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In recent months, there have been numerous debates regarding CBDCs. While most countries will not issue an asset yet, the Marshall Islands are moving ahead with their original plan of action. It is interesting to see this small nation explore the CBDC option. A Sovereign CBDC is Coming For the Republic of the Marshall Islands, … Read more
The U.S. Office of the Director of National Intelligence has admitted that cryptocurrency could undermine the U.S. dollar as the world’s reserve currency. The head of the U.S. Intelligence Community is seeking researchers to detail the impact of that status loss on the U.S., its economy, and national security. Also read: Fed Chair Powell Reveals … Read more
U.S. Treasury Secretary Steven Mnuchin remarked last week that a reported $1.5 trillion in missing cash — mostly one hundred dollar bills — was “sitting in bank vaults all over the world.” The famously anti-bitcoin U.S. official noted that “there’s a lot of ‘Benjamins’ all over the world” and emphasized the strength of the currency … Read more
Most people in this world will come in touch with fiat currency in one way or another. Even so, the vast majority of those individuals hardly ever wonder about the aspects of physical money, especially where US Dollar bills are concerned. The following fun facts and interesting tidbits of information show a US Dollar bill … Read more
In what some view as a landmark move, Google developers have added the bitcoin currency symbol to the iOS keyboard. Vitalik Buterin’s public request to add an ethereum symbol, however, was met with an unceremonious blow-off. The move, by a company so successful it’s evolved its domain name into a verb, reflects Bitcoin’s mainstream trajectory. Also read: … Read more
Central bank warnings about crypto assets may give the impression that cryptocurrency is illegal, especially since these entities often cite reasons as to why they’re uncomfortable with virtual currencies encroaching on their turf. But their assertions are often inaccurate, particularly when it comes to determining the legality of cryptocurrency. Also read: Jamaica Stock Exchange Plans to … Read more
Many would argue that comparing cryptocurrency trading with forex is like comparing apples and oranges, but that’s not entirely accurate. On closer inspection, there is a number of similarities between the two. For example, the underlying market dynamics of supply and demand will usually govern the prices of the respective assets. Here traders share their thoughts … Read more
The dominance of the United States dollar as a settlement currency in Africa is being challenged by emerging payment methods in financial technology and by native African fiat currencies. In the four years to 2017, fewer people in the continent of 1.2 billion transacted via the US dollar than they did with their local currencies … Read more
This week Yougov Omnibus released a host of encouraging new survey data, new numbers, and among their findings “48% of millennials would be interested in using cryptocurrency primarily…A vast majority (79%) of Americans are familiar with at least one kind of cryptocurrency.” Also read: Square’s Big Week: Crypto Patent, Shares Leap, and Lightning Plug Some … Read more
Cryptocurrencies – Thematic Research, a report recently issued by Global Data, is attempting to smash what it views as myths and huge untruths about the hype surrounding crypto. Among their findings, the company concludes cryptocurrencies are expensive, slow, mostly unspendable, and cannot scale to meet their projected demand. Also read: Troll Slayer: Derek Magill Defends … Read more
