Central Banks

Paribus. Seeking a Safe Haven.

Source Node:
Time Stamp: April 5, 2023 5:55 AM - Modified On: April 5, 2023 - Published By:
Source Cluster:
Republished By Plato

In recent weeks, there have been systemic failures in the global financial system, particularly in the banking sector, causing people to question the legitimacy of information provided by regulators. Despite repeated assurances of robustness and security, people continued to withdraw their money from banks and invest in assets they could hold. Many of our community are familiar with the idea of “not your keys, not your crypto” after the failure of several protocols and investment funds. Just as these failures caused people to withdraw their crypto from exchanges and opt

US Treasury Official Keynotes the Future of Money, Governance, and the Law hosted by the Government Blockchain Association (GBA), May 24-25, Washington, DC.

Source Node:
Time Stamp: March 9, 2023 1:47 PM - Modified On: March 9, 2023 - Published By:
Source Cluster:
Republished By Plato

Washington, DC - The Government Blockchain Association (GBA) announces that D. R. Maurice, speaking in her personal capacity will be a keynote speaker at the "Future of Money, Governance, and the Law" conference on May 24-25, 2023, in the nation’s capital. The conference brings together government officials, industry leaders like Circle (CRCL) and Ciphertrace, a Mastercard company (MA), academia and many others. "D R Maurice is a leading expert in regulatory technology, sandboxes, and CBDC digitalization. She has an extensive track record with central bank governance around the world and joins

Organized Chaos

Source Node:
Time Stamp: November 5, 2022 11:01 AM - Modified On: November 5, 2022 - Published By:
Source Cluster:
Republished By Plato

This week saw another round of interest rates hikes by central banks to try and control inflation. With all the talk of a potential pivot in monetary policy, interest rates continued their parabolic rise by 75 basis points in the UK, and the US. Initially the Federal Reserve’s announcement of a 0.75% interest rate increase caused markets to jump because this was the rise they’d been expecting and had already priced in. However, in the subsequent press conference the tone was more hawkish which caused the markets to drop a

Money is Power

Source Node:
Time Stamp: September 10, 2022 4:32 AM - Modified On: September 10, 2022 - Published By:
Source Cluster:
Republished By Plato

The politician Benjamin Disraeli once said, “Money is power, and rare are the heads that can withstand the possession of great power.” Understanding that powerful nations have the ability to control world events through monetary policy helps to explain why regulators take such a strong interest in stablecoins. As we explained earlier this week the present strength of the US Dollar is due to the fact that over 80% of world trade has to be settled using dollars and there’s currently a shortage of dollars. This places the US in

Don’t Fight the Fed

Source Node:
Time Stamp: August 26, 2022 3:33 PM - Modified On: August 26, 2022 - Published By:
Source Cluster:
Republished By Plato

By the time most people read this Jerome Powell, chair of the Board of Governors of the US Federal Reserve System will have given his yearly speech at Jackson Hole, Wyoming. The speech details his financial outlook for the US and dictates whether crypto, along with most other markets, will pump or dump. Each year the Federal Reserve Bank of Kansas City holds a symposium at Jackson Hole in Grand Teton National Park that attracts central bankers, economists, and policymakers from around the world. The 2022 symposium will open on

RippleX exec says ODL is ‘killer value proposition to Ripple Net’

Source Node: https://ambcrypto.com/ripplex-exec-says-odl-is-killer-value-proposition-to-ripple-net/
Time Stamp: November 20, 2021 12:30 AM - Modified On: November 20, 2021 - Published By:
Source Cluster:
Republished By Plato

Despite the ongoing SEC vs Ripple Labs lawsuit and the market experiencing a dip, Ripple has been making waves in crypto news. During an episode of the Thinking Crypto podcast, RippleX General Manager Monica Long spoke to host Tony Edward about Ripple’s recent performance, multi-chain development, and the XRP Ledger technology. Water, water everywhere Calling ODL the “killer value proposition to Ripple Net,” Long explained, “So you know, ODL’s been in market for a few years now and Q3 was definitely, you know, the most outstanding…And the volume through ODL

