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US Federal Reserve bank at the helm of CBDC research effort appoints new president
10.2.2022
Susan M. Collins is set to become the first Black woman to head a Federal Reserve Bank
Federal Reserve Bank of Boston and MIT Release Central Bank Digital Currency Research and Open-Source Code
5.2.2022
The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) have jointly published the initial findings of their central bank digital currency (CBDC) research. They also published the open-source code for the CBDC project. Boston Fed and MIT Publish Initial Findings...
Let's Meet The Board Members Supporting Besieged Activision Blizzard CEO Bobby Kotick
18.11.2021
Activision Blizzard has had a nightmarish 2021, with historic allegations of harassment causing enormous upheaval at the company, several high-profile lawsuits and the departure (or firings) of many key executives and developers. You would think that this mess would fall at the feet of...
Federal Reserve Bank President: Bitcoin Has No Legit Use Case — Crypto Is 95% Fraud, Hype, Noise, Confusion
19.8.2021
Minneapolis Federal Reserve President Neel Kashkari says crypto is “95% fraud, hype, noise, and confusion.” He added, “I’ve not seen any use case other than funding illicit activities like drugs and prostitution.” Federal Reserve Bank of Minneapolis’ President...
US Consumers Expect Inflation to Continue Rising Sharply According to the Fed’s Latest Survey
10.8.2021
The Federal Reserve Bank of New York published the Survey of Consumer Expectations report on Monday, which shows U.S. consumers are expecting short-term inflation levels to be higher than usual. Meanwhile, the report also shows American consumers’ expectations of long-term inflation have...
Federal Reserve Bank President Says Most Cryptocurrencies Are Worthless
27.5.2021
The president of the Federal Reserve Bank of St. Louis, James Bullard, says that most cryptocurrencies are “worthless.” He noted that if “cryptocurrency can facilitate transactions that are difficult to make in conventional currencies, then they will have a purpose and might...
Federal Reserve Bank Presidents: Cryptocurrency Sell-off Not a Systematic Concern, Does Not Affect Fed Policy
19.5.2021
Cryptocurrency sell-off is not a systematic concern for the Fed and does not affect Fed’s policies, two Federal Reserve Bank presidents said Wednesday. “We are all quite aware that crypto can be very volatile,” said the president of the Federal Reserve Bank of St. Louis. Crypto...
Federal Reserve Bank Paper: DeFi May Cause a Paradigm Shift
6.5.2021
The world is moving towards complete digitization, and measures like DeFi and cryptocurrencies play a big part in it. Ethereum is major crypto, and even the Federal Reserve Bank proved it as well. The institution recently released a paper stating how Ethereum will help the DeFi sector...
‘DeFi may lead to a paradigm shift’ says Federal Reserve Bank paper
5.5.2021
Ethereum has unleashed a wave of financial innovation
Federal Reserve Bank President Says Bitcoin Is Clearly a Store of Value
20.4.2021
The Federal Reserve Bank of Dallas president says bitcoin is clearly “a store of value.” Emphasizing the differences between cryptocurrencies, like bitcoin, and central bank digital currencies, he said the latter “won’t necessarily be a store of value.” Fed Bank Chief...
The Fed Plans to Unveil Digital Dollar Prototypes in July
28.3.2021
The Federal Reserve is actively working on a central bank digital currency and some prototypes are near completion. The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) plan to unveil two prototypes of a digital dollar as early as July. Digital Dollar Prototypes...
Federal Reserve Appoints Pro-Bitcoin Chief Innovation Officer
23.2.2021
A pro-bitcoin head of digital assets from TD Ameritrade has been appointed as the Federal Reserve System’s chief innovation officer. This is “a new role in which she will lead efforts to identify, research, enable and advocate for new technologies,” the Fed explained....
Federal Reserve Bank President James Bullard Confident Bitcoin Not a Threat to US Dollar
21.2.2021
The president of the Federal Reserve Bank of St. Louis, James Bullard, has shared his view on the future of bitcoin. He is confident that the cryptocurrency poses no threat to the U.S. dollar. Referencing the unpopularity of various versions of dollars issued before the Civil War by banks, Bullard...
ECB’s Lagarde Has ‘Hunch’ Digital Euro Will Launch in 2-4 Years
12.11.2020
ECB President Christine Lagarde says the impetus for a central bank digital currency could come from the need to facilitate cross-border finance
US Federal Reserve Actively Working on Digital Dollar
26.9.2020
The Federal Reserve Board of Governors and several Federal Reserve Banks are actively working on the digital dollar. Legislation has proposed that each American could have an account at the Fed for transacting in the central bank digital currency. Several Digital Dollar Initiatives The president...
Federal Reserve Bank reveals details of digital dollar research
24.9.2020
The Federal Reserve Bank has been exploring digital currencies to modernize the U.S. payments sector
Boston’s Federal Reserve Bank and MIT to Tackle Digital Currency Research
14.8.2020
Fed Governor Lael Brainard shares updates about the U.S. digital currency initiative and why it is crucial to understand CBDCs
Boston Fed Wants to Hire a Digital Currency Engineer
23.7.2020
The one-year position will work on the Applied Fintech Research team's digital currency experiments
Smoke and Mirrors as Mainstream Banks Discourage Clients From Crypto
19.5.2020
A data-based approach to cryptocurrency investment shows promise, so why are investment advisors at top firms still pushing clients away?
Federal Reserve Index: The US Is Already in Recession
21.4.2020
The Federal Reserve Bank of Chicago’s monthly index has plunged, suggesting that the U.S. has entered a recession. The index is designed to gauge the overall U.S. economic activity and inflationary pressure. It is a weighted average of 85 monthly indicators. Fed Index Suggests the US Already...