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Turkey Turns to Bitcoin as Turkish Lira Collapses
Turkey Turns to Bitcoin as Turkish Lira Collapses
News  •  Economy  •  Mar 23, 2021 by Dariusz Z

Turkey residents flee to Bitcoin as a change in the leadership of the local central bank spurs fears of inflation. Al Jazeera reported on March 20 that Turkey's President Recep Tayyip Erdogan issued a decree firing the central bank governor Naci Agbal. Agbal had held this position for

Jerome Powell: Bitcoin "a Substitute for Gold," Not the Dollar
Jerome Powell: Bitcoin "a Substitute for Gold," Not the Dollar
News  •  Economy  •  Mar 21, 2021 by Thomas M

The public needs to understand the risks associated with Bitcoin, according to Federal Reserve Chair Jerome Powell. During a webinar hosted by the Bank of International Settlements (BIS) on Monday, Powell said the Fed prefers to refer to cryptocurrencies as "crypto assets" rather than currencies, as their volatility

Kazakhstan Plans Central Bank Digital Currency Pilot
Kazakhstan Plans Central Bank Digital Currency Pilot

Kazakhstan's central bank is considering the issuance of a central bank digital currency (CBDC). A report published by the National Bank of Kazakhstan on Wednesday outlines plans to launch a pilot project for a digital tenge. The pilot would see a two-tier structure, with the National Bank as

News  •  Economy  •  May 05, 2021
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Kazakhstan Plans Central Bank Digital Currency Pilot
Kazakhstan Plans Central Bank Digital Currency Pilot

Kazakhstan's central bank is considering the issuance of a central bank digital currency (CBDC). A report published by the National Bank of Kazakhstan on Wednesday outlines plans to launch a pilot project for a digital tenge. The pilot would see a two-tier structure, with the National Bank as

News  •  Economy  •  May 05, 2021
Turkey Turns to Bitcoin as Turkish Lira Collapses
Turkey Turns to Bitcoin as Turkish Lira Collapses

Turkey residents flee to Bitcoin as a change in the leadership of the local central bank spurs fears of inflation. Al Jazeera reported on March 20 that Turkey's President Recep Tayyip Erdogan issued a decree firing the central bank governor Naci Agbal. Agbal had held this position for

News  •  Economy  •  Mar 23, 2021
Jerome Powell: Bitcoin "a Substitute for Gold," Not the Dollar
Jerome Powell: Bitcoin "a Substitute for Gold," Not the Dollar

The public needs to understand the risks associated with Bitcoin, according to Federal Reserve Chair Jerome Powell. During a webinar hosted by the Bank of International Settlements (BIS) on Monday, Powell said the Fed prefers to refer to cryptocurrencies as "crypto assets" rather than currencies, as their volatility

News  •  Economy  •  Mar 21, 2021
Russia's Central Bank to Test Digital Ruble in 2022
Russia's Central Bank to Test Digital Ruble in 2022

An official from the Central Bank of the Russian Federation announced that the institution plans to develop a prototype of a digital ruble and test it by the end of 2022. Russian news outlet Prime reported on March 10 that Deputy Chairman of the Central Bank Alexei Zabotkin announced at

Feature  •  Technology  •  Mar 10, 2021
German Bank Donner & Reuschel to Launch Bitcoin Services
German Bank Donner & Reuschel to Launch Bitcoin Services

Donner & Reuschel, a private bank in Germany founded in 1798, is planning to launch crypto asset services. Finance Magnates reported on March 9 that Donner & Reuschel announced plans to launch a suite of crypto asset services, including bitcoin trading, digital asset custody, and asset tokenization. The bank reportedly

News  •  Business  •  Mar 08, 2021
Three Weeks After Launch, Canadian Bitcoin ETF Now Holds Nearly 11,300 BTC
Three Weeks After Launch, Canadian Bitcoin ETF Now Holds Nearly 11,300 BTC

North America's first Bitcoin ETF launched in Canada last month, and already holds nearly 11,300 BTC. Canadian asset manager Purpose Invest reports that, as of March 4, its Bitcoin ETF has $722 million CAD in assets under management, equivalent to about $571 million USD. The Ontario Securities

News  •  Markets  •  Mar 03, 2021
Iran Considers the Use of Bitcoin Mining to Avoid Sanctions
Iran Considers the Use of Bitcoin Mining to Avoid Sanctions

Iran should engage in large-scale Bitcoin mining and could use digital assets to circumvent international sanctions, according to the research arm of the Iranian President's office. Local news outlet IranWire reported on March 2nd that the Iranian Presidential Center for Strategic Studies has published a research report suggesting

News  •  Bitcoin  •  Mar 02, 2021
Bank of Canada: Bitcoin Is "Deeply Flawed" As Payment Method - "Except for Illicit Transactions"
Bank of Canada: Bitcoin Is "Deeply Flawed" As Payment Method - "Except for Illicit Transactions"

While a "digital loonie" is potentially on the horizon for Canada's central bank, Bitcoin very much is not, according to Bank of Canada's Deputy Governor Timothy Lane. In a speech delivered on February 10th, Lane addressed the concept of a central bank digital currency

News  •  Economy  •  Feb 10, 2021
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