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Crypto News Roundup for Feb. 13, 2020
13.2.2020
With bitcoin bouncing off $10,500, Markets Daily is back with another time-saving crypto update
Bitcoin and Cryptocurrency Are ‘Like a Giant Garbage Dumpster,’ Says Minneapolis Federal Reserve President
13.2.2020
The president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, said on Tuesday that bitcoin and other cryptocurrencies are “like a giant garbage dumpster.” He would rather his one-year-old daughter have a low yielding Treasury bond than a bitcoin, emphasizing that...
Could a Digital Dollar Compete on Privacy? Fed Chairman Powell Hints It Might
13.2.2020
Fed Chairman Powell has given financial privacy advocates a glimmer of hope – and hinted at how the U.S. might competitively position a digitized dollar
Conservative U.S. Think Tank Denies Need for Federal Digital Currency
12.2.2020
The government should ensure consumers can use the preferred currency instead of launching a digital currency, according to U.S. think tank the Heritage Foundation
Fed Chair Powell Reveals US Response to China’s Digital Yuan, Libra, Public Payments Ledger
12.2.2020
In his testimony before the House Financial Services Committee, Federal Reserve Chairman Jerome Powell answered a number of questions regarding digital currencies. While stating that “a ledger where you know everybody’s payments” is not a problem in China, he believes it is...
Bitcoin Hits 5-Month High Following Fed Chair Powell’s Privacy Praise
12.2.2020
Bitcoin’s price is trending solidly back above the 5-digit figure mark
Facebook, China Light Flame Under Fed: Governor Cites Stablecoins Influencing Digital Dollar Research
9.2.2020
At the recent Symposium for Future Payments held in Stanford, California on February 5, Federal Reserve Governor Lael Brainard stressed the importance of remaining “on the frontier of research and policy development regarding CBDC.” The position seems a contrast to the narrative in 2018...
The Federal Reserve Has Its ‘Come to Satoshi’ Moment
6.2.2020
Shifting a stance of mostly ignoring CBDCs, a Federal Reserve governor says the Fed is now actively studying the possibility of a US digital currency
Fed Reserve Is Researching DLT-Based Digital Dollar, Says Governor
6.2.2020
Lael Brainard said in a speech that the Fed is looking at digital ledger use cases including for a possible central bank digital currency
US Fed Is Exploring Potential for Digital Currency, Says Board Member
6.2.2020
Fed board member Lael Brainard says the institution must remain on the frontier of central bank digital currency research and policy development
Hierarchies of Money: Why You Use Bank Money But the Bank Wants Reserve Currency
31.1.2020
While people tend to think of money as being all the same, the fact is governments and banks use different types of money than the everyday individual. From the top of the economic pyramid of world reserve currencies, down through central bank and commercial bank money, the capacities and function...
Crypto Exchange Zebpay Announces Relaunch in India Ahead of Supreme Court Decision on RBI Ban
30.1.2020
Zebpay is returning to India more than a year after closing down local crypto exchange operations due to the banking ban imposed by the central bank, the Reserve Bank of India (RBI). Under a new leadership team, the exchange has also revealed a number of upcoming new services, including...
India Unveils National Blockchain Strategy, Calling on RBI to Issue Digital Currency
29.1.2020
India’s National Strategy on Blockchain has been published. It recommends, among other things, for the Reserve Bank of India (RBI) to issue a central bank digital currency. The Ministry of Electronics and Information Technology tasked the National Institute for Smart Government with drafting...
Draft of India’s National DLT Strategy Calls for State-Run Digital Rupee
28.1.2020
A draft of an Indian national blockchain strategy suggests the development of a digital rupee on a permission public blockchain
Hearing Concluded: Indian Supreme Court Deliberates on Crypto vs RBI Case
28.1.2020
The Indian supreme court has finished hearing the crypto vs. Reserve Bank of India (RBI) case. The hearing concluded on Tuesday with the counsel for the Internet and Mobile Association of India wrapping up his arguments, followed by arguments by the counsel representing crypto exchanges. The court...
Indian PM Awards Crypto App Creator as Supreme Court Deliberates on Ban
26.1.2020
Indian Prime Minister Narendra Modi has awarded a young crypto app creator Harshita Arora, with a prize recognizing her excellence in innovation
Indian Prime Minister Modi Awards Young Entrepreneur for Cryptocurrency App
26.1.2020
India’s Prime Minister Narendra Modi has awarded a young entrepreneur for her cryptocurrency price tracking application while the government is still deliberating on the country’s crypto policies. News.Bitcoin.com caught up with the award recipient to find out more about her app....
Independent Reserve Expands its Trading Services in Singapore
25.1.2020
The CEO and Founder of the Sydney based cryptocurrency exchange Independent Reserve, Adrian Przelozny, declared recently that they are expanding their trading services to the users in Singapore. Further, the residents of Singapore will now be able to purchase, sell, and trade cryptocurrencies...
Major Australian Exchange Expands to Singapore for Crypto-Friendly Regs
24.1.2020
Independent Reserve will expand to Singapore to take advantage of its "overwhelmingly positive" regulatory response
Major Australian Exchange Expands to Singapore for Crypto-Friendly Regs
24.1.2020
Independent Reserve will expand to Singapore to take advantage of its "overwhelmingly positive" regulatory response