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Fed Governor Discusses Crypto’s Impact on US Dollar Dominance — Says Banks Should Avoid Bitcoin ETFs as Primary Asset

Fed Governor Discusses Crypto’s Impact on US Dollar Dominance — Says Banks Should Avoid Bitcoin ETFs as Primary AssetA Federal Reserve governor has addressed crypto’s impact on the U.S. dollar’s dominance. Additionally, he expressed reservations about the need for a U.S. central bank digital currency (CBDC) and stated his opposition to banks holding bitcoin exchange-traded funds (ETFs) as their primary asset. Fed Governor on Crypto, CBDC, and the U.S. Dollar Federal Reserve Governor […]

Analyst Says XRP and One Ethereum Rival Flashing Bullish Signal, Updates Outlook on Bitcoin (BTC)

Fed Chair Powell Briefs Lawmakers on US Central Bank Digital Currency Progress

Fed Chair Powell Briefs Lawmakers on US Central Bank Digital Currency ProgressFederal Reserve Chairman Jerome Powell has provided an update to Congress members regarding the Fed’s central bank digital currency (CBDC) work. “If we’re going to have a CBDC, Congress needs to authorize it,” he stressed. Moreover, the Fed chair reportedly said that a framework for stablecoins is needed. Fed Chair Powell on US CBDC and […]

Analyst Says XRP and One Ethereum Rival Flashing Bullish Signal, Updates Outlook on Bitcoin (BTC)

CBDCs Will Enable the Government To Seize Your Money, Says Ex-US Presidential Candidate Vivek Ramaswamy

CBDCs Will Enable the Government To Seize Your Money, Says Ex-US Presidential Candidate Vivek Ramaswamy

Former Republican presidential candidate Vivek Ramaswamy says greenlighting a central bank digital currency (CBDC) in the US will have repercussions on the citizens’ financial freedom. In a new interview with Bloomberg Television, Ramaswamy says the government may use the digital dollar to go after those who oppose them. “A central bank digital currency, I believe, […]

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Analyst Says XRP and One Ethereum Rival Flashing Bullish Signal, Updates Outlook on Bitcoin (BTC)

Ripple To Partner With Georgia’s Central Bank in the Eurasian Country’s CBDC Pilot

Ripple To Partner With Georgia’s Central Bank in the Eurasian Country’s CBDC Pilot

Payments platform Ripple Labs is collaborating with the central bank of Georgia to create the nation’s first central bank digital currency (CBDC) pilot program. In a new company blog post, Ripple says that The National Bank of Georgia (NGB) has chosen to partner with Ripple for its digital Lari (GEL) pilot project. “The pilot will […]

The post Ripple To Partner With Georgia’s Central Bank in the Eurasian Country’s CBDC Pilot appeared first on The Daily Hodl.

Analyst Says XRP and One Ethereum Rival Flashing Bullish Signal, Updates Outlook on Bitcoin (BTC)

Wells Fargo Says an American CBDC Could Be Designed, Approved and Launched in Three to Five Years

Wells Fargo Says an American CBDC Could Be Designed, Approved and Launched in Three to Five Years

Strategists at a Wells Fargo subsidiary think the US could design and release a central bank digital currency (CBDC) within the next five years. In a new report, Wells Fargo Advisors’ head of real asset strategy John LaForge and investment strategy analyst Mason Mendez say that the US is studying the potential of a CBDC […]

The post Wells Fargo Says an American CBDC Could Be Designed, Approved and Launched in Three to Five Years appeared first on The Daily Hodl.

Analyst Says XRP and One Ethereum Rival Flashing Bullish Signal, Updates Outlook on Bitcoin (BTC)

Cardano Creator Charles Hoskinson Says Game of Crypto vs. CBDCs Now Underway – Here’s What He Means

Cardano Creator Charles Hoskinson Says Game of Crypto vs. CBDCs Now Underway – Here’s What He Means

Cardano (ADA) creator Charles Hoskinson says that the real battle in digital assets is now between cryptocurrencies and central bank digital currencies (CBDCs). In a new Coin Bureau interview, the chief executive of Input Output Global warns of the dangers of CBDCs and extolls the key principles of decentralized crypto. “It’s not a game of […]

The post Cardano Creator Charles Hoskinson Says Game of Crypto vs. CBDCs Now Underway – Here’s What He Means appeared first on The Daily Hodl.

Analyst Says XRP and One Ethereum Rival Flashing Bullish Signal, Updates Outlook on Bitcoin (BTC)

Mastercard and Reserve Bank of Australia Test CBDC on Ethereum Utilizing ‘Authorized Parties’

Mastercard and Reserve Bank of Australia Test CBDC on Ethereum Utilizing ‘Authorized Parties’

Payments processing giant Mastercard and the Reserve Bank of Australia (RBA) have successfully tested the interoperability of a central bank digital asset (CBDC) and the ability to restrict the use of that currency to “authorized parties.” Mastercard’s solution enabled the holder of a pilot CBDC to purchase a non-fungible token (NFT) listed on Ethereum (ETH), […]

The post Mastercard and Reserve Bank of Australia Test CBDC on Ethereum Utilizing ‘Authorized Parties’ appeared first on The Daily Hodl.

Analyst Says XRP and One Ethereum Rival Flashing Bullish Signal, Updates Outlook on Bitcoin (BTC)

BIS and Three Central Banks Successfully Complete CBDC Experiment Using DeFi Networks

BIS and Three Central Banks Successfully Complete CBDC Experiment Using DeFi Networks

The global central bank umbrella organization has successfully completed a cross-border trading experiment using central bank digital currencies (CBDCs) and decentralized finance (DeFi) technology. The Bank for International Settlements (BIS) worked with the central banks of France, Singapore and Switzerland to test the effectiveness of cross-border trading and settlement of “wholesale” CBDCs (referred to as […]

The post BIS and Three Central Banks Successfully Complete CBDC Experiment Using DeFi Networks appeared first on The Daily Hodl.

Analyst Says XRP and One Ethereum Rival Flashing Bullish Signal, Updates Outlook on Bitcoin (BTC)

Vitalik Buterin Warns CBDCs Moving in Wrong Direction, Calls Them ‘Front Ends’ for the Banking System: Report

Vitalik Buterin Warns CBDCs Moving in Wrong Direction, Calls Them ‘Front Ends’ for the Banking System: Report

Ethereum (ETH) co-creator Vitalik Buterin reportedly says that central bank digital currencies (CBDCs) are not developing in the way he had once hoped for. In a new interview with CNBC, Buterin says that he was once more optimistic about CBDCs, but now he believes they have mostly become “front ends” for the traditional banking system. […]

The post Vitalik Buterin Warns CBDCs Moving in Wrong Direction, Calls Them ‘Front Ends’ for the Banking System: Report appeared first on The Daily Hodl.

Analyst Says XRP and One Ethereum Rival Flashing Bullish Signal, Updates Outlook on Bitcoin (BTC)

US Anti-CBDC Bill Passes Through House Financial Services Committee Along Party Lines

US Anti-CBDC Bill Passes Through House Financial Services Committee Along Party Lines

US legislators in the House Financial Services Committee have voted in favor of a proposed law that aims to stop the Federal Reserve from issuing a central bank digital currency (CBDC). According to the office of Congressman Tom Emmer (R-MN), the committee passed the CBDC Anti-Surveillance State Act during a markup session on Wednesday. Emmer, […]

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Analyst Says XRP and One Ethereum Rival Flashing Bullish Signal, Updates Outlook on Bitcoin (BTC)