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Crypto On Watch: Will ECB Rate Cut Fuel Bitcoin Rally?

[Jun 7, 2024 3:00 AM] Bitcoin prices are set to surge following the European Central Bank’s (ECB) decision to initiate its first interest rate cut in five years yesterday. The unanimous vote by all 20 national representatives slashed rates by 0.25%, marking a…

Study: Half of Surveyed Germans ‘Imagine Using a Digital Euro as an Additional Payment Option’

[Jun 4, 2024 7:55 PM] A new report has found that half of Germans who participated in a survey study can “imagine using a digital euro as an additional payment option.” However, the study also revealed that some three-quarters of the respondents view the…

ECB’s Joachim Nagel Urges Central Banks to Evolve: ‘We Need to Work on Our Business Model’

[May 8, 2024 2:50 PM] Joachim Nagel, President of the Deutsche Bundesbank and Member of the Governing Council of the European Central Bank (ECB), has raised concerns about central banks’ business model. “If part of your core product is loosening…

Central banks must revise business model, embrace CBDCs — ECB member

[May 6, 2024 3:10 PM] Bundesbank’s president Joachim Nagel urged central banks to revamp their business models and adopt digital currencies during the BIS Innovation Summit.

ECB Economists: Bitcoin Fails to Become Global Decentralized Digital Currency, BTC’s Fair Value Is Still Zero

[Feb 24, 2024 11:30 PM] The European Central Bank (ECB) has published a blog post claiming that “bitcoin has failed to fulfill its original promise to become a global decentralized digital currency.” The ECB economists who authored the post added that…

The European Central Bank Is Either Lying About Bitcoin or Lying to Itself

[Feb 22, 2024 1:26 PM] ECB Director General Ulrich Bindseil and advisor Jürgen Schaaf are definitely against bitcoin, but their reasons don’t make a lot of sense.

ECB Officials' Full Statement on Bitcoin's Failed Promise and ETFs

[Feb 22, 2024 10:05 AM] "Bitcoin has failed on the promise to be a global decentralised digital currency and is still hardly used for legitimate transfers. The latest approval of an ETF doesn’t change the fact that Bitcoin is not suitable as means of payment or as an…

Bitcoin ETF Approval Comparable to 'Naked Emperor’s New Clothes,’ ECB Officials Say

[Feb 22, 2024 5:39 AM] The U.S. SEC’s approval of multiple spot ETFs and the billions of dollars that have poured in since doesn't make Bitcoin a good investment or a better means of payment, the central bankers said in a blog post.

ECB Staff Unhappy With Christine Lagarde’s Leadership, Survey Shows

[Jan 26, 2024 9:30 PM] A survey of European Central Bank (ECB) staff has revealed widespread dissatisfaction with President Christine Lagarde’s leadership. More than half of the respondents rated Lagarde’s performance as “very poor” or…

Bitcoin is up 170% since the ECB called its 'last gasp' at $16.4K

[Dec 6, 2023 3:20 AM] Bitcoin does the complete opposite of what the EU's central bank warned about in late 2022.

Crypto Firms That Act Like Banks Should Be Regulated Like Them, ECB Official Says

[Nov 29, 2023 5:54 AM] But supervision of bank-like crypto firms could be a pain for regulators, said Andrea Enria, chair of the supervisory board at the European Central Bank.

Fiery Public Hearing on Digital Euro Sees Experts Diverge on Key Issues

[Nov 28, 2023 12:46 PM] Expert witnesses answered lawmaker questions on holding limits, impact on banking systems and privacy for an EU central bank digital currency.

Digital Euro Can End Bank Crises, Is Better Than Deposits, Ex-Bank of Spain Chief Says

[Nov 28, 2023 9:27 AM] A central bank digital currency (CBDC) could also be used to deregulate banking activities and help the banking sector grow, Miguel Fernández Ordóñez said during a European Parliament hearing on a digital euro.

Bitcoin critic, ECB chief Lagarde says her son 'ignored' her, lost money on crypto: Report

[Nov 24, 2023 7:13 AM] European Central Bank chief Christine Lagarde reportedly said her son ignored warnings against crypto investments and lost “about 60%” of his money.

