The chief executive officer of blockchain technology company Blockstream says people are better off using fiat currencies or stablecoins than holding central bank digital currencies (CBDCs). Adam Back...
Tag: Currencies
It’s a Bear-Market Rally. Whether it Lasts Depends on the Fed.
Text size This commentary was issued recently by money managers, research firms, and market newsletter writers and has been edited by Barron’s. Powell the Volckerizer? Intraday Strategy Edge Eve...
The Dollar Uptrend Is Likely To Continue
Photographer: Dimas Ardian/Bloomberg © 2022 Bloomberg Finance LP According to the longer-term view, the dollar is likely to continue to rise. This projection is based upon the breakout that that is de...
Privately Issued, Regulated Digital Currencies Might be Beneficial, Says Australian Central Bank
A key regulator has challenged the notion that cryptocurrencies are risky investment assets. Phillip Lowe, the Australian central bank governor, said on Sunday that consumer-focused digital tokens iss...
Australian central banker says privately issued, regulated digital currencies may have benefits: Reuters
Consumer-focused digital tokens issued by private companies may be better than central bank-issued tokens if they can be properly regulated, Australia’s central bank chief said today in a panel discus...
A Strong U.S. Dollar Raises Risks for Everyone
Text size The strong dollar is especially bad news for tech companies that realize much of their profits abroad. Sean Gallup/Getty Images Nothing can stop the dollar—and until something does, expect m...
Central Bank Digital Currencies And Freedom Are Incompatible
Eswar Prasad, professor of trade policy at Cornell University, arrives for dinner during the Jackson … [+] Hole economic symposium, sponsored by the Federal Reserve Bank of Kansas City, in Moran...
Where Central Banks Have Issued Digital Currencies [Infographic]
Cryptocurrencies have seen better days. The Russian invasion of Ukraine has shattered the belief in BitcoinBTC as a safe-haven asset, and the digital currency hit a price of around $18,000 per Bitcoin...
UK, US eye central bank digital currencies and stablecoins in London meeting
The United Kingdom and the United States huddled in London this week to discuss crypto and digital asset regulation, ahead of a financial working group meeting between the two nations later this month...
Cryptocurrencies are not currencies nor a financial asset
As India continues to debate the right framework for cryptocurrency regulations, the country’s central bank has reiterated why digital assets are a risk to the financial system. The institution ackno...
African Central Banks Are testing different Digital Currencies
Following the launch of the e-Naira in Nigeria in October, several central banks in sub-Saharan Africa are investigating or testing out a digital currency. After the Bahamas, Nigeria was the second na...
Vladimir Putin predicts the world will shift reserves from Western currencies
The inflation levels globally have risen massively over the past year. According to the President of the Russian Federation, Vladimir Putin, the United States and other Western countries had caused th...
Fears Over Decentralized Digital Currencies Coming true, Says BIS
Long-held fears about decentralized digital currencies are now coming to fruition with the recent downturn of the cryptocurrency markets, according to the global umbrella body for central banks. Bitco...
BIS compares projects to transfer central bank digital currencies across borders
The Bank of International Settlements (BIS) Innovation Hub released a report Tuesday looking at four projects that examined wholesale central bank digital currency (CBDC) transfers across borders. The...
Users Can Now Buy Floki Inu With Over 90 Fiat Currencies
– Advertisement – Israel-Based EMI-licensed Fintech Company Simplex Integrates Floki Inu (FLOKI) Making It Easier to Buy FLOKI Over 90 Fiat Currencies. Now, users can buy Floki Inu (FLOK...
Vitalik Buterin Does Not Believe Crypto Could Replace Traditional Currencies
Ethereum’s Co-Founder Vitalik Buterin thinks digital assets do not have a chance to steal the supremacy of traditional currencies. Crypto Will Not ‘Take Over the World’ The global economy has not been...
Ethereum Creator Vitalik Buterin Doesn’t Expect Crypto To Replace Traditional Currencies
– Advertisement – Ethereum Creator Vitalik Buterin Doesn’t Expect Crypto To Replace Traditional Currencies. Cryptocurrencies are known to be volatile Bitcoin and Ethereum’s sell-offs wiped...
Inflation Has Become a Global Problem. Where the U.S. Ranks
David Paul Morris/Bloomberg Text size This commentary was issued recently by money managers, research firms, and market newsletter writers and has been edited by Barron’s. U.S. Gets Ranked on In...
Report: 83% of US retailers think ‘digital currencies’ will become legal tender in 10 years
? Want to work with us? CryptoSlate is hiring for a handful of positions! A new Deloitte survey has revealed that US retailers believe that crypto adoption among businesses will rise to a new high as ...
Human Rights Advocates Urge U.S. Lawmakers to Concern Crypto, Saving Crumbling Currencies
A group of human rights advocates from across the globe have written a letter to U.S. lawmakers, urging them to be concerned about the role of importance of cryptocurrencies against unstable economies...
PayPal enables transfer of digital currencies to external wallets
After rolling out the ability to buy and sell crypto on its platform in October 2020, PayPal is finally allowing users the ability to natively transfer, send and receive digital assets between PayPal ...
Central bank digital currencies could be a costly waste of time
They are seen by central banks and traditional financial organisations as the panacea for the ills within the fiat monetary system, but central bank digital currencies (CBDCs) will need to be extremel...
Ethiopia Bans Digital Currencies, Warns Citizens Against Engaging In Illegal Transactions
Ethiopia’s Central Bank has cracked the whip on digital currencies, releasing a statement terming cryptocurrencies such as bitcoin as illegal and prohibiting the use of any other currency except the B...
The fear and favoring of digital currencies
To explore the increased digitalization of the global payment system, Crypto dot com commissioned an extensive report that explores to which extent digital payments are trusted by consumers and instit...
105 Countries Are Exploring Central Bank Digital Currencies, CBDC Tracker Shows – Regulation Bitcoin News
There are now 105 countries that are exploring central bank digital currencies (CBDCs). Among them, 50 countries are in an advanced phase of digital currency exploration (development, pilot, or launch...
Bank of England Executive Says Digital Currencies Could Impact Banks
The UST crumble, coupled with the inflation, has raised concerns among experts in the crypto community. The executive director for markets at the Bank of England is of the opinion that digital currenc...
Why digital currencies could be ‘big deal’ for central bank balance sheets
A combination of “systemic” central bank digital currencies and stablecoins could significantly alter central banks’ delivery and control of monetary policy and the size and composition of their asset...
Central Bank Digital Currencies Could Kill Cryptocurrencies – Regulation Bitcoin News
Reserve Bank of India (RBI) Deputy Governor T. Rabi Sankar says central bank digital currencies could “kill whatever little case there could be” for cryptocurrencies, like bitcoin and ether. RBI’s Dep...
These Digital Currencies Are Growing Strongly
Place/Date: – June 3rd, 2022 at 10:14 am UTC · 3 min read Source: Chronoly What are the cryptocurrencies that have the potential to survive the dip that hits the crypto market in 2022? Approxima...
Central banks worried that they won’t be able to control newly emerging world currencies
Digital money, whether it be centrally controlled or private, is here to stay. The much touted central bank digital currencies (CBDCs) are in the very early stages of development, and could cause all ...