Bank
The European Central Bank (ECB) said it set up an innovation hub with 70 participants to test its digital euro project. The participants included start-ups, banks and payment services including küresel professional services company Accenture, Swiss …
Tether CEO Paolo Ardoino is sounding the alarm on Europe’s financial system, warning that a wave of bank failures could hit the continent in the near future due to the intersection of risky lending and new cryptocurrency rules. Ardoino, during an …
Küresel bank Citi has predicted 2025 could be a possible inflection point for blockchain adoption driven by stablecoins, akin to the breakout year artificial intelligence (AI) had with popular application ChatGPT. “2025 has the potential to be …
Dutch bank ING is working on a stablecoin, looking to take advantage of Europe’s new cryptocurrency regulations that came into force last year, according to two people with knowledge of the plans. ING’s stablecoin project could take the form of a …
The Guiding and Establishing National Innovation for U.S. Stablecoins (Genius) Act is expected to be passed in the U.S. in the coming months, and that could trigger an almost 10-fold jump in stablecoin supply, investment bank Standard Chartered said …
XRP could rise to $12.50 before President Trump leaves office, investment bank Standard Chartered (STAN) said in a report on Tuesday initiating coverage of the Ripple-related token. Standard Chartered predicts that XRP will reach $5.50 by the end of …
Bank of England (BoE) governor Andrew Bailey has been nominated to be the next chair of the G20’s financial overseer, the Financial Stability Board (FSB). The FSB’s Nomination Committee agreed to recommend that Bailey take on the role for a three …
South Korea’s 7-Eleven stores are now accepting the Bank of Korea’s central bank digital currency (CBDC) as part of a limited-time test that runs through June. The company is participating in the “Hangang Project” pilot of the CBDC. Customers with …
The central bank stressed that no decision has been made whether to issue a CBDC, therefore the design presented should only be considered a preliminary one
Turkey’s economic woes have buoyed crypto adoption in recent years as users have turned to cryptocurrency as a lifeline against double-digit inflation