Russia’s Largest Private Bank Launches Digital Asset Platform – Finance Bitcoin News
Alfa-Bank, one of the major Russian banking institutions, has established its own platform for digital financial assets. The launch became...
Finance
Banks in Russia to Lose $700 Million a Year Due to Digital Ruble, Experts Say – Finance Bitcoin News
Russian banks may be the main losers from the introduction of a digital ruble while retailers will save on acquiring...
Crypto Bank Custodia Denied Membership in US Federal Reserve System – Finance Bitcoin News
The U.S. Federal Reserve Board has rejected the attempt of Custodia Bank to become member of the Federal Reserve System....
Russia Mulls Gold-backed Stablecoin, Lawmaker Confirms After Iran Visit – Finance Bitcoin News
Russia may issue a stablecoin backed by gold to use in international settlements, a high-ranking member of the Russian parliament...
‘Prohibitive’ Capital Rules for Banks Holding Crypto Win Support in EU Parliament – Finance Bitcoin News
Lawmakers in the European Union have backed legislation imposing new capital requirements for financial institutions, including strict rules meant to...
China-backed Blockchain Project Proposes SWIFT Alternative for Stablecoins and CBDCs – Finance Bitcoin News
The company developing China’s blockchain network wants to create a system for international settlements with stablecoins and state-issued digital currencies....
Silvergate Capital Incurs Loss of $1 Billion in Q4 of 2022 – Finance Bitcoin News
Silvergate Capital Corporation, the parent firm of the crypto-focused bank Silvergate Bank, has attributed the $1 billion loss it incurred...
Eurozone Finance Ministers Pledge Support for Digital Euro Project, Talk Privacy – Finance Bitcoin News
The ministers of finance of the countries in the eurozone reaffirmed their support for efforts to prepare for the potential...
Iran and Russia Consider Issuing Gold-Backed Stablecoin, Officials Unveil – Finance Bitcoin News
Tehran and Moscow are discussing the possible launch of a stablecoin for international settlements, the Russian press revealed. In order...
Georgia Prepares to Launch Digital Lari Pilot in First Half of 2023 – Finance Bitcoin News
The central bank of Georgia intends to publish a document detailing the concept of a national digital currency in the...
Bradesco, One of Brazil’s Largest Banks, Launches Tokenized Credit Notes in Blockchain Pilot – Finance Bitcoin News
Bradesco, one of the largest banks in Brazil and the third biggest in all of Latam, has entered the cryptocurrency...
Samsung’s Asset Management Arm Launches Bitcoin Futures ETF in Hong Kong – Finance Bitcoin News
Samsung’s asset management arm has launched a bitcoin futures exchange-traded fund (ETF). The new actively managed ETF is listed and...
UK Treasury Considers Digital Pound, Maintains Crypto Hub Objective – Finance Bitcoin News
The U.K. is mulling over launching a digital pound as it remains committed to becoming a cryptocurrency hub, a government...
Bank of Russia Outlines Payment Models With Digital Ruble, Other CBDCs – Finance Bitcoin News
The Central Bank of Russia has detailed two methods for implementing the digital ruble and other state-backed coins in international...
Confirmation of Silvergate’s $8 Billion Deposit Plunge Sees Stock Price Drop by More Than 40% – Finance Bitcoin News
The price of the crypto-focused bank Silvergate Capital’s shares fell by over 40% after it reported a more than $8...
Unbacked Cryptos Are a ‘Vehicle for Gambling’ Lacking ‘Intrinsic Value’ – Finance Bitcoin News
Fabio Panetta, part of the Executive Committee of the European Central Bank (ECB), believes that unbacked cryptocurrency assets are vehicles...
Central Bank of Turkey Reports First Payment Transactions on Digital Lira Network – Finance Bitcoin News
The Central Bank of the Republic of Turkey (CBRT) has conducted the first payment transactions on the test network of...
Bill on Digital Ruble Submitted to Russian Parliament – Finance Bitcoin News
A draft law devoted to the digital ruble has been filed with the State Duma, the lower house of Russian...
China’s Digital Yuan Little Used, Former Central Bank Official Says – Finance Bitcoin News
Trials of the digital yuan have produced disappointing results, according to a report quoting the former head of research at...
ECB to Decide Whether to Issue Digital Euro in 2023 – Finance Bitcoin News
The European Central Bank (ECB) has published a new report on the progress of its investigation into the possible launch...
Rate Hikes Needed to Reduce Eurozone Inflation Despite Recession, Top ECB Official Says – Finance Bitcoin News
Interest rates will continue to rise while the euro area falls into recession, a high-ranking executive at the European Central...
Bank of Russia to Test International Crypto Payments With Companies – Finance Bitcoin News
The Central Bank of Russia plans to use cryptocurrency for cross-border payments in trials with private companies, a member of...
