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Coinbase pauses transactions in US to address bank transfer issues
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Coinbase pauses transactions in US to address bank transfer issues

Illustration by Alex Castro / The Verge Coinbase has temporarily stopped transactions for users in the US due to an issue preventing the company from processing withdrawals or deposits involving bank accounts. Problems started around 7AM ET, but the company announced at around 8:30AM ET that it’s working on a fix. “We are currently unable...

‘Trading Like a Lehman Moment’ — Credit Suisse, Deutsche Bank Suffer From Distressed Valuations as the Banks’ Credit Default Insurance Nears 2008 Levels – Economics Bitcoin News
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‘Trading Like a Lehman Moment’ — Credit Suisse, Deutsche Bank Suffer From Distressed Valuations as the Banks’ Credit Default Insurance Nears 2008 Levels – Economics Bitcoin News

It’s been more than a decade since the financial crisis in 2007-2008 when Lehman Brothers, the fourth largest investment bank in the U.S., collapsed and filed bankruptcy. Close to 14 years later, Credit Suisse and Deutsche Bank, two of the world’s largest banks, are suffering from distressed valuations and the banks’ credit default insurance levels...

Kenyan Central Bank Raises Key Rate by 75 Basis Points – Emerging Markets Bitcoin News
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Kenyan Central Bank Raises Key Rate by 75 Basis Points – Emerging Markets Bitcoin News

The monetary policy committee of the Kenyan central bank recently revealed it increased the central bank rate by 75 basis points from 7.5% to 8.25%. Justifying its decision to act, the committee cites growing inflationary pressures and increased global risks, as well as their likely impact on the domestic economy. Growing Inflationary Pressures Following its...

India’s Central Bank raises repurchase rate by 50 basis points
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India’s Central Bank raises repurchase rate by 50 basis points

Fri 30-09-2022 22:17 PM New Delhi, 30th September 2022 (WAM) — India’s Central Bank, the Reserve Bank of India (RBI), today raised its repurchase rate by 50 basis points, which will impact the economy and investors in diverse ways. The repurchase rate, commonly known as “repo” rate is a technical banking term, which refers to...

Bank Buys Bitcoin in Kazakhstan, Country to Develop Crypto Exchange – Finance Bitcoin News
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Bank Buys Bitcoin in Kazakhstan, Country to Develop Crypto Exchange – Finance Bitcoin News

A financial institution and a coin trading platform in Kazakhstan have teamed up to carry out what they say is the country’s first such joint transaction for the acquisition of cryptocurrency. Meanwhile, Kazakhstan’s leadership has declared readiness to further develop crypto exchange in the nation’s financial hub. First Banking Operation With Crypto Assets Opens Door...

Chinese Central Bank Says It Will Prioritize Stabilizing Currency After Yuan Plunges to 14-Year Low Versus USD – Bitcoin News
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Chinese Central Bank Says It Will Prioritize Stabilizing Currency After Yuan Plunges to 14-Year Low Versus USD – Bitcoin News

Moments after the Chinese yuan’s onshore exchange rate versus the U.S. dollar slumped to 7.2458 per dollar, the Peoples Bank of China responded by stating that it will prioritize stabilizing the currency. Similar to other currencies that have been depreciating against the dollar, the yuan has now lost 12% versus the greenback so far this...

Fed Chair Jerome Powell Updates Work on Digital Dollar — Says US Central Bank Digital Currency Will Take ‘at Least a Couple of Years’ – Regulation Bitcoin News
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Fed Chair Jerome Powell Updates Work on Digital Dollar — Says US Central Bank Digital Currency Will Take ‘at Least a Couple of Years’ – Regulation Bitcoin News

Federal Reserve Chairman Jerome Powell says the U.S. central bank is looking at whether to issue a digital dollar with a “very broad scope.” He noted that the Fed is collaborating with Congress and the executive branch on whether to issue a central bank digital currency. Fed Chair Powell on Digital Dollar Progress Federal Reserve...