Bitcoin and other top ten cryptocurrencies such as ethereum, XRP, and solana have experienced a sharp decline, despite a massive $10 trillion bitcoin price bet. This has resulted in a nearly 10% drop in bitcoin price over the last 24 hours, affecting the price of other major cryptocurrencies and erasing around $100 billion from the […]
The European Central Bank (ECB) has adopted a cautious stance towards Bitcoin, with ECB Executive Director Isabel Schnabel stating unequivocally that the bank has no intention of purchasing the cryptocurrency. Schnabel, speaking through the ECB X account, described Bitcoin as a speculative asset that does not meet the criteria of money.This statement was made in […]
The European Central Bank (ECB) has adopted a cautious stance towards Bitcoin, with ECB Executive Director Isabel Schnabel stating unequivocally that the bank has no intention of purchasing the cryptocurrency. Schnabel, speaking through the ECB X account, described Bitcoin as a speculative asset that does not meet the criteria of money.This statement was made in […]
Bitcoin’s momentum as a payment method is dwindling due to its inefficiency, according to Bank of England (BOE) governor Andrew Bailey. In a recent meeting with the United Kingdom Parliament Treasury Committee, Bailey reiterated his belief that unbacked cryptocurrency lacks intrinsic value.“My own sense is that it’s not taking off as what I might call […]
The Basler Kantonalbank (BKB) has issued a new bond for the canton of Basel-Stadt. The unique aspect of this bond is that it can be purchased with digital central bank money, as announced by the canton on Wednesday.However, this can only be done through banks, as the bond is part of the pilot project “Helvetia […]
The Swiss National Bank (SNB) is set to report a loss of around 3 billion Swiss francs for the fiscal year 2023, according to provisional calculations released on Tuesday. This follows a trend from the previous year, where losses prevented profit distribution to the federal government and cantons.Last year, the SNB benefited from the markets. […]
The departure of media “Spin Doctor” Peter Dietlmaier leaves a significant gap in managing external perceptions. This may seem like a minor detail, but it is indeed crucial.Is the crypto-renaissance replacing the sustainability trend? Yes. Financial institutions have used “sustainability” as a marketing tool in recent years, allowing them to profile themselves as architects of […]
Arthur Hayes, a renowned thought leader in the crypto industry, has warned Bitcoin investors to prepare for a potential 40% dip in March due to macroeconomic factors. In a recent blog post, Hayes highlighted three key reasons why March will be a pivotal month for Bitcoin.The Bank Term Funding Program (BTFP), established after the 2023 […]
The Central Bank of Nigeria (CBN) has given its approval to the African Stablecoins Consortium (ASC) to introduce a new stablecoin, the cNGN. This move has sparked excitement and curiosity about the potential impact of this new stablecoin on the Nigerian economy and its resonance in the global cryptocurrency market.The CBN’s backing of cNGN marks […]
As the decision on Bitcoin exchange-traded funds (ETFs) looms, prominent figures in the industry are adopting a cautious stance. Arthur Hayes, the founder of BitMex, has forecasted a 20-30% drop in Bitcoin’s value in March, following the potential approval of a Bitcoin ETF. He also anticipates a significant correction in the crypto market.Hayes’ prediction is […]
