Reserve Bank of India(RBI) Governor Mr.Das says Crypto must be banned and compares it to gambling

RBI (Central Bank) has been playing the ban game for a while and ruling against its citizens to have control over the Indian currency. They have gone to the extent of not allowing fiat to crypto transfer and even taxing…

Silvergate – Cryptocurrency-focused Bank is in a Pickle

Shares of Silvergate Capital, a crypto-focused bank, fell by 46% to $11.76 on Thursday after the company announced plans to lay off 40% of its staff, or approximately 200 employees. Silvergate has also halted its plans to launch a digital…

BIS Permits Banks to Hold 2% of Their Reserves In Cryptocurrency.

A policy allowing banks to hold 2% of their reserves in cryptocurrencies was recently introduced by the BIS in its Prudential Treatment of Cryptoasset Exposure report for December 2022. Banks to Hold 1% Maximum The policy, which covers a number…

Sam Bankman, FTX spread rumor that Binance is a Chinese company for his benefit – CZ

Recently CZ was interviewed by Susan from Fox Business and he was asked about his ties with China and the Chinese government. CZ confirmed that “I am a Canadian citizen for 33 years and I have no ties with the…

BlockFi Denies Rumors that FTX has Big Chunk of Its Assets.

The recent FTX collapse has shaken investors’ confidence in the cryptocurrency space and the fear is not surprisingly spreading to other companies.  BlockFi, a crypto trading and lending company, is now being hounded by reports that FTX and Alameda have…

Central Banks are keen on issuing a Blockchain-based National Digital Currencies (CBDC)

It’s 2022, and it’s no longer a secret that central banks across the globe have taken into account the rise of cryptocurrencies and blockchain technology. A number of banks are keen to experiment with distributed ledger technology (DLT) in the…

21,000 ATM’s in Brazil will have the ability to send USDT for Reals

Tether Operations Limited, the issuer of USDT – the largest stablecoin by market cap, announced that its main product is going to be available in over 24,000 ATMs in Brazil starting November 3. This is made possible by SmartPay, a…

Japan Credit Bureau to Test CBDC for Payment Settlement

Japan Credit Bureau (JCB) has introduced its digital currency before Japan issues a CBDC.  CBDC Tested Using Current Payments Infrastructure According to JCB’s projection, the adoption of CBDCs may be constrained in the future if older people and small children…

Banks are afraid of crypto overtaking money and asset transfer business – Mr. Wonderful

Kevin O’Leary, a Canadian businessman, entrepreneur, and TV personality, gave his insights on the cryptocurrency industry in a Converge 2022 interview. O’Leary, popularly known as Mr. Wonderful, uploaded his interview to his YouTube channel. He enumerated several insights to the…

MasterCard to bring Crypto Trading to Banks by partnering with Paxos

Top payment-processing corporation MasterCard has announced that it will bring crypto trading capabilities to banks through its new Crypto Source™ program. According to the MasterCard announcement,  the company is expanding its partnership with Paxos, the New York-based Fintech and blockchain…

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