Switzerland’s announcement at the Sibos 2023 conference about live transactions with a Central Bank Digital Currency (CBDC) has sparked a flurry of claims and counter-claims within the XRP community. A user on X (formerly Twitter) claimed that the Swiss Central Bank is using XRP as a settlement token through the R3 network. However, an expert […]
On October 5th, the Reserve Bank of Zimbabwe (RBZ) launched a new digital token called Zimbabwe Gold (ZiG) as a payment method. This initiative was first introduced by the central bank in April 2023, with the aim of encouraging local investors to invest in national assets rather than relying on the American dollar. The RBZ […]
The U.S. Bureau of Labor Statistics released a better-than-expected jobs report in September, which has had a positive effect on stock and bond markets. The nonfarm payroll employment increased by 336,000, and the unemployment rate remained unchanged at 3.8%. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all saw increases, and the 10-year […]
The Basel Committee on Banking Supervision is considering requiring banks to disclose their crypto asset holdings in light of the banking crisis earlier this year. The committee, which operates under the Bank for International Settlements, identified holding crypto as one of the factors that led to the demise of several banks in March. At its […]
The Ethereum network has seen a rise in staking since major network upgrades, Merge and Shanghai, but this has come at the cost of higher centralization and lower staking yields, according to a new report by JPMorgan. The top five liquid staking providers — including Lido, Coinbase, Figment, Binance and Kraken — control more than […]
The Federal Reserve’s recent decisions to raise interest rates and reduce its balance sheet have caused uncertainty in the cryptocurrency markets. Investors are concerned that the Fed’s actions could lead to a decrease in the value of digital assets, as well as a decrease in the demand for them. The Fed’s decisions have also caused […]
Crypto companies in the Netherlands, including Bitvavo and Coinmerce, have won a legal battle against the Dutch central bank (DNB) over a $2.3 million fee imposed for anti-money laundering registration. The Rotterdam court ruled that the DNB had overstepped its legal authority in assessing the registration requests. The court also highlighted that it is not […]
The Bank of International Settlements (BIS) has announced a collaboration with major European central banks to launch Project Atlas, a groundbreaking tracking system for the burgeoning world of cryptocurrencies and decentralized finance (DeFi). The initiative will aggregate off-chain data sourced from cryptocurrency exchanges with on-chain data obtained from public blockchains via nodes. This will enable […]
Central Banks in the Eurozone are planning to launch a wholesale Central Bank Digital Currency (CBDC) in the near future. This CBDC is designed for financial institutions and businesses, and is intended to streamline financial operations and enhance efficiency in settling transactions. The Central Bank is exploring various protocols, blockchains, and even a proprietary Distributed […]
The Bank of International Settlements (BIS) is collaborating with central banks in Europe to develop a data-gathering platform called Project Atlas. This platform will combine off-chain and on-chain data to create novel statistics and vet existing information. It will track and estimate the flow of digital assets across specific geographic locations. The Deutsche Bundesbank and […]
