Central Bank Of Nigeria Selects Bitt As Technical Partner For CBDC Project

The Central Bank of Nigeria (CBN) has selected Barbados-based fintech company Bitt Inc. as the technical partner for its Central Bank Digital Currency, named eNaira, which is expected to be launched later in 2021. Bitt was selected from among highly competitive bidders based on the company’s technological competence, efficiency, platform security, interoperability, and implementation experience.… Continue reading Central Bank Of Nigeria Selects Bitt As Technical Partner For CBDC Project

U.S. consumer sentiment drops in early July on inflation fears

FILE PHOTO: A man shops, during the coronavirus disease (COVID-19) pandemic, on 5th Avenue in New York, U.S., February 17, 2021. REUTERS/Brendan McDermid(Reuters) – U.S. consumer sentiment fell sharply and unexpectedly in early July to the lowest level in five months as inflation worries dented confidence in the economic recovery, a survey showed on Friday.… Continue reading U.S. consumer sentiment drops in early July on inflation fears

U.S. consumer prices post largest gain in 13 years

WASHINGTON (Reuters) -U.S. consumer prices increased by the most in 13 years in June amid supply constraints and a continued rebound in the costs of travel-related services from pandemic-depressed levels as the economic recovery gathered momentum.FILE PHOTO: People wearing protective masks shop at Macy’s Herald Square following the outbreak of the coronavirus disease (COVID-19) in… Continue reading U.S. consumer prices post largest gain in 13 years

U.S. consumer prices surge in June

WASHINGTON (Reuters) – U.S. consumer prices rose by the most in 13 years in June amid supply constraints and a continued rebound in the costs of travel-related services from pandemic-depressed levels as the economic recovery gathered momentum.FILE PHOTO: People wearing protective masks shop at Macy’s Herald Square following the outbreak of the coronavirus disease (COVID-19)… Continue reading U.S. consumer prices surge in June

Import rebound behind the decline in Saudi reserves, central bank chief says

DUBAI (Reuters) – A recent drop to record lows in Saudi Arabia’s foreign reserves, a measure of its ability to support its dollar-pegged currency, was partly due to a lag between import payments and export receipts, the Saudi central bank governor told Reuters.FILE PHOTO: Saudi Arabian Monetary Agency Governor Fahad al-Mubarak attends the 58th Gulf… Continue reading Import rebound behind the decline in Saudi reserves, central bank chief says

China's Digital Yuan Smart Card to Feature Biometrics and Fingerprint Scanning – Bitcoin News

The People’s Bank of China’s upcoming digital yuan card will feature IDEX Biometrics and fingerprint scanning, according to regional reports. China’s “Digital Currency Electronic Payment” or DCEP is getting closer toward launch by the day. Last week, smart card manufacturer Chutian Dragon and IDEX Biometrics announced the companies are working on a digital yuan payments… Continue reading China's Digital Yuan Smart Card to Feature Biometrics and Fingerprint Scanning – Bitcoin News

Workers at Covid testing centres are NOT being offered vaccine

Frontline workers at Covid testing centres are NOT being offered vaccines yet because they are ‘not in close contact’ with the virus and have PPE Department of Health said they weren’t in ‘close contact’ with the virus It also said they had ‘appropriate PPE’ to protect them from the disease Testing staff lean into cars… Continue reading Workers at Covid testing centres are NOT being offered vaccine

Workers at Covid testing centres are NOT being offered vaccine

Frontline workers at Covid testing centres are NOT being offered vaccines yet because they are ‘not in close contact’ with the virus and have PPE Department of Health said they weren’t in ‘close contact’ with the virus It also said they had ‘appropriate PPE’ to protect them from the disease Testing staff lean into cars… Continue reading Workers at Covid testing centres are NOT being offered vaccine

Bank of Israel sees strong rebound if vaccine rolled out quickly

JERUSALEM (Reuters) -The Bank of Israel expects the economy to bound back quickly in 2021 if the country’s fast start to vaccinating people against COVID-19 is maintained, the central bank said on Monday after keeping rates unchanged. The bank left its benchmark interest rate at 0.1% for a sixth straight meeting, in line with analysts’… Continue reading Bank of Israel sees strong rebound if vaccine rolled out quickly

Bullish for Crypto: A G7 Central Bank Confirmed It’s Floating Negative Rates

Despite the roaring recovery in the S&P 500, crypto, and other markets,  many facets of the global economy remain in recession. Dozens of millions are unemployed, consumer spending is down, and the global supply chain has come to a screeching halt. With cashflows going negative around the world, meaning firms are at risk of going… Continue reading Bullish for Crypto: A G7 Central Bank Confirmed It’s Floating Negative Rates