Report urges central banks to work together on digital currency interoperability

Report urges central banks to work together on digital currency interoperability

The Bank for International Settlements, the International Monetary Fund and the World Bank say CBDCs should be programmed in advance to avoid interoperability issues. International agencies are urging central banks to consider interoperability early in the design of central bank digital currencies (CBDCs). The Bank for International Settlements (BIS) Committee on Payments and Market Infrastructures,…

Capital Flooding in Bitcoin and Ethereum Tends to Stay: Messari

Capital Flooding in Bitcoin and Ethereum Tends to Stay: Messari

Crypto IPOs and ETFs are more important to institutions interested in crypto assets than retail investors looking for similar exposure, Messari’s annual report reveals. The bloodbath will probably worsen, at least, until the end of the year as inflation will remain above 5%, and regulatory crackdowns against the industry deepen, according to the annual report…

Swiss post office to offer crypto trading and custody services by 2024

Swiss post office to offer crypto trading and custody services by 2024

The Swiss post office through its banking arm, PostFinance has announced plans to extend its cryptocurrency entry by rolling out a trading and custody product following increased demand from users.  The service, likely to be available by 2024 at the latest, will be independent from the bank’s other cryptocurrency products becoming the first in the country, Swiss Info reported on July 11. …

UN Report: Venezuela Ranks Third Among Countries With Most Crypto Adoption

UN Report: Venezuela Ranks Third Among Countries With Most Crypto Adoption

Venezuela, one of the first countries in Latam to be considered “crypto-friendly” by some standards, has ranked third in adoption rates, according to a report issued by the United Nations. The report, issued last month, states that the cryptocurrency ecosystem has grown by 2,300% between September 2019 and June 2021, and that the Covid-19 pandemic…

Bitcoin Skeptic Peter Schiff Will Sell Troubled Euro Pacific Bank for BTC if Regulators Let Him

Bitcoin Skeptic Peter Schiff Will Sell Troubled Euro Pacific Bank for BTC if Regulators Let Him

Peter Schiff says he will sell his bank, Euro Pacific, for bitcoin if the Puerto Rican regulators let him sell it. “My bank was not put into receivership for being insolvent. It was put there for being under-capitalized,” the bitcoin skeptic said. Peter Schiff Says He’s Willing to Sell His Bank for Bitcoin Bitcoin skeptic…

Binance CEO Predicts DEXes Will Overtake CEXes Within the Next 10 Years

Binance CEO Predicts DEXes Will Overtake CEXes Within the Next 10 Years

CZ, Co-Founder and CEO of the world’s largest centralized crypto exchange (CEX) by trading volume, recently shared his thoughts on decentralized finance (DeFi) and decentralized exchanges (DEXes). Speaking in an interview with the two co-hosts of the Bankless podcast, Binance chief Changpeng “CZ” Zhao predicted that DeFi and decentralized exchanges (DEXes) would be far superior to…

Stablecoin Transactions Could Be Made Legal in Russia

Stablecoin Transactions Could Be Made Legal in Russia

According to a senior government official, the Russian Ministry of Finance (Minfin) is willing to back the legitimacy of stablecoin-based transactions in Russia. According to a story published on July 7 by the Russian outlet bits.media, Ivan Chebeskov, the director of the Financial Policy Department at the Russian Federation’s Ministry of Finance, stated that the ministry supports allowing the…