Cryptocurrencies are an asset class like gold and silver, American Express chairman and CEO American Express chairman and CEO said. “What I’ve said from the beginning is that cryptocurrenc...
Tag: Currency
IMF Urges El Salvador to Drop Bitcoin as Currency, Citing Financial Stability Risks
The International Monetary Fund is urging El Salvador to stop using Bitcoin as legal tender citing financial stability risks. In a statement on Jan 25, the IMF acknowledged that El Salvador is “reboun...
Myanmar Military Government Proposes to Jail Digital Currency and VPN Users – Regulation Bitcoin News
Myanmar’s military-ruled government is proposing to enact laws that will see users of virtual private networks (VPN) and digital currencies being jailed for up to three years. In addition, offenders w...
U.S. Digital Currency Could Preserve Dollar Supremacy: Bank of America
In brief The Bank of America has spoken about the benefits of a U.S. central bank digital currency in a new report. It said one could be released as soon as 2025. Central bank digital currencies are &...
Bank of America Says US CBDC Would Preserve Dollar’s Status as World’s Reserve Currency
Stablecoins are likely to see an increase in usage in the absence of CBDCs, the bank noted, adding that the two largest by market value, tether and USD coin, had a combined market value of around $121...
Iran to Pilot National Cryptocurrency & Digital Currency Project
Central Bank of Iran plans to launch its digital currency project Iranian CBDC has been designed using the Hyperledger Fabric platform Experts suggest that Iran’s capital market should genuinely consi...
Important Disclosure About CoinDesk and Digital Currency Group
In 2022, CoinDesk is rolling out a program whereby certain high-performing employees throughout the ranks, most of whom have been here more than a year, receive stock appreciation rights (SAR) in DCG ...
Federal Reserve publishes long-awaited central bank digital currency report
The US Fed’s long-awaited report on central bank digital currencies dropped Thursday afternoon. Framed as a discussion paper, the Fed notes in its introduction release that it “examines th...
China’s Central Bank Digital Currency Now Has 261 Million Users — $14 Billion in Digital Yuan Transactions Made – Regulation Bitcoin News
China’s central bank digital currency now has 261 million unique users, according to an official of the central bank, the People’s Bank of China (PBOC). Furthermore, transactions worth 87.5 billion yu...
Iran to reportedly pilot central bank digital currency soon
The Central Bank of Iran (CBI) is reportedly planning to launch a central bank digital currency (CBDC) pilot soon. According to a report by the Iranian Labour News Agency, the CBI vice governor said t...
Acting Comptroller of the Currency calls for collaboration in the crypto sector
The Acting Comptroller of the Currency, Michael J. Hsu, has pointed to the need for collaborations in the cryptocurrency sector. Hsu noted that large players in the crypto sector needed to work togeth...
Central Bank of Malaysia is Testing Efficiency of a Central Bank Digital Currency (CBDC)
Central Bank of Malaysia, also known as Bank Negara Malaysia (BNM), recently replied to a query from Bloomberg about testing a Central Bank Digital Currency (CBDC). BNM is studying the usefulness of c...
As Russia-Ukraine Tensions Heat Up, Russian Stocks and Currency Take Big Hits
Russia’s stocks continue to sink as Russian-Western diplomatic talks ended without visible progress. NATALIA KOLESNIKOVA/AFP/Getty Image Text size Russia is a screaming buy, if you forget about the li...
Vitalik Buterin holds Twitter poll on which currency should succeed Ethereum
In an unexpected Twitter poll, Vitalik Buterin asked the ETH community which currency they want to dominate in 2035 if it isn’t Ethereum. “Poll for Ethereum community. You wake up in 2035, and 80% of ...
What Is Crypto? A Look At Meme Currency With Shiba Inu And HUH Token
Cryptocurrency doesn’t seem to have been around for that long, but as I glance back at the plethora of cryptos on Coinmarketcap.com, The Times Newspaper of a crypto fanatic, it’s no wonder that from 2...
US Lawmaker Launches Bill to Prohibit the Fed From Issuing Digital Currency Directly to Individuals – Regulation Bitcoin News
A U.S. lawmaker has introduced a bill in Congress to prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals. “It is important to note that the Fed doe...
Fed Chair Jerome Powell Set to Release Digital Currency Report
Jerome Powell has assured members of the United States Congress that the highly anticipated report on digital currencies will finally be released in the coming weeks. The Federal Reserve has yet to de...
Bill Seeks to Ban Fed From Issuing Digital Currency to Consumers
In brief A proposed law would bar the Fed from giving CBDC accounts to consumers. The bill’s sponsor Rep Tom Emmer says CBDCs pose a threat to privacy. Rep. Tom Emmer (R-MN) proposed a law on We...
PaySafe Study Revealed Crypto Currency Believer Statistics- Men Keener Than Women
A study has been conducted by PaySafe, which was authorized to conduct around October 2021 and was carried out by Sapio Research. The study highlighted facts about individuals who believe crypto payme...
CryptoVegas Announced USDT Coin as a New Betting Currency
11th of January 2022, CryptoVegas announced USDT trc-20 as a new deposit method on their platform. Issued by Tether in 2012 as a pioneering concept USDT stable coin, nowadays interacts as a bridge bet...
Ether Prices Bounced Back Today—What’s Next For The Digital Currency?
Ether prices climbed earlier today and have retained most of their gains. (Photo Illustration by … [+] Mateusz Slodkowski/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Ge...
Iran to Allow Digital Currency Payments for International Trade
Iran is notably about to double down on its love for digital currencies as a local media platform, Mehr News reports the country is on track to accept cryptocurrencies for international trade transact...
US lawmaker hints at upcoming crypto legislation as Jerome Powell says Fed will release report on digital currency soon
At his confirmation hearing in front of members of the Senate Banking Committee, Federal Reserve chair Jerome Powell said the agency would be releasing its report on cryptocurrencies “within weeks.” A...
Powell Says Fed Report on Crypto, Central Bank Digital Currency Is ‘Ready to Go’
The Federal Reserve’s much-anticipated crypto report is “ready to go” and will come out “in the coming weeks,” according to Fed Chair Jay Powell. The remarks came during ...
Peter Marton Joins NYSDFS as Virtual Currency Chief
New York State Department of Financial Services (NYSDFS) has recently hired Peter Marton, former Direct Digital Assets at Promontory Financial Group, as its next Deputy Superintendent of Virtual Curre...
Digital Currency and the Financial Inclusion Drive: The Journey So Far
It is largely believed that one of the primary reasons Satoshi Nakamoto invented Bitcoin (BTC) was to solve the financial inequality amongst people. The design of the digital currency and the blockcha...
Dogecoin As The Official Currency Of Mars? Elon Musk Ponders ⋆ ZyCrypto
Advertisement     Musk reveals that DOGE, more than any other crypto, checks out as a currency. He likes Dogecoin as the currency of Mars but says it is up to the peo...