Central Banks

Payments Giant Paypal Says Its Customers Can Now Buy and Sell Bitcoin

Digital Yuan Giveaway: China’s Shenzhen City Hands Out 10 Million Yuan in Central Bank Digital Currency A major Chinese city is giving away 10 million yuan in the country’s central bank digital currency this weekend. Recipients can use their digital yuan at 3,389 stores next week. The city aims for the giveaway to boost usage …

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Long-Term Fundamentals Signal Robust Crypto Bull Market Fueled by Reckless Money Printing, Defi

A robust cryptocurrency bull market is in the making, a Weiss Crypto Ratings analyst explained. Citing central banks’ “reckless money printing policies” and “the explosion in Defi innovation,” he sees long-term fundamentals favoring cryptocurrencies despite some short-term selloffs. Robust Bull Market in the Making Weiss Crypto Ratings’ Juan Villaverde explained last week that long-term fundamentals …

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Bitcoin briefly hits $11.6K as Fed says it will let inflation pass 2%

Bitcoin (BTC) spiked to $11,600 on Aug. 27 as the United States Federal Reserve committed to maintaining an average of 2% inflation. Data from Coin360 and Cointelegraph Markets showed BTC/USD jumping several hundred dollars on Thursday as Fed Chair Jerome Powell delivered a speech on the state of the economy. Cryptocurrency market daily snapshot, Aug. …

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As Gold Touches New Highs Investors Face Storage Issues, Market Dilution, Threat of Seizures

During the last few weeks, gold has skyrocketed in value over the concerns fueled by the faltering global economy. Despite the fact that gold has always been a safe-haven, many investors are looking to bitcoin because they fear central banks will dilute the market or even confiscate the gold. Prior to Covid-19, central banks purchased …

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Fidelity Digital Assets Quotes Bitcoin Creator Satoshi Nakamoto in Latest Investment Thesis

News.Bitcoin.com Lead Writer Jamie Redman Named One of the Best Crypto Bloggers Lead Writer at News.Bitcoin.com, Jamie Redman has made Redeeem.com’s list of twelve influential go-to crypto bloggers. Redeeem says the list comprises names behind some of the most informative crypto news articles. In its citation, Redeeem says Jamie Redman, who is … read more. …

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Visa Moving to Integrate With Digital Currency Platforms

Visa says it is working to integrate digital currencies with its existing global network of 61 million merchants. The global payments technology giant is working with two licensed and regulated digital currency platforms, Coinbase and Fold. In a blog post, Visa says the emergence of fiat-backed digital currencies or stablecoins promises a new payment innovation …

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Bank of Japan Has New CBDC Research Team But No Plans to Launch

The Bank of Japan announced on July 20 that it had formed a new team to accelerate research into the feasibility of central bank digital currencies (CBDC). The team takes over from a previous group formed earlier this year, and will also continue research work undertaken with other central banks. BoJ said it does not …

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Covid-19 Stimulus: Banks Will Gain $18 Billion in Fees for Processing PPP Relief Loans

700,000 Expedia Hotels Can Now Be Paid With Cryptocurrencies via Travala More than 700,000 Expedia Group hotels and accommodations are now available via crypto-friendly travel booking platform Travala. Bookings can be paid with more than 30 cryptocurrencies, including bitcoin. Despite covid-19, Travala saw a 170% increase in booking revenue from its … read more. The …

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Sri Lanka’s Blockchain Bank KYC Platform to Enter Development ‘Shortly’: Central Bank

The Monetary Board of the Central Bank of Sri Lanka is close to starting development of a blockchain platform expected to speed up the processing of bank users’ ID information. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of …

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Korea’s Central Bank Forms Legal Panel to Advise on Possible Digital Currency Launch

South Korea’s central bank is moving ahead with research into digital currencies, as it sets up a legal panel to advise on possible regulatory sticking points. Per an article in The Korea Times Monday, the Bank of Korea (BOK) said the six-person panel, comprised of legal experts in the financial and IT sectors, as well …

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