The battle for cryptocurrency acceptance appears to be entering a new phase, as German digital banking organization N26 announced this week the new feature for users – they can now exchange Bitcoin on their bank accounts. N26 administration is really excited about spreading out the capacity of its service infrastructure to more than 200 cryptocurrencies. … Read more
While the UK keeps on studying and learning how to interact better with cryptoworld and cryptocurrencies, a big part of the UK banks allow their clients to use digital tokens in the banks. Factually, these banks are being the connection between the customers and crypto exchange platforms (Binance, Coinbase, etc.). According to the completed survey, … Read more
Recently, the IMF and other global financial organizations have been talking with enthusiasm about CBDC or Central Bank Digital Currencies that could be used in conjunction with fiat money to provide more flexibility to national monetary systems. Some countries are more interested in this prospect than others. One of the most innovative countries in this … Read more
Cryptocurrencies have enjoyed a lot of use cases and attention not only from institutional investors but everyday monetary users as well. A new landscape has emerged within the crypto world that is being referred to as crypto banking; one thing that needs to be made clear here is the fact that banking, in general, has … Read more
On Tuesday, officials of the US Federal Reserve reiterated their support for additional interest rate hikes for curbing inflation. The President of the New York Fed said that the central bank would have to push up its policy rate to 3.5% and keep it there till the end of next year. Rate hike path John … Read more
On Friday, the first deputy managing director of the International Monetary Fund (IMF), Gita Gopinath told global policymakers that the tradeoffs they are facing are going to get worse in the coming years. Central banks’ approach Global central bankers are currently faced with tradeoffs between growth, inflation, and jobs. According to Gopinath, there is a … Read more
One of the board members of the Bank of Japan said that it should continue with its dovish policy guidance and maintain the huge monetary stimulus until there are clearer indications of a rise in wages. This reinforced the status of the central bank of Japan as the outlier in a wave of monetary tightening … Read more
Results of a poll indicate that the recent recovery in European stocks is set to stall and not go past the levels seen at the end of last year for more than a year at least. This is mostly because of fears of a gas supply crisis in the continent, soaring inflation, and a slowdown … Read more
On Monday, the former top economist for the Bank of Japan, Seisaku Kameda said that it was likely that the Japanese central bank would slash its economic forecasts in October at its next quarterly review. This was because global demand was slowing down and COVID-19 infections had also resurged, which would hurt both consumption and … Read more
According to the latest poll of economists, the US Federal Reserve will increase its interest rates by 50 basis points in September amid growing worries of recession and expectations that inflation has hit its peak. Inflation’s impact Even though it is still close to a high of four decades, inflation did ease a bit in … Read more