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” Bank of Israel claims ‘public support’ for its CBDC project “ Despite the fact that it still hasn’t made a final decision on the launch of the “digital shekel,” Israel’s central bank reported that the public feedback on the project is mainly positive. According to Reuters, on Monday, The Bank of Israel summarized the…
” Nigeria upgrades CBDC as crypto restrictions cripple fintech industry “ The Central Bank of Nigeria (CBN) is moving ahead with plans to upgrade the country’s central bank digital currency (CBDC) to be used on a wider range of goods and services. It is also maintaining harsh crypto restrictions that cripple the country’s fintech sector….
” Quelle surprise: Central African banks scold the CAR for Bitcoin adoption “ The governor of the Bank of Central African States (Banque des États de l’Afrique Centrale, BEAC) has issued a scathing letter to the Central African Republic (CAR) regarding the country’s adoption of cryptocurrencies. In a letter addressed to the CAR Finance Minister…
” 90% of surveyed central banks are exploring CBDCs — BIS “ A survey conducted by the Bank for International Settlements, or BIS, suggested that many central banks around the world are looking into rolling out a central bank digital currency, or CBDC. In a paper released on Friday, the BIS Monetary and Economic Department…
” Argentina’s central bank steps in to block new crypto offerings from banks “ The central bank of Argentina (BCRA) has put the kibosh on financial institutions offering crypto trading only days after two of the country’s largest banks signaled they were opening up to digital assets. On May 5 the BCRA said the move…
” El Salvador’s central bank accepts Qredo’s registration to provide crypto services “ Decentralized finance firm Qredo has received approval for registration as a Bitcoin (BTC) service provider in El Salvador. In a Wednesday announcement, Qredo said the Central Reserve Bank of El Salvador accepted the crypto firm’s registration as a recognized Bitcoin service provider…
” DOT rallies 12% in a day as Polkadot gears up to solve a major blockchain hacking problem “ Polkadot (DOT) price ticked higher in the past 24 hours on anticipations that its new cross-chain communications protocol would solve a long-standing problem in the blockchain sector. DOT price gains 12% on XCM launch Bulls pushed DOT’s…
” Fed hikes interest rates by 50 basis points in effort to combat inflation “ The United States Federal Open Market Committee (FOMC) concluded two days of meetings Wednesday with a widely anticipated announcement of an interest rate hike of 50 base points, or 0.5%. It is the second of an expected seven rate adjustments…
” Crypto Bahamas: Regulations enter critical stage as gov’t shows interest “ The crypto community and Wall Street converged last week in Nassau, Bahamas, to discuss the future of digital assets during SALT’s Crypto Bahamas conference. The SkyBridge Alternatives Conference (SALT) was also co-hosted this year by FTX, Sam Bankman-Fried’s cryptocurrency exchange. Anthony Scaramucci, founder…
” Fed ‘will determine the fate of the market’ — 5 things to know in Bitcoin this week “ Bitcoin (BTC) starts a new week with much to make up for after its worst April performance ever. The monthly close placed BTC/USD firmly within its established 2022 trading range, and fears are already that $30,000…