Substantial further progress toward maximum employment “all but met,” Fed chair says.
“The latest wave we’ve seen has been the coming of the large financial institutions that really have been prompted by their clients to enter the space,” Kostadinov said.
Company’s blockchain and digital currency business unit is focused on shaping ‘next generation of the financial system’
Federal Reserve Chairman Jerome Powell said a strong argument in favor of a US digital dollar is the CBDC’s ability to undermine cryptocurrencies and stablecoins.
The investigation phase will last 24 months and will focus on addressing “key issues regarding design and distribution” of a digital euro, it said.
Environmental costs of bitcoin and proof-of-work took center stage at Senate hearing on June 9 — a hearing that was to be focused on something else entirely
The “Bitcoin Law” has been approved four days after El Salvador’s President Nayib Buekele announced plans to send a law to legislation to make bitcoin legal tender, making it the first country in the world to formally adopt the cryptocurrency.
As Singapore looks to steal Hong Kong’s status as Asia’s financial hub, the territory’s central bank wants to “future-proof” its claims
Customers and businesses without access to a central bank digital currency will be forced to turn to outside providers for the services, potentially undermining central bank dominance, the European Central Bank said.