Bill Introduced to Halt Digital Dollar Testing by U.S. Federal Reserve
House Member Alex Mooney of West Virginia introduced a bill against digital dollar testing that the U.S. Federal Reserve could conduct without congressional authorization. The proposed bill seeks to prevent the U.S. Federal Reserve (Fed) from launching a digital dollar pilo ...
Cryptocurrency Market Outlook in the Face of Impending U.S. Default
Cryptoplatform Blockchain.com CEO Peter Smith and Standard Chartered Bank CEO Jeff Kendrick spoke out about the outlook for the cryptocurrency market in the wake of the impending U.S. default. Speaking at the Qatar Economic Forum hosted by Bloomberg, Blockchain.com CEO Pe ...
Central Bank of Hungary Takes Cautious Approach to State-Owned Stablecoin Launch
Central Bank of Hungary believes that the state-owned Stablecoin will not have a strong impact on the country's financial system, so the regulator will not rush to launch it. Aniko Szombati, head of digital development at Magyar Nemzeti Bank (MNB), said this at a meeting ...
U.S. Secret Service Cybercrime Division to Hold Q&A Session on Cryptocurrencies
The cybercrime division of the San Francisco office of the U.S. Secret Service (USSS) will hold a Q&A session on the Internet forum Reddit about the nuances of dealing with cryptocurrencies. The session will take place on Monday, May 15, at 11:00 a.m. Pacific Time - t ...
Bank of England Governor Discusses Prospects for Central Bank Digital Currencies and Stablecoins
Bank of England Governor, Andrew Bailey, has emphasized the importance of creating a clear legal framework for central bank digital currencies and stablecoins. Bailey stated that central bank digital currencies will become a significant part of the financial system, but they should not replace tr ...
US Presidential Candidate Robert Kennedy Jr. Advocates Bitcoin as a Safe Haven
Robert Kennedy Jr., an American political figure, has praised bitcoin as a safe haven due to its decentralization, which makes it less vulnerable to the risks inherent in traditional finance. In a recent tweet, Kennedy also brought up the FedNow platform, which allows for instant payments between ...
Federal Reserve Rejects Custodia Bank’s Membership Application Due to Inconsistent Business Model
The Federal Reserve Board of Directors has once again declined Custodia Bank's membership application, citing concerns about the bank's business model and its ability to meet the goals set out in the Federal Reserve Act. The Federal Reserve System officials noted that Custodia Bank's application ...
Challenges of CBDC Adoption in Islamic Banking Systems
The Islamic states have been alerted by the International Monetary Fund (IMF) regarding potential challenges that local banking systems may encounter when introducing digital currencies of central banks. According to IMF experts, the uneven development of Islamic banking and a limited number of c ...
Tim Draper Speaks on Decentralization of Everything and Sings a Song About Bitcoin at Paris Blockchain Week 2023
At the Paris Blockchain Week '2023 (PWD), a prominent venture investor delivered a speech titled "Decentralization of Everything" and concluded it with a unique touch - a self-composed song about bitcoins. During his address, Tim Draper highlighted the distrust of centralized governments towards ...
Swiss Banks Face Influx of Requests for Banking Services from US Crypto Companies
According to insiders cited by CNBC, Swiss banks are experiencing a surge in requests for banking services from cryptocurrency companies based in the United States. The collapse of American banks Silvergate and Signature Bank has led to an unnamed Swiss banking institution receiving a massive inc ...
Cameron Winklevoss sees US Fed’s announcement as a reason to buy Bitcoin
Gemini's co-founder, Cameron Winklevoss, took to social media to express his reaction to the US Federal Reserve's recent announcement that it would be providing $300 billion from its holdings to cash-strapped banks. In a tweet, Winklevoss remarked that "The Fed's move has given everyone $300 bill ...
Survey Shows 20% of Americans Own Cryptocurrencies and Believe in the Future of Blockchain and Digital Assets
Based on a study conducted by Coinbase and Morning Consult, it has been found that one-fifth of the American population owns digital currencies. The majority of the participants in the survey believe that blockchain and digital assets hold the key to the future. ...
Survey Finds 20% of Americans Own Cryptocurrencies and Believe in Blockchain’s Future
Based on research by Coinbase and Morning Consult, it was found that approximately one-fifth of the US population owns some form of cryptocurrency. The survey, which involved over 2,000 American citizens, revealed that the majority of respondents believe that the future lies with digital assets and ...
US Senator Calls for Tough Regulations on Cryptocurrencies to Protect Investors
During a Senate Banking Committee meeting, US Democratic Senator and Chairman of the Committee, Sherrod Brown, emphasized the need for a comprehensive regulatory framework for cryptocurrencies to safeguard investors from losing their funds. Brown cited a series of bankruptcies within the cryptocu ...