102 / 104 Relevant items tagged with #Finance
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Bitcoin Continues to Record Blocks Above the 3.75 MB Range as Ordinal Inscriptions Near 150,000
[Feb 19, 2023 11:30 AM] As Ordinal inscriptions approach the 150,000 mark, blocks larger than 3 MB have become commonplace, with many blocks near the 4 MB range. Meanwhile, after the average transaction fee on-chain rose 122% higher at the beginning of February 2023, the…
Bill Allows Russian Financial Platforms to Operate Blockchains, Issue Digital Assets
[Feb 17, 2023 5:00 PM] A draft law filed in the Russian parliament permits operators of platforms providing financial services to also run blockchain platforms. The legislation will allow them to combine their regular activities in the traditional financial market with…
Swiss Crypto Company Taurus Raises $65 Million From Credit Suisse, Other Banks
[Feb 16, 2023 3:00 AM] Digital asset infrastructure provider Taurus has secured millions of U.S. dollars in investment from major banking institutions. The successful funding round comes in the aftermath of negative developments in the crypto space, indicating that large…
Ukraine Speeds Up Digital Hryvnia Project, Plans Pilot for This Year
[Feb 14, 2023 11:00 PM] Ukrainian authorities are speeding up the development of the electronic hryvnia, a high-ranking government official indicated. The executive power in Kyiv is now in talks with the central bank and businesses involved in the project to pilot the…
Digital Gold Traded for Digital Rubles by Russia’s Rosbank
[Feb 9, 2023 6:30 AM] Rosbank has brokered Russia’s first deal involving the exchange of tokenized gold with the digital version of the Russian national fiat currency, the ruble. The successful transaction demonstrates the growing interest in digital financial assets…
DeFi securitization of real-world assets poses credit risks, opportunities: S&P
[Feb 8, 2023 10:30 AM] Decentralized finance protocols could attract institutional interest if they get securitization right, according to S&P Global Ratings.
DeFi protocols unite to promote permissionless Web3 experiences
[Feb 7, 2023 6:47 AM] The collaboration of over 30 DeFi projects came as an effort to counteract the negative sentiments built in 2022 due to numerous CeFi ecosystem crashes.
Russia’s Largest Private Bank Launches Digital Asset Platform
[Feb 5, 2023 3:00 PM] Alfa-Bank, one of the major Russian banking institutions, has established its own platform for digital financial assets. The launch became possible after Russia’s monetary authority added Alfa-Bank to its register of digital asset issuers this…
Is it possible to achieve financial freedom with Bitcoin?
[Feb 5, 2023 4:40 AM] Bitcoin aims to bring power back to the people. Beyond that, a calculated investment in Bitcoin can potentially bring one closer to financial freedom. But how does one do that?
Banks in Russia to Lose $700 Million a Year Due to Digital Ruble, Experts Say
[Feb 3, 2023 2:00 AM] Russian banks may be the main losers from the introduction of a digital ruble while retailers will save on acquiring fees, analysts have predicted. The benefits for consumers using the new digital currency are not that obvious as they may not be…
Tokenization and the Future of Crypto
[Feb 1, 2023 4:45 PM] Pedro Palandrani of Global X discusses where KKR, Starbucks and others are going with the tokenization movement.
Crypto Bank Custodia Denied Membership in US Federal Reserve System
[Jan 29, 2023 5:30 AM] The U.S. Federal Reserve Board has rejected the attempt of Custodia Bank to become member of the Federal Reserve System. According to the decision announced Friday, the application submitted by the digital asset bank is inconsistent with legal…
CZ predicts ‘existential implications’ for anti-crypto traditional finance
[Jan 28, 2023 1:41 AM] While the reluctance of traditional players stands as a deterrent to crypto’s adoption in the short term, CZ argues that the decision might backfire over the next two decades.
Russia Mulls Gold-backed Stablecoin, Lawmaker Confirms After Iran Visit
[Jan 26, 2023 5:30 PM] Russia may issue a stablecoin backed by gold to use in international settlements, a high-ranking member of the Russian parliament has admitted. The matter has been discussed during a recent visit to Iran where officials have also signaled interest…
Moody’s to build scoring system for stablecoins: Report
[Jan 26, 2023 3:45 PM] Moody's is allegedly developing a scoring system for stablecoins, with analysis of up to 20 digital assets.
