Friday, April 26, 2024
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Adopting CBDC could destabilize banks, help households, US Treasury study says

Fully integrating a stablecoin or central bank digital currency into the economy would destabilize banks but improve household welfare, a study released by a United States Treasury division has claimed. The harm to banking caused by digital currencies could be “significant” in times of stress, it found.The Office of Financial

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One in ten households in eurozone population centers now own cryptocurrency

On Tuesday, the European Central Bank, or ECB, published the results of a new survey conducted in six eurozone areas; the Netherlands, Spain, Italy, Belgium, France, and Germany. Together, approximately 10% of respondents from the surveyed countries said they own cryptocurrencies. Out of this group, only 6% of respondents said

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Grayscale finds that over 25% of US households surveyed currently own Bitcoin

According to a report published by Grayscale Investments on Monday, more than one-quarter of U.S. investors surveyed (26%) said they already own Bitcoin (BTC). Out of this group of owners, 46% and 44% also jointly held Ethereum (ETH) and Dogecoin (DOGE) in their accounts, respectively. An additional three-quarters of the

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San Jose, ‘Capital of Silicon Valley,’ Wants to Provide Internet to Low-Income Households Using Helium Mining

The California city of San Jose, sometimes called the “Capital of Silicon Valley,” plans to fund internet access for low-income families through HNT tokens mined on the Helium network, according to a city press release published on Thursday.The pilot aims to give 1,300 participating households a one-time payment of $120

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