Cryptocurrency Analysis and News Portal
The European Central Bank under the new leadership of Legarde, has confirmed work on the digital Euro is underway with ‘several options’ being considered. This news comes as numerous countries also announced their intention to move from fiat to digital currencies moving towards a cashless society everywhere. My message is that while
Read More
The Fed warned that a stablecoin crisis could wreak havoc on the global economy and outlined the steps issuers must take to protect the status quo. Source
Read More
The head of the United States Federal Reserve has admitted current economic policy is “not sustainable” — but that it is not its job to fix it.Speaking during testimony before Congress’ Joint Economic Committee on Nov. 13, Jerome Powell noted that currently, U.S. national debt is growing faster than
Read More
A senior United States federal official has argued that Facebook’s Libra highlights the need for the Federal Reserve (Fed) to act urgently and launch its own real-time payments system.In a letter addressed to the Federal Reserve’s Board of Governors on Nov. 7, Rohit Chopra — a commissioner at the
Read More
Earlier this month CoinDesk Reported that the Federal Reserve believes the dollar will one day soon become a digital asset much like XRP. Then David Schwartz also spoke of creating a dollar stablecoin but instead of being backed by the FED, backed by XRP & we got excited. The key distinguishing property of
Read More
The president of the Federal Reserve Bank of Philadelphia, Patrick Harker, said on Wednesday that the U.S. shouldn’t be the first nation to launch its digital currency payment system and lead the pack of other central banks issuing state-sponsored cryptocurrency.Harker further said that the trend of the central banks around
Read More
Two U.S. congressmen from both major political parties, French Hill (R-Ark.) and Bill Foster (D-Ill.), have written a letter to the Federal Reserve Chairman Jerome Powell, urging the central banking organization to start working on a ‘national digital currency’ in lieu of the various risks that the U.S. dollar faces.In
Read More
A $10 billion wealth advisor predicts the next Fed rate cut will launch the bitcoin price to a new yearly high. There's just one problem. | Source: Jim WATSON / AFP (i), Jan von Uxkull-Gyllenband/Shutterstock (ii). Image Edited by CCN.The Federal Reserve will hold its next policy meeting tomorrow,
Read More
Chairman of the United States Federal Reserve Jerome Powell said that the United States Federal Reserve is monitoring digital currencies carefully, but not working on its own at the moment.Speaking at a forum in Zurich, Switzerland, on Sept. 6, Powell addressed the issue of cryptocurrencies, arguing that central banks
Read More