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Pakistan reveals its CBDC plans and Indonesia says the digital rupiah will operate in the Metaverse
Dec 5, 2022 12:38PM(Kitco News) - Pakistan's central bank has revealed plans to issue its own CBDC by 2025 while Bank Indonesia has signaled that the digital rupiah will be able to be used in the Metaverse.
USDC issuer Circle terminates its proposed SPAC merger with Concord
Dec 5, 2022 11:08AM(Kitco News) - Stablecoin issuer Circle announced the mutual termination of its proposed merger with the publicly traded SPAC Concord Acquisition Corp.
Bitcoin holds above $17K as U.S. jobs data comes in stronger than expected
Dec 2, 2022 05:17PM(Kitco News) - It was a relatively quiet day across financial markets as investors paused to evaluate how to interpret the stronger-than-expected jobs data out of the U.S.
Bankers aren't buying into India's e-rupee' CBDC, and they doubt the public will either
Dec 2, 2022 04:16PM(Kitco News) - The Reserve Bank of India (RBI) launched their wholesale central bank digital currency (wCBDC) pilot project at the beginning of November, and their retail CBDC (rCBDC) just yesterday. But after a month of access to the new e-rupee', the country's bankers aren't impressed, and they doubt the public will take to it either.
Will $1,800 bring the gold bulls back? Analysts look for follow-through buying next week
Dec 2, 2022 03:44PM(Kitco News) - Growing expectations that the Federal Reserve will slow the pace of rate hikes are creating new momentum in the gold market as prices ended the week above $1,800 an ounce.
Silver rally stops TD Securities out of tactical short
Dec 2, 2022 03:39PM(Kitco News) - After a dismal summer, the silver market appears to be making up for last ground as prices end the week at their highest level since June.
New York to charge crypto companies for their supervision
Dec 2, 2022 02:22PM(Kitco News) - New York's Department of Financial Services has released a new proposal that will make crypto companies pay for the costs associated with their BitLicense supervision.
Ukraine has begun developing its crypto regulation framework with the help of international consultants
Dec 2, 2022 01:38PM(Kitco News) - Ukraine held the first meeting of its Advisory Council on the Regulation of Virtual Assets, which looks to make amendments to the country's Law On Virtual Assets.
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US Reps say private companies could profit unfairly from Boston Fed CBDC
Dec 2, 2022 12:05PM(Kitco News) - Nine members of the United States Congress wrote a letter to Susan Collins, President of the Federal Reserve Bank of Boston yesterday, warning that the Bank's central bank digital currency (CBDC) initiative could give certain companies an unfair advantage.
Tether pushes back against the FUD, says its reserves are overcollateralized
Dec 2, 2022 11:30AM(Kitco News) - Stablecoin issuer Tether has responded to claims of its imminent demise by saying that its reserves are overcollateralized and that it remains profitable.
If gold can close Dec. above $1,850 it can go to $2,750 says technical analyst
Dec 2, 2022 09:06AM(Kitco News) - The gold market has started December on a strong note with prices hitting their highest level since mid-August as prices push above $1,800 an ounce.
Bitcoin price dips below $17K as recession fears rise to the surface
Dec 1, 2022 04:44PM(Kitco News) - Bitcoin price fell below $17,000 on Thursday as the boost provided by dovish comments from Fed Chair Powell faded amid rising concerns of an impending global recession.
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