Littio Banks Chooses Avalanche Over Ethereum

Title: Avalanche Replaces Ethereum as LatAM Bank Littio’s Choice for Growing RWA Vault Needs Littio, a neobank in Latin America, is making it easier for users in the region to…

State Street Bank executive: working on tokenized bonds and money market funds, no plans for stablecoin project yet

BlockBeats news, on October 9, according to CoinDesk, State Street Chief Product Officer Donna Milrod said in an interview with Financial News that the bank is working on tokenizing bonds…

People’s Bank of China: The news spread online that “the central bank’s digital RMB platform will issue digital asset dividends” is untrue, and the public is wary of false information

BlockBeats news, on October 9, according to Tencent News’ “First Line” report, in response to the news that “the central bank’s digital renminbi platform will issue digital asset dividends” reported…

Naira Float Decision Defended by Nigeria’s Central Bank Governor

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has defended the decision to float the naira, despite facing public criticism. He explained that the disparity between official…

Central Bank of Mexico Launching Digital Currency Soon.

The Mexican government recently announced that the central bank of Mexico plans to launch its own digital currency by 2024. In a social media post, the Mexican government stated that…

Kasikornbank to launch Thailand’s first digital asset custody service.

Hey there! Exciting news from BlockBeats – it looks like Kasikornbank (KBank), Thailand’s second largest bank, is making moves in the digital asset world. They are set to launch orbitx…

Federal Reserve May Only Cut Interest Rates by 25 BP as JPMorgan & Bank of America Adjust Forecasts

Top American banks JPMorgan Chase and Bank of America now expect a 25-point cut in interest rates when the Fed meets in November, according to latest reports. This change in…

BBVA to Launch Visa-Supported Stablecoin in 2025

Discover the latest news on Spain's BBVA bank planning to launch a Visa-supported stablecoin in 2025. Stay informed on blockchain developments with BlockBeats news.

Gold as Geopolitical Hedge, BTC for Bank Failures and De-Dollarization

The Global Head of Digital Asset Research at Standard Chartered Bank, Geoff Kendrick, recently discussed Bitcoin as a hedge against geopolitical risks, bank failures, de-dollarization, and U.S. Treasury debt issues.…

Nubank Lowers Cryptocurrency Transaction Fees for Users

October 4, 2024 – Brazilian digital bank Nubank has announced a reduction in its cryptocurrency transaction fees, decreasing the cost from 0.8% to 0.6% per transaction. This move aims to…

Bank of America Strategist: Non-Farm Payrolls Data Could Signal Rebound for Risk Assets

October 4, 2024 – Michael Hartnett, a strategist at Bank of America, has indicated that the upcoming U.S. non-farm payrolls report, set to be released on Friday, could play a…

Brazil Integrates DeFi in Central Bank Digital Currency Pilot Testing

October 4, 2024 – Brazil is taking significant steps towards the future of digital finance by testing decentralized finance (DeFi) components in its central bank digital currency (CBDC) pilot. According…

Bitcoin Price Correlated with Chinese Central Bank’s Balance Sheet, Stimulus Package May Boost Cryptocurrency

New Report Finds Chinese Central Bank's Balance Sheet Drives Positive Bitcoin Price Correlation. Chinese Economic Stimulus May Benefit Bitcoin Indirectly, Asserts CoinDesk Report.

Exploring the Ordinals Ecosystem: Bitcoin’s Latest Revival and Key Developments

Xverse Bitcoin Web3 Wallet provides an overview of the latest developments in the BTC ecosystem, including the Ordinals market, Runes, BRC20, ARC20, Merlin Chain, Fractal, L2 sections, and early airdrop…

Federal Reserve’s Cut Fuels Optimism on Long-Term Borrowing Costs & Bitcoin Investments

BlockBeats reports that Geoff Kendrick, global head of digital asset research at Standard Chartered Bank, attributes long-term U.S. Treasuries borrowing costs and bullish derivatives market conditions to positive outlooks for…

Bank of Japan Governor Signals Potential Interest Rate Hike Amid Rising Inflation

On September 24, Kazuo Ueda, the Governor of the Bank of Japan, indicated that if trend inflation continues to rise as anticipated, it would be appropriate to consider raising interest…

Crypto-Friendly Bank Silvergate Bank Bankruptcy Filing Details

Silvergate Bank, a crypto-friendly institution, recently filed for bankruptcy, citing regulatory challenges as a key factor.

Bank of America: The current market reaction to a 50bp rate cut seems to be following the script of a “soft rate cut” or a “panic rate cut”

According to BlockBeats, on September 22, Hartnett, a well-known strategist at Bank of America, pointed out that the current market reaction to the Fed’s 50 basis point rate cut seems…

The Bank of Canada is winding down its research and development work on a retail CBDC

According to BlockBeats, on September 21, according to the latest news on the website of the Bank of Canada (BOC), the bank is gradually ending its research and development work…

Bank of America: The Fed’s sharp rate cut will help the economy avoid recession

According to BlockBeats, on September 20, the US Federal Reserve announced a 50 basis point interest rate cut. Bank of America said the Fed may choose to cut interest rates…

Bank of Japan keeps interest rates unchanged

According to BlockBeats, on September 20, the Bank of Japan stopped raising interest rates and kept the policy rate unchanged at 0.25%, in line with market expectations. (Jinshi) source

Financial Giant Boerse Stuttgart Digital Partners with DZ Bank to Expand Crypto Services to Over 700 German Banks

According to BlockBeats, on September 20, Boerse Stuttgart Digital is working with DZ Bank, the German central cooperative bank, to provide secure cryptocurrency transactions and storage services to more than…

Standard Chartered Bank: Bitcoin and crypto markets will continue to rise after the Fed cuts interest rates

According to BlockBeats, on September 20, Standard Chartered Bank analyst Geoff Kendrick predicted that Bitcoin and digital assets will continue to rise after the Federal Reserve’s recent interest rate cut,…

The Bank of Canada has officially shelved its “digital Canadian dollar” central bank digital currency (CBDC) plan

According to BlockBeats, on September 19, Decrypt reported that the Bank of Canada officially shelved its central bank digital currency (CBDC) plan, known as the “digital Canadian dollar”, ending nearly…

The Bank of England remains on hold as expected, and is expected to cut interest rates from November

BlockBeats news, September 19, after August inflation data remained unchanged, the Bank of England kept its benchmark interest rate unchanged on Thursday, and the market is increasingly expecting another rate…