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At a press conference on Wednesday, the head of the Swedish Central Bank admitted that interest rates could potentially go as low as -1.5%, and quipped that Swedes likely wouldn’t even protest. Other countries implementing negative interest rate policies are producing lukewarm results that don’t address the root causes of currency devaluation. Nor do they … Read more
Venezuela is being crushed by staggering hyperinflation as a sharply divisive political crisis has the economy in ruins. Some are seeking refuge in alternatives to the national currency, like foreign fiat and crypto. The situation also calls into question the long-term trajectories of other, less volatile economies. National banks globally have been consistently struggling to … Read more
The IMF says central banks are interested in digital currencies, and several countries may join Uruguay in testing out CBDCs soon Go to Source Powered by WPeMatico
Swedish bitcoin-enabled mobile refill service Bitrefill has raised $2 million to expand its services and develop new products Go to Source Powered by WPeMatico
The energy used to mine bitcoin has long caused debate over whether it’s a wasteful process. As the arguments have rumbled on, some people have been focused on mining coins with renewable energy. On May 29, Christian Ander, the founder of Stockholm’s Btcx exchange, explained how instead of selling surplus solar energy, he’s been using … Read more
Germany’s second-top stock exchange Börse Stuttgart launched trading of XRP and LTC-based exchange-traded notes Go to Source Powered by WPeMatico
Central bank digital currencies (CBDCs) featured prominently when global financial leaders met for this year’s World Bank Group and International Monetary Fund (IMF) joint Spring Meetings in the United States. Faced with emerging disruptive technologies like Bitcoin, their discussions also focused on how money and payments are taking on new forms throughout the world. There … Read more
New exchange-traded products that track the value of XRP and Litecoin are now available for trading on the Boerse Stuttgart-owned Swedish exchange Nordic Growth Market Go to Source Powered by WPeMatico
Tradedoubler, a Sweden-based digital marketing company, launches blockchain-driven platform that directly connects publishers and advertisers Go to Source Powered by WPeMatico
Money laundering scandals involving some of the world’s largest banks have grown this week. Switzerland’s largest bank, UBS, has been fined 3.7 billion euros (~$4.2 billion) for money laundering. Amid a $226 billion scandal, Estonian authorities have ordered Denmark’s largest bank to terminate its operations in the country. Danske Bank is also shutting down in … Read more