Past rate cuts indicate potential crypto bull market catalyst 21Shares

The Federal Reserve is expected to begin lowering its benchmark interest rate in September.

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Binances return to India comes with $86M tax demand

While Indian AML agencies have given Binance the green light to resume operations, authorities are still seeking $86 million in tax liabilities from the firm.

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Bybit introduces Indian digital rupee CBDC payment option

The use of the CBDC on the cryptocurrency exchange will enhance security and, it hopes, attract merchants.

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Zimbabwe central bank ironing out wrinkles in new currency

The new currency, an outgrowth of the governments gold-backed token, is performing well economically but receiving mixed public reviews.

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Cryptocurrency Industry to Self-Regulate, by IAMAI Board

The IAMAI's Blockchain and Crypto Assets Council would establish a formal board of lawyers, technological experts, and fintech compliance experts to assure self-regulation. Read Full Coverage....

BuyUcoin Blog | By BuyUcoin

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Physical version of gold-backed token replaces Zimbabwe dollar

The country has struggled with an unstable currency for years, but now it will have one backed by reserves three times larger than its issuance.

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Australian ‘Big Four’ bank ANZ halts cash withdrawals from many branches

The move comes as Australians continue to reduce their usage of cash and bank branches, but has sparked fears that the death of cash is near.

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Crypto ‘regulatory approach isn’t needed now’ — New Zealand central bank

Reserve Bank of New Zealand however said that crypto and stablecoins should be more closely monitored.

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Zimbabwe’s De-Dollarization: Central Bank to Issue Gold-Backed Digital Currency in Early May

The Reserve Bank of Zimbabwe (RBZ) has said it will start issuing gold-backed digital tokens on May 8. The first phase of the launch will see the digital tokens being issued for “investment purposes with a vesting period of 180 days.” The RBZ also revealed that the gold-backed digital tokens “would be used both as [...]

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South African Rand Plunges to New Low After Benchmark Interest Rate Is Raised to 14-Year High

The South African fiat currency’s exchange rate versus the U.S. dollar plunged to a new all-time low of 19.7640 per dollar on May 25 just moments after the South African Reserve Bank raised the benchmark interest rate to its highest since 2009. Although the currency has since made some recovery, prediction models show that the

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Fed Bank President: Banking Crisis Tips US Economy Toward Recession

The president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, says the current banking crisis has pushed the U.S. economy closer to a recession. “We have fundamental issues, regulatory issues facing our banking system,” the Fed official stressed. Neel Kashkari on U.S. Economy, Banking Crisis, Recession Federal Reserve Bank of Minneapolis President Neel Kashkari [...]

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Indian Supreme Court raps Union government on crypto rules delay: Report

The Supreme Court bench asked the union government to file a report on whether the latter is capable of setting up a federal agency to investigate crypto-related crimes.

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Zimbabwe’s central bank to issue gold-backed digital currency: Report

The Reserve Bank of Zimbabwe is set to introduce a gold-backed digital currency to serve as a legal tender in the country. The move is a government initiative to stabilize the local currency from its depreciation against the United States dollar.  According to a report from local media Sunday Mail, the move will allow small [...]

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Economist David Rosenberg Warns of ‘Crash Landing’ and Recession, Citing Fed Data

Famed economist David Rosenberg has warned of a “crash landing” and an impending recession for the U.S. economy. Referring to the Philadelphia Fed’s manufacturing index chart, he stressed: “Take a good hard look at this chart and tell me we are heading into a ‘soft’ or ‘no’ landing. More like a ‘crash’ landing.” Economist Expects [...]

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NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout

On Sunday, the New York Department of Financial Services, or DFS, announced that it had taken possession of Signature Bank. The DFS appointed the Federal Deposit Insurance Corporation, or FDIC, as the receiver of the bank. In a joint statement, the U.S. Federal Reserve, Treasury Department, and FDIC explained that all Signature depositors would be [...]

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Australia and Mastercard to Mastermind CBDC Test Pilot

Learn about Australia's move towards developing digital currency with a series of CBDC pilot projects to explore its use cases.

Continue reading at DailyCoin.

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Australian central bank to launch 'live pilot' of CBDC in coming months

The use cases for the CBDC ranged from offline payments to "trusted Web3 commerce" and financial industry participants were invited to undertake a live pilot.

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India UPI expanding services to Singapore

The eight-bank digital rupee pilot programme has processed 770,000 transactions. (Read More)

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India in ‘no hurry’ for CBDC as digital rupee pilot onboards 50k users

The central bank of India wants to proceed with CBDC testing in the smoothest way possible, deputy governor Rabi Sankar said.

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Billionaire investor Ray Dalio has described fiat currency as being in serious jeopardy

Bitcoin is too unpredictable to be "effective money," according to legendary investor Ray Dalio. (Read More)

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