If Congress were to authorize and the Fed were to pursue a central bank digital dollar, is there anything about that which ought to disqualify a well-regulated privately-issued stablecoin from coexist...
Tag: Digital
Does a Fed digital dollar leave any room for crypto stablecoins?
During Jerome Powell’s Jan. 11 United States Senate confirmation hearings, Sen. Patrick Toomey posed a question to the incumbent-and-future Federal Reserve chief: “If Congress were to authorize and th...
Russian Banks Begin Testing Digital Ruble Payments – Finance Bitcoin News
Banks in Russia are preparing to dive into the pilot phase of the digital ruble project and some are already testing transactions with the currency. Trials have started with customer-to-customer (C2C)...
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 ...
Pledge Finance & ZkLink Partner Brings the Next Level of Functionality to Digital Assets
As cryptocurrencies become more and more prominent and mass adoption turns from a far-off dream to a possible reality, the need for more traditional banking solutions has arisen. A staple of conventio...
Federal Reserve Drops Report Outlining Pros and Cons of Central Bank Digital Currencies
The Federal Reserve has released its anticipated report on the feasibility of issuing a central bank digital currency (CBDC) in the United States. The Fed says the report serves as the first step to d...
Citi kickstarts recruitment for top job in digital assets unit
advertisement Wall Street heavyweight Citigroup is hiring a global head of digital asset risk management, signifying the latest move in a broader strategic push toward crypto services. A post on Link...
Digital Dollar’s Benefits Could Affect Financial Stability & Privacy: US Fed
The US Federal Reserve said that the introduction of an official digital version of the U.S. dollar could benefit Americans but it may also potentially affect financial stability and privacy. Although...
The Fed opens the debate on the digital dollar
The US Federal Reserve (Fed) last Thursday published a paper entitled “Money and Payments: The US Dollar in the Age of Digital Transformation”. The paper opens an initial public debate on whether or n...
Crypto Market Needs ‘Final Flush’ Before Bearish Trend Can Reverse, Says Digital Asset Analyst Nicholas Merten
Popular crypto analyst Nicholas Merten says that the crypto market is going through a long-term consolidation, but the position of top traders indicates that there will be a reversal at the end of a “...
Nexo partners with Bakkt for digital asset custody services
Nexo, a cryptocurrency lending platform, will be partnering with Bakkt Holdings to offer digital asset custody services. Bakkt Holdings will have custody over a portion of Bitcoin and Ethereum holding...
U.S. Fed Releases New Whitepaper for CBDC Digital Dollar, Kickstarts Debate
On Tuesday, January 20, the U.S. central bank aka the Federal Reserve kickstarted the debate about the central bank digital currency (CBDC) aka Digital Dollar by releasing a new whitepaper. This is qu...
Fed calls central bank digital coin a ‘highly significant innovation’
The Federal Reserve on Thursday issued its long-awaited paper exploring the benefits and negatives of a central bank digital currency (CBDC), as the debate over cryptocurrency regulation hits its stri...
SEC USA: Verret requires regulation of digital assets
US SEC Advisory Committee member J.W. Verret, is asking the government agency to open public comment regarding the regulation of digital assets. The SEC and the regulation of digital assets in the US....
New Fed paper hints that a US CBDC could compete with ‘private digital money’
Thursday proved Fed chair Jerome Powell right in that the US central bank’s long-awaited central bank digital currency (CBDC) paper was right around the corner. The 40-page paper represents a key step...
Fed Says Digital Dollar Could ‘Fundamentally Change’ The U.S. Financial System—But It’s Not Ready To Issue One Yet
Topline The Federal Reserve on Thursday released its highly anticipated report on the prospect of minting a central bank digital currency, or CBDC—outlining potential benefits and drawbacks of what co...
Key Highlights from Fed’s Report on Digital Dollar
Alex Dovbnya The Fed says that a US CBDC might help preserve the dollar’s hegemony The U.S. Federal Reserve has released its much-awaited research paper that explores the viability of launching a cent...
Fed releases long-awaited study on a digital dollar, but doesn’t take a position yet on creating one
Federal Reserve Board Chairman Jerome Powell speaking at a re-nomination hearing of the Senate Banking, Housing and Urban Affairs Committee, on January 11, 2022, in Washington, DC. Pool / Getty The Fe...
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...
Digital Asset Banking: Traditional Allies
January 20, 2022, 1:52PM EST • 12 min read Quick Take Client demands push Wall Street investment banks to onboard new products to deliver cryptocurrency exposure BNY Mellon, Citi, J.P. Morgan, Morgan ...
Russia to Pilot Digital Ruble for Payments Between private Individuals
Jan 20, 2022 at 11:23 // News Twelve Russian banks are preparing for the first phase of testing the digital ruble. The CBDC will be available for payments between private individuals. If this ph...
Report: Google Exploring the Option to Let Users Hold Crypto on Digital Cards
Search engine juggernaut Google recently announced it is considering adding support for cryptocurrencies in its digital cards. Google Diving Deep Into the Crypto Space Per a Bloomberg report published...
Digital Yuan witnessed huge increase last year to $11.24 Billion
There was a surge in the digital currency Yuan in the previous year. Four airdrops took place last year, three of which were focused on distribution of digital Yuan for public transportation in the f...
Global Payments Division of StoneX Launches Digital Payment Initiative
Nasdaq-listed financial services provider, StoneX Group today announced that StoneX Payments, the company’s global payments division, has introduced a new digital payments initiative to facilitate its...
Google Considers Allowing Users to Store Crypto in Digital Cards (Report)
Tech mogul Google is reportedly considering to further its involvement in the field of cryptocurrencies. Google, one of the world’s biggest companies and the leading search engine, is considering to a...
Google Pay Partners With Cryptocurrency Exchanges To Accept Their Digital Cards
Another day, another massive company entering the cryptocurrency space. Google is making moves to boost up the profile of their Google Pay service, and, of course, crypto is in the mix. The company hi...
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...
MLB NFTs on Candy Digital Clock $2.7M in Marketplace Debut
The trading volume, for now, rivals that of Dapper Labs’ NBA Top Shot, which has seen roughly $2 million in sales each day of January, a representative told CoinDesk. The sales figures offer another g...