Bitcoin May Face Major Correction Amid Financial Strains, Predicts BitMex Founder

As the decision on Bitcoin exchange-traded funds (ETFs) looms, prominent figures in the industry are adopting a cautious stance. BitMex founder Arthur Hayes has predicted a 20-30% drop in Bitcoin value in March, following a possible approval of a Bitcoin ETF. He also suggests that the crypto market could face a significant correction.Hayes’ prediction is […]

Spanish Central Bank Announces Partners for Wholesale CBDC Pilot Program

The Spanish Central Bank has announced the finalization of its partners for a six-month pilot program aimed at simulating interbank payment processing and settlement. The program will utilize a single tokenized wholesale Central Bank Digital Currency (CBDC) as well as other foreign CBDCs issued by various central banks.This pilot program is a significant step towards […]

Nigeria’s cNGN Stablecoin Set to Revolutionize Remittances and Global Trade

The Central Bank of Nigeria has approved the launch of the cNGN stablecoin, which is set to pilot in February. This stablecoin is being introduced as an alternative to a Central Bank Digital Currency (CBDC) and aims to bring about a revolution in remittance and global trade efficiencies.The cNGN stablecoin is expected to provide a […]

Bank of Spain Chooses Collaborators for Wholesale CBDC Pilot

The Bank of Spain has announced its partnership with Cecabank, Abanca, and Adhara Blockchain for the pilot of the wholesale central bank digital currency (CBDC) program. Over the next six months, the pilot will simulate the processing and settlement of interbank payments using a tokenized wholesale CBDC and multiple wholesale CBDCs issued by different central […]

Nigeria’s Central Bank Implements New Guidelines for Cryptocurrency Accounts

In a significant policy shift, Nigeria’s central bank has released updated guidelines for banks handling cryptocurrency accounts, signaling a change in the country’s stance towards digital assets. The move comes after the central bank recently lifted its ban on banks operating accounts for digital currency service providers, overturning a prohibition that had been in effect.Nigeria […]

Nigeria’s Central Bank Implements Stringent Guidelines for Cryptocurrency Banking

Nigeria’s central bank has issued new guidelines for banks dealing with cryptocurrency accounts, signaling a shift in the country’s approach to digital assets. The guidelines, detailed on the central bank’s official website, impose strict rules on banks when it comes to dealing with cryptocurrencies. Banks are prohibited from holding or trading virtual assets on behalf […]

Turkey’s Central Bank Appoints Crypto Expert to Monetary Body

Turkey’s President Recep Tayyip Erdoğan has appointed Professor Fatma Ozkul, an expert in crypto assets and blockchain technology, to the central bank’s monetary body. Ozkul, a lecturer at Marmara University in Istanbul, has a strong academic background in accounting, finance, and auditing, with a focus on blockchain technology and digital assets. She recently authored a […]

Swiss National Bank Launches Pilot Project for Wholesale CBDC on SIX Digital Exchange

The Swiss National Bank (SNB) has announced that it will be launching a pilot project called Helvetia Phase III, which will involve the use of central bank digital currency (CBDC) on the SIX Digital Exchange (SDX) platform. This marks a significant step forward in the SNB’s exploration of digital currencies, as it will be the […]

Calls for Liz Truss’s Resignation Grow as Conservative Party Members Express Discontent

Russia has officially integrated its central bank digital currency (CBDC), the digital ruble, into the nation’s tax code. This move signifies a significant step in Russia’s adoption of digital currencies, as President Vladimir Putin signed it into law.The International Monetary Fund (IMF) has raised concerns about high inflation rates worldwide, urging central banks to maintain […]

Swiss Cities Basel and Zurich Settle Tokenized Bonds Using Wholesale CBDC

The cities of Basel and Zurich in Switzerland have made history by settling tokenized bonds using a wholesale central bank digital currency (CBDC) issued by the Swiss National Bank (SNB). This milestone was achieved as part of Project Helvetia Phase III, an initiative exploring the real-world use cases of a wholesale CBDC for commercial banks. […]