2 / 3 Relevant items tagged with #CentralBanks
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Bitcoin Has Best Day in 2 Months as Markets Anticipate a ‘Summer of Easing'
[May 16 12:08 AM] The net percent of global central banks cutting rates is increasing in a positive sign for risk assets, including cryptocurrencies.
ECB’s Joachim Nagel Urges Central Banks to Evolve: ‘We Need to Work on Our Business Model’
Bitcoin Tentative, Asian Stocks Slide on BOJ Rate Hike Talks
[Mar 11 1:07 AM] The BOJ has long been seen as a major source of uncertainty for financial markets, including cryptocurrencies.
RBI Chief: Crypto Threatens Rupee Stability, Urges Investors to Be Cautious
Test and Deploy: A New Era for CBDCs
[Jan 17 9:55 AM]
Gold Rush Continues – Central Banks Purchased 44 Tonnes in November
[Jan 8 3:30 PM] Krishan Gopaul, senior analyst of the World Gold Council, revealed that central banks kept adding gold to their reserves during November. According to public records and reports from the International Monetary Fund (IMF), central banks added 44t of…
Bank of Korea Governor Sees CBDC Introduction as Case for 'Urgency:' Report
[Dec 15, 2023 8:47 AM] Stablecoins' widespread usage and frequent instability could lower the effectiveness of central bank monetary policies, Rhee Chang-yong said.
Taiwan Completes Wholesale CBDC Technical Study, Central Bank Official Says
[Dec 11, 2023 10:34 AM] The central bank is now gathering feedback and improving a platform design, according to Deputy Governor Chu Mei-lie.
Economist Steve Hanke: US Dollar Weaponization Has Powered Record Central Bank Gold Purchases
[Nov 28, 2023 2:30 AM] Steve Hanke, professor of applied economics at Johns Hopkins University, has discussed how U.S. policies have driven central bank gold purchases to record levels this year. In an interview, Hanke stated that these purchases were motivated by the…
Bitcoin: A Beacon Of Financial Liberation In A Dollar-Driven World
[Nov 13, 2023 9:30 AM] It has become commonplace to normalize the extremity of fiat. The last such instance was in September when the federal government broke another record by crossing the $33 trillion national debt threshold. A decade ago, the USG’s outstanding…
Nigerian Central Bank Refutes Claims It Plans to Redenominate the Naira in 2024
[Nov 2, 2023 3:00 AM] The Nigerian Central Bank has denied claims in a widely circulating text message that it plans to redenominate the naira starting in January 2024. According to the bank, the authors of the message had seemingly “modified text eked from an old…
Bitcoin Holds Steady Above $34K After Hawkish BOJ Decision
[Oct 30, 2023 11:55 PM] The BOJ's yield curve control program has been a major source of liquidity for financial markets since 2016. Early Tuesday, the bank tweak the curve control program in what appears to be a stealth hawkish move.
Why Central Bank Digital Currencies Can't Compete with Bitcoin
[Oct 10, 2023 11:10 AM] The emergence of Central Bank Digital Currencies (CBDCs) has ignited widespread interest, sparking enthusiasm among central bankers, generating curiosity within financial media, and fueling spirited debates in the Bitcoin community. Among…
Bank of Japan a Major Source of Uncertainty, Crypto Volatility Trader Says
[Sep 21, 2023 6:27 AM] Once the BOJ begins policy normalisation, yen carry trades may unwind quickly, leading to increased cross-asset volatility.
