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ECB Member Isabel Schnabel: Bitcoin Is ‘Speculative,’ ‘Unlikely’ to Be Purchased by the Bank
12.1.2024
Isabel Schnabel, member of the European Central Bank (ECB) executive board, has blasted bitcoin’s characteristics, stressing that it is a speculative asset unlike central bank digital currencies (CBDC) like the proposed digital euro. Schnabel stressed it was ‘unlikely’ that...
New York Federal Reserve and US Banks Complete Programmable Dollar CBDC Test
8.7.2023
The New York Federal Reserve and a group of financial institutions announced the successful conclusion of a proof-of-concept of the Regulated Liability Network (RLN), which contemplates the introduction of a dollar-based interbank central bank digital currency (CBDC). The test concluded that, using...
Eastward: The Kotaku Review
27.9.2021
Eastward is a phenomenally constructed video game. All of its music hits. The characters are relentlessly charming. Its art and level design are nothing short of extraordinary. Disregarding a few pacing missteps, the game fires on all cylinders for its entire duration. Hell, they even put a second...
People Are Losing Their Minds Because A Socialist Streamer Bought A House
20.8.2021
Truly we live in times. Climate change marches on unchecked. The pandemic still rages. Just yesterday someone made a bomb threat outside the White House calling for “revolution.” Oh, and today some people are freaking out because socialist Twitch streamer Hasan Piker apparently bought a nearly...
When Urkel met Tanner: The 16 most ambitious crossover episodes in TV history
27.1.2021
Around the release of 2018’s Avengers: Infinity War, social media was inundated with challengers to the Marvel film’s throne as the “most ambitious crossover event in history.” These suggestions were, as tweets and Instagram memes tend to be, largely facetious, but credit where it’s due: It does...
ECB Nominee Blames Resistance to Negative Rates on Financial Illiteracy
5.12.2019
European Central Bank (ECB) executive board nominee and member of the German Council of Economic Experts, Isabel Schnabel, recently remarked at a European Parliament hearing that “This scapegoating [of the ECB] is extremely dangerous: it may damage the trust in the euro.” Schnabel...