Digital Euro Isn't Pressing, but Work Should Continue: Spanish Central Bank Governor

[Nov 22, 2023 4:11 AM] Europe's "highly efficient" payment systems leave space to address social and financial concerns of a central bank digital currency, Pablo Hernández de Cos said.

BIS general manager urges central banks to “lead innovation” for CBDCs

[Nov 8, 2023 5:12 AM] Agustín Carstens called CBDCs the “central element” of central bank leadership in innovation.

Project mBridge reveals details of its workings ahead of MVP, commercial debut

[Oct 31, 2023 2:15 PM] Project mBridge has put together a slick publication with lots of new information to let the world know what the hottest project in CBDC is.

Data Protection Bodies Call For ‘Privacy Threshold’ in Digital Euro Transactions

[Oct 21, 2023 3:30 PM] Ensuring low-value digital euro transactions are not traced is one of the recommendations made by two data protection agencies in the EU. The independent bodies have presented their joint opinion on the proposed regulation for the upcoming digital…

Digital Euro Project Moves to 'Preparation' Phase

[Oct 18, 2023 8:09 AM] The move is not a decision to issue a central bank digital currency, the European Central Bank said Wednesday.

Future of DAOs limited by lack of regulatory framework: ECB Occasional Paper

[Oct 18, 2023 2:35 AM] Uncertain regulatory conditions continue to have a negative impact on the sustainable growth of the DAO ecosystem, revealed a new European Central Bank Occasional Paper.

Italy’s Cipollone Defends Digital Euro as He Seeks ECB Role

[Oct 9, 2023 9:24 AM] Remarks at a parliamentary hearing suggest no digital currency swerve when Fabio Panetta steps down in November

Digital Euro at Least 2 Years Away, ECB’s Lagarde Says

[Sep 25, 2023 8:43 AM] The central banker said she wanted to address “conspiracy theories” about government snooping

ECB Official Shares Digital Euro Progress, Concerns Over Paypal’s Stablecoin

[Sep 7, 2023 5:30 AM] European Central Bank (ECB) executive board member Fabio Panetta has warned about stablecoins issued by private providers, such as Paypal. He also provided an update on the progress of the digital euro. “At the ECB, our investigation phase is…

Digital euro can ward off a host of private payment service ills: ECB official

[Sep 4, 2023 2:57 PM] Private payment services can gain a monopoly with no benefit to other market players or economic stability, ECB board member Fabio Panetta said.

Spanish central bank official talks about private payment services in era of digital euro

[Aug 25, 2023 2:23 PM] Banco de España Deputy Gov. Margarita Delgado voiced concern about financial stability issues but painted a rosy picture for nonbank financial service providers.

European Central Bank Follows US Fed’s Footsteps With 25 BPS Hike

[Jul 27, 2023 2:00 PM] On Thursday, the Governing Council of the European Central Bank (ECB) announced that it was raising “three key ECB interest rates” by 25 basis points (BPS) in a move similar to the one taken by the United States Federal Reserve.  The US Federal…

ECB Tightens Grip With 12th Consecutive Rate Hike; Lagarde Asserts ‘No Cuts’ Amid Lingering Inflation Concerns

[Jul 27, 2023 12:30 PM] The European Central Bank (ECB) has raised the benchmark bank rates by 25 basis points (bps) citing that inflation was down but still remained “too high for too long.” When ECB president Christine Lagarde was pressed about cutting rates by…

Eurozone Inflation to Remain Higher Than 2% Target in Next 2 Years, ECB’s Lagarde Admits

[Jul 9, 2023 12:30 PM] Inflation in the eurozone has started to decline but the area’s monetary authority expects it to remain above its target in the next two years. The European Central Bank has to do more to bring it down, its governor commented on the backdrop of…

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…

ECB to Start Wholesale CBDC Settlement Trials in 2024

[Jun 29, 2023 3:04 AM] The central bank wants to see innovative interventions in financial markets – but under existing rules.