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The United States House Financial Services Committee is moving forward with legislation aimed at preventing the issuance of a central bank digital currency. According to an announcement from chairman Patrick McHenry, the Committee will mark up two bills about a potential digital dollar on Sep. 20. Markups are sessions in which
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“If not designed to be open, permissionless, and private – emulating cash – a government-issued CBDC is nothing more than a CCP-style surveillance tool that would be used to undermine the American way of life,” he said in a statement, accusing President Joe Biden’s administration – even in the absence
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The United States House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion will be holding a hearing discussing central bank digital currencies (CBDCs) for the first time in months.In a Sept. 7 announcement, Republican lawmakers on the committee said they planned to hold a hearing discussing the implications
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Bitcoin (BTC) hugged a key long-term trendline on Sep. 7 as U.S. dollar strength hit its highest in six months.BTC/USD 1-hour chart. Source: TradingViewBitcoin vs. 200-week moving average forms "million dollar question"Data from Cryptox Markets Pro and TradingView showed BTC price moves focusing on the area around $25,700.Conditions were less
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A death cross indicates a potential long-term bearish shift in momentum while a golden cross suggests the opposite. Source
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Chronicle will feature a dashboard that users can access to track the origin of any required data - which developers say will ensure on-chain data transparency. It will run on data supplied by over 22 node operators, such as Infura, Etherscan, Gnosis, Gitcoin, Argent, MakerDAO and dYdX. Source
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Going by technology theorist Carlota Perez's research, "RWAs" may be the next phase of substantive crypto development. Source
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The PayPal USD will be pegged to U.S. dollars and issued by Paxos Trust. Source
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The Digital Dollar Project (DDP) announced the completion of a pilot study of remittance payments to the Philippines using a simulated retail central bank digital currency (rCBDC). Western Union and BDO Unibank were partners in the project.The project used a version of the DDP’s Champion Model. In it, a simulated
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“I think that bitcoin, for me, for a number of reasons, does not yet meet that commodity basket,” Ramaswamy said. “I’m a bitcoin fan. I spoke at a bitcoin conference. I want to stabilize the dollar against agriculture and farm commodities, gold, silver and nickel.” Source
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