Digital ruble will undercut bank profits but help businesses: Bank of Russia
Russia’s central bank wants the digital ruble to help businesses by cutting out financial middlemen. Go to Source Powered by WPeMatico
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OCC works to win back House Democrats, still miffed at leader’s focus on crypto
Acting Comptroller Brian Brooks continues his work to reach across the aisle with pledges from major players to support minority-owned banks. Go to Source Powered by WPeMatico
Canada could launch CBDC sooner than expected, central bank exec says
COVID-19 could force the Bank of Canada to launch a CBDC sooner than previously expected. Go to Source Powered by WPeMatico
Bitcoin is the ‘ultimate anti-lockdown investment,’ says Nigel Farage
The Financial Times scorns Nigel Farage for his apparently predictable embrace of libertarian cryptocurrency influencers. Go to Source Powered by WPeMatico
Russian central bank opposes ruble-pegged stablecoins
Russia wants to follow China’s approach of banning private stablecoins pegged to its national fiat currency. Go to Source Powered by WPeMatico
Russia’s Alfa-Bank offers blockchain platform for freelancers
Tutors, taxi drivers and repairmen will be able to take advantage of Alfa-Bank’s blockchain-based services. Go to Source Powered by WPeMatico
Russia’s Sberbank plans release of its own crypto token, the “Sbercoin”
With new legislation on digital assets coming into effect in a month, Russian financial institutions are looking to act. Go to Source Powered by WPeMatico
Yield farming is a fad, but DeFi promises to change the way we interact with money
The sector has a long way to go in terms of accessibility if DeFi really wants to challenge traditional financial institutions. Go to Source Powered by WPeMatico
Big banks think new furniture is innovation, but they are wrong
True innovations are a serious problem for traditional financial institutions, but fintech and crypto startups have the solution. Go to Source Powered by WPeMatico
XRP Price Climbed 123% in 30 Days, Spark Token Airdrop Pushes Value Higher
During the course of the week digital currency markets have seen colossal gains and one crypto asset, in particular, XRP, has jumped significantly in value over the last seven days. The distributed ledger token XRP climbed 25% upwards on Tuesday alone, and seven-day price stats show the coin has gained 123% as well. At the … Read more