‘Prohibitive’ Capital Rules for Banks Holding Crypto Win Support in EU Parliament
[Jan 26, 2023 2:30 AM] Lawmakers in the European Union have backed legislation imposing new capital requirements for financial institutions, including strict rules meant to cover crypto-related risks. The latter concern banks keeping digital assets and are expected to…
Crypto Diversification Is Back in 2023
[Jan 25, 2023 2:30 PM] Bitcoin can be viewed as protection from inept central banks (and, yes, a tool for speculation, too).
China-backed Blockchain Project Proposes SWIFT Alternative for Stablecoins and CBDCs
[Jan 23, 2023 3:30 AM] The company developing China’s blockchain network wants to create a system for international settlements with stablecoins and state-issued digital currencies. The plan is to establish a platform facilitating the use of these two fiat-based…
Central African Republic eyes legal framework for crypto adoption
[Jan 22, 2023 1:04 AM] A 15-member committee is tasked with working on a legal framework that will allow cryptocurrencies to operate in Central African Republic and expedite the development of the national economy.
Silvergate Capital Incurs Loss of $1 Billion in Q4 of 2022
[Jan 20, 2023 3:30 AM] Silvergate Capital Corporation, the parent firm of the crypto-focused bank Silvergate Bank, has attributed the $1 billion loss it incurred in the fourth quarter of 2022 to the confidence crisis that permeates the entire crypto ecosystem. While…
Decentralized forex will reduce cost by as much as 80%: Report
[Jan 19, 2023 3:30 PM] The researchers compared the average cost of remittances according to World Bank data with estimated costs of trading USDC and EUROC stablecoins at Uniswap.
Eurozone Finance Ministers Pledge Support for Digital Euro Project, Talk Privacy
[Jan 19, 2023 2:30 AM] The ministers of finance of the countries in the eurozone reaffirmed their support for efforts to prepare for the potential launch of a digital euro. Meanwhile, the single currency area’s monetary authority sought to reassure future users that the…
Iran and Russia Consider Issuing Gold-Backed Stablecoin, Officials Unveil
[Jan 18, 2023 12:30 AM] Tehran and Moscow are discussing the possible launch of a stablecoin for international settlements, the Russian press revealed. In order to mint the gold-backed currency, however, authorities would need to first regulate crypto assets, a lawmaker…
Georgia Prepares to Launch Digital Lari Pilot in First Half of 2023
[Jan 16, 2023 10:30 PM] The central bank of Georgia intends to publish a document detailing the concept of a national digital currency in the coming months. Other participating parties will use it to finalize their proposals for the pilot which the monetary authority…
Bradesco, One of Brazil’s Largest Banks, Launches Tokenized Credit Notes in Blockchain Pilot
[Jan 16, 2023 6:30 AM] Bradesco, one of the largest banks in Brazil and the third biggest in all of Latam, has entered the cryptocurrency world by issuing its first tokenized credit notes. The operation, carried out in partnership with Bolsa OTC, tokenized almost $2…
Samsung’s Asset Management Arm Launches Bitcoin Futures ETF in Hong Kong
UK Treasury Considers Digital Pound, Maintains Crypto Hub Objective
[Jan 12, 2023 3:00 AM] The U.K. is mulling over launching a digital pound as it remains committed to becoming a cryptocurrency hub, a government representative has indicated. British authorities should also regulate payments with stablecoins, according to the official…
Bank of Russia Outlines Payment Models With Digital Ruble, Other CBDCs
[Jan 11, 2023 2:30 AM] The Central Bank of Russia has detailed two methods for implementing the digital ruble and other state-backed coins in international settlements. The monetary authority also plans to start testing consumer-to-business (C2B) operations in the first…
Crypto service Tap Global becomes first 2023 listing on UK stock exchange
[Jan 10, 2023 3:00 PM] The company provides regulated bank accounts and offers crypto purchases through affiliated exchanges.