CBDC’s and currencies such as Facebook’s Libra could force the U.S. to adapt to save its spot as the world’s leading currency, ING economist Carlo Cocuzzo explained. As multiple countries and entities weigh the validity of a central bank digital currency the physical United States dollar still sits in a place of dominance — but…
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Blockchain integration into the banking industry will raise the quality of banking services and improve the customer experience. Your bank, no matter how neo or how challenger, can’t bank Bitcoin (BTC). They could bank blockchain companies, adding value and providing services for the space, which would be good for both the bank and the clients,…
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Traders are overwhelmingly betting on a dramatic short-term rate cut this year, which could beat Bitcoin’s sub-2% inflation rate. The United States Federal Reserve will cut its interest rate target to compete with Bitcoin (BTC) post-halving, traders believe. As Reuters reported on Feb. 28, Wall Street traders already consider the likelihood of the Fed cutting…
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Commenting on cryptocurrency policy, a Federal Reserve governor highlighted a single study claiming thata only half of Bitcoin payments are above board. A member of the United States Federal Reserve’s board of governors appears to believe that one in four people who use Bitcoin (BTC) are criminals. In a panel speech honoring Benoît Coeuré, a…
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A statement confirms the Fed will ease the strain on banks over the new year period by creating more than three times Bitcoin’s market cap in new money. The United States central bank will inject at least $425 billion of nonexistent money into the economy by the middle of next month. In a statement released…
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“The Bitcoin Reformation” points to four fundamental parallels between the Protestant Reformation and the present day — do they have merit? A bit of historical research was making the rounds on social media recently, a monograph that compares the 21st century emergence of Bitcoin, encryption, the internet and millennials with the Protestant Reformation that shook…
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A new report highlights the need for stablecoins to submit to regulatory requirements in order to “complement” the global economy. Stablecoins could “complement” other payment systems and improve conditions for consumers, but need constant checks, says the United States Federal Reserve. In its November 2019 Financial Stability Report released on Nov. 15, the Fed highlights…
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Bitcoin mining has become a multibillion-dollar industry — but with 85% of Bitcoin extracted, is it still profitable? Back in the early days, when Bitcoin (BTC) was but a niche experiment for cypherpunks and basement-dwelling hobbyists, the process of its creation required little more than a budget CPU. Since that time, however, an entire industry…
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The United States Federal Reserve is hiring a manager for its Retail Payments section to contribute to the research of digital currencies and stablecoins. The United States Federal Reserve is hiring a manager for its Retail Payments section in Washington, D.C. On Nov. 3, the U.S central bank posted a new job opening to its…
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The Federal Reserve’s Lael Brainard says Libra could pose risks to consumers due to ambiguity over their rights. A member of the Federal Reserve’s Board of Governors has said that Facebook’s Libra could pose risks to consumers due to a lack of clarity over their rights with respect to the token’s underlying assets and to…
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