Report Reveals East Is Challenging West’s Long-Standing Gold Pricing Dominance
CBDCs: The Ultimate Corruption Of Money
[Aug 14, 2023 6:00 AM] This is an opinion editorial by Josef Tětek, a Bitcoin analyst at Trezor.Imagine this: It’s payday but before the money reaches your account, someone else has already decided what you’ll spend your money on — one third of your paycheck on housing
Central Banks Resumed Gold Purchases in June
[Aug 7, 2023 4:30 PM] Central banks ramped up gold purchases in June, according to statistics from the International Monetary Fund (IMF). In this period, central banks added 55 tonnes of gold to their reserves after three months of net selling, with China purchasing the…
If Bitcoiners Don’t Do More, CBDCs Will Win
[Jul 28, 2023 6:00 AM] This is an opinion editorial by Logan Chipkin, a professional writer who creates educational content about Bitcoin and other topics.In “The Fiat Standard,” economist Saifedean Ammous argues at length that the United States federal government has…
Bitcoin Steady Above $29K, Bond Yields Rise as BOJ Makes Yield Curve Control More Flexible
[Jul 27, 2023 10:52 PM] BOJ announced a proper yield curve control tweak with semantics that camouflaged the hawkish move.
Central Banks Controlling Money Is Not Democracy, Balaji Srinivasan Says
[Jul 12, 2023 5:30 AM] If central banks control all uses of money, this is not democracy, Coinbase’s ex-tech chief Balaji Srinivasan is convinced. The entrepreneur commented on statements by the head of the Bank of International Settlements during an IMF meeting devoted…
BIS Survey: 93% of the World’s Central Banks Are Engaged in CBDC Work
[Jul 11, 2023 11:30 PM] The Bank for International Settlements (BIS), an organization that seeks to support the international cooperation of the world’s central banks, has released the results of its 2022 survey on central bank digital currencies (CBDC) and crypto…
World Gold Council’s Mid-Year Report: Gold Set for a Neutral Second Half Under Economic Uncertainty
Deflecting Blame — Bank of England Governor Bailey Accuses UK Retailers of Overcharging Customers
[Jul 9, 2023 8:30 AM] After the Covid-19 pandemic, many people believe the implementation of extensive stimulus measures and quantitative easing (QE) policies resulted in an overwhelming surge of inflation that has burdened millions across the globe. While certain…
Gold to $2,100 — Investment Management Firm Says Gold to Be Key Instrument in New Financial Order
[Jun 21, 2023 3:30 PM] Central banks, particularly those in emerging economies, are ramping up their gold reserves in preparation for a new monetary regime, signaling a potential loss of reserve currency status for the U.S. dollar, according to the investment management…
Economist Steve Hanke Warns of an ‘Ugly’ Recession Looming and Accuses Federal Reserve of Directionless Policies
[Jun 17, 2023 3:30 PM] Steve Hanke, an economist and professor of Applied Economics at Johns Hopkins University, as well as a former member of Ronald Reagan’s Council of Economic Advisors, recently expressed his belief that the U.S. Federal Reserve is lacking…
Turks Turn to Tether Amid Record Inflation, Limited Access to Dollar, Report Reveals
[Jun 11, 2023 7:30 PM] People in Turkey have been seeking refuge in stablecoins as their national fiat continues to depreciate against the greenback. The Turkish lira saw a record drop in its exchange rate with the U.S. dollar when the country’s central bank…
AI Chatbots Weigh In: Is Bitcoin Poised to Become a Global Reserve Currency?
[Jun 10, 2023 2:00 PM] While some people believe that bitcoin (BTC) could become a global reserve asset, others are skeptical. Rather than relying on human subjective valuations and biases, we conducted an experiment to let artificial intelligence (AI) determine whether…
IMF Urges Fed to Maintain Tightening Policy Amid Inflation Concerns, Citing ‘Challenges’ Ahead
[Jun 9, 2023 8:00 AM] On Thursday, International Monetary Fund (IMF) spokesperson Julie Kozack urged the U.S. Federal Reserve and several other central banks to maintain a restrictive monetary policy known as tightening. Kozack stated that the U.S. central bank may need…
New Book Reveals Central Banks’ Role in Libor and Euribor Rate-Rigging Scandals
[May 22, 2023 3:30 PM] According to an extract from a book called “Rigged,” central banks and global policymakers helped coordinate the rate-rigging scandals Libor and Euribor on a large scale. Written by Andy Verity, the book exposes how various central banks and…