Tag: digital currency

Capital and Risk, Trading

Genesis to shutter US crypto spot trading desk

September 6, 2023

Via: Banking Dive

Genesis Global Trading will shutter its U.S.-focused crypto spot trading platform Sept. 18, the company told clients via email Tuesday. “The decision was made voluntarily and for business reasons,” the email said, according to CoinDesk, a publication owned by GGT’s […]

Capital and Risk, Channels, Operational

Why central banks need to engage the private sector on CBDCs

July 11, 2022

Via: FinTech Futures

As more governments consider launching a central bank digital currency (CBDC), they face many important questions: Why create a digital dollar, euro, or rupee? What technology best fits that purpose? How might a CBDC affect competition in the market? Policymakers […]


Federal Reserve explores benefits and risks of potential US Central Bank Digital Currency while the Biden Administration issues Executive Order for US policy on digital assets

May 9, 2022

Via: JD Supra

In January of this year, the Board of Governors of the Federal Reserve System issued a research and analysis paper titled Money and Payments: The US Dollar in the Age of Digital Transformation, in which the Fed explores potential benefits […]


CBDCs are the future of money, but bank apps are stuck in the past

February 23, 2022

Via: American Banker

National digital currencies are gaining momentum. In November 2021, the nine largest banks in Japan announced that they will issue a digital yen this year. Nine countries have already issued central bank digital currencies and 14, including China, have pilots […]


US mulls CBDC options in international race to advance payment systems

April 20, 2021

Via: Payments Dive

As nations across the globe launch studies into the potential benefits and mechanics of central bank digital currencies (CBDCs), many questions remain regarding the coins’ policy implications, said Bank Policy Institute (BPI) CEO Greg Baer. “A central bank digital currency […]

Capital and Risk, Liquidity

Bitcoin soars to record $34,000, but dips $5,000 in 24 hours

January 4, 2021

Via: FinTech Futures

At 10:00AM today, Bitcoin still sat above $30,000, having seen its value drop $4,000 in less than 24 hours. Its value continued to decline to around $29,000 this morning, before bouncing back above $30,000 by 11:00AM. The sharp dip from […]

Channels, Retail Banking

One in five people could have access to central bank digital currencies within three years

January 24, 2020

Via: Finextra

Following up on a survey from last year, BIS quizzed 66 central banks, covering 75% of the world’s population and 90% of its economic output, about their intentions regarding CBDCs. Some 80% of respondents (up from 70% a year ago) […]

Capital and Risk, Liquidity

Beijing’s digital currency drives Chinese fintech stocks skyward

September 27, 2019

Via: Banking Technology

Reuters reports that, despite there being no official timetable for the roll-out of the new currency – which will have some similarities to Facebook’s Libra coin – the CSI fintech theme index has gained more than 50% so far this […]


China’s central bank says it’s close to releasing its own digital currency

August 12, 2019


China’s central bank is nearly ready to issue its own sovereign digital currency, according to a senior official. Mu Changchun, deputy director of the People’s Bank of China’s payments department, said the institution’s virtual currency was “almost ready” for release, […]

Activity, Trading

Bitcoin holds near three-week high above $3,600

February 11, 2019

Via: Market Watch

Bitcoin prices were trading marginally lower on Monday but had barely moved off last week’s level, which took the best-known digital currency to its highest level in three weeks. In early trading, one bitcoin BTCUSD, +0.06% was fetching $3,629.70, down […]

Activity, Trading

Bitcoin prices steady but a test of $3,100 is on the cards, says analyst

January 23, 2019

Via: Market Watch

Cryptocurrency prices are trading mostly unchanged on Wednesday, led by the No.1 digital currency, which is oscillating on either side of $3,600. On Wednesday, a single bitcoin BTCUSD, +0.04% fetched $3,591.47, down 0.1% since Tuesday’s level at 5 p.m. Eastern […]

Activity, Trading

Bitcoin trades to 3 1/2-week high above $6,500

November 7, 2018

Via: Market Watch

Bitcoin prices moved higher Wednesday, trading above $6,500 for the first time since mid-October. A single bitcoin BTCUSD, +1.13% was last changing hands at $6,523.57, up 1.3% since Tuesday at 5 p.m. Eastern Time on the Kraken exchange. The move […]

Activity, Trading

Bitcoin set for back-to-back losing weeks

November 2, 2018

Via: Market Watch

Bitcoin prices are trading mostly unchanged Friday, but on track to log back-to-back weekly losses, and the fifth over the past six weeks. In early Friday trading, the price of one bitcoin BTCUSD, +0.35% was last changing hands at $6,359.11, […]

Activity, Trading

Bitcoin steadfast amidst equity carnage

October 25, 2018

Via: Market Watch

For the 10th consecutive session bitcoin prices are trading largely unchanged as volatility in the world’s largest digital currency continues to fall. In Thursday trading a single bitcoin BTCUSD, -0.35% was going for $6,429.78, down 0.5% since Wednesday at 5 […]

Activity, Trading

Did the introduction of futures sink the Ether cryptocurrency?

August 17, 2018

Via: Market Watch

Digital currencies are on track to finish the week on a positive note with all major coins trading in the green early Friday. Ether ETHUSD, +4.13% which runs on the ethereum network, has borne the brunt of the August cryptocurrency […]

Activity, Trading

Bitcoin tumbles 9% after Japan watchdog orders exchanges to beef up practices against money laundering

June 22, 2018


Bitcoin prices fell roughly 9 percent Friday after Japan’s financial regulator ordered several cryptocurrency exchanges to improve their practices against money laundering. The digital currency was trading at $6,150, according to CoinDesk, breaking below $6,400 for the first time in […]

Capital and Risk, Liquidity

Digital currency “inevitable”—Bank of China

March 23, 2018

Via: Finextra

The introduction of digital currency is “inevitable”, according to the outgoing governor of the People’s Bank of China, who nevertheless stresses that any progress on the issue will be carried out in a “steady and orderly fashion”. Last September China […]

Capital and Risk, Liquidity

Bitcoin has ‘pretty much failed’ as a currency, Bank of England Governor Carney says

February 20, 2018


Bank of England Governor Mark Carney raised concern over extreme volatility in the world’s best known digital currency. “It has pretty much failed thus far on … the traditional aspects of money. It is not a store of value because […]

Activity, Trading

Cryptocurrencies: Is Your Compliance Team Ready to Monitor the New Wave of Trading?

January 26, 2018

Via: Finextra

So what is Bitcoin anyway? For those unfamiliar with Bitcoin, here’s a brief primer. Created in 2009 by an unidentified software developer and inventor who goes by the pseudonym of Satoshi Nakamoto, Bitcoin is a form of digital currency that’s […]

Capital and Risk, Operational, Retail Banking

Coinbase promises real-time settlement on virtual currency purschases from US bank accounts

October 13, 2017

Via: Finextra

We are excited to announce the ability for customers to instantly purchase digital currency using a US bank account. Previously, customers who purchased using a bank account had to wait several days before receiving their digital currency. Customers can now […]