VTB Bank, one of Russia’s largest banks, has achieved a milestone in the country. It conducted the first cash-backed virtual financial asset payment with a fintech firm. According to Reuters, the fintech firm, Lighthouse, carried out the transaction. Lighthouse is a subsidiary of VTB Factoring and has a license to exchange virtual assets. VTB noted…
According to a professional market analyst, the US Federal Reserve might be influencing market movements. Analyst Caleb Franzen believes the bank’s monetary policies affect asset prices and crypto. Also, Franzen made these analyses at the “Best Business Show” on the 20th of June. The show’s host, Anthony Pompliano, interviewed the senior analyst about the ongoing…
Globally, the crypto market continues to garner more adoption from different sectors. Major financial institutions have come to recognise the usefulness of crypto as a financial asset. As a result, they are entering the crypto industry. According to Reuter’s report on June 7th, three finance companies plan to increase access to crypto. The three firms,…
In recent news, the Reserve Bank of India (RBI) has shown massive support for CBDCs. The central bank believes that the widespread adoption of CBDCs will end the era of private cryptos. RBI Believes CBDCs Will Overshadow Crypto According to the Indian Times, the deputy governor of the RBI, Rabi Sankar does not support crypto….