BIS Appoints Cecilia Skingsley as Head of Innovation Hub
The Bank for International Settlements (BIS) has appointed Cecilia Skingsley as the head of its innovation hub. Skingsley will...
First Mover Asia: Tether Is Quiet About Its Bankers. Will It Affect Its Peg?
Good morning. Here’s what’s happening: Prices: Bitcoin and a few altcoins had a good day; ether was down. Insights:...
Crypto Banking Rules Now Due This Year From Basel Committee
Norms governing banks' exposure to crypto assets will be completed this year, the Basel Committee on Banking Supervision said,...
Fireblocks Hires Former Bank of England Fintech Chief to Lead CBDC Efforts
Cryptocurrency custody firm Fireblocks hired Varun Paul, the former head of fintech at the Bank of England, as its...
Tether Allegedly Holds Part of Its Reserves in the Bahamas
Stablecoin issuer Tether allegedly holds some of its reserves in a Bahamas-based bank. stablecoin issuer Tether relies on a...
Siam Commercial Bank Is Chasing DeFi Yield Through Compound
Bangkok-headquartered Siam Commercial Bank (SBC), the oldest and one of the biggest banks in Thailand, has entered the decentralized...
What is Digital Currency?
Digital money (or digital currency) means any payment instrument that exists in purely electronic form. A digital currency is...
FED Official Criticizes These Altcoins: He Praises These!
Fed Vice Chairman Lael Brainard said that central bank cryptocurrencies (CBDC) benefits and stablecoins can wreak havoc. The statements...
Federal Vice Chair Lael Brainard Says CBDC Could Coexist With Stablecoins
Federal Reserve Vice Chair Lael Brainard said that a central bank digital currency (CBDC) could exist alongside stablecoins and...
Wall Street Says a Fed Digital Dollar Spells Destruction for Banks
Wall Street bankers are arguing that the Federal Reserve launching its own digital dollar could crack the foundations of...
Regulate Ledgers and Not Individual Crypto Providers, BIS Study Says
Using distributed-ledger technology (DLT) to cut the cost of cross-border payments requires regulators to stop looking at individual entities...
How Do You Tax an NFT?
New global tax reporting rules could soon extend into crypto, non-fungible tokens (NFT) and decentralized finance (DeFi), but some...
Giant Bank Dropped These Altcoins After LUNA Crash!
Australia's largest bank “Commonwealth Bank of Australia” has halted its in-house cryptocurrency trading program after UST and LUNA collapsed...
Bitcoin (BTC) Statement from the Swedish Central Bank
Sweden's Central Bank Riksbank argued that Bitcoin and other cryptocurrencies are not money. According to the bank, Bitcoin's price...
Elwood Technologies Touts Strong Focus on Crypto Derivatives
Cryptocurrency trading firm Elwood Technologies says its focus, following this week’s hefty $70 million funding round that included three...
CBDC Statement from the President of the Central Bank of Chile
Chilean Central Bank Governor Rosanna Costa said the CBDC needs to be carefully analyzed before it can be integrated...