The bank’s analysis says that BNB trades like “an unweighted index” of bitcoin and ether “in terms of both returns and volatility.” Standard Chartered Forecasts BNB to Hit $2,800 Within Four Years Standard Chartered Bank, the $800-billion financial institution headquartered in London, England, published a research report on Tuesday predicting that BNB, the cryptocurrency powering […] Source CryptoX Portal
Key Notes Ripple’s planned bid for Circle is drawing speculation in the broader market. John Deaton, an XRP advocate, sees the Ripple and Circle combo growing into a bank. Ripple Labs is making many strategic acquisitions amid the changing regulatory landscape. Pro-XRP Lawyer John E. Deaton has commented on the rumored Ripple Labs deal to acquire stablecoin issuer Circle. Deaton said he looks forward to Ripple buying or becoming a bank once the deal with Circle pulls through. Ripple’s Proposal to Acquire Circle In an X post, the XRP holders’…
Key takeaways: US Treasury funds saw $19 billion inflows, the highest since March 2023, as the 30-year yield fell 30 basis points. Foreign central banks cut US Treasury holdings to 23%, a 22-year low, as gold reserves hit 18%. Bitcoin soared in 2020 from $9,000 to $60,000 amid similar trends, hinting at a similar outcome in 2025. The global financial tides are shifting significantly, and Bitcoin (BTC) price could greatly benefit from it. Recent data indicates that US Treasury funds saw $19 billion in net inflows last week, exceeding the…
The Governor of the Bank of Ghana (BOG), Johnson Asiama, announced that the central bank plans to begin regulating cryptocurrency and related platforms by the end of September 2025, pending the passage of the Virtual Asset Providers Act. Speaking in Washington, D.C., Asiama stated that the BOG is establishing a dedicated digital assets unit, recognizing […] Source CryptoX Portal
Switzerland’s fierce defense of tradition faced a seismic crypto challenge as calls to add bitcoin to national reserves intensify amid global economic turmoil and geopolitical shifts. Swiss National Bank Chairman Warns Bitcoin’s ‘Very High’ Volatility Risks Currency Stability Swiss National Bank (SNB) Chairman Martin Schlegel strongly opposed integrating bitcoin into the institution’s currency reserves during […] Original
The Swiss National Bank has rejected holding bitcoin reserves, citing concerns over cryptocurrency market liquidity and volatility. “For cryptocurrencies, market liquidity, even if it may seem ok at times, is especially during crises naturally called into question,” said SNB President Martin Schlegel at the bank’s General Assembly meeting Friday. “Cryptocurrencies also are known for their high volatility, which is a risk for long term value preservation. In short, one can say that cryptocurrencies for the moment do not fulfill the high requirements for our currency reserves.” Schlegel’s comments were prompted…
Key Notes The Swiss National Bank refuses to add Bitcoin to its reserves due to market instability. Martin Schlegel says cryptocurrencies lack the liquidity needed for national reserves. Crypto advocates launch a referendum campaign to push for Bitcoin and gold in reserves. The Chairman of the Swiss National Bank (SNB), Martin Schlegel, stated that the central bank has no intention of adding Bitcoin to its reserves due to the stability risks associated with the cryptocurrency. This comes after the local crypto industry intensified its calls for Bitcoin to be used…
An official of the Swiss National Bank dismissed calls for the institution to add Bitcoin to its reserves as a hedge against the ongoing macroeconomic turmoil. According to an April 25 Reuters report, Swiss National Bank Chairman Martin Schlegel said that “cryptocurrency cannot currently fulfil the requirements for our currency reserves” during a shareholder meeting in Bern earlier today. The comments come amid mounting pressure from the local crypto industry to add Bitcoin (BTC) to the central bank’s reserves. Campaigner Luzius Meisser, a board member of cryptocurrency broker Bitcoin Suisse,…
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. After the news of Cantor Fitzgerald’s partnership with SoftBank and Tether, the shares of Cantor Equity Partners (CEP) saw a steep 134% increase. Cantor, the legacy investment firm, is now foraying into Bitcoin by establishing a…
The Central Bank of Russia announced that large payments using the digital ruble framework will debut in 2026, providing an official update after the postponement of its launch in March. Central Bank of Russia: Digital Ruble to Be Launched in 2026 The irruption of central bank digital currencies (CBDC) in the lives of Russian citizens […] Source CryptoX Portal