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Second Stimulus Checks: New Proposal Taps Unused Fed Funds, Lawmakers Call for Relief Now
23.11.2020
Americans are anxiously waiting to hear if they will receive a second round of stimulus checks as many are suffering due to the coronavirus-led economic crisis. Treasury Secretary Steven Mnuchin has a new proposal to immediately provide relief aid, while Nancy Pelosi has been discussing stimulus...
Morgan Creek CEO Says Bitcoin Doing ‘Extremely Well’ Due to Fed Reserve’s Dollar Devaluation
20.11.2020
CEO Mark Yusko said "zombie companies" left the Fed no choice but to devalue the dollar, prompting investors to turn to bitcoin and gold
‘Control the Pandemic’ – Fed Chair Jerome Powell Predicts the Entry of a ‘Different Economy’
19.11.2020
Federal Reserve Chair Jerome Powell told participants at the Bay Area Council Business Hall of Fame Awards Ceremony on Tuesday that the economy will never be the same after Covid-19. According to Powell, the use of accelerated technology will change the way the global economy operates as...
Privacy should be at the core of CBDCs, says Boston Fed research director
13.11.2020
Privacy should be a key talking point from the beginning of CBDC development
Printing $1.7 Trillion for Climate Change: How Joe Biden’s Administration Aims to Push the ‘Green New Deal’
13.11.2020
In 2020, the U.S. Federal Reserve has injected an enormous amount of U.S. dollars to special interests in the banking sector in order to combat the economic effects stemming from the coronavirus outbreak. This week the central bank published its financial stability report and the Fed discussed...
First Mover: Why the Fed Cares About Remote Working – And What It Means for Bitcoin
13.11.2020
The potential economic impact of a shift to widespread remote working is a matter of risk management: Authorities should be mapping out scenarios
[článek] Co by mohl přinést „digitální dolar“? Americký Fed zkoumal digitální měny centrálních bank
12.11.2020
[8 minut čtení] Digitální měny centrálních bank pomalu přestávají plnit roli intelektuálních cvičení, a začínají mít čím dál tím hmatatelnější podobu. Americký Federální rezervní systém (Fed) pověřil své ekonomky Francescu Carapellu a Jeanu Flemming, aby prozkoumaly dostupnou vědeckou literaturu...
'The Most Crucial Question' on Digital Dollar According to Fed
10.11.2020
Economists at the Federal Reserve, the United States’ central bank, have concluded that research into central bank digital currencies (CBDCs) fails to show that CBDCs are a silver bullet, leaving “many questions” to be answered – another hint that the Fed will not be rushed into the issuance of...
US Fed economists are exploring the “intrinsic” value drivers of CBDCs
9.11.2020
Fed economists are beginning their deep dive into CBDC research, hoping to identify the “intrinsic" value drivers of a digital dollar
Fed calling for more stimulus is 'code for buy Bitcoin,' says Winklevoss
6.11.2020
Jerome Powell says Congress should agree further fiscal stimulus as U.S. public debt tops $27.2 trillion
First Mover: Bitcoin Likes Biden (and Fed’s Powell) as Price Approaches $15K
5.11.2020
The Federal Reserve, established as lender of last resort to banks, looks to be stimulus provider of last resort with U.S. government divided
Federal Reserve Staff Sluiced Wall Street Bankers With Trillions From the Comfort of Their Mansions
3.11.2020
While American citizens wait for bureaucrats to pass a new coronavirus relief package, the Federal Reserve has continued to serve corporate interests and the banking cartel. Behind the curtains from the comfort of their own mansions, members of the Fed have given more stimulus to crony Wall Street...
Court Filing Accuses Bitmex Cofounders of ‘Looting’ $440 Million Before the Fed Crackdown
2.11.2020
A civil lawsuit has been filed against the firm HDR Global Trading Limited, the parent company of the exchange Bitmex, alongside the three cofounders Arthur Hayes, Ben Delo, and Samuel Reed. Plaintiffs allege “the defendants’ Hayes, Delo, and Reed looted about $440,308,400 of proceeds...
OCC’s Brian Brooks Against Government Issued Digital Dollar – Supports Regulation of Privately Issued Stablecoins
31.10.2020
The acting director of the U.S. Office Comptroller of Currency (OCC) Brian Brooks says the creation of the U.S. digital dollar is a terrible one because the government is not good at building things. Instead, Brooks believes tech companies, which already possess the know-how, to be in a better...
US Charges Stanford Crypto Group Director With Defrauding His Former Employer – the Fed
29.10.2020
Lawrence Rufrano allegedly hid his work at Stanford and blockchain startup Factom from disability benefits regulators
13 Things Fed Should Mull Over Before a Digital Dollar Launch
27.10.2020
The US Federal Reserve should look into more than a dozen major matters before launching its central bank digital currency (CBDC), a digital dollar, including safety, fairness, inclusion, interoperability, and resilience among others, found Global Digital Finance (GDF), an industry body working...
US Government Agencies Propose Changes to Funds Transfer Rules-Seek to Broaden Definition of Money to Include Cryptocurrencies
25.10.2020
The U.S. Federal Reserve Board and Fincen are seeking feedback on their proposal to lower the threshold at which financial institutions must collect and retain information on funds transfers. In their joint notice on the rule change proposal, the two U.S. agencies want a new threshold...
US Moves to Cast a Wider Net for Catching Money Launderers, Crypto or Otherwise
23.10.2020
The Fed and the Financial Crimes Enforcement Network want to lower the threshold for reporting financial transactions and make sure crypto is included
Monetary Stability: The IMF and Fed Chair Jerome Powell Discuss Digital Currency Implications
19.10.2020
On Monday, the International Monetary Fund (IMF) published a report on crypto assets like central bank digital currencies (CBDCs) and global stablecoins (GSCs). Moreover, the IMF also hosted a virtual panel that discussed digital currencies and cross-border payments with the Federal Reserve Chair...
Better to get it right than to be first with CBDC, says US Fed chair
19.10.2020
The U.S. already has a “safe and active dynamic domestic payment system,” Powell argued