Stablecoins have been the talk of the town. Lawmakers around the world have held their reservations about this cohort of digital assets citing its use in cross-border transactions as a threat to the use of state-issued currencies. More recently, two prominent financial experts have now weighed in a paper whose title read, “Taming Wildcat Stablecoins.” […]
federal reserve
Fed Chairman Powell Needs To Dig Deeper Into Crypto, Suggests Republican Leader
The crypto industry has been booming with regard to popularity. Just as the world has been embracing the industry, certain lawmakers like the Fed Chairman, Jerome Powell as well as Treasury Secretary Janet Yellen were urged by Kevin McCarthy, the leader of the United States House of Representatives’ Republican party to reconsider their stance on […]
Crypto Is Backed By Underlying Networks, Suggests Former OCC Head
Just as the crypto industry started gaining traction, officials from across the globe seem to have been looking into these digital assets, particularly Bitcoin [BTC]. The rise in the price of Bitcoin led to an array of speculations of the king coin soon replacing the dollar. However, the Chairman of the Federal Reserve of the […]
Bitcoin’s Volatility Stands In The Way Of It Replacing Cash, Suggests Fed Chairman
Bitcoin has been gaining immense traction, which has led to speculations about the king coin even replacing the dollar. However, a few officials were against this narrative. The Chairman of the United States Federal Reserve, Jerome Powell was one among them. With its price surging over a high of $60K, Bitcoin [BTC] caught the attention […]
America’s New Comptroller Of The Currency is a Blockchain & Bitcoin Bull
The new American Comptroller Of The Currency, Brian Brooks, is currently the new top banking regulator for President Donald Trump’s administration. Formerly, Brooks served as Chief Legal Officer of Major San Francisco’s Coinbase Digital Currency Exchange Platform. Brooks’ appointment as an acting-Comptroller Of The Currency is a clear message that Blockchain is not a drawback; […]
Bitcoin Price to Hit $75k in Three Years Time; Rich Dad Poor Dad Author Predicts
Robert Kiyosaki, an entrepreneur and best-selling author of Rich Dad’s book, Poor Dad, on Twitter, said he was optimistic that the Bitcoin price would reach $75,000 in three years. In addition, he shared his concern about the declining economy as a result of the coronavirus pandemic, leading him to buy three valuable assets, including bitcoin, […]
$2 Trillion Covid-19 Stimulus Project could Propel Bitcoin Dynamics
Following the specifics of a major coronavirus stimulus project, Congress could devote at least $350 billion to SME loans, $250 billion to unemployment insurance benefits, and $500 billion to Carter for businesses in distress. U.S. Congress senior leaders have outlined up to $250 billion in direct cash transfers a proposal previously proposed by Republicans. The […]
Federal Reserve Cuts Rates to Near Zero as Coronavirus Continues its Rampage, Bitcoin Falls Again
The United States economy has been swaying in the wind for some time now as the country has been plagued by multiple factors. The impact of Coronavirus was a double whammy on the financial system that was already on its knees. To ensure that the economy does not tank completely due to the closures of […]
US Treasury to Introduce New Cryptocurrency Regulations
The US Treasury plans to introduce new rules and regulations on Digital currencies intended to crack down on its use to facilitate money laundering and other illicit activities Steven Mnuchin, the treasury secretary told a Senate Finance Committee that the Financial Crimes Enforcement Network will soon announce new rules on digital payment and cryptocurrency. The […]