Swiss National Bank President Thomas Jordan says stablecoins pegged to foreign currencies could hamper Switzerland’s monetary policy. Swiss National Bank (SNB) President Thomas Jordan said that stablecoins pegged to foreign currencies could hamper Switzerland’s monetary policy in some circumstances. Cryptocurrencies’ limited use as payment instruments On Sept. 5, Jordan spoke at the University of Basel, […]
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Will Apple’s interest in cryptocurrencies drive the next leg of the up-move? Let’s analyze the charts. Jennifer Bailey, the vice president of Apple’s payments service, Apple Pay, said that the company was watching cryptocurrencies closely as they believe it has long-term potential. The company claims that Apple pay processes about one billion transactions every month. […]
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Chairman of the U.S. Federal Reserve Jerome Powell said that the Fed is monitoring digital currencies carefully, but not working on its own. Chairman of the United States Federal Reserve Jerome Powell said that the United States Federal Reserve is monitoring digital currencies carefully, but not working on its own at the moment. Speaking at […]
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Social media giant Facebook has hired two more lobbyists to aid the release of its forthcoming Libra stablecoin following regulatory pushback. Social media giant Facebook has hired two more lobbyists to aid the release of its forthcoming Libra stablecoin. As Bloomberg reported on Sept. 5, lobbying disclosures filed earlier this week revealed that William Hollier, […]
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JPMorgan analysts say Libra could face gridlock in periods of network stress and that this could have “serious macroeconomic consequences.” The new breed of stablecoins led by Facebook’s Libra could be vulnerable to failure in periods of network stress. According to an analysis from JPMorgan released on Sept. 5, they lack the short-term liquidity of […]
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A top official at China’s central bank has confirmed that the country’s forthcoming digital currency will bear similarities to Facebook’s Libra token. A top official at China’s central bank has confirmed that the country’s forthcoming digital currency will bear similarities to Facebook’s Libra token. The English-language website of the Hong Kong Economic Journal reported the […]
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Apple Pay sees potential in cryptocurrencies, the company’s vice president Jennifer Bailey said during a recent interview. Jennifer Bailey, the vice president of Apple’s payments service, Apple Pay, said that the company sees potential in cryptocurrencies. CNN reported on Sept. 5 that Bailey told the outlet’s chief business correspondent Christine Romans at a private event […]
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A German political party wants to save the climate by issuing a new crypto coin to anyone who removes CO2 from the atmosphere. The Free Democratic Party (FDP) in Germany proposes to issue a new cryptocurrency called Arbil to anyone who removes CO2 or other greenhouse gases from the atmosphere. Get paid to withdraw CO2 […]
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Fred Wilson, a venture capitalist and co-founder of venture capital firm Union Square Ventures, has revised his bullish opinion on Ether. Fred Wilson, a venture capitalist and co-founder of venture capital firm Union Square Ventures, has revised his bullish opinion on Ether (ETH). Back in 2017, Wilson suggested that the market capitalization of Ether will […]
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The recent move by Swiss regulators to licence two crypto banks is sending a message to regulators worldwide, but what are the stances of global authorities? Banking is often seen as the antithesis of Bitcoin (BTC), the very industry the nascent protocol looks to defuse and disrupt. Ironically, many banks are desperately in need of […]
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