-18 19:14 | |
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The new top banking regulator for the Trump administration sees “huge and great promise” in cryptocurrency. Focusing on decentralized networks, bitcoin, and rewriting existing regulations, he shares his views on cryptocurrency and the creation of the digital dollar.
2020-6-15 00:10 | |
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The filing details a way for fiat currencies, like the U.S. dollar, to be turned into a central bank digital currency.
2020-5-15 16:02 | |
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Who benefits from fiat currencies? The central banks that print them? The commercial bankers who invest them? The business that accepts them? Or the citizens who hold them? While these questions maThe post Bitcoin v.
2020-4-15 12:00 | |
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The man behind the new Aussie dollar stablecoin, said the big four banks were not “allowed” to hold the fiat reserves for the cryptocurrency
2020-3-22 03:00 | |
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Central banks around the world are assessing the benefits of issuing a state-controlled digital currency after China announced that it is close to launching its digital yuan and Facebook launching Libra.
2020-2-26 22:35 | |
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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.
2020-2-19 00:10 | |
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The Reserve Bank of Australia (RBA) has now confirmed that it is mulling over the digital version of the Australian dollar, a digitized currency commercial banks and other corporates across the countrThe post Facebook's Libra won't be allowed, even if regulated: Australia's RBA appeared first on AMBCrypto.
2020-1-9 14:24 | |
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What would the late former Federal Reserve Chair Paul Volcker have thought about digital currencies issued by central banks?
2019-12-12 12:00 | |
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Cashaa has announced forthcoming dollar-based banking services for cryptocurrency companies based in the U.S., stepping in for traditional banks. The post Cashaa Announces U.S. Dollar Bank Accounts for Cryptocurrency Firms appeared first on Bitcoin Magazine.
2019-11-16 19:20 | |
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American credit card debt hit $1 trillion this year, surpassing 2008 crisis highs. Delinquencies are at four-year highs, while delinquencies at small banks hit record rates. Credit card interest rates are at all-time highs, making it harder than ever to pay back.
2019-11-15 18:49 | |
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The new Zimbabwe dollar has hit the streets, with banks beginning to issue the paper currency Tuesday. The ‘Zimdollar,’ existing earlier this year as coins, e-balances, the RTGS dollar, and bond notes, was returned to in June as a replacement for the Real Time Gross Settlement (RTGS) system implemented in February.
2019-11-14 09:00 | |
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The United States Federal Reserve is looking to employ a Manager, Retail Payments, part of whose responsibilities will be to oversee the research of digital currencies and distributed ledgers. The job ad has been published amid pressure from Capitol Hill to explore the possibilities of issuing a digital dollar.
2019-11-6 01:20 | |
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The signals are strengthening as the winds of economic change blow harder. A global economic slowdown has already begun as central banks scramble to prop up their economies by printing more money.
2019-11-2 09:30 | |
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Analyst, Chris Mancini claims governments are increasingly turning to gold, and not Bitcoin, in order to hedge against economic uncertainty. Motivated by geopolitical wranglings, as well as a desire to reduce dollar reliance, the Chinese and Russian central banks are driving demand for gold.
2019-10-23 13:31 | |
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All US Dollar deposits on Binance. US’s platform are now eligible for Federal Deposit Insurance Corporation [FDIC] insurance coverage. According to a blog post published on its official website, the United States-dedicated wing of Binance stated that all the US Dollar deposits are held in “pooled custodial accounts” at numerous banks that are FDIC insured.
2019-10-19 12:30 | |
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Virtually everybody knows what a dollar is, but not as many know about the SDR. The International Monetary Fund’s (IMF) Special Drawing Rights is an international, monetary reserve system created specifically to address limitations of gold and standard fiat currencies such as the USD.
2019-10-14 08:00 | |
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Recently, Gabor Gurbacs, Director at the investment management firm VanEck, posted a tweet in support of the popular, but controversial stablecoin pegged to the U. S. Dollar, Tether. This tweet comes just one day after Tether became the subject of a class action lawsuit, one alleging that the stablecoin caused $1.
