Goldman Sachs to utilize JPM Coin for repo trades
JPMorgan is using blockchain to drive efficiency in the repo market; Goldman and others are taking notice. Go to Source Powered by WPeMatico
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As Citizens Suffer Central Banks Flush Trading Houses With Trillions, Ease Corporate Strains
Central banks across the world have been increasing stimulus and letting inflation run high in order to combat the disastrous economic effects of the coronavirus outbreak response. The Bank of Japan has recently become the country’s largest stockholder and the European Central Bank is prepared to expand its colossal stimulus program. Meanwhile, Federal Reserve Chair … Read more
‘Gold Is Rare but Not Too Rare’ – Bitcoin’s Supply Limit Hinders Usefulness, Says Steve Forbes
The American publishing executive, Steve Forbes, recently published a video concerning his thoughts on bitcoin and told viewers that the popular crypto asset is “not yet” the new gold. The business magazine’s editor-in-chief says that bitcoin’s value “remains too volatile,” and he believes the supply cap of 21 million will someday “severely hinder its future … Read more
Hyperinflation and Rent Controls – 2020’s Telltale Signs of Economic Distress Haunts Many Nations
If history serves us well, 2020 is likely a precursor to a long and dreadful economic depression throughout a myriad of countries worldwide. During the last year, economists and analysts have been discussing how specifically the United States economy and the U.S. dollar are losing global dominance quite rapidly. While a few analysts believe the … Read more
Biden plans for former Fed Chair and noted Bitcoin bear to lead US Treasury
The Biden team looks to Janet Yellen to lead the next administration’s economic policy, which will have to navigate the wreckage left in the wake of the coronavirus. Go to Source Powered by WPeMatico
Crypto users speak out on proposed change to FinCEN Travel Rule
“This proposal, if adopted, would prove to be an invasion of privacy.” Go to Source Powered by WPeMatico
US Fed researcher says CBDCs should beat Big Tech payments on privacy protection
The paper also put forward CBDCs as solutions to high transaction fees and the energy use of mining cryptocurrencies like Bitcoin. Go to Source Powered by WPeMatico
‘Control the Pandemic’ – Fed Chair Jerome Powell Predicts the Entry of a ‘Different Economy’
Federal Reserve Chair Jerome Powell told participants at the Bay Area Council Business Hall of Fame Awards Ceremony on Tuesday that the economy will never be the same after Covid-19. According to Powell, the use of accelerated technology will change the way the global economy operates as his commentary was quite similar to the recent … Read more
Privacy should be at the core of CBDCs, says Boston Fed research director
Privacy should be a key talking point from the beginning of CBDC development. Go to Source Powered by WPeMatico
US central banker urges digital dollar development
FOMC member Robert Kaplan believes the Fed should prioritize creating a digital dollar. Go to Source Powered by WPeMatico