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Two US Congressmen Urge the Federal Reserve to Consider Creating a ‘National Digital Currency’
3.10.2019
Members of the United States House of Representatives Financial Services Committee have now started to address the rise of cryptocurrencies. Two of U.S. Congressmen have asked the Federal Reserve of future plans to launch a digital version of the U.S. dollar. In a letter sent on Monday to...
Mark Cuban Thinks Bitcoin as Less Useful Than Both Bananas and Baseball Cards
3.10.2019
In the global financial ecosystem, cryptocurrencies especially Bitcoin has evolved as a lucrative yet controversial element that has brought the biggest names of the industry running after it. While Facebook’s leader Mark Zuckerberg is ready to replace Bitcoin with his stablecoin Libra, Jack Dorsey...
Facebook’s Libra Nodes Are Live on ‘Pre-Mainnet’, Roadmap Confirms
3.10.2019
Facebook’s Libra devs unveil their latest step to formal launch
US Lawmakers Ask Federal Reserve About National Digital Currency
3.10.2019
U.S. Representatives French Hill and Bill Foster have asked the Federal Reserve whether it will consider launching a national digital currency
US Congressmen Ask Fed to Consider Developing ‘National Digital Currency’
3.10.2019
"We are concerned that the primacy of the U.S. Dollar could be in long-term jeopardy from wide adoption of digital fiat currencies."
New Evidence Escalates Panic as RBI Still Limits Bank Withdrawals
2.10.2019
Customers of a cooperative bank with 137 branches across India still do not know the fate of their money, which was restricted by the central bank. Evidence of alleged bank fraud has since surfaced, but the RBI still insists that India’s banking system is safe, despite many citizens being...
How G20 Central Bank Digital Currencies Are Progressing
2.10.2019
Central bank digital currency has become a hot topic among finance ministers and central bankers worldwide, with some G20 countries ahead of the rest on work done toward issuing their own digital currencies. Experts have weighed in on their expectations of when the first G20 digital currency will...
Market Outlook: A Few Cryptocurrencies Rebound While Fear Grips Central Banks
1.10.2019
In the last 48 hours, digital currency markets have rebounded after some bearish price dips last week. After losing $35 billion in a short period of time, most crypto markets have been gradually healing and the overall market valuation of the cryptoconomy has clawed back at least 50-60% of...
JPMorgan, Intel Alums Launch Revenue-Sharing Stablecoin USDD
1.10.2019
A dollar-backed stablecoin with a twist: revenue-sharing with the institutions that use it
The Government of Ukraine Prepares to Legalize Digital Currency
30.9.2019
According to Ukraine’s local media outlet Ligamedia reports, the government of Ukraine is preparing to legalize digital currency. The move, when it takes place, will play a significant role in giving the nation’s modernization efforts a big boost. At present, digital currencies are not prohibited...
Massive Layoffs: Banks Cutting Nearly 60,000 Jobs Worldwide
30.9.2019
Banks are laying off workers across the globe as revenue declines throughout the sector. According to reports, banks have announced nearly 60,000 job cuts so far this year, with most of the layoffs happening in Europe, especially in Germany. Also read: Panic at 137 Bank Branches as RBI Limits...
People Will Choose A Currency That Government Can’t Control: Pompliano
27.9.2019
All money will be digital, and the competition will be between monetary policies: Pompliano
ING’s Chief Economist Predicts Central Bank Digital Currencies in 2-3 Years
27.9.2019
Dutch bank ING's chief economist has said Facebook's Libra is pressuring central banks to launch their own digital currencies
Protests Led RBI to Raise PMC Bank’s Withdrawal Limit
27.9.2019
The Reserve Bank of India has relaxed the withdrawal limit of 1,000 rupees (approximately $14) it placed on a cooperative bank a couple of days ago. The central bank said it aims to reduce the hardship of depositors after many heavy protests followed its original order. Also read: Panic at 137 Bank...
Zuckerberg: ‘Sensitive for Society’ Libra Crypto Has No Launch Date
26.9.2019
Facebook CEO: “We’ve changed” when it comes to Libra
Market Outlook: Traders Play New Positions After Massive Drop in Crypto Prices
25.9.2019
On September 24, digital currency markets saw significant losses as the entire cryptoconomy lost $35 billion in a short period of time. Cryptocurrency enthusiasts and traders are now even more uncertain to where markets are headed in the short term. The sudden sell-off that took place on Wednesday...
Panic at 137 Bank Branches as RBI Limits Withdrawals to ₹1,000
25.9.2019
The Reserve Bank of India has imposed regulatory restrictions on a cooperative bank with 137 branches across India, including limiting customer withdrawals to a total of 1,000 rupees (approximately $14) per account for six months. Police personnel had to be deployed to control angry customers...
Market Update: Low Volumes and Uncertainty Shake Crypto Traders
24.9.2019
The majority of digital currency markets have lost a few percentages over the last few days as cryptocurrency trade volume has been waning. Since our last market outlook, more than $20 billion in global trade volume disappeared and this Tuesday’s market data shows there’s only...
bitFlyer USA and Europe to Add New Altcoins on Its Buy/Sell Platform
24.9.2019
bitFlyer, digital currency exchange based in Tokyo, has announced its decision of including new altcoins on its Buy/Sell platform. The exchange, in its announcement dated September 24, 2019, revealed that the move would benefit the Buy/Sell users from all across the United States and Europe....
Major German Stock Exchange Group Launches Crypto Trading
24.9.2019
Boerse Stuttgart Group, which operates Germany’s second-largest stock exchange, has launched a regulated crypto trading platform, in partnership with Solarisbank. Customers can connect directly to the new exchange and trade bitcoin against the euro without a broker. Also read: Indian...