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📢The #Bank of Spain plans to start a wholesale central bank digital currency (CBDC) project, and on Monday, it asked financial institutions and tech providers to submit proposals for the initiative by Jan. 31.
Source: #YahooFinance
Source: #YahooFinance
Bank of #Japan to launch pilot programme in April for issuing digital yen(#cbdc ).
The #Bank of Japan (BOJ) announced on Friday that it has chosen to begin a pilot programme in April to issue a #digital yen, taking the country, which is slow to adopt #digitalcurrency systems.
The #Bank of Japan (BOJ) announced on Friday that it has chosen to begin a pilot programme in April to issue a #digital yen, taking the country, which is slow to adopt #digitalcurrency systems.
Bank of Russia 🇷🇺 to Pilot #cbdc in April.
The digital #ruble , the central bank #digitalcurrency (#cbdc ) of the #Bank of Russia, is prepared for a pilot phase, according to Olga Skorobogatova, deputy governor of the bank, on Friday.
The digital #ruble , the central bank #digitalcurrency (#cbdc ) of the #Bank of Russia, is prepared for a pilot phase, according to Olga Skorobogatova, deputy governor of the bank, on Friday.
The money being deposited in banks has decreased last March 8 to 15 as more investors are turning towards #bitcoin #BTC #crypto2023 #Bank #recession
Credit Suisse said it would borrow up to £45 billion from Switzerland's central bank to bolster its finances. Shares increased 40%.
#CreditSuisse
#Bank
#CreditSuisse
#Bank
‘I just lost half my money to this banking thing,’ tearful Sharon Stone says “
Sharon Stone, —we're all going through tough times—while asking attendees for donations at a charity gala.
Come To #bitcoin , Come To #blockchain , #Bank 〽️
Sharon Stone, —we're all going through tough times—while asking attendees for donations at a charity gala.
Come To #bitcoin , Come To #blockchain , #Bank 〽️
UK Branch Of Silicon Valley Bank Offer Its Employees Incentives Worth Millions Of Pounds
The British affiliate of #SiliconValley Bank distributed between 15 and 20 million pounds in incentives to management and personnel.
The British affiliate of Silicon Valley Bank gave out between 15 and 20 million pounds in incentives to management and workers (approximately 18.26 million to 24.35 million pounds). One million dollars (USD). It is thought the incentives were supplied to fulfill "previously negotiated payments" to "retain core staff". Prior to this, Sources who claimed that HSBC UK #Bank had paid £1 for the UK division of Silicon Valley Bank.
Despite the alleged claims that the incentives would not have been paid this week if SVB UK had not been acquired in a solvent manner, the payments were made. The shares held by the senior executives and other employees of the company were said to have lost all value as SVB UK was so close to filing for bankruptcy.
Another insider with knowledge of the matter asserted that the incentive payments were evidence of HSBC's confidence in SVB UK's talent pool and that they were intended to fulfill previously agreed-upon payments in an effort to retain key personnel. #SVB UK said earlier on March 17 that it was pleased to be joining #HSBC after 14 years of promoting and advancing the creative economy in the UK. A tweet was used to make this announcement.
The bank hopes that the bonuses will aid in attempts to retain employees and hire new ones. In a highly competitive job market, attracting and retaining top talent depends on providing alluring incentives and benefits. It is anticipated that this move by Silicon Valley Bank's UK branch will increase its appeal as an employer to financial professionals, enabling it to maintain its market leadership.
The British affiliate of Silicon Valley Bank gave out between 15 and 20 million pounds in incentives to management and workers (approximately 18.26 million to 24.35 million pounds). One million dollars (USD). It is thought the incentives were supplied to fulfill "previously negotiated payments" to "retain core staff". Prior to this, Sources who claimed that HSBC UK #Bank had paid £1 for the UK division of Silicon Valley Bank.
Despite the alleged claims that the incentives would not have been paid this week if SVB UK had not been acquired in a solvent manner, the payments were made. The shares held by the senior executives and other employees of the company were said to have lost all value as SVB UK was so close to filing for bankruptcy.
Another insider with knowledge of the matter asserted that the incentive payments were evidence of HSBC's confidence in SVB UK's talent pool and that they were intended to fulfill previously agreed-upon payments in an effort to retain key personnel. #SVB UK said earlier on March 17 that it was pleased to be joining #HSBC after 14 years of promoting and advancing the creative economy in the UK. A tweet was used to make this announcement.
