Cryptocurrency Analysis and News Portal
Recent comments from Jerome Powell, the chairman of the United States Federal Reserve, show the American government is not especially concerned with speed when it comes to developing a central bank digital currency, or CBDC. In contrast, Morgan Creek Digital co-founder Anthony Pompliano argues that time is of the essence. "They're talking
Read More
It is Monday. Bitcoin is holding above crucial technical support at $11,400. Meanwhile, its safe-haven rival, the US
Read MoreNew Zealand-based financial services company Power Finance plans to launch what it’s calling a “world-first” digital version of the New Zealand dollar. Set to launch early next year, the digital currency will employ Distributed Ledger Technology.The ‘Power Dollar’ is not government backed however and is more akin to a stablecoin
Read More
The proposal games out CBDC scenarios for fundamentally different potential digital currency end users. Source
Read More
Bitcoin is unlikely to replace the greenback as a global reserve currency any time soon, according to one of the most highly regarded analysts in foreign exchange.“Backing the dollar is the world’s biggest, deepest and the most transparent government bond market,” Marc Chandler, chief market strategist at Bannockburn Global Forex
Read More
Yale University’s Stephen Roach has predicted the U.S. dollar’s demise in 2021.Roach points to the growing current account deficit and the declining net-national savings rate as the two main factors pushing the dollar down.The dollar has declined against most major currencies over the past six months. Other analysts are also
Read More
MakerDAO has voted not to compensate victims of the “Black Thursday” flash crash, a former Pantera partner is launching a new crypto-focused hedge fund and bitcoin may be headed to the doldrums as the U.S. dollar rises.Top shelfDecentralized governanceMakerDAO will not compensate victims of March 12’s “Black Thursday” flash crash that left
Read More
The President and CEO of the Federal Reserve Bank of Cleveland has revealed details of the Fed’s ongoing research into a potential digital dollar. Speaking in a keynote address on September 23, Loretta Mester emphasized that the Federal Reserve has been exploring central bank digital currencies (CBDC) since before the pandemic,
Read More
The common narrative shared over recent months is that Bitcoin is adversely affected by increases in the value
Read More
Bitcoin price is down $800 in just over 24 hours, and elsewhere in the finance space, there is
Read More