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Latest Results from /crypto

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Worldline opens Metaverse shopping mall

Payments firm Worldline is making it easier for firms to enter the metaverse with a white-label shopping mall.

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Silvergate Bank goes into liquidation

Silvergate Bank has gone into liquidation, raising further concerns about rising volatility in the crypto sector.

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Swift to develop beta version of experimental CBDC connector

Interbank co-operative Swift is reporting strong support from central and commercial banks after sandbox testing of an experimental method for interlinking central bank digital currencies (CBDC) with existing fiat infrastructures.

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ANZ to trial offline CBDC payments via smart cards

ANZ is partnering with two universities to trial offline CBDC payments via smart cards that can be loaded with funds and used like physical cash.

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Offline CBDC could boost financial inclusion and privacy - Bank of Canada

An offline CBDC could offer a compliment to cash that would boost financial inclusion and preserve privacy, suggests a note from the Bank of Canada.

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Bybit launches debit card; suspends US dollar deposits

Crypto Exchange Bybit has begun the roll out of Mastercard debit cards, enabling users to convert their crypto into fiat at the point of sale and ATMs.

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Central banks conclude cross-border CBDC experiment, Project Icebreaker

Project Icebreaker, a joint initiative from the Bank for International Settlements and the central banks of Israel, Norway, and Sweden, has successfully concluded a study on the potential benefits and challenges of using retail central bank digital currencies (CBDC) in international payments.

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HSBC and Nationwide restrict customer crypto purchases

HSBC and Nationwide Building Society have become the latest UK lenders to impose restrictions on customers buying cryptocurrency, citing regulator concerns about the practice.

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Fintech deals in Singapore reach record levels

Singapore's fintech sector enjoyed a mixed year in 2022, with a record level of activity but a significant drop in the level of funding, according to recently published data.

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Crypto bank Silvergate warns on ability to survive

Shares in Silvergate plunged by more than 30% in after hours trading after the crypto-focused bank warned it will miss the deadline to file its annual report and raised questions about its ability to survive as a going concern.

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Australian banks and fintechs to test use cases for CBDC

The Reserve Bank of Australia is kicking of 14 pilot projects to investigate potential use cases for a central bank digital currency.

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Bank of England says digital pound "more likely than not"

Bank of England deputy governor Jon Cunlifffe has told a committee of MPs that a digital pound has a better than 50/50 chance of coming to fruition.