JPMorgan Chase sees the possibility of the Federal Reserve making another significant rate cut in November, possibly by 50 basis points. The bank, which predicted this week’s half-point cut, believes further reductions are likely if the job market we
Regulating and speeding up payments without a CBDC are more important to the Canadian central bank.
BoJ's rate hold amid inflation concerns highlights cautious economic strategy, contrasting with US Fed's aggressive rate cuts boosting markets. The post Bank of Japan keeps rates unchanged after core inflation firm to 2.8% appeared first on Crypto Br
In a major macro development, the Bank of Japan (BOJ) has decided to keep interest rates unchanged at 0.25%. The development sent the Nikkei index soaring by 2.10% and 700 points today itself. As the fears of the further unwinding of the Yen carry tr
Australia's central bank focuses on wholesale CBDC for financial institutions. RBA sees limited benefits in individual CBDC for the general public. Continue Reading:Australia’s Central Bank Prioritizes Wholesale Digital Currency to Secure Financial S
The partnership will bring cryptocurrency trading and custody solutions to around 700 cooperative banks, with an initial rollout planned for late 2024.
Coinspeaker Bank of Canada Drops Central Bank Digital Currency (CBDC) Plans A Bank of Canada spokesperson stated that the bank has undertaken “significant research on the implications of a retail central bank digital currency". Bank of Canada Drops C
The Bank of Canada has reportedly shifted its focus away from the idea of introducing a digital Canadian dollar. The Bank of Canada seems to be shifting its focus away from developing a government-backed digital currency, seven years after it…
DBS Bank, Singapore’s largest bank, has announced plans to launch over-the-counter (OTC) crypto options trading and structured notes for institutional clients in Q4 2024. This new offering will allow institutional investors to gain exposure to bitcoi
By being the first Asian bank providing over-the-counter (OTC) crypto options and structured notes, Singapore’s DBS Bank is creating waves in the financial industry. Originally scheduled for Q4 2024, these products will mostly target institutional in
The U.S. Federal Reserve is widely expected to cut rates by 0.25%, signaling a potential easing of monetary policy. Central banks in England and Japan ...
Artificial intelligence is fueling billions of dollars in losses to scams as criminals clone people’s voices to compromise credit cards and bank accounts. The classic scam where victims receive a call from a loved one asking for money is far easier w
An Indian High Court has ruled that police cannot freeze entire bank accounts during fraud investigations. Only fraud-related amounts in bank accounts can be frozen. The decision followed a case where an account was frozen due to a cryptocurrency inv
A Nigerian anti-corruption agency froze bank accounts (over $330,000) belonging to suspected cryptocurrency users on global platforms like Kucoin and Bybit. The agency believes these users manipulated the Nigerian currency (naira) through their tradi
China’s digital yuan initiative has advanced considerably, backed by over a decade of research and four years of pilot experimentation, according to Lu Lei, Deputy Governor of the People’s Bank of China (PBOC). Trials for the Chinese central bank dig
The Central Bank of Brazil disclosed a new set of use cases that will be part of the second phase of the ongoing pilot of its drex CBDC. Among the 13 instances selected from the 46 presented are platforms for tokenizing real estate, liquidity pools f
UTB faces a 90-day deadline to overhaul its AML and risk management programs, following an investigation into its crypto clientele practices.
Crypto trading is quite difficult for newbies or investors to get into it without any third-party dealer. Making sense of charts and tracking the waves of market fluctuations to make timely decisions is too time-consuming and exhausting. However, in
Zambia’s latest move to restrict foreign currency use in domestic transactions is aimed at stabilizing its currency, the kwacha, according to central bank Governor Denny Kalyalya. The Bank of Zambia announced this initiative in June and is still cons
A US regulator says a former JPMorgan Chase employee has admitted to stealing thousands of dollars from customers’ accounts and from the bank’s ATMs. The Office of the Comptroller of the Currency (OCC) says Roberto Garcia, a former Chase personal ban