Gold prices surge fueled by robust demand from Chinese private investors and the PBOC. Record-breaking levels reached as central banks globally acquire gold. Shift in investment preferences towards gold amid geopolitical uncertainties.
Huang BoSingapore's central bank head forecasts the decline of private cryptocurrencies for their unreliability. He envisions a future with regulated coins and central bank digital currencies, echoed by Rao, from India's Reserve Bank. The FSB flags risks from complex crypto firms, emphasising the need for robust regulations. The shift towards regulated digital currencies is clear, yet strong oversight remains crucial.
JoyThe country's digital asset regulatory body, the National Agency of Perspective Projects (NAPP), has declared JSV "Ravnaq-bank" as a participant in the Special Regulatory Sandbox Regime, according to a press release on August 15, 2023.
BrianEther.Fi has responded to the suspension of its newly-launched NFT collection on OpenSea after the prominent digital marketplace stopped the trading of the staked-ether NFTs, citing its concern about financial activities that require registration and licensing.
BitcoinistThe stETH derivative and its spread to ETH, sharply narrowed as Ethereum completed its technology transition without a hiccup.
CoindeskThe new economic model under the Merge combined with token burn could lead to negative token emission during periods of high demand, the report said.
Others
Phillip Lowe believes that there are risks in dealing with cryptocurrency that can be mitigated by strong regulations, but the tech should be made by private companies.
CointelegraphRussia's central bank sees the digital rubble as the only technological payment option to support.
CointelegraphLGT Bank has partnered with the Swiss crypto bank Seba to offer custody and trading services for Bitcoin and Ether.
Cointelegraph