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Ripple will help the Central Bank of Colombia explore CBDC use cases
Blockchain payment company Ripple Labs Inc has signed a strategic partnership agreement with the Central Bank of the Republic of Colombia and together they intend to explore use cases of blockchain technology with Central Bank Digital Currency (CBDC). In particular, the association involves the Ministry of Information and Communication Technologies (MinTIC) and a company specializing…
Central Bank Gold Demand Rises in Q3 Amid Global Unrest
Central banks around the world maintained their appetite for gold in the third quarter of 2023, with their purchases totaling 337 metric tons, the World Gold Council (WGC) third quarter report shows. Board analysts suggest that this continued central bank activity is indicative of strong and sustained demand for gold, which could lead to a…
South Korea Crypto Premiums Return, Bitcoin Trades Nearly $1,300 Above World Average
Recent data reveals that the crypto economy has seen notable growth in the last month, with a substantial portion of its trading activity originating from South Korea. As an illustration, on Saturday, November 18, 2023, the Korean won represented 3.53%. of all bitcoin (BTC) transactions in the previous 24 hours. Bitcoin price rises $1,300 above…
Google invests $ 1 billion in CME Group with a 10-year cloud contract
CME Group President and CEO Terry Duffy said the investment and partnership would help the company “transform derivatives markets through technology, expanding access and creating efficiencies for all market participants.” Google’s parent company Alphabet has invested $ 1 billion in the Chicago Mercantile Exchange Group, the exchange responsible for many crypto derivatives. In an investor…
BitGo acquires HeightZero to strengthen crypto asset management services
Cryptocurrency custody specialist BitGo has taken a strategic step into the rapidly evolving digital asset landscape by acquiring HeightZero, a software platform dedicated to providing wealth managers with tools to incorporate cryptocurrencies into their clients’ portfolios. Although the financial details of this acquisition have not been revealed, the implications are clear for the growing institutional…
Binance Australia Users Selling Bitcoin at Discount Ahead of AUD Withdrawals Halt
Customers of Binance Australia were trading bitcoin and other cryptocurrencies at lower prices than those on other platforms on Tuesday. The discount is apparently due to a popular Australian payment service preparing to cut off the crypto exchange from withdrawals in local currency. Bitcoin Trading at Lower Rates on Binance Australia Australians traded bitcoin (BTC)…