G7 leaders issue central bank digital currency guidelines
Financial leaders from the G7 agree that CBDCs would complement cash and should not be detrimental to the monetary system.
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Swiss Bank Seba Now Lets Customers Earn Yield on Crypto Holdings
A FINMA-licensed Swiss bank, Seba, has launched a program enabling clients to earn yield on their crypto holdings. In addition, the bank will “provide support for centralized lending and borrowing…
Blockchain Intelligence Company Elliptic Raises $60 Million — Evolution Equity Partners, Softbank Bolster Series C
On Monday, the blockchain intelligence firm Elliptic announced the company has raised $60 million in a Series C financing round. Elliptic plans to leverage the capital to expand the team…
Poland’s Central Bank Says It Will Add 100 Tons of Gold to Existing Holdings in 2022
The Polish central bank, the National Bank of Poland (NBP), is reportedly planning to raise its gold reserves by 100 tons in 2022. According to bank governor Adam Glapinski, the…
Georgia to Pilot Digital Currency in Retail Commerce Next Year
The central bank of Georgia is advancing its digital currency project. The monetary authority is preparing to launch the CBDC as early as next year and plans to use the…
IMF Head Says Central Bank Digital Currencies Are Reliable, Hard to Think of Bitcoin as Money
Digital currencies backed by central banks are the most reliable form of digital money, according to IMF managing director Kristalina Georgieva. At the same time, to think of cryptocurrencies such…
Grayscale Adds Solana and Uniswap to Crypto Investment Fund
Grayscale Investments has added solana and uniswap to its large-cap investment fund. This is the first time solana has been added to a Grayscale fund. The company now offers 15…
DeFi platform Vee Finance exploited for $35M on Avalanche blockchain
Vee Finance says it suffered a $35 million attack just a few days after launching the mainnet on Avalanche last week.
State Bank of India Blocks Payments to Cryptocurrency Exchanges on UPI Platform
State Bank of India (SBI) has reportedly blocked payments to cryptocurrency exchanges using its Unified Payments Interface (UPI). Payment processors have been told to disable the bank’s UPI for crypto…
Global Investment Bank Morgan Stanley Launches Dedicated Cryptocurrency Research Team
Global investment bank Morgan Stanley is establishing a new cryptocurrency research team. “The launch of dedicated crypto research is in recognition of the growing significance of cryptocurrencies and other digital…