Cryptocurrency Analysis and News Portal
Turkey’s state-sponsored outlet Resmi Gazete, which regularly announces details of new legislation and publishes official announcements of the Turkish government, released a document detailing the progress of the digital Lira.The document was published early this week and affirms that the initial trials of the new digital currency would be conducted
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The United States national debt is now over $23 trillion, according to website U.S Debt Clock.It is also worth noting that the debt per United States citizen is $69,724 and that the debt to gross domestic product ratio is 106.65%.The milestone has been pointed out on Nov. 1 by
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New England-based blockchain firm SimplyVital Health, Inc. has received a $225,000 grant from the United States National Science Foundation (NSF) to research integration of its protocol Nexus with the Graphene protocol.The NSF awarded the grant as part of its Small Business Programs, which contributes $200 million annually to innovative
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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
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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
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Members of the United States House of Representatives Financial Services Committee asked the Federal Reserve whether there are any plans of launching a U.S. dollar digital currency.Fed has the mandate to develop a national digital currencyIn a Sept. 30 letter to Federal Reserve Board Chairman Jerome Powell, U.S. Representatives
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It seems that a movement to create a national cryptocurrency is gaining momentum in Asia. Following China, the North Korean authorities announced their readiness to issue digital money and even indicated the availability of all required resources — both technical and human — to implement this task. Will the government
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The Turkish government announced its plan to establish a national blockchain infrastructure to utilize distributed ledger technology (DLT) in public administration.The Republic of Turkey’s Ministry of Industry and Technology announced plans for a "National Blockchain Infrastructure" during its Strategy 2023 presentation on Sept. 18 in Ankara, Turkey.Strategy 2023 emphasizes blockchain
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Swiss National Bank (SNB) President Thomas Jordan said that stablecoins pegged to foreign currencies could hamper Switzerland’s monetary policy in some circumstances.Cryptocurrencies’ limited use as payment instrumentsOn Sept. 5, Jordan spoke at the University of Basel, saying that he is convinced that cryptocurrencies are of limited use as payment
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An official from the Marshall Islands has published an essay explaining the country’s national cryptocurrency project ahead of the Invest: Asia 2019 conference.The issuance of the Marshallese sovereign (SOV) was discussed in an essay by The Honorable David Paul — Minister In-Assistance to the President and Environment of the
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