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CBDCs could put banks’ profits at risk, as per this report

Emerging CBDC cross-border transaction technology can put the banks’ profits at risk, as per a new Moody’s report. Cross-border CBDC transactions would require entirely new infrastructure, reducing the role of banks even further. Emerging central bank digital currency (CBDC) cross-border transaction technology has the potential to transform the global economy by making services for many…

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Dollar steadies near seven-week low; Fed set to pause?

By Peter Nurse – The U.S. dollar steadied near its seven-week low in early European trade Friday as traders contemplated the Federal Reserve’s next move as confidence in the banking sector remained fragile. At 03:55 ET (07:55 GMT), the Dollar Index , which tracks the greenback against a basket of six other currencies, traded…

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Ripple CTO Reaction to Coinbase Wells Notice Heats Up Twitter

Ripple CTO claims the SEC can’t tell what the rules are. XRP price soared over 19% in a week. While the US Securities and Exchange Commission (SEC) continues to be engaged in a prolonged legal dispute with Ripple, the watchdog has now picked Coinbase (NASDAQ: COIN ) as its new target. The exchange reportedly received…

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