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BIS consultative group proposes retail CBDC architecture

[Dec 19 6:17 PM] According to a BIS report, Jamaica, Nigeria, China, Sweden, the Bahamas and Peru have CBDC programs in various stages of development.

Central banks favor legacy instant payment systems over CBDCs

[Nov 29 7:38 PM] TradFi looks safe on the international payments market for the foreseeable future, despite advances in blockchain solutions.

BIS distances from Project mBridge amid BRICS sanctions concerns

[Oct 31 5:33 PM] Economic sanctions have a profound effect on international financial architecture, it turns out.

Bitcoin Potential For Monetary Policy Sparks Growing Interest Among Central Banks

[Oct 29 1:30 AM] Bitcoin, the world’s top cryptocurrency, is designed to act as a money or payment option outside anyone’s control. Using the crypto, which is decentralized and peer-to-peer, removes the involvement of third parties, like central banks. This…

'The Case for Bitcoin as a Reserve Asset' — Bitcoin Policy Institute

[Oct 26 6:22 PM] According to the paper, central banks collectively hold $2.2 trillion in gold as of Q1 2024 and continue to expand their gold allocations.

Bank of America Declares Gold the ‘Last Safe Haven’ Asset, Forecasts $3,000 Price

[Oct 25 3:30 AM] Bank of America sees gold as the last and ultimate safe-haven asset amid rising U.S. debt, urging traders and central banks to increase their holdings. With concerns over fiscal instability and mounting interest payments, the bank forecasts gold…

What The ECB Gets Wrong About Bitcoin

[Oct 21 4:37 PM] Follow Frank on X. Last week, Ulrich Bindseil and Jürgen Schaaf of the European Central Bank (ECB) published a paper entitled “The distributional consequences of Bitcoin” in which they made a host of dubious claims about Bitcoin.The notions that…

Central Banks Are Secretly Buying Bitcoin

[Oct 21 9:30 AM] It might sound like a conspiracy, but central banks are almost certainly already buying Bitcoin. Here’s why: Hedging Against Their Own Policies Nearly all countries are up to their ears in debt. Since austerity measures are not politically…

Peter Schiff Predicts ‘Mother of All Gold Bull Markets’ — Early Signs of Massive Gold Surge

[Oct 20 1:30 AM] Economist and gold advocate Peter Schiff predicts the “mother of all gold bull markets” as gold prices surge to a record $2,720 per ounce. He attributes the rally to inflation fueled by central banks, warning that fiat currencies are…

Central Banks Boost Gold Holdings Amid Global Geopolitical Tensions and Economic Uncertainty

[Oct 17 12:30 AM] Central banks from several nations have signaled a shift towards increasing gold reserves, citing geopolitical tensions and economic uncertainty. Officials from Mexico, Mongolia, and the Czech Republic expressed support for gold’s growing…

BRICS Unified Currency Deemed Premature by Russian Official

[Oct 8 2:30 AM] Russia’s Deputy Foreign Minister has stated that discussions on a single currency for the BRICS economic bloc are premature due to differences in financial regulation among member nations. Instead, the focus remains on enhancing financial…

Goldman Sachs Raises Gold Forecast to $2,900 by 2025

[Oct 6 6:30 PM] In early September, analysts from the financial powerhouse Goldman Sachs projected that the price of gold would hit $2,700 per ounce by next year. Fast forward to a month later, and Goldman’s market strategists are now setting their sights even…

QCP Capital: Risk Assets Rise on Global Stimulus Outlook 

[Sep 28 9:10 PM] According to a weekend market insights analysis provided by QCP Capital, risk assets experienced a notable rally this week, driven by central bank stimulus measures and key political developments. Analysts from QCP highlighted multiple factors…

QCP Capital Analyzes Bullish Macro Trends Impacting Bitcoin and Risk Assets

[Sep 25 6:30 PM] According to QCP Capital’s latest analysis, macroeconomic conditions are becoming increasingly favorable for risk assets, including cryptocurrencies. Central bank policies, particularly from China and the U.S. are playing a crucial role in…

UBS Favors Gold as ‘Most Preferred’ — Says ‘Hedging Properties Remain Attractive’

[Sep 23 11:16 PM] UBS remains optimistic about gold’s potential, despite its current record highs. The Swiss investment bank highlights key factors, including the Federal Reserve’s rate cuts and global geopolitical tensions that are boosting demand for…