The bank hopes that the bonuses will aid in attempts to retain employees and hire new ones. In a highly competitive job market, attracting and retaining top talent depends on providing alluring incentives and benefits. It is anticipated that this move by Silicon Valley Bank's UK branch will increase its appeal as an employer to financial professionals, enabling it to maintain its market leadership.
#Bank stocks fall worse after Fed announcement and #PacWest Bank crisis
In light of the #FED rate hike and the possible sale of PacWest Bank, shares of the main banks listed in the United States fell.
#APfinanciero #feedfeverchallenge
In light of the #FED rate hike and the possible sale of PacWest Bank, shares of the main banks listed in the United States fell.
#APfinanciero #feedfeverchallenge
$Bitcoin experienced a slight decline on Thursday, stabilizing after emerging from a trading range lasting over two months, fueled by disappointing #US economic data prompting expectations of interest rate cuts by the #FederalReserve.
Over the past 24 hours, Bitcoin retreated by 0.5% to $70,383 The cryptocurrency found its footing after breaking free from a trading range of $60,000 to $70,000 earlier this week, marking the end of a downward trend that began in mid-March.
Bitcoin is now benefiting from the weakening $dollar as investors factor in potential Fed interest rate cuts.
Spot exchange-traded funds (#ETFs) for Bitcoin listed in the US witnessed a surge in inflows this week, pushing year-to-date inflows to around $15 billion. Additionally, spot #BitcoinETFs recorded four consecutive weeks of inflows in May. The approval of spot Bitcoin ETFs in US markets has provided significant support to the #cryptocurrency this year, with institutional inflows driving Bitcoin to new highs.
This trend appears to be gaining momentum once more, particularly in light of lower U.S. interest rates, which create a more favorable environment for the crypto market.
In the broader cryptocurrency market, $Ethereum, the second-largest cryptocurrency, increased by 1.6% to $3,887, amid excitement surrounding a potential spot Ether ETF. The Securities and Exchange Commission's #SEC approval in May for major US exchanges to list spot ETFs has paved the way for further developments in the #Ether market.
While other alternative cryptocurrencies (#altcoins) showed mixed performance, many were on track for gains this week due to weak US economic data increasing expectations of a #September #RateCut.
Altcoins such as $SOL, $ADA, and $XRP experienced slight declines ranging from 0.2% to 0.6%, while meme coins like $SHIB and $DOGE fell by 0.4% each.
The recent rate cut by the #Bank of Canada #BoC on Wednesday, along with anticipation of an impending rate cut by the European Central Bank #ECB on Thursday, has further fueled optimism for lower interest rates globally.
Over the past 24 hours, Bitcoin retreated by 0.5% to $70,383 The cryptocurrency found its footing after breaking free from a trading range of $60,000 to $70,000 earlier this week, marking the end of a downward trend that began in mid-March.
Bitcoin is now benefiting from the weakening $dollar as investors factor in potential Fed interest rate cuts.
Spot exchange-traded funds (#ETFs) for Bitcoin listed in the US witnessed a surge in inflows this week, pushing year-to-date inflows to around $15 billion. Additionally, spot #BitcoinETFs recorded four consecutive weeks of inflows in May. The approval of spot Bitcoin ETFs in US markets has provided significant support to the #cryptocurrency this year, with institutional inflows driving Bitcoin to new highs.
This trend appears to be gaining momentum once more, particularly in light of lower U.S. interest rates, which create a more favorable environment for the crypto market.
In the broader cryptocurrency market, $Ethereum, the second-largest cryptocurrency, increased by 1.6% to $3,887, amid excitement surrounding a potential spot Ether ETF. The Securities and Exchange Commission's #SEC approval in May for major US exchanges to list spot ETFs has paved the way for further developments in the #Ether market.
While other alternative cryptocurrencies (#altcoins) showed mixed performance, many were on track for gains this week due to weak US economic data increasing expectations of a #September #RateCut.
Altcoins such as $SOL, $ADA, and $XRP experienced slight declines ranging from 0.2% to 0.6%, while meme coins like $SHIB and $DOGE fell by 0.4% each.
The recent rate cut by the #Bank of Canada #BoC on Wednesday, along with anticipation of an impending rate cut by the European Central Bank #ECB on Thursday, has further fueled optimism for lower interest rates globally.