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The electronic dollar, as defined in the bill, would be a bearer instrument that people could hold on their phone or a card. The system would be token-based, not account-based, meaning if someone were to lose their phone or card, they would lose the funds. In other words, it'd be
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Big 4 bank ANZ has become the first Australian bank to mint an Australia dollar (AUD) pegged stablecoin named “A$DC.”But rival bank NAB also has its own stablecoin project which is expected to launch by the end of the year.ANZ is working with local regulators such as AUSTRAC and APRA
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U.S. Congressman Pete Sessions says bitcoin is aligned with American values and will strengthen the U.S. dollar. The lawmaker further noted that the cryptocurrency “is trending to be a more resilient alternative option to hedge against fiat-currency inflation.” Rep. Pete Sessions Sees Merit in Bitcoin U.S. Representative Pete Sessions tweeted about bitcoin
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Bitcoin was trading flat to negative even as the European stocks and the S&P 500 futures got a slight tailwind. Source
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A Goldman Sachs senior chairman has asked why crypto is not having a moment despite “the inflating U.S. dollar” and governments demonstrating that they can and will freeze accounts under certain circumstances. “Not seeing it in the price, so far,” he said. Goldman Sachs’ Blankfein Has a Question About Crypto Lloyd Blankfein,
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Bitcoin (BTC) stayed near one-week lows on March 7 as a flight to safety among investors did crypto markets no favors.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewGold, dollar spell sour times for stocksData from Cryptox Markets Pro and TradingView showed BTC/USD bouncing at around $37,600 overnight before tracking around $1,000 higher.The
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A finance professor at the Wharton School of the University of Pennsylvania has warned of “bitcoin taking over.” He added that the Fed “has been terribly wrong over the last year” about inflation and must now act to defend the U.S. dollar. Finance Professor Urges the Fed to Take Action to
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According to macroeconomic theory, an uptick in wages can push up inflation. As wages rise, employers pass on the increase in labor cost to the final consumer, resulting in an uptick in the general price level in the economy. Workers demand higher wages in response, setting a vicious cycle of
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Bitcoin trades were steady as commodity prices rallied on Monday, hinting at higher inflation ahead. However, the resilience to the escalating Ukraine-Russia crisis may prove fleeting as demand for the U.S. dollar, the global reserve currency and one of the most liquid asset globally, is rising. Source
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Giancarlo, nicknamed “Crypto Dad” by many, began his CBDC advocacy in 2020 through the Digital Dollar Project, which launched a pilot program for the greenback last year. In a Wall Street Journal op-ed, he argued that if the U.S. could send a man to the moon, the country could send
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