One of the lead investors of Ripple in 2013 himself declared at the start of the year that he never believed Ripple would be seen as a coin. Kevin Rose believes that Ripple is limited as a currency, but it excels as a transfer. In an interview with tech crunch regarding how he felt about […]
US SEC charges Wells Fargo CEO for misdirecting its customers. The CEO of Fargo, an American banking giant, John Stumpf, was criminalized by the US Securities and Exchange Commission. Mr. Stumpf had to cough up almost three million dollars to appease the regulator while a former lead exec, Carrie Tolstedt, will be involved in a […]
Bank of England (BoE) prints $196 million to sustain the UK’s failing economy amid a new lockdown. The announcement by the BoE came yesterday. The push of money into the economy was more significant than most people predicted. Bank of England prints more money for UK Economy to survive Bank of England (BoE) prints $196 […]
In this guide, we will discuss the ins and out of decentralized finance and answer some of the most often asked questions often not explained in the news. To begin, we will start with the most primarily asked and most important question: What is DeFi DeFi or decentralized finance is an umbrella term that applies […]
The European Central Bank is preparing the experimentation of the Digital Euro. The bank will launch a public consultation on the digital currency later this month Many Europeans are going digital, and the European authorities want to carry the economy along The European Central Bank (ECB) has informed in a press release on Friday that […]
Ripple CEO, Brad Garlinghouse is convinced interoperability is the main reason why the creation of a Central Bank Digital Currency (CBDC) would not threaten Ripple’s cross border payment system. In his statement, the Ripple CEO said the presence of interoperability puts Ripple’s cross-border payment system far ahead of the digital currency. Countries around the world […]
The Bank for International Settlements (BIS) has today announced that they are hiring DLT/blockchain experts. The BIS is one of the most important international financial institutions which is often called “the bank for the central banks”. Prospective candidates can look forward to working at one of the two BIS’ Innovation Hub locations which are Switzerland, […]
In a move that will see the emergence of digital banks across the country, the Philippines Central Bank is planning to lay down a framework that will support digital banking. According to the words of the Deputy Governor of Bangko Central ng Pilipinas, Chichi Fonacier, the bank is set to release a memo where the […]
President of the European Central Bank (ECB) has said that Europe is currently pushing for the creation of a retail CBDC after confirming that they have been behind in the talks about digital payments creation. The ECB is set to look into the prospect of creating a retail CBDC (Central Bank Digital Currency) after it […]
Governor of the Bank of England has charged the G20 countries to work together and come up with stablecoins regulation that would check its activities in the market Giving his speech at an event that was held in Brookings Institution, Andrew Bailey said the G20 countries need to work together to achieve the common aim […]