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In his testimony before the House Financial Services Committee, Federal Reserve Chairman Jerome Powell answered a number of questions regarding digital currencies. While stating that “a ledger where you know everybody’s payments” is not a problem in China, he believes it is not attractive for the U.S. Admitting that Facebook’s Libra project was a wake-up … Read more
In this week’s Hodler’s Digest, Bitcoin hits $10,000, why Mastercard left Libra, Coinbase limits some users to withdrawing $10 a day, and Justin Sun meets Warren Buffett Go to Source Powered by WPeMatico
At the recent Symposium for Future Payments held in Stanford, California on February 5, Federal Reserve Governor Lael Brainard stressed the importance of remaining “on the frontier of research and policy development regarding CBDC.” The position seems a contrast to the narrative in 2018 when Brainard maintained “there is no compelling demonstrated need for a … Read more
Launched in October 2018, Asian messaging giant Line’s Bitbox crypto exchange has made its link (LN) digital asset available to users worldwide, with the exception of notable locations like Japan and the U.S. Last Thursday the group announced it was preparing to launch the coin in the Japanese market, compliant with the Japan Virtual Currency … Read more
10 U.S. congresspeople who will define the future of cryptocurrency and blockchain policy in 2019 Go to Source Powered by WPeMatico
When it was reported in April that Harvard University’s endowment was making its first crypto investment, the news was hailed as a win for the cryptocurrency/blockchain sector, which has struggled to attract institutional investors with deep pockets Go to Source Powered by WPeMatico
U.S. Representative Emmer fears stifled cryptocurrency innovation in Fintech digital payments hearing before congress Go to Source Powered by WPeMatico
There are a lot of eyes on the upcoming Libra digital currency. For Facebook, a lot of the initial support had already dissipated. In fact, the list of partners bailing on Libra has grown relatively long in recent months. The Libra Project is on Weak Legs Despite noting strong support from early backers happily paying … Read more
Global officials and economists at the WEF voice the fact that Facebook’s Libra pushed the world to start reconsidering the U.S. dollar as anchor currency Go to Source Powered by WPeMatico
The former head of payments and settlements at the Bank of Japan says Facebook’s Libra spurred institutions to look seriously into digital currency issuance Go to Source Powered by WPeMatico