Arthur Hayes: Bitcoin Could Slip to $50,000 — Altcoins Could Dive ‘Into the Gutter’

[Sep 4 11:30 PM] Arthur Hayes, co-founder of crypto exchange Bitmex, has warned of a scenario where bitcoin could “slowly leak lower towards $50,000” and “altcoins could dive deeper into the gutter.” Focusing on the impact of dollar…

Report: Central Bank Gold Demand Surges in July Amid Rising Prices

[Sep 3 6:20 PM] Central banks globally continued to bolster their gold reserves in July, despite an increase in gold prices, according to a report by Krishan Gopaul, senior analyst, EMEA at the World Gold Council. The report highlights a 206% increase in net gold…

Central banks buying gold at record levels, but Bitcoin still outperforms

[Sep 2 5:36 AM] Central banks bought a record 483 tonnes of gold in the first half of 2024, driving the asset to an all-time high.

Arthur Hayes Predicts Bitcoin Boom as Central Banks Cut Interest Rates

[Sep 1 12:30 AM] Bitmex co-founder Arthur Hayes is optimistic about bitcoin’s future, citing recent interest rate cuts by central banks. He believes further rate cuts by the U.S. Federal Reserve, Bank of England, and European Central Bank could expand the…

Gold Shatters Records as Investors Brace for Economic Turbulence

[Aug 20 3:30 PM] Precious metals prices are on the move again, with gold hitting a new peak of $2,564 during Tuesday’s trading sessions. As of now, gold is being traded at $2,527 per ounce, while silver has climbed more than 6% this week, currently standing at…

Bitcoin Price Could Surge 200% To Cross $100,000 If This Happens

[Aug 20 6:30 AM] A crypto analyst has predicted that Bitcoin (BTC), the world’s largest cryptocurrency could see its price surging as high as $100,000, representing a 200% increase from its current value. However, the analyst noted that this bullish projection…

Global Liquidity Hits All Time High, Bitcoin To Follow?

[Aug 2 10:09 AM] According to data from Bitcoin Magazine Pro, the global money supply, also known as global liquidity, has hit an all-time high of $95 trillion; Bitcoin investors and analysts closely watch this key indicator, as higher liquidity has historically…

Philippine Central Bank Warns of AI-Driven Crypto Scams — Governor Denies Endorsing Cryptocurrency Projects

[Jul 19 7:30 PM] The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, has cautioned the public against scams involving AI-manipulated videos and audios, which are used to spread false information, particularly about cryptocurrency…

Digital Euro Holding Limit: Debate Continues

[Jun 25 4:11 PM] The president of Germany’s central bank has highlighted the ongoing debate about the holding limit for the digital euro, Europe’s central bank digital currency (CBDC). He noted that recent Bundesbank research indicates that the optimal…

Big banks rush in to test ECB’s wholesale distributed ledger tech

[Jun 24 11:37 AM] The new participants in the European Central Bank’s DLT tests include major financial institutions.

Central Banks Plan Increased Gold Reserves Amid Global Uncertainty: 2024 World Gold Council Survey

[Jun 19 5:16 PM] The World Gold Council’s 2024 survey reveals that central banks plan to increase gold reserves amid geopolitical and financial uncertainties. Over 80% of respondents expect global bullion holdings to rise, and 29% of central banks plan to…

More Central Banks Are Exploring a CBDC, BIS Survey Finds

[Jun 14 5:08 AM] There's a greater chance of a wholesale CBDC being issued within six years than a retail one, according to the report.

Central Banks Boost Gold Reserves by 33 Tonnes in April

[Jun 7 9:25 PM] Global gold reserves rose by 33 tonnes in April, according to the World Gold Council. The Central Bank of Turkey was at the forefront, increasing its holdings by 8 tonnes. This addition marks 11 consecutive months of purchases, bringing the central…

Private firms to join global central bank CBDC project

[Jun 5 6:05 AM] As Project mBridge enters its MVP phase, the BIS is inviting private sector firms to propose new solutions and use cases to further develop and showcase the platform’s potential.

Central banks turn to generative AI for enhanced cybersecurity: BIS

[May 28 2:34 AM] Central banks are increasingly adopting generative AI for cybersecurity, with a BIS report indicating that 71% are already using it and more planning to follow.