2019-10-9 00:30 | |
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The trade war between the world’s two biggest economies continues to intensify while China’s yuan remains above the important physiological level 7 at 7.6 against the US dollar on Friday. With central banks around the world making rate cuts and a threat of currency crisis looming, Bitcoin is fast becoming a safe haven asset. According […]
2019-8-9 15:48 | |
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Bitcoin challenging the US dollar’s worldwide supremacy seems more likely after it emerged that even the country’s biggest bank thinks the status quo cannot last. Central Banks Amassing Gold ‘Makes Sense’ In a report issued July 10, Craig Cohen, a strategist for JPMorgan Chase, said changing habits among non-US central banks are creating a real sense of unease about the dollar’s long-term status.
2019-7-24 13:00 | |
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Libra, Facebook’s new crypto and rival to Bitcoin, the dollar, banks, businesses like PayPal, and stablcoins all at once, captured the entire world’s interest yesterday. The crypto industry was divided on whether or not the move would benefit the ecosystem at large, or if it could potentially destroy Bitcoin and altcoins.
2019-6-20 23:00 | |
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A redditor claiming to be a time traveller from 2025 says Bitcoin will hit $100,000 in 2019 and then…the US dollar and central banks will disappear
2019-5-29 19:00 | |
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History Shows Reserve Currencies Come & Go, So, Central Banks Stockpiling Gold, Is Bitcoin Next On The List? Central banks and foreign governments buying gold at the fastest pace in six years US Dollar’s days as a reserve currency are numbered Just a decade old, Digital gold – Bitcoin could emerge as a global reserve […]
2019-5-17 22:17 | |
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Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets.
2019-5-13 16:37 | |
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China Could Push Bitcoin Up As Central Bank Tightens Its Capital Control On US Dollar According to the latest report by South China Morning Post, Chinese banks have increased their scrutiny of foreign currency withdrawals.
2019-5-8 20:34 | |
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World Gold Council reports 145.5 tons of gold being bought by central banks in the first quarter of 2019 and further expects this demand to stay strong for the rest of the year. In the first quarter of this year, gold purchases by central banks were the highest in six years as countries ditch the […]
2019-5-4 19:29 | |
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According to a report by the World Gold Council, central banks have been buying more gold this first quarter than they have in the previous six years. The efforts to diversify away from the US dollar are being led by China and Russia.
2019-5-4 00:00 | |
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Bitfinex and Tether’s legal counsel has written a response to the New York Attorney General’s (NYAG) ex parte order, which claims that Bitifinex used Tether’s reserves to cover some $850 million in losses.
2019-5-1 01:22 | |
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By CCN: Hold onto your bitcoin. Stephanie Kelton, U. S. economist and senior economic advisor for Bernie Sanders 2020, just declared war on the U. S. dollar, tweeting: “The carpenter can’t run out of inches.
2019-4-28 21:36 | |
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A central bank digital currency (CBDC) would see central banks distribute digital money which could be redeemed for their respective domestic fiat currencies. In the case of an American CBDC, this would be the US dollar or in Russia, this would be a “Cryptoruble.
2019-4-6 12:00 | |
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As a Saudi oil minister once remarked, the Stone Age didn’t end because we ran out of stones. It seems it’s neither the deficit of a tool nor its deficiencies that make it obsolete, but rather the invention of new tools that do the job better.
2019-4-2 13:38 | |
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Gotbit founder Aleksei Andriunin’s plea agreement would require him to forfeit around $23 million in stablecoins. If approved, he could avoid prison time and additional fines. Andruinin and the U.
Simple “engagement” isn’t enough. Banks need to start experimenting with tokenization and blockchain-powered settlement, or risk getting left behind, says Sygnum Bank’s Lucas Schweiger.
Wrapped assets introduced a wave of DeFi innovation that cross-chain protocols are looking to take forward.
Binance Holdings Ltd. has been ordered to pay $4.3 billion as part of a plea deal approved by US District Judge Richard Jones, marking one of the heftiest criminal penalties in US history.
Binance.US attorney Matthew Laroche has asked a federal judge to consider ending the SEC’s investigation for potential fraud.
JPMorgan analysts believe that Binance’s $4.3 billion settlement stabilizes the crypto market and mitigates systemic risk.
The Department of Justice (DoJ) is scheduled to publicly disclose a resolution with crypto’s largest exchange Binance following news of a multi-billion settlement and major enforcement actions from regulators.