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News The head of the United States Federal Reserve has admitted current economic policy is “not sustainable” — but that it is not its job to fix it. Speaking during testimony before Congress’ Joint Economic Committee on Nov. 13, Jerome Powell noted that currently, U.S. national debt is growing fas..
News The Central Bank of Tunisia (BCT) has denied reports stating that the bank is developing a central bank digital currency (CBDC). An official announcement from the BCT follows apparently false reports that Tunisia was the first country to start moving its national currency to a blockchain plat..
If you told someone on Wall Street or a central bank official ten years ago that there would be sovereign digital currencies, they likely would’ve laughed. But, these digital currencies are becoming reality. And quick.Central Banks Going All-In On Crypto? On Monday, CoinDesk reported that the Ban..
News The European Union is doubling down on its commitment to block the launch of Facebook’s Libra should it deem the project to present “unmanageable or excessive risks.” A draft document to be discussed at a meeting of E.U. finance ministers this Friday states that “all options should be on the ..
News Multinational telecommunications and consumer electronics giant Huawei has signed a strategic cooperation agreement with China’s central bank, the People’s Bank of China (PBoC). According to a statement from Huawei’s WeChat channel on Nov. 4, PBoC deputy governor Fan Yifei attended the signin..
Multinational tech powerhouse IBM has co-published a new report that hails central bank digital currencies, or CBDCs, as all but inevitable in the years ahead. Written in collaboration with the Official Monetary and Financial Institutions Forum (OMFIF), the report, which was commissioned by IBM for..
News A professor at Stanford Graduate School of Business says cryptocurrencies will put an end to the windfall that banks currently enjoy from low-interest deposits. In an Oct 24 interview for the university, Dean Witter Distinguished Professor of Finance Darrell Duffies said that one way or anoth..
News Robert Kiyosaki — author of the 32 million-copy bestseller Rich Dad Poor Dad — has taken a coy stance on Bitcoin’s David and Goliath-like battle with the Fed. Kisoyaki — whose book has reportedly sold 32 million copies across 40 countries and has a reported net worth of $80 million — made his..
News Bitcoin (BTC) proponents are voicing fresh alarm after the United States Federal Reserve printed more than its entire market cap in new money this month. Fed balance sheet approaches $4TAs noted by cryptocurrency social media pundit Dennis Parker on Oct. 21, since mid-September, the Fed has i..
News A member of the Federal Reserve’s Board of Governors has said that Facebook's Libra could pose risks to consumers due to a lack of clarity over their rights with respect to the token’s underlying assets and to the system overall. Lael Brainard — who chairs the Fed’s Committees on Financi..