Central Bank of Zimbabwe Introducing Gold-Backed Digital Currency
The Zimbabwean apex bank plans to launch a gold-backed digital currency which will become the country's legal tender. The government decision was triggered by the...
Bank of England Completes CBDC’s Distributed Ledger Technology Pilot Testing
The Bank of England (BoE), in collaboration with the London-based Bank for International Settlements (BIS), has completed experimenting with central bank digital currency (CBDC). The...
Understanding Bank Runs: Causes, Examples, and Prevention Measures
Commercial banks, hedge funds, and insurance businesses have significant uncertainties. Still, Americans trust financial institutions with a proven track record. When choosing a bank, customers...
Silicon Valley Bank Finds New Home With First Citizens Bank
In a significant move to expand its presence in the tech industry, First-Citizens Bank & Trust Company recently announced an agreement to acquire all deposits...
Crypto Market Consolidates Despite Banking Crisis, Analyst Questions Shorting
In a recent tweet about Bitcoin (BTC), DonAlt (@CryptoDonAlt), a well-known crypto trader and analyst, expressed his observation of an apparent division in the crypto...
Nigeria CBDC Adoption Increases Following a Shortage in Fiat Currency
The decision made by Nigerian financial watchdogs to replace the old fiat currencies has increased the adoption of central bank digital currency eNaira. The global...
Circle Expands to France to Establish Headquarter in Paris
On March 21, the popular issuer of USD Coin (USDC) Circle Internet Financial Ltd. revealed plans to pursue the French market. According to the press...
SpankChain Shutting Down Crypto Payment Unit, Cites Ongoing Banking Crisis
The Venice-based adult entertainment company SpankChain has announced the closure of SpankPay. A report from the SpankChain team dated March 20 revealed that the ongoing...
ConsenSys Collaborating with MoonPay to Boost Crypto Transactions in Nigeria
On March 21, the leading crypto exchange in UK MoonPay, penned a partnership agreement with ConsenSys to pursue the Nigerian market. The team has planned...
Crypto is not Responsible for Traditional Banking Crisis
The traditional banking sector is currently undergoing a rough time. Three of the big banking giants have collapsed, and investors are in a state of...