As XRP continues to gain momentum as a top cryptocurrency, major banks are taking notice and joining the ranks of Bitcoin and Ethereum in utilizing its innovative technology. A recent report from the Basel Committee on Banking Supervision (BCBS) reveals that 19 large banks have heavily invested in crypto, amounting to 9.4 billion euros, with ...
As the Federal Reserve faces an unprecedented outage, Bitcoin’s unwavering reliability emerges as a beacon of hope for disrupted U.S. banks. A recent Federal Reserve payment system outage disrupted U.S. bank operations, causing delays in customer deposits and highlighting the vulnerability of traditional banking systems. In contrast, Bitcoin’s decentralized and secure network proved resilient, emphasizing ...
In October, G10 central banks reached a critical juncture as their hit rate plateaued, while emerging markets took a divergent path, showcasing the complex dynamics of the global economy. In September, central banks across major developed economies opted to keep their benchmark interest rates unchanged, marking the first time since January 2022 that no rate ...
