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The IMF warns that central banks may have to rethink what constitutes their reserve currency holdings. In a recent study, the global lender points to the changing geopolitical landscape, technological advances and the impact of the Covid-19 pandemic as events likely to influence the composition of reserves. Advances in Financial Technologies In addition to the … Read more
As antitrust enforcement hits Facebook and Google, the Federal Trade Commission is digging into misuse of consumer data. Go to Source Powered by WPeMatico
A former PBoC official says that his country has taken a cautious approach with the digital yuan. Go to Source Powered by WPeMatico
At Bitcoin.com, our team is all about spreading the benefits of peer-to-peer electronic cash and our flagship wallet is a testament to our team’s passion. Bitcoin.com’s noncustodial crypto wallet recently upgraded and now offers a new payment link feature that allows anyone to send bitcoin cash by email, and even social apps like Whatsapp, Facebook, … Read more
Regulators around the globe are increasingly turning hostile to the social media behemoth. Go to Source Powered by WPeMatico
The social media giant has rebranded in hopes of scoring regulatory approval. Go to Source Powered by WPeMatico
Facebook’s plan to rebrand its stablecoin project from Libra to Diem has been met with legal threats from a small European start-up of the same name. Go to Source Powered by WPeMatico
The Facebook fronted stablecoin, Diem (formerly Libra)’s dismal testnet results undercut the assertion that the digital currency is a threat to global financial stability. This is the conclusion that can be deduced from a Diem blockchain explorer update which shows the network only processes an average of six transactions per second (tps), with the highest … Read more
Stablecoins are an integral part of the future of the financial system. And Facebook’s Diem, formerly Libra, is part of that future. Go to Source Powered by WPeMatico
But the bill is unlikely to become law any time soon. Go to Source Powered by WPeMatico
