Tag: Bank

Floki Inu Roadmap Reveals Plans For Regulated Bank Accounts, FLOKI Faces 17% Downtrend

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The development team behind the dog-themed meme coin Floki Inu has unveiled its highly anticipated roadmap for 2024, revealing several upcoming features and utility-focused initiatives.  Notable highlights include the launch of regulated digital banking accounts, integration with the Venus decentralized finance (DeFi) protocol, the Floki debit card’s introduction, and the Valhalla mainnet’s upcoming release. Floki Inu Aims To ‘Bank The Unbanked’ Floki Inu plans to introduce regulated digital banking accounts, enabling users to create and fund bank accounts using FLOKI tokens.  In partnership with an unnamed licensed fintech company operating…

High-Stakes Week For Bitcoin And Ethereum As Central Bank Decisions Approach: Key Predictions

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This week could mark a pivotal moment in the first quarter of 2024 for the entire crypto market and the two largest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), as major central banks, led by the Bank of Japan and the US Federal Reserve (Fed), prepare to announce their interest rate decisions.  According to crypto futures exchange Blofin, these announcements will set the tone for monetary policy in the coming months. The impact of safe-haven sentiment has led to a pullback in both BTC and ETH prices, with traders expressing greater…

Salvadoran Press Raises Doubts on Piggy Bank Funds’ Ownership: 80% of BTC Came From Bitfinex

Reports from local Salvadoran press are raising questions about President Bukele’s announcement last week, when he transferred 5,690 BTC to a cold wallet, stating that all of these belonged to the country. Moises Alvarado, a Salvadoran journalist, found that 80% of the funds in this wallet came from Bitfinex, an international exchange, while 20% came […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Citi and Brazilian Development Bank Join Hyperledger Foundation

“When global financial organizations like DTCC, Citi, Visa and more step up to collaborate together under this open WG, I believe the market understands the importance of this technology to the financial industry and how working collaboratively in the open under a foundation like ours will drive faster and better outcomes,” said Daniela Barbosa, executive director at the Hyperledger Foundation. Source

Bank of Japan Ends Eight-Year Negative Rates Regime; Bitcoin Slides to $62.7K

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“The BOJ is now essentially data-dependent, which is a big change in the BOJ reaction function and opens up the scope for greater FX volatility that should discourage a further build-up of yen carry positions at these weaker yen levels. Import inflation is again picking up, and government subsidies that are helping to depress inflation will end on April 30,” Derek Halpenny, head of research, global markets at MUFG Bank, said in a note sent to clients after the rate hike. Original

El Salvador Moves ‘Big Chunk’ of Its BTC to Cold Wallet — President Bukele Says ‘Call It Our First Bitcoin Piggy Bank’

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El Salvador has transferred “a big chunk” of its bitcoin holdings to a cold wallet, President Nayib Bukele has announced. “You can call it our first bitcoin piggy bank,” he said. As of writing, the wallet’s balance totals approximately 5,690 bitcoins. El Salvador Establishes Its First ‘Bitcoin Piggy Bank’ El Salvador’s President Nayib Bukele announced […] Original

Ex-Swiss bank director discusses the future of Bitcoin ETFs after record-breaking trading day

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Bitcoin ETFs shattered records with a 14,261 bitcoin purchase on March 12, as a former Swiss Bank Director shed light on the changing Bitcoin ETF investment scene. On March 12, net spot Bitcoin ETF inflows surpassed $1 billion, with Blackrock’s IBIT product reaching a record $849 million inflow and exceeding 200,000 BTC in assets under management, as per reports. The latest surge in trading activity eclipses the initial enthusiasm seen at the ETFs’ inception and establishes a new market engagement benchmark. In a March 14 interview with Crypto.news, Clive Thompson,…