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Atlantic Council: Belief That Dollar Does Not Need to Innovate Is a ‘Miscalculation’
29.1.2024
The U.S. Federal Reserve is lagging behind its peers like the Bank of China in terms of the resources and manpower dedicated to developing a central bank digital currency. According to a blog post, the belief that the dollar does not need to innovate is a miscalculation. An expert argued that...
Bitcoin Magazine Clashes With Federal Reserve Over Satirical ‘Fednow’ Merchandise
3.11.2023
According to Bitcoin Magazine, a media outlet dedicated to bitcoin news launched in 2012, representatives, including legal counsel, from the U.S. Federal Reserve have expressed concerns regarding the publication’s satirical Fednow merchandise. The Fed’s representatives assert that...
Bitcoin Magazine claims Fed accused it of trademark violation for t-shirts
3.11.2023
Crypto publication Bitcoin Magazine claims it has been threatened with legal action over “FedNow” t-shirts, hats, and other items
U.S. Fed’s Vice Chair Barr Says CBDC Decision Still a ‘Long Way’ Off
8.9.2023
The U.S. is far from making any decision on a central bank digital currency (CBDC), said Federal Reserve Vice Chairman Michael Barr, who described the Fed as still being in the “basic research” phase
Bank of America Assesses Significance of Paypal’s USD Stablecoin and Fednow System
16.8.2023
Bank of America has provided its analysis of Paypal’s U.S. dollar stablecoin and the Fednow payments system. The bank does not expect the widespread adoption of PYUSD to occur in the near future, noting that the introduction of Paypal’s stablecoin will not lead to “accelerated...
Hedera Hashgraph's Dropp Integrated with FedNow, HBAR Price Rallies 15%
14.8.2023
HBAR, the token that powers Hedera Hashgraph’s decentralized, open-source, proof-of-stake public ledger that utilizes the leaderless, asynchronous Byzantine Fault Tolerance (aBFT) hashgraph consensus algorithm, has been pumping on Monday.
One of its decentralized applications (dApps) Dropp...
FedNow showcases DLT-powered payments system as service provider
14.8.2023
The Federal Reserve wrote that they do not support or endorse any showcase providers that are featured on its website
Fresh Speculation Arises as US Federal Reserve Debuts FedNow Instant Payments Service
24.7.2023
The US Federal Reserve recently unveiled the FedNow Service system to facilitate instant payments; however, experts warn that the system might become a precursor to the infrastructure for a central bank digital currency (CBDC)....
Read More: Fresh Speculation Arises as US Federal Reserve Debuts...
Federal Reserve’s ‘FedNow’ Launch Triggers Fresh Speculation Over Digital Dollar
21.7.2023
The U.S. Federal Reserve denies that its new instant payments service, FedNow, is in any way tied to the digital asset space. But experts say the new system could lay the groundwork for the infrastructure needed for a potential central bank digital currency (CBDC) in the U.S. And so this week’s...
Federal Reserve Launches Fednow for Instant Payments — JPMorgan, Wells Fargo, and 33 Banks Onboard
21.7.2023
The Federal Reserve has launched its Fednow Service for instant payments with 35 participating banks and credit unions, as well as 16 service providers. “The Federal Reserve is committed to working with the more than 9,000 banks and credit unions across the country to support the widespread...
Fed Dramatically Speeds Up U.S. Payments With 'FedNow' Service, but Downplays Any Tie to CBDCs
20.7.2023
Some argue it would weaken crypto’s payments use case or form a bridge to a digital dollar
US Representative Warren Davidson: ‘CBDC Corrupts Money Into a Tool for Coercion’
5.7.2023
Warren Davidson, U.S. representative and part of the House Committee on Financial Services, has disregarded issuing a central bank digital currency (CBDC) in the country. Davidson explained that CBDCs corrupt money into a “tool for coercion” and detailed that there was no legal way...
FedNow “early adopter” list contains no blockchains, but some may integrate later
1.7.2023
Two blockchain networks had previously announced integration with the Fed’s instant payment service, but they were not found on a new list of certified providers
Is Fednow the First Step Towards a Central Bank Digital Currency? Speculations Rise Ahead of Launch
30.6.2023
In recent days, there has been a buzz surrounding the upcoming debut of the U.S. Federal Reserve’s Fednow project, slated for July 1, 2023. The discussions surrounding this topic have sparked speculation about whether this marks the central bank’s inaugural foray into a central bank...
Privacy should be considered in ‘potential retail CBDC’ — Treasury official
14.6.2023
U.S. Treasury official Graham Steele told an audience at a Texas payments conference that a future CBDC in America should consider anonymity
CBDC Debate Heats Up: BIS Project Sparks Controversy Among Critics; Lynette Zang Warns of Dangers of CBDCs
16.4.2023
During the weekend, discussions about central bank digital currencies, or CBDCs, trended on social media as many people believe the idea will result in increased financial surveillance and a totalitarian monetary system. In a recent interview, Lynette Zang, the chief market analyst at ITM Trading...
US Presidential Candidate RFK Jr. Says Bitcoin Provides An ‘Escape Route’ From Financial Turmoil
11.4.2023
On Monday, Robert F. Kennedy Jr. once again cautioned the public to be wary of central bank digital currencies (CBDCs), and he insisted that the Biden administration has launched a “steady barrage of hostile broadsides against cryptocurrencies.” Kennedy, who recently filed to run...
Presidential hopefuls RFK Jr. and DeSantis rally against FedNow
11.4.2023
The two presidential hopefuls are of the opinion that FedNow is the first step in launching a CBDC that threatens privacy and autonomy
‘Not Related to a Digital Currency’ — US Central Bank Addresses Concerns Over Fednow Payment Network
9.4.2023
The U.S. Central Bank has issued an update regarding the Federal Reserve’s Fednow project, which is scheduled to commence in July. The Fed has responded to recent criticism of the Fednow service and asserts that the Fednow payment network is “neither a form of currency nor a step toward...
Robert Kennedy Jr: Government Could Ban, Seize Bitcoin — CBDCs Could Lead to Financial Slavery, Political Tyranny
8.4.2023
Presidential hopeful Robert F. Kennedy Jr. has issued a warning regarding the Federal Reserve’s new Fednow system and the potential risks of central bank digital currencies leading to financial slavery and political tyranny. He additionally warned: “We should not be blind to the obvious danger that...