Jaspreet Kalra

Recent

Markets

Mass Adoption of a Digital Euro Could Be a ‘Clear Negative’ for Europe’s Banks: BofA

A Bank of America report on a possible mass-adopted digital euro noted that such movement could spell difficulty for commercial banks that could see some of their deposits mig...

By Jaspreet Kalra

Dec 9, 2020 at 7:04 p.m. UTC

Dec 9, 2020

ChinaBankingDigital EuroDiem

Markets

Google

India’s State-Regulated Digital Payments Network Is Dominated by Google and Walmart

A shared payments infrastructure initiated by the state and joined by major Indian banks, the United Payments Interface (UPI) accounted for over 2.2 billion transactions in No...

By Jaspreet Kalra

Dec 9, 2020 at 4:00 a.m. UTC

Dec 9, 2020

GoogleWalmartIndiaDigital Payments

Markets

Germany

Rebranded Libra Still a ‘Wolf in Sheep’s Clothing': German Finance Minister

German Finance Minister Olaf Scholz took aim at the rebranded lDiem and said it would take more than cosmetic changes to smoothen regulatory concerns.

By Jaspreet Kalra

Dec 7, 2020 at 7:36 p.m. UTC

Dec 7, 2020

GermanyEuropeLibraDiem

Markets

Circle

Biden Administration Will ‘Ultimately Be Supportive’ of Crypto: Circle CEO

Oon CNBC’s ‘Squawk Box’ on Monday, Allaire spoke about the regulatory attitudes toward stablecoins and how the incoming administration may treat crypto.

By Jaspreet Kalra

Dec 7, 2020 at 7:17 p.m. UTC

Dec 7, 2020

CircleJoe BidenStablecoinsCryptocurrency Regulations

Markets

Changpeng zhao

Binance Expects to Earn From $800M to $1B This Year, CEO Says: Report

Cryptocurrency exchange Binance will likely earn between $800 million and $1 billion this year. That's up from about $570 million in 2019.

By Jaspreet Kalra

Dec 4, 2020 at 5:46 p.m. UTC

Dec 4, 2020

Changpeng ZhaoBinance

Markets

Fidelity digital assets

Bitcoin a ‘Potential Store of Value’ That's Very Volatile: Fidelity Digital Assets Head

Many investors aspire to hold bitcoin as a store of value, but right now the cryptocurrency is very volatile, said the head of Fidelity Digital Assets.

By Jaspreet Kalra

Dec 3, 2020 at 9:27 p.m. UTC

Dec 3, 2020

Fidelity Digital AssetsBitcoin Volatility

Markets

Swiss national bank

Swiss Wholesale CBDC Trial Shows 'Feasibility' for Central Bank Money on Distributed Ledger, BIS Says

A Swiss experiment on how central bank money can be linked to markets built on distributed ledger technology (DLT) yielded positive results.

By Jaspreet Kalra

Dec 3, 2020 at 4:55 p.m. UTC

Dec 3, 2020

Swiss National BankBISDLTCBDCs

Finance

Charities

Crypto Version of 'Giving Tuesday' Returns With 10 Times as Many Charities

While only 12 non-profits had signed up for the event last year, crypto donations platform The Giving Block said that over 120 such organizations will be taking part in this y...

By Jaspreet Kalra

Nov 30, 2020 at 11:25 p.m. UTC

Nov 30, 2020

CharitiesCrypto DonationsGiving Tuesday