ADALend’s Revolutionary GM for an Evolutionary Cardano Based DeFi

Source Node: https://news.bitcoin.com/adalends-revolutionary-gm-for-an-evolutionary-cardano-based-defi/
Time Stamp: October 6, 2021 1:00 AM - Modified On: October 6, 2021 - Published By:
Source Cluster:
Republished By Plato

sponsored DeFi continues to show the world that the future of finance will forever change from its old and traditional form, developed by solving problems individuals and institutions face with mainstream banks. ADALend continues the string of innovations in DeFi under the guidance of its GM. Javed Khattak, A qualified actuary (FIA), an award winning C-suite executive, and a successful serial entrepreneur who was awarded CFO of the year in 2018 by Wealth & Finance magazine, listed in the the top 20 individuals behind ICOs in 2017, a track record

U.S. Won’t Ban Crypto | This Week in Crypto – Oct 4, 2021

Source Node: https://99bitcoins.com/bitcoin-news-summary-oct-4-2021/
Time Stamp: October 4, 2021 1:00 AM - Modified On: October 4, 2021 - Published By:
Source Cluster:
Republished By Plato

 The US gives a green light to cryptos, TikTok launches its own NFTs, and can professional crypto traders be outmatched…by a hamster?! These stories and more this week in crypto. The Chairman of the US Federal Reserve, Jerome Powell said that the United States has no intentions of banning cryptocurrencies, including Bitcoin. He still asserted that some digital assets, stablecoins in particular, have to be regulated. This fresh, more optimistic US approach had an immediate positive effect on the entire market at the end of the week. TikTok has

IMF now the latest to warn against cryptos opening ‘unwanted doors’

Source Node: https://ambcrypto.com/imf-now-the-latest-to-warn-against-cryptos-opening-unwanted-doors/
Time Stamp: October 2, 2021 7:30 AM - Modified On: October 2, 2021 - Published By:
Source Cluster:
Republished By Plato

A handful of cryptocurrency exchanges have suddenly become billion-dollar companies. An explosion in Bitcoin’s popularity has supercharged previously small-time platforms into powerhouses generating millions of dollars in revenues. And, it’s not just Bitcoin either, with other altcoins recording immense surges as well. Source: IMF Crypto is “risky” and opens “unwanted doors” The same was the subject of a blog recently published by the IMF (International Monetary Fund). The report observed, “The total market value of all the crypto-assets surpassed $2 trillion as of September 2021—a 10-fold increase since early 2020.

Powers On… Don’t worry, Bitcoin’s adoption will not be stopped

Source Node: https://cointelegraph.com/magazine/2021/09/30/powers-on-bitcoins-adoption-will-not-be-stopped
Time Stamp: September 30, 2021 9:08 AM - Modified On: September 30, 2021 - Published By:
Source Cluster:
Republished By Plato

In a series of  recent interviews and speeches, United States Securities and Exchange Commission Chairman Gary Gensler has called the cryptocurrencies market the “Wild West” due to its unregulated and allegedly fraud-filled atmosphere, predicting that the coins were doomed to fail. Powers On… is a monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after a stint with the SEC. He is now an adjunct professor at Florida International University College of Law, where he teaches

Ripple Partners With Bhutan To Pilot CBDC Project

Source Node: https://bitcoinist.com/ripple-partners-with-bhutan-to-pilot-cbdc-project/?utm_source=rss&utm_medium=rss&utm_campaign=ripple-partners-with-bhutan-to-pilot-cbdc-project
Time Stamp: September 24, 2021 7:02 AM - Modified On: September 24, 2021 - Published By:
Source Cluster:
Republished By Plato

Ripple, in partnership with The Royal Monetary Authority of Bhutan, will start trials for a digital Ngultrum. The San Francisco-based company will integrate its distributed ledger technology into Bhutan’s existing payment system with the help of its CBDC Private Ledger product. Related Reading | Ripple and XRP: The Complete Guide The leading provider of enterprise blockchain and crypto solutions for cross-border payments announced this partnership on Wednesday. There was also a Twitter announcement to this effect. “Today, we are proud to announce our partnership with Bhutan’s central bank, the Royal Monetary