Swiss National Bank to Research CBDCs at New BIS Innovation Hub Centre

The Swiss National Bank (SNB) and Bank for International Settlements (BIS) have signed an agreement to cooperate on the BIS Innovation Hub Centre in Switzerland. Two major projects According to an official press release on Oct. 8, the BIS’s first three innovation hubs will be established in Switzerland, Hong Kong and Singapore. The Swiss center will initially focus on two research projects — integration of central bank digital currencies (CBDCs) into a distributed ledger technology infrastructure and analysis of the rising requirements for tracking fast-paced electronic markets by central banks,…

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FTSE 100 Sweats as UK Faces £92 Billion Brexit Recession Bomb

The FTSE 100 was on a knife-edge on Tuesday morning, swinging in and out of the red in the first hour of trading. The UK stock market index took a hit as the full financial impact of a no-deal Brexit begins to take hold. The Institute for Fiscal Studies (IFS) warned that government borrowing would […] The post FTSE 100 Sweats as UK Faces £92 Billion Brexit Recession Bomb appeared first on CCN.com

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10 Celebrities Who Are Totally Into Bitcoin

Bitcoin used to be synonymous with drugs but now, celebrities of all stripes are turning on to what used to be the obscure money of choice for the internet’s black markets. For instance, what if I told you that a certain Grammy-caliber rapper has accepted bitcoin for an album in 2014? 50 Cent did, and he’s just one example of the prestige Bitcoin enjoys among the movers and shakers who are at the center of Western pop culture. Here are a few examples. Kanye West  Image by Peter Hutchins from…

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