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Saxo Bank’s Outrageous Prediction 2020: Asia Launches DLT-Based Asset

News Major Danish bank Saxo Bank has predicted that Asia will launch its own blockchain-based digital asset in its new report of smashing predictions for 2020. The latest edition of “Outrageous Predictions” by Saxo Bank also forecasts that President Donald Trump will likely lose the 2020 elections..

Why Eurasian Debt, Economic Uncertainty Make a Bull Case for Bitcoin

News Bitcoin (BTC) bulls will no doubt keenly watch talk of the need for “a new, neutral global reserve asset” at the heart of the traditional financial sphere. Financial Times business columnist and associate editor Rana Foroohar published an opinion piece on Nov. 25, pointing to the renewed, ha..

Kraken, One of Oldest Bitcoin Exchanges, Joins Silvergate Exchange Network

News Kraken, one of the largest and oldest Bitcoin (BTC) exchanges in the world, has joined the Silvergate Exchange Network (SEN). By joining SEN, the United States-based cryptocurrency exchange enables its clients to deposit and withdraw U.S. dollars from Silvergate accounts with no fees, the fir..

Stablecoins Can Temper US Dollar Hegemony Risks, Says Non-Profit Exec

News Stablecoins have the potential to temper the systemic threats posed by the United States dollar’s domination of global foreign currency reserves, according to an opinion piece published by the World Economic Forum (WEF). The argument was made by the Fusion Foundation’s John Liu and Lapa Capi..

Fed Chairman Responds to Lawmakers: We’re Analyzing “Digital Dollar”

Questions have recently been swirling in the U.S. around whether the Federal Reserve, the central banking system of the country, would eventually push forward on digitizing the dollar via blockchain tech. Now, Federal Reserve Chairman Jerome Powell has given his clearest positions on how the Fed is..

Escaping the Dollar: China, Russia & Others Mull Shared Digital Currency

Leaders from the countries constituting the BRICS bloc — China, Russia, India, Brazil, and South Africa — have discussed the creation of a shared digital currency that would be aimed at trade settlements and further moving the participating nations away from the long shadow of the U.S. dollar. Repo..

Ex-Fed Chair Greenspan: ‘No Point’ in Central Bank Digital Currencies

News Alan Greenspan, the former chair of the United States Federal Reserve (Fed), has said there’s “no point” for central banks to issue their own digital currencies. According to a CNBC report on Nov. 11, Greenspan made his comments during the annual economic outlook conference hosted by Chinese ..

Canadian Blockchain Firm Launches USD-Pegged Stablecoin CUSD

News Canadian blockchain research firm Blockchain Venture Capital Inc. (BVCI) has officially launched a United States dollar-pegged stablecoin, the CUSD, according to a press release published on Nov. 11. The new USD-anchored stablecoin comes four months after the firm launched CADT, a stablecoin ..

Coinbase Legal Chief Wants Private Sector to Create US Digital Dollar

News Coinbase’s legal chief, Brian Brooks, feels that the United States government should take a step back and allow the private sector to create the U.S. digital dollar. Private sector should build the technologyIn a Fortune piece on Nov. 4, Brooks asked whether the U.S. government should create ..

Minister Says India, Like Other Nations, Extremely Cautious on Libra

News Finance Minister Nirmala Sitharaman has said that India — like many others, in his view — is showing a high degree of caution in regard to Facebook’s Libra. During last week’s 2019 Annual Meetings of the International Monetary Fund and the World Bank in Washington, D.C. — which included a dis..

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