ECB’s Fabio Panetta: Unbacked Cryptos Are a ‘Vehicle for Gambling’ Lacking ‘Intrinsic Value’ 3 min read CBDC ECB’s Fabio Panetta: Unbacked Cryptos Are a ‘Vehicle for Gambling’ Lacking ‘Intrinsic Value’ Fabio Panetta, part of the Executive Committee of the European Central Bank (ECB), believes that unbacked cryptocurrency...Read More
ECB Hikes Interest Rates by 50bps; Signals Need for Further Hikes to Fight Inflation 3 min read 50bps ECB Hikes Interest Rates by 50bps; Signals Need for Further Hikes to Fight Inflation admin December 16, 2022 The European Central Bank (ECB) decided to hike three of its key interest rates by 50 basis...Read More
ECB Blog Post Insists This Is ‘Bitcoin’s Last Stand,’ Officials Claim BTC Is Headed Toward ‘Irrelevance’ 4 min read "Bitcoin’s Last Stand" ECB Blog Post Insists This Is ‘Bitcoin’s Last Stand,’ Officials Claim BTC Is Headed Toward ‘Irrelevance’ admin November 30, 2022 On Wednesday, Nov. 30, 2022, a blog post published by the European Central Bank (ECB) discusses bitcoin...Read More
Brussels to Put Out Digital Euro Law Shortly, ECB’s Lagarde Says 3 min read CBDC Brussels to Put Out Digital Euro Law Shortly, ECB’s Lagarde Says admin November 10, 2022 The European Commission is going to present a legislative proposal for a digital euro in the near...Read More
Euro Taps a $0.973 Low Against the US Dollar, Analysts Claim British and EU Currencies Are Trapped in a ‘Doom Loop’ 4 min read 1% drop Euro Taps a $0.973 Low Against the US Dollar, Analysts Claim British and EU Currencies Are Trapped in a ‘Doom Loop’ admin September 23, 2022 On Friday, the official fiat currency of 19 out of the 27 member states of the European...Read More
Putin Threatens to Let Europe ‘Freeze’ — Russian President Warns ‘We Will Not Supply Gas, Oil, Coal, Heating Oil’ 4 min read Berenberg Bank Putin Threatens to Let Europe ‘Freeze’ — Russian President Warns ‘We Will Not Supply Gas, Oil, Coal, Heating Oil’ admin September 8, 2022 Following the discussions concerning the inter-governmental political forum Group of Seven (G7) pledging to impose price caps...Read More
Eurozone Inflation Taps Highest Rate Ever Recorded Reaching 9.1%, as Nord Stream, Gazprom Halt Gas Supplies 3 min read 9.1% Eurozone Inflation Taps Highest Rate Ever Recorded Reaching 9.1%, as Nord Stream, Gazprom Halt Gas Supplies admin September 1, 2022 The Eurozone’s inflation rate reached a record high in August of 9.1%, the highest ever recorded in...Read More
ECB President Christine Lagarde Blames Climate Change for Europe’s Torrid Inflation 3 min read central banking ECB President Christine Lagarde Blames Climate Change for Europe’s Torrid Inflation admin August 29, 2022 According to the French politician currently serving as the president of the European Central Bank (ECB), Christine...Read More
CBDC Could Be ‘Holy Grail’ of Cross-Border Payments, ECB Says, Sees Bitcoin as Less Credible 3 min read assessment CBDC Could Be ‘Holy Grail’ of Cross-Border Payments, ECB Says, Sees Bitcoin as Less Credible admin August 4, 2022 Several solutions can potentially improve cross-border payments significantly and central bank digital currency (CBDC) could be the...Read More
Euro Reaches Parity Against the US Dollar, While the USD Index Taps a 20-Year High 3 min read 19 economies Euro Reaches Parity Against the US Dollar, While the USD Index Taps a 20-Year High admin July 14, 2022 Eight days ago, the euro tapped a record low against the U.S. dollar as it hit $1.028...Read More
ECB Considers Capping Digital Euro in Circulation at 4,000 per Capita, Panetta Reveals 3 min read Banknotes ECB Considers Capping Digital Euro in Circulation at 4,000 per Capita, Panetta Reveals admin June 17, 2022 With concerns about financial stability in mind, the European Central Bank (ECB) plans to limit digital euro...Read More
Cryptocurrency Is ‘Based on Nothing,’ Should Be Regulated, ECB’s Lagarde Says 3 min read CBDC Cryptocurrency Is ‘Based on Nothing,’ Should Be Regulated, ECB’s Lagarde Says admin May 21, 2022 President of the European Central Bank Christine Lagarde has insisted that unlike a digital euro, cryptocurrency has...Read More