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ECB Member Isabel Schnabel: Bitcoin Is ‘Speculative,’ ‘Unlikely’ to Be Purchased by the Bank

2024-01-13 by admin Leave a Comment

Isabel Schnabel, member of the European Central Bank (ECB) executive board, has blasted bitcoin’s characteristics, stressing that it is a speculative asset unlike central bank digital currencies (CBDC) like the proposed digital euro. Schnabel stressed it was ‘unlikely’ that the ECB would ever start buying bitcoin as part of its balance sheet. ECB’s Schnabel: ‘The […]

Gold Rush Continues – Central Banks Purchased 44 Tonnes in November

2024-01-09 by admin Leave a Comment

Gold Rush Continues - Central Banks Purchased 44t in November

Krishan Gopaul, senior analyst of the World Gold Council, revealed that central banks kept adding gold to their reserves during November. According to public records and reports from the International Monetary Fund (IMF), central banks added 44t of gold to their coffers, with the Central Bank of Turkey leading the charge by purchasing 25 tonnes. […]