Russian Banks Set for Record Profits This Year, Central Bank, Rating Agency Say – Finance Bitcoin News
Bank of Russia raised its forecast for the profits of Russian banks in 2023, expecting results that may break the...
Finance
Analysts Warn of More Bank Failures, Possible Recession and Global Repercussions Caused by First Republic Bank Collapse – Finance Bitcoin News
The recent takeover of First Republic Bank, the fourth U.S. bank to fail this year, has awakened concerns about the...
China Ramped Up Gold Production During Q1 Amidst Steady Demand From Central Banks – Finance Bitcoin News
Gold companies operating in China ramped up their production levels during the first quarter of 2023. According to industry reports,...
BRICS to Promote National Currencies Before Issuing Common One – Finance Bitcoin News
The BRICS bloc is now focused on expanding the use of the currencies of its members, according to the representative...
Almost 50 Russian Banks Accept Yuan Deposits Amid Low Demand for Dollar Accounts – Finance Bitcoin News
A growing number of banking institutions in Russia are offering customers the option to save in Chinese yuan. The trend...
World’s Largest Regional Organization to Switch to Settlements in National Currencies – Finance Bitcoin News
A China-led regional organization that covers more than half of Eurasia intends to transition to settlements in the currencies of...
‘Not the Right Time to Stop’ Rate Hikes, ECB Chief Economist Says – Finance Bitcoin News
Current indicators suggest the European Central Bank (ECB) should raise the interest rate in May, the monetary authority’s chief economist...
BRICS Bank ‘Re-taps Into USD Bond Market’ With $1.25 Billion ‘Green’ Bonds – Finance Bitcoin News
The development bank established by the BRICS group of nations has issued its first “green” bonds in U.S. dollars (USD)....
Treasury Secretary Yellen Says US Government Will Take ‘Any Steps Necessary’ to Preserve Its Financial Dominance – Finance Bitcoin News
According to U.S. Treasury Secretary Janet Yellen, the United States government is prepared to take the steps necessary to ensure...
Russia to Work With Digital Currencies of Other Nations – Finance Bitcoin News
The platform developed for the digital ruble will be able to operate with different state-issued digital currencies, the Bank of...
Russia Developing Payment Gateways With Partners Like Turkey, Mulling Crypto Settlements – Finance Bitcoin News
Bank of Russia is building a system of gateways with foreign payment networks and is now working with Turkey in...
Despite Using Euro, Montenegro to Develop Own Digital Currency With Ripple – Finance Bitcoin News
Montenegro intends to create and issue its own digital currency with help from U.S.-based crypto company Ripple. The Southeast European...
Hong Kong’s Largest Virtual Bank Offers Crypto Conversion Services – Finance Bitcoin News
ZA Bank, Hong Kong’s biggest virtual-only lender, intends to expand its business into the region’s growing digital assets sector. The...
Europeans to See More Interest Rate Hikes, Central Bank Governors Indicate – Finance Bitcoin News
Further rate hikes are warranted by persisting inflation in the eurozone, according to members of its monetary authority’s decision-making body....
Dollar to Play Lesser Role Due to Its Weaponization, Digital Currencies, Economist Jeffrey Sachs Says – Finance Bitcoin News
Within the next decade, the U.S. dollar will play a much less dominant role than it is today, according to...
Swiss State-Owned Banking Giant Postfinance to Offer Crypto Services – Finance Bitcoin News
Postfinance, one of Switzerland’s largest retail banks, will offer customers access to major cryptocurrencies and related services. The state-owned financial...
Core Inflation on Upward Trend, Further Rate Hikes Expected, ECB Execs Say – Finance Bitcoin News
Amid underlying inflationary pressures, further interest rate increases may still be needed, members of the European Central Bank’s Governing Council...
‘It Will Be Spectacular, Capitulation Will Be Epic’ – Finance Bitcoin News
Peter Schiff, economist and known gold bug, believes that the current price uptick that gold is currently experiencing will extend...
Household Crypto Holdings Included in Bank of Russia’s Consumer Finance Survey – Finance Bitcoin News
The Central Bank of Russia has added crypto asset holdings of households to its survey of consumer finances. The statistics...
Bitcoin Millionaire Tim Draper Advises Startups to Keep Bitcoin as a Hedge Against a ‘Domino’ Run on the Banks – Finance Bitcoin News
Tim Draper, a venture capitalist and bitcoin millionaire, has included bitcoin as part of a series of cash management recommendations...
French Authorities Raid 5 Major Banks Over Accusations of Money Laundering and Fiscal Fraud – Finance Bitcoin News
On Tuesday, French officials conducted raids on five major banks located in and around Paris, including Societe Generale, BNP Paribas,...
Digital Euro Key for European Payment Autonomy, ECB President Lagarde Says – Finance Bitcoin News
The digital euro has an important role in preserving the payment autonomy of Europe, the head of the eurozone’s monetary...
