BNP Paribas and Bank of China Partner to Drive Adoption of Digital YuanBNP Paribas is partnering with Bank of China (BOC) to promote China's digital currency, the digital yuan, to its corporate clients in China. The partnership will allow BNP Paribas China's corporate clients to connect with the BOC

Federal Reserve Hikes Interest Rate by 25bps, Emphasizes Strength and Resilience of US Banking SystemThe US Federal Reserve, together with the Federal Open Market Committee, has announced a 25 basis point increase in the federal funds rate, in line with market expectations. This move marks the tenth

The European Central Bank (ECB) has raised its key interest rates by 25 basis points, slowing the pace of the previous increases. However, with inflation in the euro area remaining persistently high, future rate hikes may still be expected, with the regulator insisting that it will continue to seek

Online responses to a measure filed in Kenya that might impose a tax on Bitcoin and NFT payments have been varied.Source: www.benjamindada.comAccording to a recently filed bill, Kenyan MPs are considering enacting a 3% tax on cryptocurrency and non-fungible token (NFT) transactions and a 15% tax on

1. Market TrendBetween April 28 and 9:00 am on May 3, the BTC price fluctuated between $27,667 and $29,969, with a volatility of 8.32%. According to the 1-hour candle chart, after fluctuating at a high level for a period of time, the price of BTC fell below the weekly chart at 9:00 am on May 1 and h

Bitcoin has once again surged past $29,000, and it appears that the ongoing banking crisis in the US is one of the reasons for the cryptocurrency's rally. Just hours after US Federal Reserve Chairman Jerome Powell assured the public that the US banking system is safe and sound at yesterday’s FOMC me

According to blockchain marketing firm Guerilla Buzz, a staggering 35.8% of the top cryptocurrency projects in the world will still be active in 2023 without publishing a single blog entry.Source: www.cnbc.comMore than a third of the top 1,000 cryptocurrency projects, which includes both cryptocurre

US Banking System Deemed Strong and Resilient as Federal Reserve Increases Interest Rate by 25bpsThe US Federal Reserve has announced a 25 basis points increase in the federal funds rate, marking the tenth consecutive hike since March 2022. The announcement came as no surprise to the market, with th

It's unclear what the Bureau was looking for at the residence of Sam Bankman-Fried's former co-CEO of FTX Digital Markets.Source: finbold.comThe Federal Bureau of Investigation (FBI) is rumored to have searched the residence of former FTX co-CEO Ryan Salame as the executive comes under further scrut

The United Kingdom's HM Revenue and Customs is seeking input on a new tax regime for decentralized finance (DeFi) lending and borrowing activities. The consultation, which was launched on April 27, will run until June 22 and invites input from "investors, professionals and firms engaged in DeFi acti