Check out this week’s Bad Crypto podcast Bitcoin continues its bull run. The coin is up more than 12 percent over the last week and is now tickling $16,000. According to the Big Mac Index, a Bitcoin will now buy as many as 6,3421.26 of the giant burgers. It’s even passed the monetary base of […]
Continue Reading
Amid global economic contraction, Bitcoin appears to be gaining momentum against struggling fiat currencies. Bitcoin being regarded as “sound money” is a common refrain among many proponents of the popular cryptocurrency. With a finite supply of 21 million and a network secured by over 120 exahashes per second of computing power, the consensus among industry […]
Continue Reading
It’s becoming increasingly clear that smart money is starting to take Bitcoin seriously. The year 2020 sucked for pretty much everyone. Unless you’re holding Bitcoin (BTC) that is. The price of Bitcoin is up 125% year-to-date making it once again the best-performing asset just as it has been for the past decade. Strangely enough, the […]
Continue Reading
Privacy should be a key talking point from the beginning of CBDC development. Robert Bench, the Federal Reserve Bank of Boston’s director of applied research, thinks privacy should be a focus during the creation of digital money, not an afterthought. “Privacy is a question that we have learned is critical from a technical perspective,” Bench […]
Continue Reading
BIS Innovation Hub head Benoît Cœuré stressed the importance of maintaining multiple payment options beyond just CBDCs. As numerous countries across the board navigate their feelings on central bank digital currencies, or CBDCs, Benoît Cœuré, of the Bank for International Settlements thinks physical cash will retain its importance. Heading up the BIS’ innovation wing, Cœuré […]
Continue Reading
Speaking before Congress, OCC head Brian Brooks describes the importance of digital asset innovation and the private sector. Amid a global race toward central bank digital currencies, or CBDCs, the United States needs to focus on the private sector, says Acting Comptroller of the Currency Brian Brooks. “We have built private stablecoins in this country […]
Continue Reading
“At that point in time we will make the decision as to whether or not we go forward with the digital euro.” The president of the European Central Bank, Christine Lagarde, has said that the bank should reach a decision on releasing a digital euro early next year. In an online policy panel held on […]
Continue Reading
Deutsche Bank has called on Europe to accelerate the development of central bank digital currencies. Deutsche Bank, the largest banking institution in Germany, is confident that central bank digital currencies, or CBDCs, will replace cash in the future. The bank’s research arm, Deutsche Bank Research, published a new report on economic estimations and proposals to […]
Continue Reading
Gary Gensler will reportedly ensure a smooth transition with the Federal Reserve in addition to banking and securities regulators. Less than four days after his official acceptance speech, Joe Biden has already begun assembling a team including the former chairman of the Commodity Futures Trading Commission as part of his transition to the 46th President […]
Continue Reading
FOMC member Robert Kaplan believes the Fed should prioritize creating a digital dollar. President of the Dallas Federal Reserve Robert Kaplan believes the US central bank should begin work on a digital currency immediately, a clear indicator that some policymakers view this as an urgent matter. Speaking Tuesday at a virtual conference hosted by Bloomberg, […]
Continue Reading