Earlier this month, media reported that Tunisia had become the first country to issue a CBDC. Now that the central bank has denied the news, it’s time to take a closer look… Earlier this month, many blockchain media outlets, including Cointelegraph itself as well as Decrypt, Beincrypto and LedgerInsight, reported that Tunisia had become the […]
Continue Reading
A bipartisan team of senators introduced legislation that would regulate Facebook’s Libra stablecoin under securities law. American lawmakers have reportedly introduced a bill aiming to put Facebook’s Libra under the jurisdiction of the Securities and Exchange Commission (SEC). Two Texas representatives, Sylvia Garcia and Lance Gooden, have proposed legislation that would put even more regulatory […]
Continue Reading
With Facebook and Google establishing themselves more firmly into the financial industry, what is the future like for crypto? A peculiar phenomenon is occurring within the economic sector. In fact, it’s been transpiring over the past few decades. After the rise of the internet and the development of effective communications, the financial industry underwent a […]
Continue Reading
The U.S. Internal Revenue Service reaffirms its summons on crypto trading platform Coinbase in an income tax investigation as completely legitimate in fresh filing. The United States Internal Revenue Service (IRS) has argued that its summons on major American crypto exchange Coinbase is indeed legitimate in a recent filing. Per a Nov. 15 filing, the […]
Continue Reading
China’s digital currency will launch in two to three months, said founding managing partner of HCM Capital Jack Lee. Founding managing partner of HCM Capital, the private equity arm of electronics manufacturer Foxconn, Jack Lee, says China’s Central Bank Digital Currency (CBDC) is ready and expects it to launch in two to three months. During […]
Continue Reading
A senior U.S. federal official argued that Facebook’s Libra highlights the need for the FED to urgently launch its own real-time payments system — FedNow. A senior United States federal official has argued that Facebook’s Libra highlights the need for the Federal Reserve (Fed) to act urgently and launch its own real-time payments system. In […]
Continue Reading
Chinese president’s embrace of blockchain tech triggered a recent surge in Bitcoin’s price, Galaxy Digital CEO Mike Novogratz said. China’s President Xi Jinping gave credibility to blockchain and crypto by calling the country to accelerate blockchain adoption, said Galaxy Digital CEO Mike Novogratz. The cryptocurrency investor delivered his remarks speaking at the Reuters Global Investment […]
Continue Reading
U.S. pro-crypto Rep. Warren Davidson promotes blockchain’s promise in American manufacturing in response to public fears in the face of technology. United States pro-crypto Congressman Warren Davidson (R-OH) has once again called for clear regulations of blockchain industry to maintain U.S. economic dominance. On Nov. 4, Davidson published a letter in the Wall Street Journal […]
Continue Reading
In his latest tarnishing of Bitcoin, the gold bug likened it to fiat currency by again suggesting it had nothing backing its value. China launching a digital counterpart of the yuan backed by gold puts Bitcoin (BTC) at a disadvantage, veteran gold bug Peter Schiff claims. In a tweet on Nov. 2, Schiff, notorious for […]
Continue Reading
China’s forthcoming digital renminbi is unlikely to use blockchain, considers Ethereum co-founder and ConsenSys CEO Joe Lubin. China’s forthcoming digital renminbi is unlikely to use blockchain, considers Ethereum (ETH) co-founder and ConsenSys CEO Joe Lubin. In an interview for CNBC’s Squawk Box Asia on Nov. 6, Lubin argued that the People’s Bank of China (PBoC) […]
Continue Reading