Blog
News & Resources
Bank of Russia raises interest rates to 12% following Ruble plunge
Key Points The Bank of Russia has introduced new interest rates as the Ruble falls to hit an almost 17-month low against the dollar. The interest rate hike was done during an emergency meeting after the Ruble was gripped by a drop in value past the 100 mark against a...
Central Bank of Singapore releases stablecoin regulatory framework
Key points The Monetary Authority of Singapore, in conjunction with the Central Bank of Singapore, has released a new regulatory framework for stablecoins. The new framework requires stablecoin issuers to be regulated by the Monetary Authority of Singapore for their...
FedNow showcases a DLT platform powered by Hedera Hashgraph
Key Points FedNow has showcased a new DLT-powered payments platform built on Hedera to its list that showcases service providers. The Federal Reserve previously indicated that it would not support or endorse any showcase providers featured on its website. The United...
China’s economic uncertainties increase as loans plunge, creating property fears
Key points China’s economic turmoils keep increasing as credit data released Friday shows a slump in demand for households and businesses borrowing money. Developer Country Garden suspended trading at least 10 of its mainland-china traded Yuan bonds. China’s economy...
Russian Ruble slumps to a 17-month low past 100 against the US dollar
Key Points The Russian Ruble has slumped harder against the US Dollar as it trades at a near 17-month low. President Vladimir Putin’s economic advisor blames loose monetary policy for the rapid depreciation of the Ruble. The Bank of Russia blames the country’s...
PayPal to roll out a crypto Hub for select users
PayPal recently launched a stablecoin in a push to rebrand as a crypto-inclusive payments platform. On Monday, it also announced it was also rolling out a cryptocurrency hub for select users.