Author: Editorial Office CVJ.CH

The CVJ editorial staff consists of a team of Blockchain experts and informs daily and independently about the most exciting news.

The chairman of the Czech National Bank wants to invest billions of Euros of the country’s reserves in bitcoin. This would make the institution the first Western central bank to hold cryptocurrencies on its balance sheet. Governor Aleš Michl plans to present a proposal to the board of directors on Thursday to invest in bitcoin as a way to diversify Česká národní banka’s (CNB) reserves. According to the Financial Times, if approved, the CNB could allocate up to 5% of its €140 billion in reserves to bitcoin. Bitcoin is unstoppable Michl acknowledged bitcoin’s volatility and limited history, but emphasized its…

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About a year after launching cryptocurrency trading and custody services, PostFinance is expanding its offering to include staking. This new feature allows clients to generate passive income by staking cryptocurrencies. PostFinance is the first systemically important bank to offer this functionality. Staking involves locking cryptocurrencies within a blockchain network to support its operations. In return, participants receive rewards, often in the form of additional cryptocurrency. It’s similar to earning interest on a deposit, but with risks associated with network operations and token value. Customers can now access this service through PostFinance, according to a press release. Staking with PostFinance In…

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