New developments at the state level in the U.S. defined this week’s regulatory news. By way of disclaimer, today’s Law Decoded is going to be especially America-centric. Writing to you from the ghastly swamp that is Washington, D.C., I generally try to keep these newsletters more globally minded, displeased as I am with how often […]
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The coronavirus pandemic has forced governments worldwide to focus on bringing blockchain tech to their financial services. Famed currency speculator George Soros, who in 1992 broke the Bank of England to emerge a billionaire overnight by forcing the pound out of the European Exchange Rate Mechanism, believes: “We will not go back to where we […]
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Central bank digital currencies endanger private banks, warned the Federal Reserve Bank of Philadelphia. The Philadelphia branch of the United States Federal Reserve has published a new report that warns about the potential effects of issuing central bank digital currencies (CBDCs). In the report, the Fed said that — after the introduction of a CBDC […]
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Reacting to the growing epidemic, CME will suspend trading in Chicago from Friday. Other crypto- related firms are taking precautions too. With the coronavirus outbreak officially reaching epidemic proportions, crypto-related companies and organizations are having to change the way they do business. According to a CNBC report on Wednesday, Chicago Mercantile Exchange (CME) Group — […]
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The first-ever CBDC will be issued within the next five years, according to new joint research by IBM and OMFIF. 73% of leading global banks have claimed that central bank digital currencies (CBDC) should be available “under all circumstances” in a new study. “CBDC will substitute much more easily for cash” According to a joint […]
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PayPal pulls out of the Libra Association, crypto markets fail to recover, and Mark Cuban says he’d rather have bananas than BTC. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more […]
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A few altcoins are looking strong. Is it a good time to buy or is this only a dead cat bounce? Let’s study the charts. Apple CEO Tim Cook said that he is not comfortable with private companies creating their own cryptocurrencies. Therefore, he ruled out plans of Apple releasing its own currency token. Though […]
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Central bank digital currencies are “inevitable,” says Patrick Harker, president of the Federal Reserve Bank of Philadelphia. Patrick Harker, president of the Federal Reserve Bank of Philadelphia, is confident that central bank digital currencies are inevitable. As Reuters reported on Oct. 2, Harker expressed the idea that central banks — including the Federal Reserve — […]
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A district judge refused the request of the former CEO of now-defunct cryptocurrency exchange Mt. Gox to dismiss the U.S. class-action lawsuit. District Judge Robert Kelly refused the request of the former CEO of now-defunct cryptocurrency exchange Mt. Gox, Mark Karpeles, to dismiss the U.S. class-action lawsuit against him, industry news outlet Coindesk reports on […]
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Who represents crypto in a U.S. Congressional hearing dubbed “Examining Regulatory Frameworks for Digital Currencies and Blockchain”, weeks after Facebook’s Libra is discussed… Today, on July 30, United States lawmakers will once again gather to debate cryptocurrency and blockchain policy in a hearing dubbed “Examining Regulatory Frameworks for Digital Currencies and Blockchain.” The hearing is […]
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